SPC Free Zone to provide licenses within 45 minutes
SHARJAH, UAE - Sharjah Publishing City Free Zone (SPC Free Zone) has announced an expedited business setup process, allowing businesses...
Business
Bybit partners with Sharjah varsity to boost crypto adoption in UAE
Sharjah, UAE - Bybit, the world’s third most visited crypto exchange, will contribute AED 1 million ($272,257) via a partnership...
Business
Science
Boursa Kuwait launches ESG reporting guide
Through it, the bourse aims to drive the embrace of Corporate Sustainability in the Kuwaiti capital market.
- The guide will introduce the ESG universe to companies listed on the stock exchange
- It will also highlight the benefits of ESG disclosure and best practices
Business
UAE economy forecast to grow 4% this year
The United Arab Emirates has forecast for its economy to grow by more than four percent this year, a level...
- Minister Abdulla bin Touq says over 30,000 jobs will be created
- The central bank had forecast 2.5 percent growth in December. Economic growth fell to around 6 percent in 2020
Business
Own a share of Dubai property for as little as $136
If you are an investor, you can now own a share of Dubai property for as little as $136.
- SmartCrowd lowers minimum investment from $545 to $136
- Regulated by the Dubai Financial Services Authority (DFSA), the firm has so far distributed 1.3 million dirhams in rental income to investors who have put their money in more than
Zamil Industrial unit wins AC deal
The contract is to supply AC systems to Saudi schools.
- Zamil Industries unit Zamil Air Conditioners has got the contract from Tatweer Buildings Company
- The contract is worth SAR44.1 million ($11.7 million)
Emaar EC eyes $3bn capital hike
Its board of directors has okayed a 33% hike in its capital.
- Emaar EC will now put the approval plan to shareholders' vote
- This will happen at the extraordinary general meeting to be held on September 12
Business
Aramco rebar facility opened
IKK Mateenbar will produce non-corrosive fiberglass rebar.
- New corrosion-free material could support the kingdom in achieving its carbon neutrality targets.
- Extreme temperatures and high levels of salinity make the kingdom one of the most corrosive environments for steel rebar.
Economy
Iran gives free electricity to 10m users
This happened as part of a program aimed to change the attitudes of household consumers towards the proper use of...
- This is part of the Power of Hope program, which entails rewarding efficient subscribers with a 100 percent discount on their bills
- The Iranian Energy Ministry program has reduced the number of high-consuming subscribers across the country by 6.1 percent
Arts & Culture
American falcon sells for $467,000 in Saudi auction
The falcon was 16.5 inches both long and wide, and weighed 980 grams.
- An ultra-white Gyr Qarmousha Falcon, less than a year old, was sold for SAR1.75 million (around $467,000)
- It came from a noted international breeding facility called the Pacific Northwest Falcons farm, located in the US
Economy
Oman launches laboratory for food security
The laboratory falls within the framework of the "Invest in Oman" program.
- The lab is aims to design of a strategic investment program for the food security sector in Oman
- This will happen in partnership with relevant governmental and private institutions, businessmen, and investors
Economy
1.8 million Saudis employed under Nitaqat program
Nitaqat is a nationalization scheme implemented, which requires Saudi companies to fill up their workforce to certain levels with Saudi...
- About 1.6 million establishments in the Saudi employment market are registered under the program.
- Under Updated Nitaqat, the number of economic activities will be reduced to 32 from 85.
Most Read
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
SPC Free Zone to provide licenses within 45 minutes
SHARJAH, UAE - Sharjah Publishing City Free Zone (SPC Free Zone) has announced an expedited business setup process, allowing businesses...
Business
Company News
Latest News
Saudi Arabian government body launches strategy 2022-2025
The National Center for Government Resources Systems (NCGR) launched its comprehensive strategy (2022-2025).
Economy
Saudi SMEs authority and Aramco center sign cooperation pact
Riyadh, Saudi Arabia—Saudi Arabia’s General Authority for Small and Medium Enterprises (Monsha'at), has signed a cooperation agreement with Aramco’s Center...
Business
FAB, Silver Birch announce partnership
They will offer inventory solutions to their local, international clients.
Business
Most Read
Business
Jahez posts profit of US$14.2m
The food delivery platform saw rise in orders on its app in H1.
- Jahez said the profit surge was mainly driven by a revenue jump of 60 percent to $207 million, from $129.60 million in the corresponding period last year
- Orders made through the app surged by 46 percent to 31.5 million during the six months, as the average number of users soared by 48 percent
Business
Iraq looks to neighbors for energy to overcome crunch
Looking to tide over the persistent problem of a lack of energy supply in the country, particularly in the summer...
- Ahmed Moussa, spokesman for the ministry, said that the electrical connection with neighboring countries will not achieve self-sufficiency for the national system
- He said the final operation was signed with Turkey to pass 300 megawatts, but the rise in electricity prices and the rise in demand for gas hampered the implementation
Business
Saudi PIF launches new company to digitize real estate sector
The Public Investment Fund has launched a new company aiming to digitize and develop the local real estate sector through...
- Saudi Arabia has set an ambitious target of raising home ownership rates in the kingdom to 70 per cent by 2030 under the Sakani program
- According to the Ministry of Housing, the home ownership rate rose to 60 per cent in 2020 from 47 per cent in 2016