Different Arab money

GCC companies should start preparing for VAT, excise tax

New PwC report urges regional firms to ensure systems are in place for the new taxes

Investigators start analysis of damaged EgyptAir black boxes

Sources said it would require “lots of time and effort” to fix the black box recorders

Why the GCC’s future could lie in greater union

EY MENA chairman and CEO Abdulaziz Al Sowailim on how GCC countries are responding to oil price volatility

Small international banks begin entering Iran

The world’s big banks have continued to stay away because they fear being penalised by remaining US sanctions

Why public-partnerships are key for future GCC growth

PPPs allow investment in public infrastructure to be accelerated

Human

Cyber attacks from terrorists ‘just a matter of time’

In the first quarter of 2016 alone, there were 2.2 billion cyber attacks globally

Iran files complaint with ICJ to recover $2bn frozen in US

The assets held in New York are part of the Iranian bank’s foreign currency reserves

Egypt, Lebanon

EgyptAir crash: Wreckage found at sea

Flight MS804 crashed on May 19 killing all the 66 people on board

What the Microsoft-LinkedIn deal means for the Middle East

Microsoft announced a $26.2bn acquisition of LinkedIn earlier this week

Oil output freeze by Saudi, Russia to have 'miniscule' impact on oversupply

Global oil market will return to surplus in early 2017 – IEA

The agency said demand growth in 2017 is likely to be flat at around 1.3 million barrels per day

Powerful blast outside Beirut bank

There have been no reports of casualties so far

Iran says 80% of oil contracts with Europe are operational

Iran plans to sell 600,000 to 800,000 barrels per day to European buyers

Gulf states drop down Global Peace Index

Saudi Arabia fell from 95 in 2015 to 129 this year, while the UAE went from 49 to 61

Gulf investors hold back on UK property deals

The country’s looming Brexit vote means many are taking a wait and see approach

Gulf investors urged to hedge their bets as Brexit vote looms

The British pound could fall “perhaps sharply” if the UK votes to leave the European Union

UAE’s Aramex to sell Sydney courier unit to Australia Post

The logistics company acquired Sydney-based Mail Call Couriers in 2014

Peak oil demand expected after 2050, if prices stay under $100

New report by Bank of America Merrill Lynch says transport demand will determine peak

Saudi-Egypt causeway to enable 30 minute cross border travel

Plans for the crossing were revived during King Salman’s visit to Egypt in April

Oil up on Saudi, Russia meeting

Have low oil prices changed the GCC’s spending patterns?

Diversification remains the key element for GCC countries in the current climate

Iranians will be unable to perform haj this year

Iran has refused to sign a deal with Saudi for haj arrangements

Defence partnerships can boost economic and regional security

Regional governments should be prioritising defence industrial partnerships, writes Ivor Ichikowitz

Why GCC companies should implement job levelling

Regional companies can help their employees improve their career paths

Starz Play Arabia says ‘positive impact’ from rival Netflix’s launch

Online video streaming service Starz Play Arabia launched a year ago

Brexit debate comes to Dubai as expats urged to cast their vote

Representatives from both sides laid out their arguments to Dubai’s business community

Iran denies oil discount rumours

Iran has no plans to freeze oil exports, official says

A meeting of the OPEC exporters’ group, including Iran, is scheduled for June 2

EgyptAir crash: Submarine to be sent to look for remains

The crash of the Airbus 320 jet on Thursday killed all 66 people on board

ISIL calls for attacks in US, Europe during Ramadan

The message was revealed in a audio clip, purporting to be from Abu Muhammad al-Adnani

EgyptAir crash: Investigators say too soon to draw conclusions

Investigators are assessing material from air traffic control, aircraft and crew documents

EgyptAir crash: First images of debris released

The items found so far include parts of the aircraft marked EgyptAir

Flight data showed smoke alerts on EgyptAir jet before crash

CNN said it obtained the data through a screen grab from an Egyptian source