Saudi and UAE give $200m to Yemen for Ramadan

The aid is part of a $500m joint initiative announced in November

In pics: Mega Dhs5bn Jubail Island development launched in Abu Dhabi

The project, designated as an Abu Dhabi investment zone, aims to house over 5,000 residents once complete

Dubai’s Property Finder acquires rival JRD Group

JRD Group founders Alex Nicholas and Siddharth Singh will become shareholders of Property Finder

Saudi forces intercept Houthi drone fired towards civilian areas in Asir

The kingdom has been targeted by hundreds of missile attacks since entering the Yemen civil war

Saudi says May will be key to decide on extending oil supply cuts

A joint OPEC and non-OPEC ministerial committee known as the JMMC is due to meet in May

UAE says changing oil trading currency from dollar can’t be done overnight

Saudi Arabia is threatening to sell its oil in currencies other than the dollar

Etihad to deploy Dreamliner jets to Johannesburg, Lagos and Milan

The Dreamliner jets will replace the Airbus A330s currently operating the three routes

Oil up on Saudi, Russia meeting

Saudi threatens to sell its oil in currencies other than the dollar to stop ‘NOPEC’

The chances of the U.S. bill known as NOPEC coming into force are slim

Dubai Islamic Bank responds to reports of acquiring Noor Bank

A media report claimed Dubai Islamic Bank was in talks to buy its smaller rival

Abu Dhabi’s Mubadala to sell 30-40% stake in Cepsa to Carlyle

The deal values the Spanish company at an enterprise value of $12bn

Video: Rain, lightning in parts of the UAE, temperatures edge above 40 degrees

Authorities warned of poor visibility in the country on Monday

Dubai Arena to be renamed after Meraas signs 10-year deal with Coca Cola

The 17,000-capacity Coca-Cola Arena is set to open in June this year

Abu Dhabi orders prompt payments to construction contractors and suppliers

Contractors and suppliers will also have to pay subcontractors within 30 days of receipt of government payments

Saudi central bank revokes licence of Abdulaziz Abdullah Al-Zamil

The licence was revoked at the company’s request

Two dead in attack in Saudi’s eastern province

The four men – including three “wanted terrorists” were reportedly attempting to flee the kingdom

Video: Dubai number plate 12 W nets Dhs4m in auction

The revenues from the RTA’s latest public auction of number plates netted over Dhs23.47m

Saudi banks to see double-digit asset growth by early 2020 – Samba CEO

Government plans to diversify its oil-based economy are expected to boost lending

Dubai to slash taxi fares from Al Maktoum airport during DXB runway closure

A shared taxi service will also be available at the Al Maktoum International airport during the 45-day DXB runway closure

Two US citizens detained in Saudi – report

US officials said they are in talks with the Saudi government about the detainees

Dubai’s foreign direct investment increased 41% in 2018

The emirate received Dhs38.5bn ($10.5bn) in FDI capital flows last year

Dubai’s Landmark group to open first Oasis mall in Sharjah

Located on Al Wahda Street, the mall will feature over 45 retail stores

Dubai’s Emaar partners with Elie Saab for new beachfront property

Elie Saab was also presented with a star in Emaar new’s walk of fame ‘Dubai Stars’

Dubai’s RTA to complete all road works for Jewel of the Creek project by June-end

Spread across 125,675 sqm, the Jewel of the Creek project lies between the Maktoum bridge and the floating bridge

Saudi plans to invite bids for nuclear power project in 2020

The world’s top oil exporter wants to diversify its energy mix

Abu dhabi uae capital flag

UAE to grant long-term visas to 100 Arab start-ups

The 100 Arab start-ups were selected at the MENA World Economic Forum

Saudi energy minister discusses oil market stability with Nigerian president

The leaders discussed “ways of cooperating in the fields of energy and industry”

Property investment in Dubai: Why smaller units can mean bigger returns

Automatically going for the largest apartments you can afford is best avoided, says Michael Burke

Saudi investment firm buys Australian farmland, sheep

SALIC, an arm of Saudi’s Public Investment Fund, made its first acquisition in Australia

How medical zoning could save the UAE’s healthcare industry

Medical zoning – careful regulation of land development for medical facilities – will hugely benefit the healthcare sector

ADNOC Distribution shareholders approve hefty dividend increase

The company plans to open up to 10 fuel service stations each in Saudi Arabia and Dubai this year