Sir Tim Clark Emirates Airlines - Boeing

Emirates says full-year results will not be as good as in previous years

The airline’s president Tim Clark said the results would still be positive when revealed next month

UAE expresses ‘concern’ about Iraqi cleric’s statement on Bahrain

Iraqi cleric Muqtada Al-Sadr reportedly “defamed” Bahrain’s leadership

UAE hikes petrol prices for third consecutive month by around 11% in May

Petrol prices rose in March and April in the UAE

Saudi’s economy may grow faster in 2019 that previously forecast – IMF

The non-oil sector is expanding faster than the wider economy

Application process for liquor licence in Dubai simplified

Under UAE law, residents must have a licence to purchase and consume alcohol in Dubai

Flydubai boosts Kuwait capacity for holiday traffic

Flydubai’s financial outlook for 2018 unchanged despite Boeing groundings

Flydubai operates a fleet of 737 aircraft including 13 MAX jets that have been grounded

Ramadan to begin on May 6; changed timings announced for Dubai schools, parking

Timings have also been changed for Dubai Metro operations

Kuwait looks at Iran’s threats to block Strait of Hormuz “with concern”

Iran’s Revolutionary Guards made a threat to close the strategic waterway

Dubai reveals dates for this year’s three-day ‘super sale’

The event will see discounts of up to 90 per cent offered on 400 brands

Danube Properties completes Dhs570m Starz and Glamz projects

Both projects were launched and sold out in 2016

New economy class seats – with no TV screens – unveiled by Abu Dhabi’s Etihad

Passengers can view inflight entertainment by using their own devices

UAE’s United Arab Bank cuts 150 jobs – sources

The cuts are mostly junior and middle level staff and some senior positions, the sources said

Saudi airline Flyadeal’s decision on Boeing MAX “imminent” – CEO

The airline is reconsidering the order after two MAX jets fatally crashed in Ethiopia in March and in Indonesia in October

Emirates unveils pavilion for Expo 2020

The airline’s pavilion will focus on the future of commercial aviation

sabic

Saudi’s SABIC Q1 net profit drops 38%, cites lower selling prices

The company made a net profit of SAR3.41bn ($909m) in the three months to March 31, down from SAR5.51bn last year

Arabian Centres to raise up to $836m in Saudi’s biggest IPO since 2014

The IPO would be the country’s biggest since Saudi lender National Commercial Bank raised $6bn

Dubai launches new system to address complaints for government workers

Disciplinary actions can include written warning and deduction of salary

Dubai Expo 2020 ticket prices revealed

Single-day, three-day, monthly and seasonal passes will be available

Abraaj founder’s extradition case adjourned again, Naqvi to remain in custody

He is accused of defrauding US investors and causing them financial loss

Saudi wealth fund-backed real estate firm to buy $200m worth of mortgages

SRC, formed in 2017, is trying to boost the kingdom’s secondary mortgage market

Dubai financier Shailesh Dash: Invested in the future

The entrepreneur and financier discusses where the region’s investment market is heading, and how young entrepreneurs can succeed in a competitive landscape

Different Arab money

Growth outlook lowered for GCC economies this year – poll

The pace of recovery should accelerate in 2020 and 2021 compared with this year – analyst

Which are the best sectors to work in if you are an expat in the GCC?

The healthcare, oil and gas, and education sectors seem to be those that are offering the most improved benefits

Saudi central bank sees more interest from international lenders

The kingdom announced last week that Credit Suisse had won approval for a banking licence to operate in Saudi

Dubai developer Emaar says ‘seriously’ eyeing entry into China’s property market

The developer has signed a three-way agreement with ICBC and Emirates NBD to finance its expansion in the Chinese market

Sheikh Mohammed meets with Chinese President in Beijing

The UAE leader is in Beijing to participate in the Belt and Road conference

Saudi aims to create over 561,000 private sector jobs by 2023

The kingdom launched the Qiwa online platform to consolidate all the employment data in the kingdom

DP World’s Q1 shipping container volumes fall in UAE, flat globally

The Dubai-based company handled 3.5 million TEU in the UAE, down 8.8 per cent year-on-year

Dubai expat Juno Srivastava confirmed dead in Sri Lanka bombings

He was killed along with his colleague, Lorraine Campbell, at the Cinnamon Grand hotel in Colombo

KKR, BlackRock raising $3bn for ADNOC pipeline deal

Abu Dhabi’s ADNOC sealed the $4bn pipeline deal in February