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Sharjah Crown Prince, deputy ruler and Sharjah Executive Council chair Sheikh Sultan Bin Mohammed Bin Sultan Al-Qasimi inspected the House of Wisdom on 15 June. 

The Ministry of Commerce, Industry and Investment Promotion announced on 23 June it will start offering long-term residence visas to foreign investors, following the lead taken by the UAE and Saudi Arabia. 

Minister of state Sheikh Shakhbout Bin Nahyan Al-Nahyan went on a “virtual tour” of sub-Saharan African countries from 8-15 July, seeking to boost co-operation over Covid-19 and wider political, economic and cultural issues. 

Having built up a list of local construction firms working on the giga-projects, GSN has analysed the shareholding records for several contractors, using data provided by Diligencia in a partnership to help sharpen understanding of those involved. It shows that the companies most heavily involved are often decades old, with the exception of Saudi Real Estate Infrastructure Company (Binyah). They are mainly in private hands (Red Sea International is an exception) and often held by generations of the same family.

The Red Sea Development Company (TRSDC) awarded a joint venture of Nesma & Partners and Almabani General Contractors an estimated $240m contract for the airside infrastructure works for the Red Sea Project’s airport.

A fire at an Islamic Revolution Guards Corps (IRGC) research centre in the west of Tehran on 26 September killed two people.

Qatar and the UAE were both elected to the United Nations Human Rights Council (UNHCR) on 14 October, to serve for a three-year term starting on 1 January 2022.

Dubai-based Mashreqbank has agreed to pay $100m in penalties to the New York State Department of Financial Services to end an investigation into its violation of sanctions targeting Sudan.

Jazeera Airways signed a deal with Airbus for 28 new A320 and A321 aircraft with a list price of $3.3bn.

Oman’s largest renewable energy project began operating on 24 January.

First Abu Dhabi Bank (FAB) made a non-binding offer on 9 February to acquire a majority stake in Egyptian investment bank EFG Hermes.

Federal Prime Minister and Dubai Ruler Sheikh Mohammed Bin Rashid Al-Maktoum held talks with Turkey’s President Recep Tayyip Erdogan at the site of the Expo 2020 fair in Dubai on 15 February.

Abu Dhabi National Oil Company (Adnoc) and Austria’s Borealis are considering a potential initial public offering of a minority stake in their plastics joint venture Borouge.

Dubai Electricity and Water Authority (Dewa) almost tripled the size of its initial public offering (IPO) on 30 March from 6.5% to 17% of its equity.

Abu Dhabi National Oil Company (Adnoc) said on 29 April it had bought a 25% stake in petrochemical company Borealis from fellow Abu Dhabi entity Mubadala. Austria’s OMV retains its 75% stake in Borealis (Mubadala also owns 25% of OMV).