Kuwait Petroleum to raise $1bn revolving loan

The loan, a revolving credit facility, comes amid a slowdown in the regional lending market

Eight new schools to open in Dubai by 2020

The schools will make over 13,000 new seats available to students

Banks close to hiring adviser for debt talks with Abu Dhabi’s Gulf Marine Services

London-listed GMS had $400m in total net debt at the end of last year

In pics: Saudi’s new Six Flags park to feature world’s fastest, longest roller coaster

Six Flags Qiddiya is expected to open its doors in early 2023

Telcos have lowest customer satisfaction in UAE – report

Service Hero statistics show particular dissatisfaction with mobile phone operators

Video: First Emirati prepares to head to space on September 25

Hazza Al Mansoori is prepping to go to the ISS

Prominent Dubai businessman Saif Ahmed Al Ghurair dies

The Emirati businessman was the founder of UAE conglomerate Al Ghurair Group

Dubai ‘leading the pack’ for world records

Dubai is setting a record for world records, according to a new report

Dubai’s Arabtec wins two contracts worth Dhs408m from Emaar Misr for Cairo project

Arabtec will begin work immediately on the two projects, located with the Uptown Cairo development

Saudi forces shoot down another drone as Houthi attacks increase

The coalition intercepted and shot down six missiles fired by the Houthis towards the city of Jizan on Sunday

UAE’s Utico says signs deal to rescue Singapore’s Hyflux

Utico now has taken an 88 per cent stake in Singapore’s indebted water treatment firm

Dubai’s GEMS says JV completes acquisition of Saudi’s largest education company

Ma’arif has more than 13 campuses and more than 20,000 students enrolled across the kingdom

UAE roads getting safer despite rise in vehicles

New data shows fatalities down nearly 35 per cent

Saudi authorities settle dues worth SAR5.7m owed to 134 expats

Among the expatriates, Indian nationals – accounting for the largest group – received over SAR4.5m

Kuwait’s ruler holds first public meetings after health issues

The emir’s office said on August 18 that Sheikh Sabah was in “good condition” after suffering a health setback

Revealed: The value of retail fashion in the UAE

Data shows clothing sales pumped about $12.3bn into the UAE economy in 2018

Kuwait hikes minimum salary requirement for expats to sponsor families

The decision exempts expats working in certain professions

New hotel set to open in Dubai – with 269 pools

FIVE Jumeirah Village continues the emirate’s trend of over-the-top experiences

UAE’s First Abu Dhabi Bank denies Qatar’s allegations

The bank announced in June that it would be closing its sole branch in Qatar

Saudi, UAE form committee to stabilise Yemen ceasefire

The Saudi and UAE governments urged all parties to cooperate with the joint committee to achieve disengagement

Saudi-led coalition shoots down six Houthi missiles targeting kingdom

The ballistic missiles were fired from Sa’ada governorate in Yemen and targeted “civilian objects and civilians” in Jizan

Oman’s National Gas Company terminates CEO

Oman’s year to date budget deficit at around $1.7bn

The budget deficit is down 53 per cent on an annual basis

First vaping expo coming to UAE as new tax goes into effect

World Vape Show said to be coming in 2020 as excise tax of 100 per cent goes into effect

Emirates Airbus A380 damaged during Dubai maintenance work

No-one injured, airline says in statement

Dubai’s DIFC Courts sees increase in the number of cases in H1 2019

Case volumes and values rose in the first half of the year

Revealed: The Middle East’s highest earning airline routes

UAE airlines dominate the list

SAUDI-CONFLICT-YEMEN-COALITION

Saudi intercepts Houthi drones targeted at ‘civilian objects’

The drones were fired towards Khamis Mushait and Jizan

Video: Indian PM meets Abu Dhabi Crown Prince, receives UAE’s highest civilian honour

The Indian leader also unveiled the Indian payment platform RuPay in the UAE

Saudi-UAE coalition a strategic necessity in Yemen – minister

The UAE’s engagement with Riyadh is “ontological and more comprehensive”, Anwar Gargash said

Explainer: Understanding Saudi Arabia’s new decennial liability law

Gulf Business speaks to Sarran Abu Saq, regional VP – Business Development at ACE Insurance and Reinsurance Brokers, Saudi Arabia