Kuwait credit rating cut for second time in two years by S&P

The sovereign credit rating was cut one level to A+ from AA-

Eid Al Adha: Abu Dhabi announces Covid-19 precautionary measures

Authorities have recommended avoiding social gatherings, and urged people to meet their families and friends virtually

In pics: Pilgrims arrive in Makkah for Hajj amidst strict Covid-19 guidelines

The pilgrimage will be restricted to 60,000 Saudi residents and citizens this year

Mubadala seeks over $20bn value for EGA in IPO

EGA is the Middle East’s biggest aluminium producer and is equally owned by Mubadala and Investment Corporation of Dubai

UAE says Covid-19 drug Sotrovimab resulted in ‘100% prevention of death’

The drug was administered to 6,175 high-risk patients with Covid-19 in Abu Dhabi between June 30 and July 13

OPEC+ to meet on Sunday to discuss oil output deal

If there is a deal on Sunday, it is unclear how quickly additional supplies can be delivered to the market

Covid-19: All the new Abu Dhabi guidelines that will take effect from July 19

The emirate has restricted movement between midnight and 5am daily and reduced operating capacity at malls, gyms and restaurants

Potential of UAE’s cloud-based manufacturing

A cloud computing model that is as dynamic and adaptable as it is cost effective is considered a true enabler

How an agitated state of mind leads to decreased productivity

With communication exponentially rising, managers end up discussing work, rather than focusing on doing work

Alan’s corner: How to make organisational change effective

Market dynamics can dictate the need for a restructure of your organisational chart

Fitch lifts Saudi Arabia’s outlook to stable as oil gives boost

The ratings agency expects the Saudi budget deficit to narrow to 3.3 per cent of GDP this year

Saudi Arabia’s vaccination rate spikes as deadline approaches

From August 1, vaccination will be required to enter government or private entities, educational facilities, malls and any entertainment or sporting activity

Covid-19 testing UAE

Covid-19: UAE reports 1,541 new cases, five deaths

Earlier this week, the UAE issued protocols for the Eid Al Adha celebrations to avoid the spread of Covid-19

Eid Al Adha: No toll, free public parking in Abu Dhabi during the holidays

Public buses will operate an additional 100 trips every day on main routes during the holidays

Qatar wealth fund builds regional hub in Singapore to diversify

The fund has vowed to invest more in Asia and the US as it pursues growth and diversification after years of substantial investment in Europe

UAE remains on UK’s red list in latest update

The UK added the UAE to its red list in January this year

Eid Al Adha: Free parking in Dubai, public transport timings revealed

The RTA has urged the public to plan their journeys ahead of time and arrive early in stations to avoid crowding and delays

Dubai regulator DFSA hits ex-Abraaj finance chief with record $1.7m fine

Abraaj, which was headed by financier Arif Naqvi, went into liquidation in 2018

Four-year-old child dies after being left behind in a bus in Ajman

The boy, who was left unattended for at least four hours after he fell asleep in the bus, died of suffocation

OPEC+ yet to reach an agreement on oil output deal – UAE

The UAE’s energy ministry issued a statement acknowledging that talks are underway

Mubadala satellite operator Yahsat jumps on debut, boosting Abu Dhabi IPO push

Mubadala sold 975.9 million Yahsat shares, representing a 40 per cent stake, for Dhs2.75 each

Dubai monitored by 300,000 cameras, one of the world’s safest cities – Sheikh Mohammed

A new initiative will see the use of drones by the Dubai Police to respond to criminal and traffic incidents across the city

Bahrain announces ‘orange alert level’ during Eid holidays to enforce restrictions

The kingdom will adopt the green alert level from July 16 to July 18

Kuwait opens first permanent LNG facility as it looks to boost gas imports

The Al Zour LNG terminal received its first cargo of gas, from Qatar, on Monday

Abu Dhabi updates travel green list with France, Seychelles and Canada among new additions

The green list now includes 35 countries, with 12 countries added and eight removed since the previous update

Qatar reopens to fully vaccinated international travellers with no quarantine

The decision will only cover travellers inoculated by vaccines approved by Qatar

Bahrain adds 16 countries to travel ‘red list’ including the Philippines, Indonesia

Only citizens and residents of Bahrain are permitted to enter from the red list countries

Covid-19: UAE issues Eid Al Adha protocols to avoid hike in cases during the holidays

Studies conducted by the health sector found a “significant” increase in the number of infections and deaths following the last three holidays

Sharjah announces free public parking for Eid Al Adha

Public parking will not be free on Arafat Day, which falls on Monday, July 19

Saudi automotive startup Speero closes $1.8m pre-series A funding round

Launched in 2017, Speero is a digital platform for automotive after-sales