Emirates to recruit 5,000 crew members in 2024
DUBAI, UAE – Emirates will hire 5,000 people as it awaits the arrival of its fleet of Airbus A350s.The airline is...Business Global Aviation
Sales of $10m-plus homes in Dubai grow by record 92% in 2023
Dubai, UAE -- The total number of US$10 million plus home sales in Dubai grew by 92.4 percent to 431...Business
Saudi Central Bank seeks consultation on real estate refinance regulations
The Saudi Central Bank "SAMA" has released a public consultation on rules for regulating the business of real estate refinance...The draft can be reached by visiting Public Consultation Platform affiliated with the National Competitiveness Center at https://istitlaa.ncc.gov.sa.
SAMA has invited the public, specialists, and interested individuals to provide their views and observations on the rules within 30 days.
Abu Dhabi Global Market to begin Monday-Friday workweek from Jan 1
Abu Dhabi Global Market (ADGM) has announced that it will commence a Monday to Friday working week from 1 January...ADGM said the new working week brings Dubai's business community and financial sector closer to global markets and real-time economic and trading activities.
More than 3700 entities are registered with the ADGM and it has a strong pipeline of growth, said the IFC in a statement.
Jordan bank plans acquisition
Central Bank will acquire the Societe Generale Bank Jordan.The acquisition is said to be part of a drive to expand the Central Bank's foothold regionally and domestically
Its chairman Bassem Al Salem said the bank would also issue $100 million in perpetual bonds to help drive growth
Spider-Man first $1bn post-pandemic movie
No Way Home has grossed $467.3 million in North America and $587 million internationally since its release earlier this month.Spider-Man has become the first billion-dollar-grossing film of the pandemic era
The movie took an estimated $81.5 million in North America over the Christmas weekend
Evergrande vows to deliver homes
The Chinese real-estate firm has $300 billion in liabilities.In recent months, Evergrande has repeatedly said it will finish its unfinished projects and deliver them to buyers
This, despite the company having missed a payment of more than $1.2 billion earlier this month
Ecommerce changes GCC buyers, sellers forever
As ecommerce expands, companies are becoming more aware of the region's shifting consumer behavior and needs, say experts.Retailers in the region are becoming more aware of the necessity to create ‘brand.com’ sites
AR and AI will become more commonly used to improve the consumer experience
KPMG Lower Gulf revenues up, workforce rises by 21 percent
KPMG International announced annual aggregated revenues for KPMG firms globally of $32.13 billion for the fiscal year ending 30 September 2021....KPMG International announced annual aggregated revenues for KPMG firms globally of $32.13 billion for the fiscal year ending 30 September 2021.
Advisory grew 17 percent, Audit 4 percent and Tax & Legal Services at 8 percent, the firm said.
Saudi Arabia Pavilion at Dubai Expo2020 records 2 million visitors
Fireworks and laser lights were launched to announce the new record as pavilion’s employees and public gathered in the ‘opportunities’...This is a new record as nearly 30 percent of the total number of visitors to Expo visited the Saudi Pavilion since its official opening.
The Kingdom's pavilion at Expo 2020 Dubai succeeded in increasing its visitors through its various economic events and cultural activities.
Dubai launches one-stop-shop online portal for timeshare operators
Dubai’s Department of Economy and Tourism (DET) has launched an online portal that provides a ‘One-Stop-Shop’ for timeshare operators to...The Timeshare Portal supports the legal framework created by Dubai’s new Timeshare Law.
It allows allows potential operators to register and submit their applications for timeshare properties and obtain a permit as a licensed timeshare operator.
Bahrain closes two eateries over violation of Covid-19 protocols
Inspectors also visited a total of 193 restaurants and cafes and took required measures against 17 outlets.The Ministry of Health announced that it had taken the required measures prior to referring both food outlets to legal authorities
This came during an inspection campaign conducted in cooperation with the Ministry of Interior and the Ministry of Industry
