Its sales in China slumped 35% from April to December.
Riyadh, Saudi Arabia - About 61 purchase contracts totaling approximately SR26 billion ($6.93 billion) were signed at the second World...
The Saudi Ports Authority (MAWANI) has announced a new direct shipping service connecting Saudi Arabia to Djibouti, through the container...The service will connect Jeddah Islamic Port to Djibouti through the container transport company, Transmar.
Jeddah Islamic Port is one of the three Saudi ports included in the 2021 edition of Lloyd's List of Top 100 Ports.
The UAE is one of the most attractive Gulf Cooperation Council (GCC) countries for GCC citizens to work in, according...A total of 6,903 employees from GCC countries work in the UAE, out of the total 19,808 GCC employees working outside their countries.
In the UAE, the insured is expected to pay 5 percent, public entities 15 percent and private entities 12.5 percent, and the rest of the 2.5 percent.
The two companies announced on Wednesday a $3.6 billion (AED13.22 billion) strategic project to significantly decarbonise ADNOC’s offshore production operations,...The innovative project will see the development and operation of a first-of-its-kind high-voltage, direct current subsea transmission system in the MENA region
It will power ADNOC’s offshore production operations with cleaner energy, delivered through the Abu Dhabi onshore power grid, owned and operated by TAQA
What makes Dubai a tourist hub and an essential market for sustainable surfing is the region’s proximity to the sea?...What makes Dubai a tourist hub and an important market for sustainable surfing is the region’s proximity to the sea
Artificial surfing has now takers in countries like Saudi Arabia, Oman, Qatar, and Egypt which also boast of a strong community of surfers
The UAE is the most popular destination in the world for Indian tourists, according to figures submitted to Indian Parliament...The second and third most popular destinations for Indians were Thailand and Bangladesh, but their figures were way below those of the UAE.
The Minister confirmed that 314,495 Indians left on tourist visas for the UAE in the first quarter of this year.
Dubai’s real estate market recorded 246 sales transactions worth AED610.89 million ($166 million) and mortgage deals of AED151.82 million in...The sales included 223 villas and apartments worth AED 503.64 million, and 23 land plots worth AED107.25 million.
The mortgages included 38 villas and apartments worth AED110.84 million and 18 land plots valued at AED40.99 million.
UAE Minister of State for Foreign Trade Dr. Thani bin Ahmed Al Zeyoudi has said the trade partnership with India...India is the UAE’s second-largest trade partner, accounting for nine percent of the UAE’s overall global trade and 13 percent of the UAE's non-oil exports.
Some 13 percent of India’s exports are re-exported through the UAE to the Gulf Cooperation Council, Iran, Iraq and some Central Asian countries.
- The OECD rules will ensure that multinational corporations pay a minimum 15% tax rate from 2023.
The OECD rules will ensure that multinational corporations pay a minimum 15% tax rate from 2023
The Pillar Two model rules provide governments a template to address the tax challenges arising from digitalisation of the economy
- The main reason for high inflation rates in the GCC countries is a rebound in prices in the sectors that...
Food and beverages in Kuwait accounted for a whopping increase in prices, while education costs decreased 15.46 percent
Saudi Arabia’s annual inflation increase is due to a 6.4 percent growth in transportation costs and a 1.4 percent rise in food and beverage prices
The new methodology also introduces measurement of these exposures, based on credit risk-weighted assets using the CBUAE’s capital adequacy standards.The comprehensive standards require banks to review and improve their internal policies to enhance sound underwriting, valuation and general risk management.
Banks with higher risk-weighted real estate exposure in their portfolios will be subject to a more extensive supervisory review of their underwriting and risk management .
