Dubai’s DEWA awards deal for 800MW solar park to Masdar-led group

The third phase of Sheikh Mohammed bin Rashid al-Maktoum Solar Park will be operational by 2020

UAE announces week-long Eid Al Fitr break for the public sector

Government offices will remain closed from July 3 – 9

Emirates Nuclear Energy Corporation relocates to Masdar City

Company and its subsidiary Nawah move to Abu Dhabi’s sustainable city

Tasweeq to be integrated with Qatar Petroleum

The company was previously independent from Qatar’s other oil and gas firms

Dubai’s Jumeirah Golf Estates says phase one of Redwood Park sold out

Construction of the development’s first phase is 70 per cent complete

UAE signs deal with Lockheed Martin for space training

The move comes as the country prepares to launch a probe to Mars by 2021

Saudi Arabia picks banks to manage multi-billion dollar bond

The kingdom is turning to international debt markets to help plug a budget shortfall

Dubai’s Damac awards 25 contracts worth Dhs 3bn in Q1 2016

The developer said it has awarded contracts for its Akoya Oxygen and Akoya by Damac projects

UAE, Saudi stock markets fall on Brexit worries

Dubai’s index was down 4.6 per cent in early trade while Saudi’s Tadawul fell 3.7 per cent

Saudi non-oil GDP growth to slow to 2.8% this year

The kingdom’s non-oil GDP growth stood at from 3.4 per cent in 2015

Qatar bans minimum charges in restaurants

Currently many F&B establishments in the emirate force customers to place a minimum order

New Dubai Industrial Strategy to help generate Dhs 160bn by 2030

The strategy will focus on six sub sectors such as aerospace, maritime and aluminum, among others

Dubai’s RTA to open Abu Dhabi-bound bridge on Sheikh Zayed Road

Six lanes of the eight-lane bridge will be opened on July 1

Revealed: 10 Eid staycation deals in the UAE

With Eid Al Fitr around the corner, Gulf Business picks 10 getaway deals within the UAE

Saudi, UAE say Brexit to have little impact on their financial institutions

Saudi said it had already made some adjustments to assets denominated in sterling and euros

Have Bahrain’s national reconciliation efforts been put on hold?

A US State Department reports says Bahrain has implemented some reforms but “more work remains to be done.”

Court orders Germany to decide on gun exports to Saudi Arabia

The government will now have to decide whether to allow gunmaker Heckler & Koch to export parts to Saudi

Commercial Bank of Dubai closes in on up to $500m loan

The three-year loan will be used to refinance existing debt

Bahrain summons five senior Shi’ite clerics for questioning

Bahrain stripped top Shi’ite cleric Ayatollah Isa Qassim of his citizenship earlier this week

Abu Dhabi-backed Solar Impulse 2 completes Atlantic flight

Experimental solar-powered plane lands in Seville after a 70-hour journey from New York

Eid Al Fitr 2016: UAE astronomer predicts end of Ramadan

Tuesday, July 5, is expected to be the final day of Ramadan

Australian firm cuts almost entire Dubai workforce

The cuts came as a surprise to staff, with several recently hired to develop new roles in the Middle East

Carrefour hypermarket confirmed for Abu Dhabi’s $1bn Reem Mall

Construction on the mall is scheduled to be complete in late 2018

Emirates to introduce A380 on daily Dubai-Auckland route

The added capacity will meet growing demand on the route – the world’s longest

SeaWorld eyes Saudi theme park

The company was previously linked with an attraction in Dubai

Saudi land tax could see prices drop by 40%

A 2.5 per cent tax on unused land was approved earlier this month

Saudi’s King Salman to announce $1.35bn of projects in Madinah

The projects will cover healthcare, education, culture and electricity and water

Saudi deputy crown prince meets UN chief, discusses Yemen

A recent UN report blamed the Saudi-led coalition in Yemen for 60 per cent of child deaths and injuries in the conflict

Emirates receives 80th A380 jet from Airbus

The aircraft will be used on the Dubai-Vienna route from July 1

Work to begin on Abu Dhabi Midfield Terminal’s external facade

De-propping of the last arch in the roof of the new terminal is now complete