Revealed: The world’s best workplaces

Several companies with significant UAE and Saudi Arabian operations make the list

Dubai’s non-oil foreign trade surges in first half of 2019

Non-oil foreign trade is up five per cent compared to the same period in 2018 – and 87 per cent since 2009

UAE private sector added 40,000 new jobs in Q2

The total number of private sector workers in the country grew to 5.1 million in the second quarter of 2019

Saudi non-oil growth fastest since 2015 as private sector heals

Non-oil gross domestic product expanded almost 3 per cent in Q2

Saudi weighs selling dollar sukuk as soon as October

Saudi Arabia has raised $10.9bn on international markets so far this year

Abu dhabi uae capital flag

UAE to hike 2020 federal budget by 2%

The general federal budget for 2019, at Dhs60.3bn, is the country’s largest ever

Revealed: The most in-demand jobs and skills in the UAE

Bayt and YouGov reveals sales managers, sales executives and marketing executives lead the way

Saudi rating affirmed by S&P after oil attack

S&P kept the sovereign assessment at A-, on par with Malaysia and Malta

Bahrain taps bond market for first time since $10bn bailout package

The issuance comes amid a sudden surge in debt sales by frontier and emerging sovereigns

Saudi to waive expat fees for industrial companies

Since January 2018, businesses have been required to pay fees for foreign workers they employ

Iraq joining China’s Belt and Road initiative

PM announces Iraq will be a party to Belt and Road projects during a meeting with Chinese president Xi Jinping

Revealed: Top 10 nations for remittances from the UAE

Remittances from the UAE surpassed Dhs80bn ($21.78bn) in the first half of 2019

Global economy slipping to weakest growth in a decade – OECD

Governments are not doing enough to prevent long-term damage, the OECD said

Lebanon needs to implement reforms needed for Saudi aid to exit debt trap

Without outside assistance, Lebanon, which has a debt-GDP ratio of more than 150 per cent, may struggle to avoid a default

Revealed: The world’s most diverse and inclusive organisations

Many of the leaders have a significant presence in the Middle East

Saudi prepared to inject liquidity if needed: Governor

Saturday’s strikes on Aramco facilities slashed Saudi Arabia’s crude output by half

Mubadala and ACWA Power reportedly building a $891m water desalination plant

Commercial operations at the plant in Taweelah are expected to begin in Q4 2022

IMF says Saudi needs a tighter fiscal policy

The IMF also reiterated that diversifying the economy is needed to create more jobs for Saudi citizens

Bahrain emerges as top Middle East destination for expats – survey

Latest InterNations Expat Insider Survey of 64 different countries also ranks Kuwait last

More UAE workers feeling less secure in jobs – survey

More than three-quarters of respondents expect to keep their jobs, however

UAE forms committee to implement Sheikh Mohammed’s letter

Sheikh Mohammed’s letter addressed issues pertaining to the economy and Emiratisation

Oman’s National Gas Company terminates CEO

Oman’s year to date budget deficit at around $1.7bn

The budget deficit is down 53 per cent on an annual basis

Saudi Arabia sells SAR2.3bn in sukuk monthly issuance

The debt sale was split into three tranches

Revealed: The Middle East’s most popular brands

Emirates leads the way in the UAE for the third year in a row

Islamic New Year holiday for UAE public and private sectors announced

The holiday is expected to fall on September 1, though it is subject to the moon sighting

New Dubai business licences up more than a third in H1

Women were granted 12 per cent of the new licences

Saudi, UAE want to invest in Lebanon, says PM Hariri

Saad al-Hariri said talks were under way with Riyadh on some 23 economic deals

Dubai businessman Khalaf Al Habtoor urges for end to Skype ban in UAE

The Dubai businessman also said reconsidering some of the fees will have a “positive impact on the economy”

Bahrain, Manama, Cityscape view of Bahrain World Trade Center and Bahrain Financial Harbor

Bahrain budget deficit narrows in first half of 2019

The kingdom said it is “well ahead of its projected deficit reduction schedule”

UAE June consumer price index down 1.49% year-on-year

The decline in CPI has partly reflected the fading impact of last year’s introduction of a value-added tax