UAE’s largest bank FAB to repay customers for fee charged in error

Customers of First Abu Dhabi Bank were charged a Dhs175 fee in error

Landmine explosion kills 10-year-old, injures three in Saudi

The incident took place on Friday in Jazan province

New multi-screen Vox Cinemas to open at Dubai’s Wafi mall

The 16-screen multiplex will open in the third quarter of this year

UAE start-up Yallacompare raises $8m in new funding round

The new funds will be used to grow the workforce by up to 50 per cent as the company expands to other regional markets

Deposits outvalue loans by $23bn at UAE-based banks

Figures from the UAE’s Central Bank covered the first 11 months of 2018

ADNOC named world’s 6th most influential energy company

The company was the third highest place oil company behind Exxon Mobil and China’s CNPC

Sheikh Mohammed

A virtual commercial zone, Silk Road in Dubai among new projects outlined by ruler

Nine initiatives are revealed by Sheikh Mohammed under his ‘Fifty Year Charter’ programme

Saudi women to be notified about divorce by text message

Courts will be required to notify women about a change in their marital status

Saudi arrests over 2.3 million in continuing crackdown on illegal workers, residents

The kingdom began the crackdown on violators of residential, labour and border security regulations in November 2017

Saudi to apply job restrictions for expats in five retail roles this week

Nationalisation restrictions will apply to shops selling medical devices and equipment, construction materials, auto spare parts, carpets and confectionery

UAE’s Sheikh Mohamed bin Zayed visits Pakistan, meets PM Imran Khan

During the visit, the UAE is anticipated to sign a multi-billion dollar support package for Pakistan

Passenger traffic at Dubai airport reaches 81.4 million between Jan-Nov

The number of passengers using the airport fell 0.8 per cent to 6.9 million in November

UAE’s Gulftainer appoints new group COO

Fred Castonguay will help Gultainer expand its ports and logistics portfolio globally

Dubai bank Emirates NBD to make it easier for VAT-registered SMEs to get loans

The new programme will cover home loans, auto loans and business loan products

All domestic flights from Jeddah to shift to new airport this year

The King Abdulaziz International Airport had a soft launch in May 2018

First year of VAT in the UAE: FTA reveals the key details of implementation

The UAE implemented 5 per cent VAT on the supply of most goods and services on January 1, 2018

UAE’s real GDP ‘to grow 3.7%’ in 2019

The IMF’s latest outlook figures predict growth in the UAE but decline in the US and China

Sheikh Mohammed issues eight principles of governance in Dubai

Dubai is a business capital that will continue to attract new talent and focus on economic diversification, says ruler

Italy’s Serie A soccer league under fire for men-only seats in Saudi final

The high profile cup final between Juventus and AC Milan will be played in Jeddah on January 16

US official Pompeo to visit GCC next week, will seek update on Khashoggi

Pompeo will also discuss the war in Yemen as well as Iran, Syria and other regional issues

Hamad Buamim Dubai Chamber of Commerce

Power Letters 2019: Hamad Buamim, head of Dubai Chamber

The President and CEO of Dubai Chamber of Commerce and Industry talks about plans to cement Dubai’s reputation as global business hub.

Sir Tim Clark Emirates Airlines - Boeing

Power Letters 2019: Sir Tim Clark, Emirates president

The President of Emirates talks innovation, growth and how to cope with headwinds in the aviation business

Here’s how to stop sugar decaying your company’s profits in the UAE

Problems linked to high sugar consumption can lead to lower productivity and increased workforce absenteeism

Saudi’s plan to privatise its football clubs could be delayed beyond 2020

The kingdom is seeking to make the Saudi Professional League one of the top 10 football leagues in the world

No security incidents reported during New Year’s Eve in Dubai – police

More than two million people gathered across the emirate to usher in the New Year

Indian national wins Dhs15m in Abu Dhabi raffle

Dubai-based Sarath Purushothaman won the bumper prize at Big Ticket Abu Dhabi

Khashoggi trial: Hearing begins in Riyadh, prosecution seeks death penalty for five suspects

Khashoggi was killed at the Saudi consulate in Istanbul on October 2

Emirates to offer discounts in UAE to passengers from Jan 1 – March 31

The offers are available in over 500 locations across the UAE

Saudisation of jobs in the grocery sector could cut expat remittances by $1.6bn – report

Nationalising the sector could also generate more than 35,000 jobs for Saudis

Saudi Arabia may cut Feb heavy crude prices to Asia

Weaker fuel oil margins and an expected drop in Asia’s crude demand could lead to the fall in prices