Saudi evacuating its citizens from Wuhan as coronavirus spreads across China

The city of Wuhan, the epicentre of the virus, is currently under lockdown

Dr B.R. Shetty, Founder and Co-Chairman of Finablr, at the London Stock Exchange[2] copy

UAE-based BR Shetty’s fortune drops by $1.5bn since Muddy Waters attack

The family’s troubles began last month when Block’s Muddy Waters Capital issued a report criticising NMC’s accounts

Saudi-led investor group said to be in talks to buy Newcastle United

The investor group has reportedly shown intent to purchase the soccer team, owned by British billionaire Mike Ashley, for $445m

Why GCC telecom operators should be looking at gaming

The video gaming sector offers a major opportunity for telecom operators to diversify their business but it demands skill, patience and astute strategy

E-commerce paving the way for the future of retail and more

A special report on the state of the e-commerce industry in the region outlining its most recent innovations, challenges that lie ahead and the way forward

Dubai welcomes 16.73 million tourists in 2019

India, Saudi Arabia and the UK remained the emirate’s top source markets

Dubai reveals new holiday home regulation

Dubai Tourism Authority issues new guidelines for holiday homes sector

The new resolution, outlining rules for operators, homeowners and authorised tenants, has been developed to diversify the tourism sector in the emirate

EDITION Abu Dhabi hotel

Abu Dhabi’s EDITION hotel offers a comprehensive MICE space

There are over 1,500 sqm of private event space including three individual conference rooms

Damac sees Dubai property prices at ‘rock bottom’ as curbs work

In October last year, Damac chairman Sajwani had warned that the real estate slowdown could spillover to the city’s banks and called for curbs on construction

Dubai’s DIB completes Noor acquisition to create one of the world’s largest Islamic banks

Following the acquisition Dubai Islamic Bank has total assets exceeding Dhs275bn

UAE ‘completely free’ of new coronavirus – ministry

The coronavirus has killed at least 17 people and infected hundreds of others

Flydubai considering leasing options after further 737 Max delay

It has extended its wet lease agreement for four Boeing 737 NG aircraft till February 29 to increase capacity

UAE’s Al Nowais plans $500m renewable energy fund

According to Al Nowais, his company AMEA Power, will raise about $300m in initial funding within the next three months

Aramco international listing ‘still on the cards’ – minister

The oil giant raised $29.4bn in the world’s biggest-ever initial public offering, selling shares at 32 riyals each

senegal kuwait fund

Video: How the Kuwait Goodwill Fund is transforming communities in Senegal

As a result of concessionary loans made in Senegal, communities are thriving and supporting their country’s economy

How airlines and airports worldwide are dealing with deadly China virus

At least nine people have died and hundreds more have been infected, including the first confirmed case in the US

Lebanon gets new government after three months of protest

The newly appointed cabinet will have to act fast to address the country’s worst financial and economic crisis in decades

Saudi issues $5bn of bonds as regional tensions ease

Saudi Arabia’s fixed-income assets have been more resilient than those elsewhere in the Middle East

Private jet security Is full of holes, Ex-Nissan boss Ghosn proves it

Carlos Ghosn, ex-CEO of Nissan, was arrested and charged with financial crimes, and was facing trial in Japan when he fled the country for Lebanon

Dubai airline Emirates looking to hire cabin crew in the UAE

The airline will be holding a recruitment event in the country

Saudi Arabia kicks off three-part dollar bond offering

The kingdom last sold bonds in October when it raised a $2.5bn sukuk

Dubai developer Nakheel appoints new chairman

Mohammed Ibrahim Al-Shaibani will replace Ali Rashid Lootah, who has resigned from his role

Iran says Ukrainian jet was downed by two short-range missiles

The Tor-M1 missiles targeting the Kyiv-bound Boeing 737-800 jetliner were launched from the north

UAE site Bayt.com to grow its global workforce

Close to 500,000 daily visitors from the region access the job site to either look for jobs, to hire, or to find various career related content and tools

Dubai developer Nakheel’s chairman to step down – report

Ali Rashid Lootah was hired as head of the developer in 2010, replacing Sultan Ahmed Bin Sulayem

World’s 2,153 billionaires are richer than 4.6 billion people – Oxfam

The world’s richest 1 per cent have more than twice the wealth of the rest of humanity combined

Iran working on final step of reducing its nuclear commitments

According to the Ministry spokesman, Iran is working on the ‘last effective step’ to curb its nuclear activities

Dubai’s fuel delivery service Cafu expands to Oman

Oman remains the company’s first international market since it commenced services in the UAE in 2018

World’s least affordable housing market revealed

Hong Kong’s sky-high property prices have long been a source of contention in the city

Sharjah records real estate transactions worth Dhs24.2bn in 2019

A total of 61,357 transactions were recorded in 2019, rising 13.4 per cent in comparison to 2018