The agreement includes a $6bn deal between Saudi Aramco and Korean firm S-Oil
Ecotourism incentives, SME loans and instant licences are among the new initiatives
Real estate, leasing and business services accounted for 35 per cent of the new licences issued in May
While prices for housing, water, electricity, gas and fuel fell, prices for food and drinks and education rose
Dubai’s DED issued 9,489 business licences between January to April, up 35 per cent year-on-year
Employment growth continued to remain marginal in May
The expected deals will be in sectors that include rain silos, medical and shipping services
It seems more likely than not the downturn will deepen in the next six months unless action is taken to turn it around, writes Reuters columnist John Kemp
Although both new orders and business activity increased, employment and salary growth remained broadly unchanged
The kingdom’s economy grew by 2.2 per cent in 2018, compared to a decline of 0.7 per cent in 2017
Economic growth from the oil sector is expected to be 2.7 per cent, against 2.8 per cent last year, because of lower production
The move covers services provided by the ministries of Interior, Economy and Human Resources and Emiratisation
Dubai was one of the worst-performing markets globally last year, but has rebounded somewhat this year
Housing, water, electricity, gas and fuel prices were down 7.8 per cent from a year earlier
The government has been preparing the debt sale for quite some time
Saudi Arabia, Kuwait and the UAE agreed last year to give Bahrain $10bn to support the country’s funding requirements
Bahrain has had to introduce austerity measures in recent years such as VAT and higher water and power prices
The fund has been set up as part of the Abu Dhabi government’s Dhs50bn stimulus initiative Ghadan 21
Despite an increase in new orders, hiring remained stagnant in April, finds monthly index
Revenues were boosted by both the kingdom’s oil and non-oil sectors
The non-oil sector is expanding faster than the wider economy
The pace of recovery should accelerate in 2020 and 2021 compared with this year – analyst
Saudi Arabia plans to increase state spending by 7 per cent this year
Credit growth accelerated in the first quarter at its fastest pace in more than two years
Property rental prices are falling in the kingdom as a result of job losses in the market
Recently announced stimulus policies and investments are also set to help the economy
The emirate received Dhs38.5bn ($10.5bn) in FDI capital flows last year
A delegation including the Saudi energy and investment ministers arrived in Iraq on Wednesday
Kuwait, along with Saudi Arabia and the UAE, pledged $10bn in financial aid to Bahrain last year
Fourth-quarter gross domestic product grew by 3.59 per cent from a year earlier