The kingdom was approved as a full member after almost four years as an observer, the Saudi Arabian Monetary Authority said
Stories by Staff Writer
driving ban
A year after lifting of driving ban, Saudi women savour new freedom
Until June 24 last year, driving would have been considered a crime in Saudi Arabia
Blue Point
Blue Point seals Royal Ascot sprint double for Sheikh Mohammed
Sheikh Mohammed said he wanted Blue Point to race again before going to stud
Emirati women
More women to be elected to Federal National Council under new ruling
UAE President issues resolution to raise women’s representation in the Federal National Council to 50%
Al Ain
Sheikh Mohammed approves $544m to improve Dubai-Al Ain road links
Dubai-Al Ain Road project will result in doubling the number of lanes from three to six lanes in each direction over a 17km sector
Arabian Business Awards
Grenfell Muslim response unit among Arabian Business London Award winners
The first ever Arabian Business London Awards took place in London on Friday
Abu Dhabi International Airport
Etihad warns of delays after suspending flights through Iranian airspace
Airline says it will use alternative flight paths on a number of routes to and from Abu Dhabi until further notice, causing delays
Bentley
Bentley’s Continental GT V8: a car created to be enjoyed
Bentley’s Continental GT V8 delivers automotive pleasure that is multi-sensory
Emirates Airline
UAE regulator urges airlines to review flight paths amid tensions
General Civil Aviation Authority says carriers need to avoid operating in areas ‘that could jeopardise civil aviation safety and operations’
Du
Young UAE footballers chosen for La Liga summer program in Spain
Du LaLiga High Performance Centre’s Summer Program aims to power the development of high-potential talent in the UAE
Chinese investors
Dubai FDI set to embark on China investment mission
New foreign investment mission takes place from Sunday as China maintains its position as Dubai’s biggest trading partner
At the Top in Burj Khalifa
Emaar, RTA team up to offer Dubai attraction discounts
Emaar and the Roads and Transport Authority to offer Dubai Metro users discounts at a number of top attractions
Baltic Exchange
Middle East oil shipping rates surge as US-Iran tensions grow
Rates for transporting 2 million barrel cargoes from Saudi Arabia to China has jumped to almost $26,000 a day
Bollywood
Female Emirati director to start Dubai horror movie filming
Dubai Film and TV Commission backs The Shadow, a horror film directed by Nayla Al Khaja
Business Bay
Damac set to launch new Dubai residential project
Prices for apartments in Zada in Business Bay will start from AED699,000, will be launched on June 29
#Jordan
Abu Dhabi fund finances $210m Jordan petroleum storage project
High-level delegation from Abu Dhabi Fund for Development attends inaugural ceremony of petroleum storage facilities project in Jordan
Jeddah
The future of retail in Riyadh, Jeddah, according to KPMG
New research says Saudi Arabia’s retail sector will witness exponential growth in coming years
Kuwait
Revealed: $494bn construction projects active in Kuwait
ProTenders research reveals top developers, the state of the construction industry in Kuwait
Islamic banking
Opinion: why the future is bright for sukuk investment
Over the past 15 years, Islamic bonds have recorded upward trajectory in terms of issuance
Arabian Travel Market
Meet me in Kerala: how to woo Gulf tourists to India
Rani George, Secretary of Tourism of Kerala, is wooing Middle East tourists and investors to the state’s palm-lined beaches, and looking at Dubai for guidance
BARE Fitness
Entrepreneur of the Week: Dylan Eiffe, CEO of boutique gym Bare
CEO of boutique gym Bare on why Dubai’s fitness sector is lagging behind many Western cities
British Airways
Emirates reroutes flights amid US-Iran crisis
Some of the world’s leading carriers suspend flights over the Strait of Hormuz amid escalating tensions between Washington and Tehran
luxury watches
Richard Mille’s wristwatch for winners
Richard Mille is a watch brand for trailblazers, championing the ideas of excellence, high performance, victory and brilliance. Peter Harrison, CEO of Richard Mille in Europe, Middle East and Africa, talks about being a disruptor in the watch industry
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Arabian Business Awards
Ayman Hariri, Mohamed Hadid among Arabian Business London Award winners
The first ever Arabian Business London Awards took place at a prestigious gala reception on Friday
China
Gold price hits near-six year high, breaks $1,400 barrier
Demand surges after the Federal Reserve indicated it would likely cut interest rates for the first time in a decade
car insurance
Average UAE car insurance premiums fall 9.5%
InsuranceMarket.ae says decline in car insurance premiums reflect a reduction in traffic accidents as well as increasing efficiency in insurance distribution
energy efficency
Rooftop solar panels to be fitted to 5,000 Emirati homes
Etihad Energy Services Company says to install 65,000 PV panels, 295,000 LED lights and 50,000 water savers at villas in Dubai
Mabrouk North East Line Pipe Procurement Project
Petrofac wins $75m pipeline project deal in Oman
