UAE named top oil exporter to Japan in October

The UAE exported 32.24 million barrels of crude oil to Japan in October

Saudi coalition to free 200 houthis as Yemen peace efforts grow

The coalition will also enable flights in cooperation with the WHO to carry patients from Sana’a

Oman optimistic about peace agreement between Saudis, Yemen rebels

The US has also begun efforts to find a negotiated settlement to the conflict

Exclusive: OPPO’s new regional head on where the GCC smartphone market is headed

OPPO MEA’s recently appointed president, Ethan Xue, reveals how the brand is taking on the challenges in the crowded GCC smartphone market

Will 5G technology actually revolutionse the GCC telecoms landscape?

Telecom operators in the Middle East are going all-in on 5G. But is it really the future?

Bahrain bank, China firm create $50m venture capital fund for Middle East tech market

The fund – MEC Ventures – will invest across sectors such as e-commerce, fintech, and technology ecosystem enablers

ADIA hosts Africa Investment Summit in Abu Dhabi

The two-day event will include representatives from 22 countries, including seven African nations

New trade routes: Scramble for the Arctic

Thawing ice caused by climate change could lead to big changes for trade. But not everyone is warming to the idea

UAE’s Dana Gas collections increase 16.7% for first nine months

Collections worth $230m came in from its operations in Egypt, the UAE and Kurdistan region of Iraq

Indian companies created 854,234 jobs in Dubai – report

Dubai has issued licenses to 246,737 Indian businessmen to set shop, strengthening bilateral ties

Saudi-backed Yemen peace deal switches focus to ending wider war

An agreement was signed between the Southern Transitional Council and the Yemeni government in Riyadh

Iran adds advanced centrifuges in further weakening of nuclear deal

Iran has been scaling back its compliance to 2015 deal since May after US President Donald Trump unilaterally left the accord last year

New York’s Modus Capital launches $75m MENA fund targeting startups, SMEs

The fund will target early and growth stage firms across the region

How the Gulf can win the US-China geopolitics game

The UAE is viewed as a gateway for around 60 per cent of Chinese exports to the Middle East

Airbus working to secure 100-jet Air Arabia deal for Dubai Show

An order for 100 narrow-body A320neo-series aircraft from Air Arabia PJSC would be worth more than $10bn at list prices

Damac chairman purchases Roberto Cavalli

Vision Investment Company, controlled by the Damac chairman, purchased the Italian fashion house in a deal reportedly valued at €160m

UAE issues travel alert in wake of California blaze

Advisory issued especially for those in Brentwood, Bel Air and Pacific Palisades

IMF says Mideast markets twice as sensitive to global risk as emerging markets

The global outlook is that of lower growth and rising uncertainty, the IMF warned

Trump says ISIS chief Al-Baghdadi killed in US raid

No US personnel were lost in the operation, while “many” of al-Baghdadi’s fighters or companions were killed with him

HSBC to embark on job cuts across the MENA region in November

The global banking and markets and commercial banking units may bear the brunt of the reductions, sources said

Binance

UAE named largest fintech hub in the MENA region

A total of $237m has been invested in MENA fintech firms since 2015

Dubai-based Dragon Oil acquires BP stake in Gulf of Suez

Acquisition in line with its plans to grow regionally

Netflix to raise $2bn to fund content

The streaming company faces stiff competition from rivals

Hilton appoints new head for Middle East and Africa

Jochem-Jan Sleiffer replaces Rudi Jagersbacher, who has been heading the region for eight years

World Bank lowers Middle East growth projections for 2019

Growth in 2019 expected to be 0.6 per cent, down from previous estimate of 1.4 per cent

Arab League to hold emergency meeting as UAE, EU condemn Turkey’s Syria moves

An emergency meeting has been called for Saturday

Historic charter for Arab women’s rights launched

The Arab Charter on Women’s Rights enumerates 25 rights for Arab women, and is expected to be adopted by the Arab League

JPMorgan sees Middle East deal flow making up for lower fees

Investment banking fees in the Middle East are lower than in countries like the US

Beirut Airport claims 5G wifi

Claims service provided by Ogero is a regional first

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