Complex Made Simple

Daily brief: Dubai to grow desert tourism, oil prices fall

Dubai’s Department of Tourism and Commerce Marketing announced updates to its desert tours regulations, part of efforts to enhance the emirate’s popular desert experiences. Here are the top seven stories you need to know today.


Zain Bahrain enters joint venture with YOYO

Mobile telecom company, Zain Bahrain, has announce a joined venture with Turkish digital startup YOYO, to bring a car sharing club model to Bahrain, and further expand Zain’s regional footprint in MENA.


Islamic finance body seeks to update guidance on murabaha contracts

The Bahrain-based Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) is conducting a wide review of its standards to encourage convergence of industry practices and increase the consumer appeal the sector.


(IMF eyes Islamic finance stability, warns of hybrid risks)


Iran and Azerbaijan to join railways as part of freight route

Iran and neighbouring Azerbaijan agreed on Sunday to work towards completing their portion of a planned freight railway route from Europe to South Asia, Iranian state media reported.


Abu Dhabi Airport set to be among world’s largest by 2019

Abu Dhabi International Airport will be one of the largest state-of-the-art airports in the world, with a capacity to accommodate 30 million passengers per year by 2019, said H.H. Sheikh Hazza bin Zayed Al Nahyan, Deputy Chairman of Abu Dhabi Executive Council, following a tour of the Midfield Terminal Building (MTB) on Sunday.


(Abu Dhabi Airports to invest in redeveloping Seychelles airport)


UAE Government launches National Year of Giving Strategy

The National Strategy of the Year of Giving seeks to institutionalise humanitarian and charity work in the UAE through laws that govern giving in all its forms and levels, identifies its mechanisms and directs its channels, in a way that ensures the sustainability of these efforts.


Dubai Tourism optimises desert tour regulations to grow sector

Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism) has announced updates to the Desert Tour & Camp regulations first introduced in May 2016. The revisions are intended to further enhance the emirate’s popular desert experiences, elevating the sector’s standards and bolstering Dubai’s reputation as an adventure hub with a distinct and diverse offering.


(New projects to strengthen Dubai’s realty sector)


Oil falls on over China, Russia

Oil prices fell in Asian trade on Monday, wiping out some of the gains of the previous session amid worries lower growth targets in China could cut oil demand and ongoing concern over Russia’s compliance with a global deal to cut oil output.


(With Reuters)