Developer Arada gets $1bn loan for two major Sharjah projects

The two Islamic facilities will be used to finance the Aljada and Nasma Residences projects

Two businessmen become first Indians in the UAE to receive 10-year visas

Vasudev Shroff and Khushi Khatwani were granted the long-term residence visas in Dubai

Yemen’s Houthis step up drone attacks on Saudi Arabia

The Houthis carried out armed drone strikes on oil assets in Saudi last week and said one of their drones hit Najran airport on Monday

Saudi cabinet affirms desire to avoid war, stabilise oil markets

The kingdom “will do everything in its power to prevent any war and its hand is always extended to peace”

Dubai’s Emaar begins construction on Arabian Ranches III project

Featuring townhouses, the project will have a massive central park, a 4km long boulevard and a lazy river

Billionaire Hinduja brothers weigh bid for Etihad-backed Jet Airways

The Mumbai-based Hinduja Group is in talks with Jet founder Naresh Goyal and investor Etihad, according to media reports

Saudi consumer prices fall in April for fourth month in a row

Housing, water, electricity, gas and fuel prices were down 7.8 per cent from a year earlier

UAE unveils ‘golden card’ permanent residency scheme for expats

The move will see permanent residency granted to “exceptional” professionals

Pics: Construction of Expo 2020 Dubai’s three thematic districts complete

The districts form the largest built-up area of the site and include 86 low-rise buildings

Cloud seeding likely to have led to heavy rains in the UAE this week

Parts of the country have been witnessing heavy rains accompanied by lightning, thunder and even hail

Oman’s National Gas Company terminates CEO

Oman hires banks for bond issue, deal could raise $2bn

The government has been preparing the debt sale for quite some time

Oman’s foreign minister visits Tehran, talks on regional issues

His visit came amidst rising tensions between Iran and the United States and its Gulf allies

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Yemen’s Houthi drone targeted civilian facility in Saudi

The Saudi-led military coalition said a civilian facility in Najran was targeted with a drone carrying explosives

UAE aviation authority denies rumours of Dubai plane crash

Reports circulating on social media claimed a plane had crashed in Dubai on Tuesday

Dubai’s DEWA says 300MW phase of mega solar park will be operational next month

This stage is part of the 800MW third phase of the world’s largest single-site solar park in Dubai

Palestinians won’t attend US-led conference in Bahrain – minister

The US said the June 25-26 event in Manama was the first part of Trump’s long-awaited Israeli-Palestinian peace plan

Saudi intercepts two missiles headed towards Makkah, Jeddah

The kingdom’s air defense forces destroyed the ballistic missiles over Taif

Property props up Dubai stock market

The index has risen only 0.3 per cent this year, while it has lost 7.7 per cent since the beginning of May

Saudi comedian summoned for insulting soldiers

Osama Salmeen will face an investigation for a video clip that allegedly insulted Saudi soldiers

Contract awarded for Dhs5bn Jubail Island project in Abu Dhabi

Enabling works are scheduled for completion in January 2020

Saudi fines 16 banks, including Dubai lender for ‘violations of responsible finance’

The violations related to the percentage of debt that individuals had to bear in proportion to their monthly income

Saudi imposes tax on e-cigarettes and sugary drinks

The kingdom will levy a 100 per cent tax on electronic cigarettes and products used in them, and a 50 per cent tax on sugared drinks

Trump announces 2024 Presidential run: Here's what happens next

Trump says war will be the ‘official end’ of Iran

GCC states launch ‘enhanced security patrols’ in the Arabian Gulf as tensions simmer

Videos: Heavy rains, hail hit parts of the UAE

Motorists have been urged to be careful due to poor visibility on the roads

Dubai’s Jebel Ali freezone waives Dhs35m in fines

Jafza said the move supports the UAE’s designation of 2019 as the ‘Year of Tolerance’

Saudi’s new permanent residency permit fee to exceed $200,000 – report

Last week, the Saudi cabinet approved the special residency scheme aimed at attracting wealthy and high-skilled expats

Saudi ‘does not want war, but will respond to any threat’ – minister

Adel Al Jubeir said the Iranian regime is not looking for security and stability in the region

All Dubai restaurants will soon have to display calorie content on menus

All food establishments in the emirate will have to adhere to the ruling by January 2020

Over 33% of UAE residents paying more rent than a year ago – survey

Nearly 37 per cent of residents are giving the same amount of rent as a year ago

Dubai’s unemployment rate stood at 0.5% in 2018

The unemployment rate among Emiratis residing in Dubai increased by over one percentage point between 2016 and 2018