It’s time to recount UAE’s achievements across sectors as the country celebrates its 51st National Day
Beside successfully addressing COVID-19, the country created a distinguished development model covering all political, economic, social, scientific and cultural areas...
Analysis
Gulf construction market builds on KSA-UAE rivalry
As Saudi Arabia is all set to become the largest construction site in the world, the competition between Dubai and...
Analysis
Why Lebanon is pinning hopes on 2018 to revive fortunes?
By Gareth Smyth When Lebanese Prime Minister Saad Hariri took to Saudi television in November to resign and accuse the...
It’s time to recount UAE’s achievements across sectors as the country celebrates its 51st National Day
Beside successfully addressing COVID-19, the country created a distinguished development model covering all political, economic, social, scientific and cultural areas...
Analysis
Company News
Latest News
Policy eyed as Mideast bears brunt of climate change
Disasters caused by climate change since 2000 have killed approximately 2,600 people, affected seven million others, and caused $2 billion...
Analysis
GCC exchanges recoup their losses
From the UAE to Saudi Arabia, the main indexes made up for their losses as the week came to a...
Analysis
Why few brands lag behind in sustainability game?
The best brands take a cross-functional approach, embedding sustainability within divisions and business units while linking incentives to sustainability targets....
Opinion
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Analysis
Global projects to fuel Aramco 2022 growth
The Saudi Arabian Oil Company has outlined a clear strategy to continue to invest in both upstream and downstream segments,...
- In March, Saudi Aramco said its net income increased 124 percent to $110 billion in 2021, compared to $49 billion in 2020
- This was the result of higher oil prices, stronger refining and chemicals margins, and SABIC’s consolidation of full-year results
Analysis
GCC keeps pace with global solar, wind trends
Countries like the UAE, Saudi Arabia, and Oman appear on track to take giant strides in diversifying their portfolios when...
- Across the greater MENA region, Yemen, Jordan, Turkey, and Morocco have generated more than 10 percent of their power from solar and wind
- However, things appear poised to change very soon, with several projects that may improve the region’s overall renewable outlook
Business
UAE free zones set to gain from corporate tax relief
Around 40 free zones in the UAE are likely to attract more investors and FDI after they were declared exempt...
- The 9-percent corporate tax will be levied on companies with profits above AED375,000 (approximately $102,090)
- Announced on January 31 by the UAE’s Ministry of Finance, the tax regime will be implemented from June 1, 2023