The kingdom began its crackdown on illegal residents in November last year
Ahmed al-Khatib was appointed in 2016 as chairman of the General Entertainment Authority
The Emirates will deposit $1bn in Ethiopia’s central bank to ease a severe foreign currency shortage
The UAE Cabinet has also added an insurance scheme in place of bank guarantees when recruiting private sector workers
Growth was driven by increased output, which rose at the fastest pace in 40 months during May
FDI inflows shrank to $1.4bn in 2017 from $7.5bn in 2016
The new joint strategy was announced after the first meeting of the Saudi-Emirati Coordination Council in Jeddah
Sheikh Mohammed also ordered the creation of at least 10,000 jobs for Emiratis over the next five years
Positive sentiment in the non-oil private sector reached its highest in at least six years
The introduction of the tax has led to an increase in inflation,while PMIs have dipped
A total of 2,778,000 people were employed in the emirate last year
Further measures are needed in Bahrain to avoid a slowdown in economic growth, says official
New decree cancels fines imposed by the Department of Economic Development through the end of 2018
Non-oil economic activity grew by 3.1 per cent year-on-year in the first quarter
Apart from Dubai and Oman, the wealthy Gulf oil exporting states have minimal trade and investment links with Iran
However, monthly survey finds “strong and robust expansion” in business activity in Dubai’s private sector
The rate of growth of job creation dropped to its slowest since June 2017
Spending has been projected at Dhs51.4bn, a rise of 5.6 per cent from 2017
Saudi banks have reportedly frozen more than 1,200 accounts on the central bank’s instructions
The kingdom planned to eliminate the budget deficit by 2020
Created in May, Saudi Arabian Military Industries is backed by the Public Investment Fund
The project is being developed in the Umm Ramool area by DAFZA and wasl
The 26,500sqkm business and industrial zone will extend into Jordan and Egypt
Foreign musicians are also expected to perform at the festival
The 26,500 square km zone, known as NEOM, will focus on industries
The slump is a threat to Saudi’s ambitious economic reforms
Survey also finds that 63 per cent expect their family’s financial position to “improve” in the next six months
The country’s non-oil sector is expected to grow 3.5 per cent next year
Riyadh plans to sell about 5 per cent of Aramco in 2018, to raise money for reinvestment in non-oil industries
The new Egyptian capital is under construction in the desert some 45km north of Cairo