OPEC cuts oil supply steeply but sees growing headwinds this year

OPEC said its oil output fell almost 800,000 barrels per day in January to 30.81 million bpd

UAE’s Dana Gas to drill in what could be Egypt’s next mega gas field

Seismic data has indicated reserves as large as 20 trillion cubic feet

Video: New floating villa unveiled in Dubai’s Heart of Europe, handovers to begin in 2019

Handover of the floating seahorse villas are now slated to begin later this year

IMF sees no credit crunch in Oman, advises speedy fiscal reforms

Rating agencies Fitch and S&P both class Oman’s bonds as ‘junk’

Dubai’s ENOC group to expand aviation operations in Egypt

The company has acquired a share in the jet fuel hydrant system at Terminal 2 of Cairo International Airport

Citigroup sees Saudi, UAE as top Mideast markets for deals this year – executive

The US lender won approval last year to begin investment banking operations in Saudi Arabia

Flydubai plane to Saudi forced to return to Dubai after birdstrike

A replacement flight reached Jazan’s King Abdulla Airport with a delay of about four hours

Saudi crude output to fall to 9.8 million bpd in March – Falih

Under the deal reached in December, Saudi Arabia’s target production is 10.311 million bpd

Saudi’s first port to be owned, operated by the private sector officially inaugurated

The King Abdullah port is part of the King Abdullah Economic City (KAEC) in Rabigh

Saudi Aramco and Egypt’s SUMED sign oil deals

The two signed a deal to supply fuel oil storage capacity of 165,000 cubic metres in the Red Sea port of Ain Sokhna

Saudi Crown Prince to embark on Pakistan visit later this week

Deals worth billions are anticipated to be signed during the two-day visit

Bahrain’s Investcorp acquires eight properties in the US for $330m

The properties are spread across five states including North Carolina, Georgia, Florida, Arizona and Texas

Sheikh Hamdan: Our goal is to make Dubai ’10 years ahead of world cities’

Dubai Crown Prince addressed the World Government Summit using hologram technology

Rains hit parts of the UAE with poor visibility warning

Temperatures will drop “significantly” across the country

Saudi Arabia would need oil at $80-$85 a barrel to balance budget – IMF official

Benchmark Brent crude was trading at around $62 a barrel on Monday

Dubai’s Emaar launches phase 3 of expo golf villas priced from just less than Dhs1m

The launch follows “the sell-out response to the launch of its first two phases”, Emaar said

Will.i.am’s new AI voice platform to be rolled out in Carrefour, VOX Cinemas in UAE

People can purchase cinema tickets and groceries using AI voice assistant

In pictures: Sheikh Mohammed reviews Dubai’s new ‘Sky Pods’

The new autonomous mobility system is being tested by the Roads and Transport Authority

Franklin Templeton, Actera eyeing Dubai-based Abraaj’s Turkey funds

Investment firm Abraaj collapsed last year in the aftermath of a row with investors

Dubai’s RTA says ‘air taxi’ project ongoing, smart taxi firm to be launched in April

The smart taxi company is being launched in partnership with Careem

UK has approached GCC states for post-Brexit trade pact – UAE minister

Sultan bin Saeed al-Mansouri also said it was important for UAE not to take sides in China-US trade tensions

New rules announced to curb abuse of camels in Saudi Arabia

The Saudi Camel Club announced the new rules at the King Abdel Aziz Camel Festival

UAE car rental ekar to deploy 200 vehicles in Abu Dhabi

Ekar offers a “pay-by-the-use” pricing scheme for residents and tourists

Abu Dhabi’s Etihad to deploy A380 on daily Seoul route

The 486-seat jumbo jet will be operated on the route from July 1

Foundation stone-laying ceremony for Abu Dhabi temple to be held in April

Construction is slated to begin this year

Saudi Crown Prince launches tourism mega-project in Al Ula

The project’s main resort will be designed by Jean Nouvel – the man behind Louvre Abu Dhabi

Saudi Arabia says has ‘nothing to do’ with Bezos-AMI dispute

Jeff Bezos accused American Media Inc of trying to blackmail him due to political pressures

Tremors felt in parts of the UAE after earthquake hits Iran

The earthquake, measuring 5 on the richter scale, struck Qeshm island in south Iran on Sunday

Saudi appoints new envoys to several nations including UAE, Germany and Japan

Turki Aldakhil, the former general manager of Al Arabiya, has been named as the kingdom’s new ambassador to the UAE

New five-star 348-room JA hotel on track to open in Dubai this September

JA Lake View Hotel will open as the third property within the 128-acre JA The Resort in Jebel Ali