UAE-linked oil services firm secures third project under a 10-year agreement with Petroleum Development Oman
AccorHotels
How hotel giant aims to drive room sales in Saudi holy cities
AccorHotels has launched its Accor Holy Destinations initiative, an alliance between all its properties in Makkah and Madinah
Emirati astronaut
UAE astronauts on countdown to first space mission
Emirati astronauts Hazzaa Al Mansoori and Sultan Al Neyadi undergo training with prime and backup flight crews in Russia
Dubai Hills Mall
Noodle House reveals expansion plan in the UAE
Asian soul food concept by JRG Dubai plans to open four new restaurants in Dubai and Abu Dhabi
Dr Hamad Al Shaikh Ahmad Al Shaibani
Dubai to host second World Tolerance Summit in November
World Tolerance Summit will be held in Dubai from November 14-16 with speakers from across the world
Ali Rashid Lootah
Dubai’s Nakheel in talks to explore Vietnam real estate potential
Madame Dang Thi Ngoc Thinh, Vice President of Vietnam, meets with Nakheel chairman to explore long term collaboration for real estate development
3D print
Sharjah says to build first 3D printed house by Q3
Sharjah Research, Technology and Innovation Park announces collaboration to build 3D printed house
Dubai
Revealed: how prime Dubai property prices compare globally
Report says Dubai remains the most affordable market of 10 cities analysed, just 15% of the average price in Hong Kong
Angelo Trocchia
Clear vision: Safilo CEO Angelo Trocchia
Angelo Trocchia, the Group CEO of leading Italian eyewear manufacturer Safilo Group, talks about boosting Middle East sales by combining global and local strengths
Al Adil Trading
Spice world: Indian billionaire Dr Dhananjay Datar
His life could easily be made into a Bollywood biopic complete with near-death experiences, film stars, fireworks, private jets and Rolls-Royces, but the ‘King of Spice’, Indian retail billionaire Dr Dhananjay Datar, is not finished writing the script just yet
Arabic series
Opinion: why Netflix is right, whether we like it or not
The streaming platform’s controversial Jordanian series Jinn has started a long overdue conversation about behaviours that do exist in our Arab society
Iran
Oil prices jump 6% as Trump says Iran made ‘very big mistake’
US President Donald Trump posts cryptic tweet after Iranian forces shot down a US spy drone
Deira Plaza
Architect picked to work on six major new Dubai projects
LWK+Partners will work on Hanging Garden Bridge, Sheikh Zayed Road Promenade, Sunset Promenade, Deira Plaza, Skypods and Umm Suqeim bridge
Abu Dhabi International Airport
Etihad Airways launches iFikra initiative to drive staff innovation
Etihad partners with Canadian start-up to develop platform which aims to unlock potential of airline’s workforce
Jebel Jais
Ras Al Khaimah hires new CEO to lead tourism charge
Raki Phillips, a hospitality veteran, has been announced as the new CEO of Ras Al Khaimah Tourism Development Authority
Abu dhabi tourism
Yas Waterworld set to launch summer night-time sessions
Yas Waterworld attraction will launch Neon Nights on Friday with glow-in-the-dark slides, silent disco and hydrojet shows
Arabian Business Awards
Arabian Business Awards set to debut in London
The Arabian Business London Awards on Friday will honour individuals from a variety of sectors from the UK
British government
UK gov’t to suspend Saudi arms export licences after court ruling
Britain made an ‘error of law’ in its decision to grant licences for the sale of arms and military equipment to Saudi Arabia
Abu Dhabi Commercial Bank
Revealed: how healthy is the UAE’s banking sector?
New research says UAE banks are generating healthy earnings despite tougher economic conditions in Q1
Arab cinema
Cinepolis reveals plan to open six Saudi cinemas by 2021
Largest cinema exhibitor in Latin America has announced the locations of six new movie theatres in Saudi Arabia
Ministry of Health - Saudi Arabia
Saudi Arabia seeks bids for first public-private healthcare project
Ministry of Health says project targets radiology and medical imaging services covering several hospitals in the greater Riyadh region
2019 Brand Intimacy Report
Retailers losing battle to connect with UAE customers
Consumer goods industry slumps in latest brand intimacy rankings for the UAE
BinDawood
Saudi retailer said to plan IPO of supermarket business
Sources say BinDawood Group has started preliminary work to list the holding company that manages its supermarkets and hypermarkets
data centre in abu dhabi
Tech giant Microsoft opens first data centres in the UAE
With new data centres in Abu Dhabi and Dubai, Microsoft’s global network has reached 54
desalination plants
Yemen rebels target Saudi desalination plant
Projectile struck near the plant in the Al-Shuqaiq area of Jizan late Wednesday – report
Indian economy
Logistics emerges as key PE fund target amid $1.1bn Indian investments
New report says logistics and warehousing seem to be the new real estate favourites for private equity funds
Abu Dhabi
Galleria Al Maryah Island launches ‘Our City Your Mall’ campaign
Brand View: Abu Dhabi’s super-regional mall expansion opening September 2019 releases community-led campaign ahead of the capital’s largest opening of the year
