The set of rules will streamline authorization requirements and ease procedural hurdles faced by businesses, according to a press release....
Its revenue jumped to US$16.33 billion, a rise of 17.9 percent.
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.
- Historic rivals Turkey and Armenia were due Wednesday to resume their first commercial flights in two years as part of...
Armenia and Turkey have no diplomatic relations, a closed land border and a long history of hostility rooted in the mass killing of Armenians
The first flight run by Moldova's low-cost carrier FlyOne was expected to land on Wednesday evening at Istanbul Airport from Yerevan
Saudi Arabia has witnessed a big jump in 'contactless' payment during the last three years, from hovering in single digits...Looking at Saudi Arabia’s workforce, Torre said that the large number of foreign workers in the Kingdom should provide ample opportunities for Visa in terms of offshore remittances
Torre indicated that his company offers a Visa Direct solution which allows people to send money to any of their 3.7 billion cards or directly to bank accounts in 88 countries
Saudi Aramco has officially launched Prosperity7 Ventures, a $1 billion Venture Capital fund. The fund has been operational for over...The fund has been operational for over a year but was launched officially on Tuesday.
The fund aimed at supporting the development of next-generation technologies and business models.
