Houthi missile attack on Saudi airport wounds 26

Three women and two children were among those wounded

Dubai police say detergent left by woman causes panic in GEMS Wellington School

Dubai police were called to the school and the children were later sent home

Abu Dhabi sovereign fund ADIA buys full ownership of New York office block

Abu Dhabi Investment Authority bought a 25 per cent stake in 330 Madison Avenue from Vornado Realty Trust

Bahrain launches first phase of ‘world’s largest’ underwater theme park

Covering an area of over 100,000 square metres, the dive site will have a 70-metre long decommissioned Boeing 747 as its centerpiece

UAE signs deal to build $100m power plant in Yemen

The 120MW plant in Aden is expected to be operational in late 2019

Dubai welcomes India’s first premium cruise ship Karnika

The vessel will begin operating regular GCC itineraries from June to mid-September 2019

Abu Dhabi Crown Prince begins two-day visit to Germany

Sheikh Mohamed met with German President Frank-Walter Steinmeier on Tuesday

Anwar Gargash, Minister of State of Foreign Affairs

UAE communicating with Sudanese opposition and military council – minister

Anwar Gargash said that the UAE’s goal was to support Sudan’s stability

BP raises Saudi oil reserves 12% in first big change in 30 years

Saudi’s proved oil reserves were revised to 297.7 billion barrels at the end of 2018 from 266.2 billion a year earlier

New insolvency law enacted by Dubai’s DIFC, lawyers say move will boost confidence

The new law is hoped to facilitate a more “efficient and effective” bankruptcy restructuring regime

Saudi offers Jeddah festival visitors e-visas in ‘three-minutes’

The Jeddah Season festival runs from June 8 until July 18

Kuwaiti MP calls for expelling close to 2 million expats, urges remittance tax

A draft law proposing a 5 per cent tax on remittances has been set before the assembly, she said

Saudi stocks rise for the fourth day, UAE markets retreat

The Saudi index has gained over 13 per cent year-to-date, outperforming other major Gulf peers

Kuwait records world’s highest temperature this week

The temperature in the region of Mitribah touched 51.4 degree celsius on Tuesday

Abu Dhabi’s Waha Capital parts way with CEO, names board member as MD

The senior management shake up comes as Waha is coping with changes and challenging market conditions

Echo

Amazon Prime launches in the UAE

The launch of the membership programme comes after the launch of Amazon.ae in May

Saudi air defence intercepts two Houthi drones

The drones targeted the Saudi city of Khamis Mushait

Dubai Islamic Bank board approves plan to acquire Noor Bank

The deal is expected to create “one of the largest Islamic banks in the world” with combined assets of nearly Dhs275bn

Emirates NBD hires Japan’s Mizuho to arrange $200m syndicated loan

The loan has tranches with three- and five-year maturities and a $200m greenshoe option

Dubai bus crash: Filipino victim identified

The 37-year-old woman, Marie January Ventura Gallardo, was working in Oman

Dubai Airports to impose ban on single use plastics from 2020

Dubai Airports said it recycles over 43,000 tonnes of paper, glass and other waste every year

Careem launches ‘affordable’ bus services in Saudi’s Jeddah

The bus service will be “60-70 per cent cheaper” than the Careem car option, says company

Indian businessman Firoz Merchant granted permanent UAE residency

The UAE launched the permanent residency scheme for expatriates in May

Abu Dhabi’s Waha Capital CEO leaves

Michael Raynes was appointed to lead the company in late March 2018

Saudi energy minister: Only Russia is undecided on OPEC deal extension

Russian President Vladimir Putin said last week that Russia and OPEC disagreed over what constituted a fair price for oil

UAE’s private sector growth at the highest level since October 2014, hiring stagnant

Although both new orders and business activity increased, employment and salary growth remained broadly unchanged

Bahrain’s Investcorp acquires 11 US properties for $370m

The deal marks Investcorp’s largest US real estate portfolio acquired in the past decade

Dubai’s DEWA studying the development of floating solar plants

DEWA has issued a request for proposal for appointing consultants to study, develop and construct floating solar PV plants

American woman on Emirates flight dies after landing in Dubai

Brandi Hodges, 40, was reportedly travelling to Dubai for a holiday

Dubai’s RTA signs agreement with SkyTran for ‘suspended’ transport systems

The RTA is already developing the Sky Pods project in Dubai