Operating profit for 2023 was recorded at US$59 million.
The report stresses the urgent need for MENA news organizations to overhaul business models, adopt digital strategies, and diversify content...
Only 27 theatres in Morocco remain open, relying heavily on state funding for renovations and digitizing films.Cinemas in Morocco struggle to emerge from the crisis despite $960,000 of funding for the Moroccan Centre for Cinematography
Enthusiasts called for better protection for theater buildings, architectural treasures that bear witness to the kingdom's past
The fresh investments are said to be in line with Vision 2030, which aims to diversify the economy of Saudi...Investment deals totaling more than $6.4 billion were announced at LEAP 2022 in Riyadh
Saudi Aramco Ventures launched a $1-billion investment fund called Prosperity 7 to help revolutionary startups
More than 340 Japanese companies have their bases in the UAE working in various sectors including infrastructure, industry, and energy,...More than 340 Japanese companies have their bases in the UAE working in various sectors including infrastructure, industry, and energy, a UAE official said
A memorandum of understanding was also signed between the Department of Municipalities and Transport (DMT) and Sumitomo Corporation
The 23-nation OPEC+ group has said in a statement that it will increase production by 400,000 barrels per day in...OPEC+ is already struggling to meet its quotas, with some members unable to scale up their production
Other members, such as Saudi Arabia and the United Arab Emirates, are unwilling to increase output
- The new tax -- to be implemented in the UAE from 1 June 2023 -- comes at a time when...
UAE is expected to generate approximately AED 25 bn ($6.8 bn) in revenue from the corporate tax.
Corporate tax rates in nations such as Germany and Japan exceed 30 percent. In Canada and China, companies pay 27 percent and 25 percent, respectively.
UAE Innovates 2022, described as the largest innovation festival in the world, seeks to instill a culture of innovation and...The Expo will have an MBRCGI display at Festival Garden, where creative government experiences will be featured
In addition, private companies will also organize specific talks and workshops in several innovation spheres
The Digital Cooperation Organization (DCO) has announced the launch of the DCO Startup Passport to make it quicker, easier and...The initiative will start initially in Saudi Arabia and Nigeria, opens potentially lucrative markets with a combined population of more than half a billion.
The Startup Passport addresses the problems of SMEs challenges by reducing administrative and financial burdens and accelerating corporate registration.
Tamkeen, a semi-autonomous Bahraini agency, has said that the “Skills Bahrain” initiative is all set to be launched in the...'Skills Bahrain' is the first comprehensive national initiative aimed at establishing professional standards for vocations.
Tamkeen is implementing the project in collaboration with many governments and private sector entities engaged in education.
- During the course of last year, Dubai saw 1,343 eateries opening up across the city, and as a result the...
The number of communications received by the Municipality Call Centre last year was 4,961
The Municipality said that it has monitored a great level of commitment by food establishments to abide by the procedures that it has set
They have sold 100 percent of Spanish operation MATSA to Sandfire Resources.MATSA owns and operates two mines in the municipality of Almonaster La Real and one mine in the province of Huelva, Andalucia.
The company’s processing plant can process more than 4.4 million tons of copper and polymetallic ore per year.
