Latest GCC News

Last Updated: Wed, Jul 1 2015 | 12:11 PM |
UAE's ADNOC reopens first service station after ENOC deal
Retail»

UAE's ADNOC reopens first service station after ENOC deal

Wednesday, 1 July 2015 4:11 PM

Al Dar service station in Sharjah is first to become operational under transfer of assets agreement

Oman central bank sets up Islamic banking department
Banking & Finance»

Oman central bank sets up Islamic banking department

Wednesday, 1 July 2015 2:46 PM

Step is expected to help further growth of the country's fledgling sharia-compliant finance industry

Falling oil price sees IPIC's profit drop by 29%
Energy»

Falling oil price sees IPIC's profit drop by 29%

Wednesday, 1 July 2015 2:35 PM

Abu Dhabi-owned investment company posts 30th consecutive year of profit despite $626m slump

Dubai's ENOC presses ahead with $2.7bn Dragon Oil takeover
Banking & Finance»

Dubai's ENOC presses ahead with $2.7bn Dragon Oil takeover

Wednesday, 1 July 2015 2:35 PM

Dubai firm publishes its offer document which gives Dragon shareholders until July 30 to agree to the terms

No new UAE visas without health insurance, says DHA
Healthcare»

No new UAE visas without health insurance, says DHA

Wednesday, 1 July 2015 2:35 PM

Dubai Health Authority officials link visa issuance with health insurance to ensure compliance

Two jailed in Qatar Foundation bribery case
Banking & Finance»

Two jailed in Qatar Foundation bribery case

Wednesday, 1 July 2015 2:35 PM

High-ranking staff jailed for five years after being arrested in 2014 in undercover police operation

Dubai named world's fourth most expensive hotel stay
Travel & Hospitality»

Dubai named world's fourth most expensive hotel stay

Wednesday, 1 July 2015 2:34 PM

Bloomberg index ranks emirate behind San Francisco, Geneva and Milan with average $255 cost of a night in hotel

Kuwait said to arrest two police officers in crackdown on militants
Culture & Society»

Kuwait said to arrest two police officers in crackdown on militants

Wednesday, 1 July 2015 2:34 PM

Security crackdown launched after last week's deadly bombing on a mosque claimed by ISIL

Prince Alwaleed to give entire fortune to charity
Banking & Finance»

Prince Alwaleed to give entire fortune to charity

Wednesday, 1 July 2015 2:06 PM

Saudi billionaire, the world's richest Arab with $32bn, makes historic announcement during Ramadan

5
World’s largest ferris wheel takes shape in Dubai
Construction»

World’s largest ferris wheel takes shape in Dubai

Wednesday, 1 July 2015 12:44 PM

210m-high Dubai Eye will overtake the new High Roller in Las Vegas and will be part of the $1.6bn Bluewaters Island development, off the coast of Dubai’s Jumeirah Beach Residence

Dubai sovereign wealth fund sees profits surge 62%
Banking & Finance»

Dubai sovereign wealth fund sees profits surge 62%

Wednesday, 1 July 2015 11:57 AM

Investment Corporation of Dubai, which has holdings in Emirates Airline, Emaar and Emirates NBD, reports 2014 profits of $7.75bn

Apple Music now available in UAE
Gadgets»

Apple Music now available in UAE

Wednesday, 1 July 2015 11:31 AM

Streaming service also available in Saudi, Oman and Bahrain, but not as yet in Qatar or Kuwait.

Oil prices down over 1% on Greek default
Commodities»

Oil prices down over 1% on Greek default

Wednesday, 1 July 2015 11:16 AM

Athens gov’t not able to repay $1.7bn loan repayment owed to IMF

Paris Hilton ‘mulls legal action’ over Dubai plane crash prank
Arts»

Paris Hilton ‘mulls legal action’ over Dubai plane crash prank

Wednesday, 1 July 2015 11:05 AM

The heiress was “pranked” by Egyptian TV show host Ramez Galal while on a recent visit to the emirate

6
10-15 European countries asked Emirates to provide transatlantic services
Transport»

10-15 European countries asked Emirates to provide transatlantic services

Wednesday, 1 July 2015 9:37 AM

Sir Tim Clark says fifth freedom connections are not a priority but “we might do one or two”


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UAE private sector working day to be cut by 2hrs during Ramadan

UAE private sector working day to be cut by 2hrs during Ramadan

There will be no reduction in wages as a result of shorter hours, the Ministry of Labour announced...

UAE announces Ramadan working hours for the public sector

UAE announces Ramadan working hours for the public sector

Holy month is likely to start on June 18, with gov't employees working 9am to 2pm

InPics: WEF MENA 2015 in Amman

With the theme 'Creating a Regional Framework for Prosperity and Peace through Public-Private...

Jordan's king reveals $20bn investment opportunities at summit

Jordan's king reveals $20bn investment opportunities at summit

King Abdullah II says projects will be delivered via public private partnerships; part of new...

Gulf blue chips commit to training 49,000 young people

Gulf blue chips commit to training 49,000 young people

Prominent firms stump up support for new youth unemployment target for WEF’s Regional Business...

Former UK PM says infrastructure is key to MidEast prospects

Former UK PM says infrastructure is key to MidEast prospects

Gordon Brown says public-private partnerships needed to drive urgently needed infrastructure...

Gulf businessmen call for shake-up to cut youth unemployment

Gulf businessmen call for shake-up to cut youth unemployment

Aramex chief Fadi Ghandour says youth unemployment is biggest challenge and biggest opportunity...

King's changes make Saudi policy less predictable

King's changes make Saudi policy less predictable

Riyadh's new rulers enjoy more scope to make dramatic and unexpected interventions than their...

Nepal: Ways to help earthquake victims

Nepal: Ways to help earthquake victims

Organisations seeking donations to help provide relief to thousands of victims

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