AJ Impact

Moody's devalues Saudi debt: Gulf distressed debt deals may rise

The credit ratings agency has cut its outlook for sovereigns and companies in the Arab world's biggest economy.

Moody's devalues Saudi debt: Gulf distressed debt deals may rise

AJ Impact

UAE at risk of landing on watchlist over money laundering

UAE will now be put under a year-long observation by the Paris-based Financial Action Task Force.

UAE at risk of landing on watchlist over money laundering

AJ Impact

Coronavirus wages: Bahrain to pay private sector salaries

The country also plans to pay the utility bills of people and businesses as coronavirus squeezes the regional economy.

Coronavirus wages: Bahrain to pay private sector salaries

Coronavirus pandemic

Dubai suspends marriages, divorces to curb spread of coronavirus

Move announced as 'measures to prevent spread of the pandemic' after emirate reports 2,659 infections and 12 deaths.

Dubai suspends marriages, divorces to curb spread of coronavirus

AJ Impact

UAE non-oil growth slumped in 2019, early figures show

Except for the hydrocarbon industry, UAE's economy expanded at the slowest pace since at least 2011: UAE Central Bank.

UAE non-oil growth slumped in 2019, early figures show

AJ Impact

Aramco IPO bids reach $44.3bn as retail offer closes

The Saudi government plans to raise more than $25bn by selling a 1.5-percent stake in the company.

Aramco IPO bids reach $44.3bn as retail offer closes

AJ Impact

Nigeria's ex-attorney general arrested in Dubai over oil deal

Interpol arrested Mohammed Adoke over $1.3bn oil deal as he was travelling to Dubai for a medical appointment.

Nigeria's ex-attorney general arrested in Dubai over oil deal

AJ IMPACT

Dubai loosens liquor laws as UAE alcohol sales slump

Economic downturn prompts new law that critics say can mislead tourists about Dubai's still-stringent laws on drinking.

Dubai loosens liquor laws as UAE alcohol sales slump

Dubai

Dubai stocks limp to end of worst year since financial crisis

Plunge in Dubai Financial Market Index was biggest among Arab bourses amid signs of slowdown in emirate's economy.

Dubai stocks limp to end of worst year since financial crisis

AJ IMPACT

Dubai stocks dive to 27-month low on real estate woes

The market has shed 12.5 percent since the start of the year as cash injections dropped sharply.

Dubai stocks dive to 27-month low on real estate woes

AJ IMPACT

Islam and cryptocurrency, halal or not halal?

The speculative nature of cryptocurrencies has triggered debate among Muslim scholars over its permissibility.

Islam and cryptocurrency, halal or not halal?

AJ IMPACT

Alibaba sues Dubai's Alibabacoin

Alibaba accused Alibabacoin of using its 'single-minded focus' to capitalise on plaintiff’s reputation.

Alibaba sues Dubai's Alibabacoin

Africa

Ethiopia to join Somaliland, UAE port development venture

Ethiopian government has taken a 19 percent stake in Somaliland's Port of Berbera.

Ethiopia to join Somaliland, UAE port development venture

Dubai

Waiting in the wings: Dubai's autonomous flying taxis

Pilot-less helicopter taxis are being readied in the Gulf emirate and could help free its heavily clogged highways.

Waiting in the wings: Dubai's autonomous flying taxis