UAE: Weeks of talks fail to resolve Dana Gas sukuk dispute, say sources

Weeks of talks between UAE energy firm Dana Gas and some local holders of a disputed $700m sukuk have failed to reach an agreement, sources told Reuters, leaving a potentially protracted legal battle as the only available option for now.

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Bahrain-Palestine trade ties discussed

Bahrain Chamber of Commerce and Industry (BCCI)'s Chairman Khalid Al Moayed has received a Palestinian business delegation headed by the chairman of Jericho Chamber of Commerce, Tayseer Hameeda, in the presence of the Palestinian ambassador to Bahrain Taha Mohammed Abdulqader.

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Saudi Shoura members demand committee to address gender pay gap

Members of Saudi Arabia’s Shoura council have reportedly demanded the formation of a supervisory committee to address the gender pay gap in the kingdom.

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Saudi British Bank’s Mulhem released from corruption probe

Prominent Saudi Arabian businessman Khalid Bin Abdullah al-Mulhem has been released after being detained for more than two months, sources told Reuters on Tuesday.

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Oman introduces new taxes, fees in Muscat

Muscat Municipality has announced plans to introduce new fees and taxes for individuals and businesses based in the Omani capital. The plans, which come into effect in February, include an up to 2 per cent increase in electricity prices based on usage, according to state-run Oman News Agency.

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