Red Sea Global builds largest off-grid EV charging network in Saudi Arabia
RIYADH, SAUDI ARABIA - Red Sea Global (RSG), the multi-project developer behind the world’s most ambitious regenerative tourism destinations, Amaala...
Business
Real estate trading volume in Qatar exceeds US$88m in week
DOHA, QATAR - The volume of real estate trading in sales contracts at the Department of Real Estate Registration at...
Business
Economy
Dubai emerges as global superyacht capital
Dubai is now home to 15 marinas with more than 3,000 berths, which can accommodate an array of pleasure craft...
- Dubai is now home to 15 marinas with more than 3,000 berths, which can accommodate an array of pleasure craft and luxury yachts as well as superyachts and gigayachts
- More than 200 superyachts were registered across the Middle East as of 2019 with Dubai being the base for many of these vessels, says a report by Oxford Business Group
Business
Abu Dhabi Ports Group to build first cruise facility outside of UAE
Abu Dhabi Ports Group has signed an agreement with the Aqaba Development Corporation (ADC) of Jordan to build a cruise...
- It will be the first facility to be developed by AD Ports Group in Jordan.
- Under the agreement, AD Ports Group's digital arm, Maqta Gateway will also manage the implementation of an advanced Ports Community System.
Business
Alpha Dhabi Holding to invest $272m in TA’ZIZ as part of expansion plans
Alpha Dhabi Holding, the Abu Dhabi-based conglomerate, has announced that it will be investing about AED1 billion in the Abu...
- Alpha Dhabi has announced targeting AED8 billion for investments in real estate, hospitality and healthcare.
- TA’ZIZ is an industrial services and logistics organization that enables and supports the growth of the Ruwais Industrial Complex.
Business
UAE gateway to GCC and Africa markets, says India’s industry minister
India's Minister for Commerce and Industry Piyush Goyal has said that his country's goal is to become the UAE's number...
- UAE commits $100 billion investment and infrastructure creation in India, says Piyush Goyal.
- The UAE-India CEPA will be India’s fastest-negotiated Free Trade Agreement ever between two nations, he said.
Business
Rossi appointed Acer Mideast VP
Michele Montecchio was appointed as Country Manager for the Middle East.
- Paul Collins, after driving the Acer Middle East and Africa business for seven years, has decided to retire.
- Rossi has been with the firm since 2007, having started in product development.
Geostrategy
Collapse of Afghanistan has regional, international repercussions: Saudi FM
Saudi Arabia has said the collapse of Afghanistan would lead to chaos that has regional and international ramifications, while stressing...
- Saudi Foreign Minister Prince Faisal bin Farhan denounces the Daesh terrorist attacks in Afghanistan, according to media reports.
- Saudi Arabia has begun providing humanitarian aid to Afghanistan for the first time after Taliban takeover.
Geostrategy
Iran sees possibility of exporting Covid-19 vaccines in a few months
Iran has said exporting vaccines manufactured by domestic producers was possible in a few months. Iran's deputy health minister for...
- Country's deputy health minister Younes Panahi says domestic producers have made good progress and mass production was possible in future.
- The country produces both attenuated and protein-based vaccines, Panahi said.
Economy
Tourism, retail to fuel Dubai economy growth in 2022
The insights from the Dubai Chamber study were released during a business seminar titled The Road Ahead: UAE and Dubai...
- In 2022, the UAE economy is projected to record an estimated annual GDP growth rate of 3.4 percent
- The entire UAE economy began to recover in 2021 by registering an estimated annual GDP growth rate of 3.1 percent
Business
UAE tax authority tour ensures readiness of tourist VAT recovery scheme
The Federal Tax Authority of the UAE has organized field tours to ensure the readiness of Self-Service Kiosks, which allow...
- Self-Service Kiosks, which allow tourists to recover VAT on their purchases, have been placed at all exit ports.
- The kiosks are also available at several commercial centers and hotels that are included in the tax refund scheme.
Economy
Jordan minister urges officials to expedite services for citizens, investors
Nayef Steitieh told field managers in his ministry and across governorates to also look to replace expatriate workers with those...
- Jordan’s Minister of Labor Nayef Steitieh on Saturday, December 19, called for investing in e-transformation
- The move is expected to save time and effort of beneficiaries from the ministry's directorates and governorates
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Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
Red Sea Global builds largest off-grid EV charging network in Saudi Arabia
RIYADH, SAUDI ARABIA - Red Sea Global (RSG), the multi-project developer behind the world’s most ambitious regenerative tourism destinations, Amaala...
Business
Company News
Latest News
Saudi to target 11 decisions for Emiratisation program by 2022 end
Riyadh, Saudi Arabia---Saudi Arabia will target 11 new decisions for Emiratisation program in project management, procurement, food and drug sectors...
Economy
UAE contributes $25 million toward Al Makassed Hospital in East Jerusalem
Abu Dhabi, UAE---The United Arab Emirates will contribute $25 million toward Al Makassed Hospital in East Jerusalem in collaboration with...
Geostrategy
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Geostrategy
Kuwait chooses new ministers for oil and foreign affairs
Kuwait City, Kuwait— Kuwait has brought in a new oil minister in a new cabinet reshuffle after the September elections....
- Salem Abdullah Al-Jaber Al-Sabah was appointed as foreign minister and Ammar Muhammad Ammar Al-Ajmi was given the minister of state for housing and urban development
- The first parliament session after the September elections in Kuwait has been postponed to Oct. 18
Business
Saudi Arabia to host 3rd edition of Gulf Entrepreneurs Forum
The forum targets GCC entrepreneurs and business incubators and accelerators and financing institutions in GCC.
- The forum targets GCC entrepreneurs and business incubators and accelerators and financing institutions in GCC
- Events of the forum include several meetings and sessions, including the experience of GCC states in incubating new businesses
Business
Zain KSA shares go up
The stock rose after the transfer of its subsidiary to the PIF.
- The company, formally known as Mobile Telecommunication Co., will transfer 80 percent of its share capital to the acquirers upon completion of the deal
- As per the offer with the PIF, the company will grant the sovereign wealth fund the right to buy the remaining 20 percent stake at a certain amount