Saudi’s SEC apologises for power outage in the southern region, offers compensation

Electricity services were disrupted in Asir, Jazan, Najran, Al Baha and some other southwestern areas

Britain’s INEOS to invest $2bn in Saudi petrochemical complex

INEOS’ three plants would be part of a $5bn complex called Project Amiral

UAE, Saudi hit back at Qatar for its statement after Makkah summits

Qatar’s Prime Minister attended the summits at Makkah

Emirates begins flying A380s to Amman, Boston for summer

Emirates has also deployed the double-decker aircraft to Athens

Bahrain says following ‘biased’ social media accounts could result in legal action

The country has warned against following and circulating “inflammatory” social media accounts that promote “sedition”

Two more Indian businessmen get 10-year residency visas in the UAE

The founders of Aster DM Healthcare and Danube Group received the long term visas

Average Dubai crude oil price in May falls to two-month low

Dubai crude fell in May to an average of $69.375 a barrel

Bahrain, Manama, Cityscape view of Bahrain World Trade Center and Bahrain Financial Harbor

Bahrain wealth fund Mumtalakat’s 2018 profit falls 73.5%

Mumtalakat’s revenue totalled $5.5bn in 2018, up 38 per cent over the previous year

Pictures: Flydubai completes 10 years of operations

The airline operated its first flight to Beirut on June 1, 2009

Saudi Arabia’s central bank warns global slowdown may hit growth

The kingdom’s economy grew by 2.2 per cent in 2018, compared to a decline of 0.7 per cent in 2017

Emirates head says it could take six months for Boeing 737 MAX to return to service

The jet was grounded after two crashes, in Indonesia and Ethiopia, over five months killed a total of 346 people

UAE telecoms operators Etisalat, du start handing out first 5G handsets

The ZTE Axon 10 Pro will offer 5G connectivity with speeds up to 20 times faster than 4G

Emirates, Uber partner in UAE to offer discounted airport rides in summer

The offer applies to economy class flex plus and flex passengers

Saudi calls on Muslims to sight Eid moon on Monday

The sighting of the moon will mark the start of Eid Al Fitr

Dubai Police, RTA reveal traffic management plan during Eid holidays

The plan will ensure the security of tourist areas, malls and traffic movement during Eid celebrations

Dubai Municipality restores traditional markets in Deira

The renovation scheme covered more than 220 historical buildings in the Deira area

Saudi king says attacks by Iran-backed groups threaten global oil

Riyadh has accused Tehran of ordering the drone strikes on Saudi oil pumping stations

Oman increases spot market LNG sales as production rises

Oman’s LNG volumes rose 17 per cent in 2018 to 9.54 million tonnes

Getting to the heart of Abu Dhabi’s Hub71

The head of the new hub, Mahmoud Adi, tells Gulf Business why the project is so important, and how it plans to become a world-beating initiative

How the UAE is leading the way for green financing in the GCC

GCC governments are laying the groundwork for a green finance sector to support sustainability targets

Future-proofing your UAE business

Foreign business owners should seek to adopt a corporate structure which protects their personal assets

Saudi Arabia seeks Arab unity over Iran after attacks on oil assets

Riyadh accused Tehran of ordering the drone strikes

Dubai’s Emaar to develop mega business and tourism complex at Beijing airport

The complex will include retail, entertainment, office, hotel hospitality, convention, sport, art and lifestyle elements

UAE’s moon-sighting committee to meet on Monday

The committee will meet after Maghrib prayer on Monday, June 3

Emirates to operate its shortest scheduled A380 route to Muscat

The airline will deploy double daily A380 flights to the Omani capital from July 1

UAE’s GEMS, Hassana acquire Saudi’s largest private school operator

GEMS Education and Saudi’s Hassana plan to build a portfolio of more than 50 schools in the kingdom

Dubai developer offers European passport to eligible investors in its island project

Those investing over Dhs5m in the Heart of Europe project will qualify for a free Moldovan citizenship

WTO to probe UAE’s complaint about Qatar’s ban on Emirati products

The UAE stressed that the Qatari ban on Emirati products is a “flagrant violation of WTO rules”

UAE, US activate defence co-operation pact

The agreement was implemented following US national security adviser John Boltons visit to Abu Dhabi

Saudi expected to hike crude prices to Asia in July for third month

US sanctions on Venezuela and Iran and a Russian oil crisis have tightened sour crude supplies in Asia