UK court adjourns case to extradite Abraaj founder to the US on fraud charges

Arif Naqvi was arrested in the United Kingdom earlier this month

Saudi to host G20 Leaders’ Summit in November 2020

Saudi said it is fully committed to the G20’s objectives

Oil up on Saudi, Russia meeting

Saudi Arabia oil exports fall to 6.977m bpd in Feb

The kingdom pumped 10.136 million bpd in February, down from 10.243 million bpd in January

Dubai’s Emirates to operate first scheduled A380 service to Riyadh

The jumbo jet will operate the route five times a week

Dubai developer Nshama to hand over 5,000 new units in Town Square this year

By end-2019, the development expects to be home to over 18,000 people

Iraqi Prime Minister Abdul Mahdi met Saudi Crown Prince in Riyadh

The trip marked the Iraqi PM’s first official visit to the kingdom

UAE’s Tabreed appoints former Masdar exec as CEO

Bader Saeed Al Lamki replaces Jasim Husain Thabet, who joined as the first Emirati CEO of Tabreed in August 2012

Abu Dhabi’s property market ‘has become more affordable’

There’s not a huge amount of new supply expected to enter the market this year or the next

Abu Dhabi Crown Prince named among Time’s ‘100 most influential people’

Sheikh Mohamed bin Zayed was appreciated as a “long-term thinker”

Fire at Kuwait’s Burgan oilfield under control

The fire, which broke out on Wednesday, did not result in any injuries

Iraqi PM Abdul Mahdi meets Saudi King Salman on first visit to kingdom

Mahdi’s office said the leaders had signed 13 agreements in areas such as trade, energy and political cooperation

Abu Dhabi allows foreigners to own freehold properties in investment areas

Previously, foreign investors in Abu Dhabi were largely restricted to 99-year leases

Kuwait scraps ‘expat-friendly’ plan to increase private sector leave

The decision, which received initial approval, would have increased annual leave for private sector workers from 30 to 35 days

Kuwait further hikes healthcare fees for expats

The measure seeks to ease congestion at public hospitals, the health ministry said

Bahraini court sentences 139 to jail for forming ‘Iran-funded terrorist cell’

The court also ordered 96 of them to pay BD100,000 ($265,957) each

Saudi Aramco in talks to buy stake in refining business of India’s Reliance

Aramco is expanding its refining and petrochemical business globally

Dubai property prices down 27% compared to mid-2014 – report

Residential rents fell by 9 per cent year-on-year in the first quarter, finds ValuStrat report

Emirates NBD approves 40% dividend

Dubai bank Emirates NBD posts 15% Q1 profit rise, confirms CFO resignation

Loan growth and improved margins offset an increase in provisions and operating costs

World’s tallest observation wheel, Ain Dubai, to be completed next year

Standing at a height of over 250 metres, it will carry up to 1,900 passengers at a time

Saudi princess Reema sworn in as kingdom’s first female ambassador to the US

Princess Reema replaces Prince Khaled bin Salman, who was appointed as Saudi’s deputy defence minister

Abu Dhabi Crown Prince meets with Saudi King Salman in Riyadh

The two leaders discussed ways of consolidating bilateral ties

Saudi court rejects AHAB bankruptcy filings after decade-long dispute

The conglomerate was the first high-profile company to file for a settlement under Saudi Arabia’s new bankruptcy law

UAE minister hails Trump’s veto of US Congress resolution on Yemen

The resolution sought to end US involvement in the Saudi-led war in Yemen

Dubai’s Coca Cola Arena eyes Arabic, Bollywood and sports events to expand reach

The 17,000-seat capacity venue will open in June

Abu Dhabi’s ADGM regulator fines Eshara Capital and its CEO for breach

The investment fund and its CEO were individually fined $10,000 for failing to submit audit reports on time

Etihad Airways Group CFO departs amid turnaround plan

Powers, who joined in January 2018, resigned for personal reasons, the airline said

Saudi regulator approves IPO of Alhokair’s Arabian Centres Company

Arabian Centres is a developer, owner and operator of 19 malls across 10 cities in Saudi

Abu Dhabi residential prices, rents continue falling in Q1

Property prices in the UAE capital were down 12.2 per cent compared to Q1 last year, finds new report

UAE’s Brooge Petroleum to list on Nasdaq after merger

The $1bn merger deal with US-based firm Twelve Seas Investment is expected to be finalised before July 1

Dubai regulator in contact with US authorities about Abraaj case

The Dubai Financial Services Authority has been investigating Abraaj Capital, an entity of the collapsed firm