JadoPado receives $4m funding from Beco Capital, to introduce COD option

The e-commerce firm expects to have up to 20,000 vendors selling 200,000 products on its platform over the next 18 months

GE opens new aviation tech centre in Dubai as part of industrial internet push

The new centre began operations three weeks ago and will work on developing localised digital solutions for airlines

Oil prices will not hit $100 per barrel anytime soon – former Qatar energy minister

Higher oil prices don’t always benefit producers or consumers, says Abdullah Bin Hamad Al-Attiyah

Standard Chartered appoints Wynter as UAE head

Julian Wynter was group head of internal audit for the lender and has also held country head roles in Malaysia and Japan.

UK begins work on first permanent military base in Bahrain

The military base, constructed at a cost of $23m, will be completed next year

UAE private sector holidays for Martyrs’ Day, National Day revealed

Private sector workers will get Wednesday, December 2 and Thursday December 3 as paid holidays

Dubai’s Al Habtoor to sell stake in CIMIC construction joint venture

Habtoor Group is planning to focus on its 100-per cent-owned assets including hotels, real estate and schools as part of its strategy

NCB Capital funds buy majority stake in major Saudi publisher

The new investors do not plan any changes to the overall “strategy of the company and have no plans to buy rest of the outstanding shares,” a statement said

NCB Capital funds buy majority stake in major Saudi publisher

The new investors do not plan any changes to the overall “strategy of the company and have no plans to buy rest of the outstanding shares,” a statement said

Dubai’s Al Habtoor to sell stake in CIMIC construction joint venture

Habtoor Group is planning to focus on its 100-per cent-owned assets including hotels, real estate and schools as part of its strategy

Top 10 areas in Dubai seeing the highest inflow of residents

Dubai Marina, Jumeirah Village and Downtown Dubai were among the most popular areas for residents

Emaar’s Jan-Sept net profit up 16%, Dubai sales drop 28.5%

The government-owned builder’s net profit rose 31 per cent during the third quarter of this year despite the sales slump in its home market

Dubai’s property deal values reach Dhs 186bn in nine months of 2015

There were around 33, 907 transactions within the first nine months of 2015, a new report shows

Prince Alwaleed’s Kingdom Holding to sell Asharq al-Awsat publisher for $223.3m

Kingdom Holding did not disclose the identity of the buyer

Etihad expands Saudi network through codeshare partner flynas

Saudi carrier flynas will begin a new five-times-per-week service between Riyadh and Abu Dhabi from December 16

Emirates, flydubai stop flying over Sinai peninsula after Russian plane crash

The crash on Saturday killed all the 224 people on board

Nakheel to build new beachfront resort in Deira Islands

The company is building a 550-room resort and a water park in partnership with Thailand-based Centara Hotels and Resorts

Saudi deficit this year is “manageable” says foreign minister

The statement comes as Standard & Poors cut its ratings for Saudi Arabia’s long-term foreign and local currency sovereign credit by one notch to ‘A-plus/A-1’

Saudi Arabia slams S&P decision to downgrade its debt

Standard & Poor’s cut its ratings for Saudi Arabia’s long-term foreign and local currency sovereign credit

Iran threatens Arabs as much as ISIL says Bahrain

Bahrain’s Foreign Minister said that the Houthi militia can have a future in Yemen if it disarms

Saudi cabinet defers decision on 40-hour work week

The ministry said the cabinet had delayed its decision in light of feedback from business owners

Death toll in Saudi haj disaster at least 2,070

The figure is based on information provided by the state and religious authorities and local media reports in the home countries of the victims

Exclusive: Dubai Duty Free’s Colm McLoughlin on building a successful business

Having been in his post since 1984, executive vice chairman Colm McLoughlin talks about the leadership and innovation necessary to create an efficient business

Saudi’s tourism industry banks on niche market for growth

As other regional economies target the mass market, Saudi Arabia is banking on religious travellers and staycationers to grow its tourism industry

Saudi blogger Raif Badawi wins EU’s Sakharov rights prize

Badawi has been sentenced by a Saudi court to 1,000 lashes and 10 years in jail for insulting Islam and for cyber crime

Iranian visitor numbers to Dubai up by 41% in 2014

Dubai also saw a growth in visitors from China while tourists from Russia and Germany slumped last year, a report says

Saudi advisory council to discuss land tax, MSCI inclusion

The Shura Council advises the government on legislation

Auditors, HR professionals in UAE to see highest salary rises in 2016

Average salaries for professional occupations are set to rise by 1.7 per cent next year, finds Robert Half report

Abu Dhabi airport passenger traffic up 18% in nine months of 2015

The airport saw the steepest growth in passenger traffic from the US routes, with a 44 per cent surge in travellers

Saudi foreign assets fall to their lowest since 2012

Net foreign assets at Saudi Arabia’s central bank fell 1.2 per cent from the previous month in September