Over 12m people visit Riyadh Season in 60 days
RIYADH, SAUDI ARABIA - Two months after their launch, on October 11, 2023, Riyadh Season events had already attracted 12...
Arts & Culture
Sheikh Hamdan issues resolution regulating single-use products in Dubai
DUBAI, UAE - Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive...
Geostrategy
Business
Petrobras names new CEO
Jose Mauro Coelho was appointed to the post for a one-year term.
- Jose Mauro Coelho is the third Petrobras CEO in just over a year after President Jair Bolsonaro fired his predecessors in a standoff over fuel prices
- He was the government's choice to succeed Joaquim Silva e Luna, who was ousted by Bolsonaro last month after slightly more than a year in the post
Business
Dubai records realty transactions worth $463m on Thursday
The Dubai real-estate market recorded total realty transactions worth over AED1.7 billion ($463 million) on Thursday, April 14.
- The transactions included 331 sales worth AED1.24 billion ($337.64 million), the DLD data showed
- They are also said to have included 77 mortgage deals worth AED390.84 million ($106.42 million)
Business
Abu Dhabi to host World Utilities Congress in May
Abu Dhabi will host World Utilities Congress in May, bringing together more than 10,000 global utilities professionals to explore topics...
- The World Utilities Congress will be held under the patronage of Sheikh Khaled bin Mohammed bin Zayed Al Nahyan
- The digitalization of the utilities sector will be delved deeper into at the conclave, with a dedicated strategic panel on Digital Transformation and Technological Innovations
Economy
UAE’s Federal Tax Authority launches tax whistleblower program
UAE’s Federal Tax Authority (FTA) has announced the launch of Raqeeb, the whistle-blower program for tax violations and evasion, which...
- Effective from April 15, 2022, Raqeeb allows the Authority to receive reports from individuals on tax evasion cases, tax-related fraud, and violations of tax legislation.
- It also allows the Authority to verify the reports and grant monetary rewards to informants when certain conditions are met.
Business
Ajman Free Zone becomes Amazon Web Services Activate Provider
Ajman Free Zone (AFZ) announced today that it has become an AWS Activate Provider. Startups affiliated with the AFZ, which...
- The AWS Startup Activate program offers grants up to $25,000 to qualified startups, as well as offers of exclusive credits, discounts, and software service access.
- Qualified startups can obtain credits and partner funding, along with a business support plan credits of up to $5,000, through the AWS Startup Migrate program.
Business
Sandooq Al Watan to fund Lune with $68,000 for its innovator program
Sandooq Al Watan, the community initiative launched by Emirati businessmen to support the creation of a better future for forthcoming...
- Sandooq Al Watan, the community initiative launched by Emirati businessmen to support the creation of a better future for forthcoming generations.
- Lune Platform features an intuitive and easy-to-use control dashboard, designed to give users a comprehensive view of their customers’ financial accounts.
Business
Economic freedom, effective governance key to attract FDI: AMF
The study calls for the stability of the business environment by reforming relevant laws.
- The study calls for the stability of the business environment by reforming relevant laws
- The regulatory quality index outperforms all other factors in attracting investment
Economy
Unvaccinated citizens can travel if they present negative PCR: UAE
The UAE will allow unvaccinated individuals to travel on April 19 if they present a negative PCR test result taken...
- Unvaccinated individuals aged under 16 is exempt from presenting a negative PCR test result upon arrival
- The policy is aimed at achieving sustainable recovery and the return to normalcy to boost the economy
Business
Jordan and Turkey’s Solvest company sign MoU to mine copper
Jordan and Turkey will jointly mine copper in Abu Khashaba Canyon and Ghor Fifa in Southern Jordan. Jordan’s Ministry of...
- The mining project will be implemented on a 20-km² plot of land after studies had shown large and concentrated quantities of copper ore.
- During the MoU's one-year period, the company will conduct several mining and exploration studies to evaluate copper underground repositories.
Geostrategy
Saudi organizations launch program to support Yemeni medical facilities
The Saudi Development and Reconstruction Program for Yemen (SDRPY) and the Saudi Red Crescent Authority (SRCA) announced today the provision of...
- The assistance is in the form of 30 ambulances and highly equipped urgent response vehicles.
- This announcement was made during the signing of a memorandum of cooperation between SDRPY and the SRCA, in Riyadh.
Over 12m people visit Riyadh Season in 60 days
RIYADH, SAUDI ARABIA - Two months after their launch, on October 11, 2023, Riyadh Season events had already attracted 12...
Arts & Culture
Company News
Latest News
Jordan Minister calls for MENA-Europe electric connection project
AMMAN, JORDAN - Jordan's Minister of Energy Saleh Kharabsheh stressed on the importance of conducting an electrical interconnection project to...
Geostrategy
‘Introducing insurance share to beneficiaries is important privilege’
ABU DHABI, UAE - Insurance shares distributed among beneficiaries is one of the most essential privileges in the Federal Law...
Business
ADDED digitally links freezones in Abu Dhabi
ABU DHABI, UAE - The Abu Dhabi Department of Economic Development (ADDED) has completed the e-link project with four freezones...
Economy
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Economy
Tourism recovery reaches 65% of pre-pandemic levels
An estimated 340 million international arrivals were recorded in the third quarter of 2022 alone, almost 50% of the nine-month...
- An estimated 340 million international arrivals were recorded in the third quarter of 2022 alone, almost 50% of the nine-month total
- Travel was boosted by strong pent-up demand, improved confidence levels and the lifting of restrictions in an increasing number of destinations
Business
KEZAD Group breaks ground on UAE’s largest e-commerce fulfilment centre
The 252,000 square metre fulfilment centre facility is being designed and developed by KEZAD Group under a Build-to-Suit agreement.
- The 252,000 square metre fulfilment centre facility is being designed and developed by KEZAD Group under a Build-to-Suit agreement
- KEZAD Group is the integrated trade, logistics, and industrial hub of Abu Dhabi and a fully-owned subsidiary of AD Ports Group
Business
KIPCO merges with QPIC
It will now trade on Boursa Kuwait under KPROJ.
- KIPCO's authorized, issued and paid-up capital now stands at $1.55 billion distributed over 5.048 billion shares
- KIPCO's market capitalization is now over $1.94 billion, it said, adding that the combined portfolio would further diversify revenue streams