Nationalisation drive sees 50% of Saudi mobile shops up for sale

Companies in the industry must ensure half of their workforce is Saudi by Ramadan and 100 per cent by early September

Kuwait reduces fuel subsidy budget

Reports suggest the country will lift subsidies in July

Qatar buys Singapore tower for $2.5bn

QIA agrees to buy building in Singapore’s central business district from BlackRock Inc.

Modi pledges reforms to benefit Indian workers during Qatar visit

The Indian Prime Minister concluded his visit to Qatar yesterday

Saudi Central Bank bans betting against riyal peg

Kingdom’s stock market fell sharply on Sunday ahead of sweeping reforms

Al Habtoor Group plays down IPO reports

Yesterday Bloomberg cited the company’s chief executive as saying it had all the necessary documents to go public

UAE’s IT security spending is not enough – expert

IDC says 80 per cent of UAE firms lack IT security infrastructure

Ramadan: UAE fasting begins today

The country’s moon sighting committee confirmed fasting for the holy month will begin on Monday

Dubai Properties says first phase launch of Bellevue Towers sold out

The developer released 100 out of the total 300 units for sale

Debt warning after 20 Filipinos arrested in transit through GCC

Expats warned that a new passport would not protect debtors from detection

UAE non-oil sector up but job market still a concern

Emirates NBD’s PMI index increased but hiring was described as only “marginal”

Ramadan Q&As: Everything you need to know

Ramadan is expected to begin on Monday, June 6

Dubai mandatory health insurance deadline extended

Penalties will not be imposed on those who are not insured by June 30

UAE’s ENEC confirms unit one of nuclear plant over 84% complete

UAE nuclear energy body ENEC launches operating subsidiary

The new entity, Nawah, will operate and maintain Units 1 to 4 in Barakah

Saudi calls on Muslims to sight Ramadan crescent moon on Sunday

The first day of the holy month is expected to begin on Monday

Sheikh Khalifa leaves UAE on private visit

No details were disclosed about where Sheikh Khalifa was headed

Exclusive: HH Sheikh Ahmed on Dubai and Emirates

The airline’s chairman and chief executive explains how it has ‘challenged the historical norms’ of the aviation industry

Bankruptcy law under scrutiny as UAE woos start-ups

Existing legislation in the country means a bounced cheque risks landing the issuer in jail

UAE firms look to part time workers during economic uncertainty

Mums@Work is aiming to fill a perceived gap for part time staff in the emirate

UAE’s Alsayegh Media eyes regional and global expansion

The independent agency is eyeing Kuwait, Saudi Arabia and later London, New York and Scandinavia

New Dubai-Abu Dhabi highway set to open by year-end

Work on the Dhs 2.1bn project is 83 per cent complete

Abu Dhabi’s TAQA announces departure of COO

Edward LaFehrhe was the company’s highest ranking executive after the CEO position was made defunct

Open skies debate back as Qatar Airways launches Atlanta service

The airline has started a daily direct route between Doha and Atlanta

Dubai launches world’s largest concentrated solar power project

The 1000MW project will include five individual facilities

Saudi Binladin Group selling off property, other assets to pay workers

Workers reportedly protested outside Saudi Binladin’s offices again this week following non-payment of their dues

Saudi Arabia invests $3.5bn in Uber

The kingdom’s Public Investment Fund contributed the lion’s share of the tech companies recent $5bn funding round

Etisalat, du ordered to cap mobile data bundles

The UAE’s telecoms regulator said the move aims to protect consumers from ‘bill shocks’

Dubai bank Emirates NBD in Dhs 500m digital push

The lender will the invest the amount in its digital operations over the next three years

Majid Al Futtaim announces $8bn UAE expansion

The company plans to add malls, hotels, cinemas, restaurants, Carrefour hypermarkets and leisure destinations in the country in the coming years

Aramco, GE and Cividale reveal $400m Saudi manufacturing plant

To be operational in 2020, the facility will create 2,000 jobs in the kingdom