Saudi Arabia, Swiss Fund unveil billion-euro initiative for zero-emissions investments
Riyadh, Saudi Arabia - Saudi Arabia and Swiss Fund have decided to initiate financing initiatives in the debt market in...Economy
Total M&A market drops to US$3.2trn in 2023, says report
DUBAI, UAE - The total M&A market dropped 15 percent, to US$3.2 trillion, the lowest level in a decade, as...Business Economy
King Abdullah calls for speeding up of food security plan
The king has called on the Jordanian government to speed up the implementation of the national plan for sustainable agriculture...The king lay emphasis on the importance of continuous outreach to Jordanians across the kingdom, to update them on agricultural projects
Prime Minister Khasawneh said the higher council for food security, whose bylaw was recently endorsed, will have an important executive role
UAE investments in Egypt rise by 169% in 6 months
In a statement, CAPMAS said that the value of the trade exchange between Egypt and the UAE increased to about...In a statement, CAPMAS said that the value of the trade exchange between Egypt and the UAE increased to about US$1.2 billion
The value of remittances from Egyptians working in the UAE rose by 1.4 percent, reaching US$3.5 billion during the 2020-2021 fiscal year
Dubai Media Inc affiliated to Dubai Media Council
In his capacity as the Ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister, has...Sheikh Mohammed issued a decree appointing Sheikh Hasher bin Maktoum bin Juma Al Maktoum as Chairman of DMI.
DMI has a strategy will leverage the expertise of a young and talented Emirati workforce to make the leap in delivering quality media content
UAE Ambassador to Iran will soon resumes duties
In line with UAE efforts to strengthen relations with the Islamic Republic of Iran, the Ministry of Foreign Affairs and...The decision to appoint an envoy to Iran comes as part of a previous decision to increase diplomatic representation to the rank of ambassador
The ambassador would contribute to advance bilateral relations between UAE and Iran
Saudi business tax payers asked to submit July declaration
The Zakat, Tax and Customs Authority has called on taxpayers from the business sector subject to value added tax (VAT)...The Authority has urged business sector taxpayers to promptly submit their tax declaration in order to avoid a penalty.
Penalty will be charged at a minimum of 5 percent and a maximum of 25 percent of the tax value which the taxpayer had to declare.
Cross-currency payments face challenges
Cross-currency payments cut the need for foreign transaction fees for customers, encourage customer loyalty and reduce cart abandonment but they...Cross-border payments are not always hugely inclusive to individuals, according to ManagedLEI, a Registration Agent of Legal Entity Identifiers.
In countries where access to a bank account is low, for example, not everyone will be able to make cross-border transactions.
UAE, Egyptian leaders review fraternal relations in Al Alamein City
President Sheikh Mohamed bin Zayed Al Nahyan arrived in Al Alamein City on a visit to the Arab Republic of...President Sheikh Mohamed bin Zayed Al Nahyan has arrived in Al Alamein City on a visit to the Arab Republic of Egypt.
President of Egypt, Abdel Fattah el-Sisi received UAE President Sheikh Mohamed at the airport where the leaders discussed cooperation between the two countries.
Dubai’s RTA reduces energy consumption by 18 percent
Director-General and Chairman of the Board of Executive Directors of the Roads and Transport Authority said that RTA had achieved...RTA had managed to reduce the total emissions by 13 percent and energy costs by 10 percent compared with the average consumption from 2016 to 2019.
RTA has a roadmap that aims to achieve zero-emission from public transport in Dubai by 2050.
WGES 2022 to encourage investment in green projects
The 8th World Green Economy Summit (WGES), to be held in Dubai, will focus on developing investment partnerships in green...In WGES 2022 several heads of states and governments, experts from government and non-government sectors would participate.
The summit would enable finding innovative solutions and financial tools that promote clean and renewable energy projects and sustain growth
Saudi, Emirati stocks end the week in red
Despite a 3.9 percent increase in the food and beverage sector and a generally mixed week for the Saudi Stock...The general index of the Saudi stock market "TASI" ended Thursday's trading down 0.2 percent, or 25.01 points.
The index was down 0.3 percent, while three sectors on the Dubai Stock Exchange were down 0.93 percent, with banks leading the decline.
