Dubai stock market up 5% , Saudi’s Tadawul climbs after oil price rally

Brent crude prices rose to over $32 per barrel on Friday

Dubai stock market up 5% , Saudi’s Tadawul climbs after oil price rally

Professional social networking platform finds the words ‘organization’, ‘motivated’ and ‘dynamic’ to be the most-commonly used

Burj Khalifa postage stamp launched for sixth anniversary of world’s tallest tower

The commemorative stamp has been issued in a Dhs 3 denomination

Dubai-based property website Bayut receives $20m in funding

Latest big investment follows trend of venture capitalists backing UAE e-commerce startups

Dubai rents to fall further in 2016 as property values drop

Report finds that rents fell by 10 per cent last year

Video: Emirates, Boeing launch massive filming project shot by drones

The project features footage shot over 18 global destinations including Dubai, Seattle and Japan

UK launches luxury services for UAE visa applicants

New services include platinum lounge and mobile biometric facility

RAKBANK expat staff to be hit by 250 job cuts

Lender said cuts were due to the slowing market

Work begins on $1bn ICD Brookfield project in Dubai’s DIFC

The 1.5 million square feet mixed-use development is expected to be completed in 2018

Electrical short circuit caused Address hotel fire – Dubai police

The blaze on New Year’s eve gutted the 63-storey luxury hotel

Bloomingdales confirms Kuwait store opening

Luxury Macy’s-owned beauty and accessories store will span 93,000 sq feet over three levels at the 360 Mall

Dubai’s Burj Al Arab to unveil new luxury leisure attraction shipped from Finland

The 10,000 sqm deck will extend 100 metres out into the Arabian Gulf and feature cabanas, sun loungers, a restaurant and a bar

Saudi, China sign deal to build nuclear reactor as Xi Jinping visits Riyadh

The two countries signed 14 agreements and memoranda of understanding

IEA expects oil oversupply to continue with Iran re-entry

Organisation suggests the market could ‘drown in oversupply’

Inequality rising: Richest 62 own as much as half of the world, finds Oxfam

Report finds that the wealthiest 1 per cent owns more than the rest of the world’s population

Aldar acquires Abu Dhabi office building, plans to boost income

Developer plans to generate Dhs 2.2bn in annual net operating income by 2020

Oman’s austerity measures could boost foreign investment in property market

The sultanate is anticipated to see a rise in public-private partnerships, finds Cluttons report

Indians invested Dhs 20bn in Dubai’s property market in 2015

The overall value of property investment in Dubai grew 24 per cent to reach Dhs 135bn last year

Dubai Parks and Resorts – a new chapter begins

Chief executive officer Raed Kajoor al Nuaimi talks to Dean Carroll about Dubai Parks and Resorts’ flagship Dhs 10.5bn project and the company’s future plans

Shell exits $10bn Abu Dhabi gas project, UAE says not worried

The oil giant was jointly developing the Bab sour gas project with ADNOC

Saudi oil minister confident about price rise, but says will take time

Cooperation between market forces will help the market stabilise, said Ali al-Naimi

Meraas reveals rainforest bio-dome attraction

Concept is claimed to be the first of its kind in the Middle East

Filipino fast food chain Jollibee to open 100 stores across the GCC by 2020

The company’s Dubai Mall outlet is its most financially successful restaurant worldwide

UAE may exceed 24% renewables target

Minister of environment and water suggests the target was ‘conservative’

Revealed: Top 10 most popular brands in the UAE

Dubai airline Emirates tops the list as brand ambassador Jennifer Aniston creates a marketing buzz

Abu Dhabi bank NBAD to invest $10bn in sustainable businesses

The amount will be used to finance environmentally sustainable projects over the next 10 years

Dubai on track to beat Co2 emissions target

Emirate had set a goal of cutting carbon emissions prior to the COP 21 agreement

World Economic Forum 2016: Who will be attending from the GCC?

The annual gathering of world leaders will take place later this week in Davos

Emirates NBD posts 39% rise in 2015 net profit on low impairment charges

The Dubai-based lender posted a 32 per cent drop in impairment charges

UN chief launches humanitarian financing report in Dubai

Ban Ki-moon unveils landmark report in presence of HH Sheikh Mohammed bin Rashid Al Maktoum