UAE minister calls for calm in Yemen’s Aden after clashes break out

Clashes erupted between southern separatists and presidential guards in Aden on Wednesday

Saudi, Russia, Qatar and Venezuela agree to freeze oil output at Jan levels

China’s CNPC extends Oman oil production contract for 15 years

Production at the oilfield block reached 1.33 million tonnes in the first half of this year

Saudi Arabia to host world’s richest horse race in 2020

The Saudi Cup, which will be run over nine furlongs on dirt on Feb. 29, will award the winner $10m

Saudi, UAE send 540,000 tonnes of wheat to Sudan

The amount will cover basic food needs for three months

Bahrain, Manama, Cityscape view of Bahrain World Trade Center and Bahrain Financial Harbor

Bahrain’s Investcorp posts 5% rise in annual net profit

Investcorp is giving up its wholesale banking license in Bahrain to convert itself into a holding company

Sharjah announces free parking for Eid Al Adha

Public parking in the emirate will not be free on Arafat Day

Dubai businessman Khalaf Al Habtoor urges for end to Skype ban in UAE

The Dubai businessman also said reconsidering some of the fees will have a “positive impact on the economy”

Abu Dhabi’s ADNOC acquires stake in VTTI oil storage business

VTTI owns 15 terminals located at major hubs across 14 countries

Work progressing on mega Mall of Oman, says developer

The mall – expected to be one of the biggest in Oman – will open in March 2021

Abu Dhabi’s Etihad to fly Dreamliners to Jakarta, Maldives

The airline’s two daily services from Abu Dhabi to Jakarta will be operated on a year-round basis by a two-class Boeing 787-9

Dubai reveals events line-up for Eid Al Adha

Concerts and fireworks shows have been planned across the city

Saudi accuses 32 people of spying for Iran

Saudi ‘well positioned’ to face uncertainty in global economy – central bank

A potential rise in Saudi bank rates will also have limited impact on growth, the central bank said

Saudi, US energy ministers express concern over threats to maritime traffic in the GCC

Tensions have risen between Iran and the West since last year

Bahrain’s sovereign wealth fund appoints new CEO

Khalid al-Rumaihi replaces Mahmood Alkooheji, who was CEO since Mumtalakat was established in 2006

Saudi could host Formula One race by 2021 – report

The Middle East already hosts two races, at Sakhir in Bahrain and Abu Dhabi’s Yas Marina

Parking charges to rise across Dubai

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

All public paid parking zones will be free of charge throughout the four-day Eid holiday

Over 372,000 Emirates passengers to fly from Dubai airport during Eid weekend

The busiest time for departures in Terminal 3 will be on Friday, August 9

Expats in Kuwait ‘banned’ from fish auctions to curb price manipulation

The ministry had reportedly received several complaints that auctioneers – mostly expatriates – raise the fish prices

Abu Dhabi’s Kizad waives fees for 75% of its services

Fees for a “significant number” of the remaining services will also be reduced

UAE, Saudi condemn attack in Cairo which killed 20 people

An explosives-laden car intended for a militant attack blew up outside a cancer hospital in the Egyptian capital

Bahrain, Manama, Cityscape view of Bahrain World Trade Center and Bahrain Financial Harbor

Bahrain budget deficit narrows in first half of 2019

The kingdom said it is “well ahead of its projected deficit reduction schedule”

Global trade war rattles GCC stocks

Tumbling crude oil prices also affected the markets

Indian businessman Anoop Moopen receives UAE ‘gold card’ visa

The UAE launched the permanent residency scheme for expatriates in May

Saudi intercepts drones fired at ‘civilian airports’

Saudi has seen a rise in Houthi drone attacks in the past few months

Dubai among top 10 most ‘affordable’ major cities for prime residential property

In Dubai, prime property prices have fallen 20 per cent in the last five years, finds Savills report

Sheikh Mohammed pardons 430 prisoners to mark Eid Al Adha

The prisoners – of different nationalities – will be released from Dubai’s correctional and punitive establishments

UAE June consumer price index down 1.49% year-on-year

The decline in CPI has partly reflected the fading impact of last year’s introduction of a value-added tax

Temperatures in Saudi during Hajj expected to reach 50 degrees

Over 1.6 million pilgrims have already arrived in the kingdom to perform Hajj

Banque Saudi Fransi quarterly net profit down 4.4% on Islamic tax provision

The drop came despite a 2.5 per cent rise in operating income

Saudi to levy hefty fines on private firms that do not pay salaries on time

Fines will also be levied on companies that make their staff work for more than eight hours a day