Baby dies in Dubai villa fire

The baby was sleeping in her room when the blaze broke out in the house in Al Barsha 3 on Sunday

Kuwait 2018/2019 budget deficit narrows on higher oil prices

State revenue was KD20.5bn in the year to March 31, 2019, compared to the KD15bn that had been projected

Abu Dhabi’s Etihad to launch fourth daily service to London

The new service will launch in October to meet growing demand on the route

Saudi’s ports authority issues licence to Maersk to operate in all ports

Maersk currently has shipping services to the ports of Jeddah, King Abdullah, Dammam and Jubail

Abu Dhabi’s Mubadala says assets grew by 80% to $229bn in 2018

The results are the first since Abu Dhabi Investment Council (ADIC) joined Mubadala last year

Saudi to ban recruitment of expats in several hospitality jobs

The kingdom has implemented a strict Saudisation policy in several sectors

Abu Dhabi Commercial Bank Q2 profit falls 11% on lower income

This is the first combined proforma financials after ADCB merged with Union National Bank and Al Hilal Bank

Oman not mediating in resolving regional tensions

The sultanate said it is in contact with “all parties” in order to maintain stability in the Strait of Hormuz

Saudi King Salman’s brother, Prince Bandar, passes away

Prince Bandar was the tenth son of Saudi’s first ruler King Abdulaziz Al Saud

Saudi to start next phase of flour mill privatisation

The sale is one of the first privatisations the kingdom is planning

Saudi embassy in Netherlands warns tourists of burqa ban, which takes effect this week

The ban will cover hospitals, government departments, schools and public transport in the Netherlands

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SABIC Q2 net profit plunges on lower contribution from associates

The results came after Swiss firm Clariant, in which SABIC owns a 25 per cent stake, announced a loss for the first half of the year

Astronomers predict start of Eid Al Adha

The UAE has already announced the holidays for the public and private sectors

Dubai launches ferry service to Sharjah

The ferry will operate 42 journeys (21 in each direction) everyday

Saudi aims to expand pipeline to reduce oil exports via Strait of Hormuz

Oil importers “have to do what they have to do to protect their own energy shipments”, said Saudi energy minister

Bahrain executes three men in two separate cases

Two of them were convicted for crimes including using an assault rifle to kill a police officer in 2017

UAE residence visa

New UAE work permit launched for men on family sponsorship

Previously, work permits were only granted to women sponsored by a parent or spouse

Oman issues $3bn bonds in its first foray in the international debt markets this year

Investors made orders worth nearly $14bn for the long five-year bonds

Building the court of the future in Dubai: Amna Al Owais on leading DIFC Courts

From tech developments to international relationships, DIFC Courts has grown significantly in recent years

Saudi Aramco’s talks with India’s Reliance for refinery stake have ‘not stalled’

Saudi Arabia’s energy minister Khalid al-Falih said he was ‘optimistic’ that a deal between the two companies would work out

How the GCC can be ready for the personalised medicine wave of the future

Personalised medicine can have significant health and financial impacts in the region

Saudi sovereign fund PIF to cut banks’ returns with new $10bn loan

PIF raised $11bn through a five-year loan last year and is in advanced talks to borrow $10bn more

UAE expat racks up over Dhs1.1m in traffic fines

The 31-year-old committed 106 traffic violations over the span of one year

Saudi energy minister calls on buyers to secure oil shipments in Hormuz

About 20 per cent of global oil supply is transported daily through the Strait of Hormuz

Filipino expat in UAE jailed for 10 years, fined Dhs2m for joining ISIL

The 35-year old will be deported after serving his sentence

Abu Dhabi confirms that four road toll gates will be operational from October

The toll fee will be Dhs4 for every pass during peak hours from Saturday to Thursday

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Swiss firm Clariant, Saudi’s SABIC halt talks to form chemicals venture

The firms have been working to combine Clariant’s additives and specialty masterbatches businesses with parts of SABIC’s operations

First official house sales and rental price index set to launch in Dubai

The first edition of the index called ‘Mo’asher,’ will be unveiled during the third week of September

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

Kuwaiti, Saudi officials discuss resuming Neutral Zone oil production

The two countries halted output from the jointly run oilfields – Khafji and Wafra – more than four years ago

UAE, Indonesia firms sign agreements worth $9.7bn

The deals were signed during a visit by Abu Dhabi Crown Prince Sheikh Mohamed bin Zayed to Indonesia