INSEAD Day 4 - 728x90

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

Saudi allows duty-free markets at air, sea and land ports

The markets will be opened at selected spots in the Kingdom. (WAM)
  • The decision will allow sales to travelers coming to and departing from the Kingdom. 
  • The Saudi Cabinet also reviewed the Kingdom's participation in G20 ministerial meetings, held in Bali.

Riyadh, Saudi Arabia -Saudi Arabia has approved the establishment of duty-free markets, when necessary, at air, sea and land ports and on-board ships and aircraft.

The kingdom’s Zakat, Tax and Customs Authority (ZATCA) had invited the public to express their opinion on the draft Free Market Rules through “Istitlaa” platform until Aug. 12.

The decision permits sale, in these markets, to passengers arriving and departing from the Kingdom, Saudi Press Agency reported.

Earlier, duty-free shops operated only in the departure lounges at international airports, which curtailed expansion and development of duty-free markets in the Kingdom.

The Saudi Cabinet, chaired by Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, also gave a nod to the establishment of the Saudi-Thai Coordination Council.

Furthermore, the Cabinet reviewed the Kingdom’s participation in G20 ministerial meetings, which were held in Bali, Indonesia, to accelerate the digital economic growth, technology and innovation, and bridging the digital gap through strategic initiatives and projects linking the world.