UAE residential market declines expected until year-end

Declines are expected across the Abu Dhabi, Dubai and Sharjah property markets, according to Cluttons

Nakheel appoints AE7 to oversee $1.36bn Deira Islands Boulevard

The development comprises 16 residential buildings, two hotels and two serviced apartment complexes

Saudi state fund plans stake in King Abdullah industrial zone

The Public Investment Fund aims to invest in King Abdullah Economic City, according to reports

Kuwaiti citizens selling property to avoid DNA testing

Up to 250,000 Kuwaiti citizens could be avoiding DNA tests because they obtained citizenship fraudulently

UAE to offer visas on arrival to Chinese visitors

The decision was taken at a UAE cabinet meeting on Sunday

UAE cabinet approves bankruptcy law

The new law is anticipated to decriminalise bounced cheques

First look: The Westin Dubai Al Habtoor City

The hotel is the largest Westin in Europe, the Middle East and Africa

Jumeirah Central to take Mall of the World site, feature world firsts

New devleopment to include world’s largest outdoor art gallery

Qatar National Bank becomes first GCC lender to open Cuba office

QNB has obtained regulatory approvals needed to open the office

UAE announces Covid protocols for Eid Al Adha

Eid Al Adha 2016: Private sector holidays declared

Private sector workers will get three days off for Eid

Eid Al Adha holidays for UAE public sector announced

Public sector workers in the UAE will get one week off to celebrate Eid Al Adha this year

Majid Al Futtaim’s smallest mall My City Centre Al Barsha opens

Dhs57m My City Centre Al Barsha is expected to cater for 40,000 people by 2017

UAE salaries forecast to grow by 4.6% in 2017

Salaries across the GCC region are projected to rise next year due to better economic conditions

Dubai reveals new holiday home regulation

Further UAE office rent declines expected by year-end

Economic headwinds and job cuts continue to impact the market, according to Cluttons

Kuwaiti official criticises ‘worst nation for expats’ ranking

Kuwait was ranked the worst country in the world for expats in this year’s InterNations Expat Insider survey

Nakheel appoints six Dubai-based consultants for Dhs7.5bn Jebel Ali Gardens

A construction tender for the project will be released in Q1 2017

Bloom Properties launches two-tower project at Dubai’s JVC

The project marks Bloom’s first foray into Dubai’s mid-market segment

Pre-marital drug tests called for in Saudi

Officials have argued pre-marital tests are a key way to tackle addiction and protect the family unit

Dubai reveals massive new project on Sheikh Zayed Road – Jumeirah Central

The development will have three malls, 7,200 hotel rooms and hopes to host 100,000 people annually

Lawsuit alleges Barclays lent Qatar $3bn to buy its shares in 2008

The share sale was “a fraud on its shareholders”, the lawsuit said

Tired of cheap oil, Saudi now working to boost prices

OPEC and other producers such as Russia may resume talks on stabilising output in Algeria later this month

Pizza wars in the UAE: The lowdown

The recent split between Pitfire Pizza and its franchise partner has again highlighted the issue

Why the UAE healthcare sector is ripe for mergers and acquisitions

The country has close to 100 hospitals and over 2,000 healthcare centres and clinics

Video: Emirates’ new amenity kits with augmented reality

The airline became the first worldwide to introduce interactive kits for economy passengers

Saudi Aramco, Japan to expand Okinawa crude storage deal

Aramco and ADNOC store up to 6.3 million barrels of crude oil each in Okinawa

Taiwan developer Farglory resumes $1bn Abu Dhabi project

The project will now comprise four towers with a mix of residential and commercial space

Asian interest could spur wave of Saudi bonds

Demand from Asia could fuel a pipeline of Saudi bonds after a debut issuance expected later this year

At least 50% of the GCC millennials dissatisfied with banks — experts

Banks and businesses need to enhance millennials’ online experience

Dubai’s Nakheel to develop huge shopping mall in Nad Al Sheba

The mall will feature around 200 shops, restaurants and entertainment outlets

UAE parents spend 140% more on university costs than global average

Parents in the country spend an average of $18,360 annually for their children’s college education