Saudi regulator forms interim committee to oversee builder MMG

MMG’s board quit last week when the CMA sentenced three of its executives to jail

Flydubai boosts Kuwait capacity for holiday traffic

Flydubai makes Dubai, Bucharest service daily

The move follows year-on-year passenger traffic growth on the route

Dubai property market will see upturn in 2017- KPMG

Dubai real estate transparency improves but more needed

JLL report awards city ‘semi transparent’ status and the most in the Middle East

Thunderstorms likely to hit Oman ahead of Eid

Global meteorologists have predicted heavy rain in Oman this week

Oman state oil firm raises $4bn loan for projects

The amount raised will be used to finance construction of new facilities

Dubai hotels see 86% occupancy in May, but RevPAR drops

Average daily rates in hotels were down last month, finds EY report

Dubai’s RTA awards $2.9bn Route 2020 metro expansion contract

The route will consist of 15km of overground and underground track

New magnetic ‘zipping’ cars system planned for Abu Dhabi

Abu Dhabi’s Miral signs agreement with US-based skyTran for Yas Island

Abu Dhabi orders merger of state funds Mubadala and IPIC

A committee headed by deputy Prime Minister Sheikh Mansour bin Zayed al-Nahyan will oversee the merger

Saudi ministry implements first private sector housing project

The kingdom is seeking partners to build 1.5 million homes in the coming years

Omani schools criticised for altering grades to maintain rating

Members of Oman’s Majlis Al Shura criticised the practice after a group of teachers notified the Ministry of Education

Saudi in talks to develop Six Flags theme parks in kingdom

The move comes after Sheikh Mohammed announced that Dubai Parks would waive its right to exclusivity in Saudi

UAE’s Radio 1, Radio 2 pulled from air after Gulf News Broadcasting loses licence

Broadcaster claims ‘technical issues’ have led to the stations’ mysterious disappearance from the airwaves

UAE fuel prices to increase again in July

Minor increases to come at the pump after oil loses some momentum

UAE-based Propertyfinder acquires Moroccan portal

This is the company’s first acquisition since its $20m fund raise

World’s tallest tower Burj Khalifa introduces new mascot

Mr. Burj, a replica of the Dubai tower Burj Khalifa, will provide entertainment for young visitors

WhatsApp can officially hide online status, announces rollout of Communities

Bahrain arrests social media users for posting ‘instigative’ content

The material they posted was in ‘violation of the law’, an official said

Eid Al Fitr 2016: UAE private sector holidays announced

The first and second days of the month of Shawwal will be paid holidays for private sector workers

Malaysia Airlines CEO linked with Emirates

Reports have linked Christoph Mueller with a position leading Emirates’ digital strategy

10,000 hotel rooms to open in Dubai this year

The number may raise concerns of oversupply in the market

Saudi’s SABIC, Aramco agree to study oil-to-chemicals project

SABIC had previously revealed plans for the proposed project in May

Dubai Expo 2020 site infrastructure work to begin this summer

Major construction on the site is expected to be complete by October 2019

Saudi scholar warns wives against smartphone spying

Sheikh Abdullah Al-Motlaq reportedly linked the practice to divorce cases

France’s Total wins 30% stake in Qatar’s Al-Shaheen oilfield

State-owned Qatar Petroleum (QP) will keep the remaining 70 per cent in the new joint venture

Fire breaks out at Dubai construction site

The cause of the blaze is unknown

Abu Dhabi firm wins Dhs 1bn contract for Emaar’s Mira Oasis townhouses

The project is anticipated to reach completion by the end of 2018

LuLu group opens first Kuala Lumpur hypermarket

UAE-based retail group commits investment of $300m to open 10 outlets in Malaysia

Abu Dhabi airport expects 85,000 passengers to travel this week

Airport authorities urge travellers to register for the Smart Travel initiative

Bahrain’s Investcorp to acquire European cyber security firm Coresec

The deal follows Investcorp’s acquisition of cyber security firm SecureLink last year

Saudi contractor Khodari to book multi-million riyal loss

Khodari has been pressured by a severe slowdown in the construction sector