RIYADH: Saudi Arabia’s biggest sovereign wealth fund, Public Investment Fund, has stakes of more than 5 percent in two Japan-listed gaming companies. Bloomberg said the combined holdings are worth around $1.2 billion in Capcom Co., the maker of the Street Fighter and Resident Evil franchises, and online games provider Nexon...

The total number of companies operating out of Dubai South reached 4,600, attracting more than 700 new companies by the end of 2021. Also, the total number of people working out of Dubai South was expected to reach 20,848 individuals by the end of 2021. Dubai South, the largest single-urban...

The new tax -- to be implemented in the UAE from 1 June 2023 -- comes at a time when speculations are rife that other Gulf countries might also impose taxes on economic sectors.

The Center’s proximity to the most important leading airlines in the world and its wide network of destinations make it an ideal destination for aircraft leasing companies, says Yousuf Mohammed Al Jaida

The Central Bank of Tunisia (BCT) has authorized companies operating in the digital sector to bid for public tenders in convertible foreign currencies. Tunisian media reports, citing the National Federation of the Digital Sector, have said that bidding has been allowed within the framework of calls for tenders for imported...

The US State Department announced in a statement that "Adnan Ayad, Jihad Adnan Ayad, Ali Adel Diab, and 10 companies are designated under Executive Order 13224.”

Several investment companies and investors interested in privatization projects attended an investor forum organized by Saudi Arabia’s National Center for Privatization (NCP) in cooperation with Riyadh Bank. The Center said that developments in the privatization system were taking place at an accelerating pace and with a high level of movement...

 Dubai Multi Commodities Centre has said it recorded its best year on record as it attracted 2, 485 companies in Dubai in 2021. The flagship free zone and Dubai government's authority on commodities trade and enterprise also saw its best June, August, September and November, reaching a total of over...

Improving business environment in Dubai, attracting foreign investments and international companies to the emirate, supporting member companies with global expansion and growing Dubai’s digital economy. These four pillars, which would guide the Dubai Chamber's strategy for the next three years (2022-24), were announced during the board’s first official meeting in...

Some grumbled at the change and businesses were split, with many moving to the Western-style weekend but other private firms sticking with Fridays and Saturdays, as in other Gulf states.

Saudi Arabia's 10 biggest companies witnessed the recovery of dividends paid out to investors in 2021, as the economy began to rebound from Covid-19 setbacks, although it remains to be seen how the Omicron variant will affect the gains. The 10 companies, valued at more than $2 trillion (SR 7.5...

As the startup ecosystem takes off in the MENA region, TRENDS helps experts deliver valuable advice for entrepreneurs.

Private Turkish and Qatari companies have agreed to jointly operate five airports in Afghanistan, although they are still waiting to reach a final deal with the Taliban. Officials of the two countries have said little about the details of the memorandum of understanding.

The Saudi Central Bank "SAMA" has released a public consultation on rules for regulating the business of real estate refinance companies. The release comes in continuation of SAMA's efforts to develop the financial sector and to keep abreast with developments of the financing industry in general, Saudi media reports said....

A total of 13, 978 Bahraini nationals have invested in UAE public shareholding companies in 2020 and 331 licenses for various economic activities were granted to them, the UAE Ministry of Finance has said. The Ministry said on the occasion of Bahrain National Day that trade between the UAE and...

The total foreign trade between Russia and the UAE is set to reach around $4 billion by the end of this year, said Sergey Cherimin, Minister of the Government of Moscow. Local media reports said that in 2020, the trade between the two countries amounted to $3.3 billion. Chermin told...

The UAE has introduced three new economic laws, with the government saying these laws underwent the largest legislative amendments of their kind in the history of the country. Approved last month by Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, the amendments were made to more than 40...

Morocco can attract big Indian investment due to its talented human resources and an impressive investment climate, said Ashwath Narayan, Minister of Technology of India's Karnataka State. Local media reports said the Indian minister was a part of the meeting involving Director-General of the Moroccan Agency for the Development of...

With the Covid-19 pandemic leading people to start their own businesses, a good beginning could make all the difference.

With the current global circumstances accelerating the need for immersive tools such as augmented reality and virtual reality, businesses across the UAE must invest in technologies in order to stay ahead of the digital curve, Maria Pace said. She was speaking at the ‘Immersive Technologies: Unlocking a Mixed Reality’ panel...

The program encompasses unprecedented incentives including financial support to the cost of private companies’ IPOs on DFM’s Main Market and listing on the Second Market, post listing support through participation on DFM’s international roadshows regionally and globally in addition to a three years’ waiver on listing fees, AGM fees and...

For new investors, the new service will require only three steps: visiting the Saudi Ministry of Foreign Affairs website and applying for "adding a request for attestation of a contract" at the Kingdom's embassies abroad. The service was inaugurated in a number of the Kingdom's embassies.

The break ups "represent a trend line that has been out there for 20 years ," said Michael Useem, professor at the University of Pennsylvania's Wharton School.

The Covid-19 pandemic has been the primary driver of businesses and governments embracing remote-work opportunities.

Three Saudi private companies will go public, offering around nine million shares in IPOs, according to the Saudi Exchange market (Tadawul).

Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, and King Willem-Alexander of the Netherlands have discussed friendship and cooperation between the two countries and ways to enhance them in various fields. Al Nahyan conveyed the greetings of President Sheikh Khalifa bin Zayed Al Nahyan to King Willem-Alexander...

The first global corporate effort to tackle air pollution was launched today, named the Alliance for Clean Air, bringing together leading businesses from around the world.

Representatives of 50 Dutch companies, led by the Dutch Minister for Foreign Trade and Development Cooperation Tom de Bruijn, arrived in the UAE as part of a trade mission aimed at strengthening trade relations between the two countries. More than 350 Dutch companies currently operate in the UAE and they...

The number of patient encounters was 6.7m, compared to 3.7m in 2020.

In the UAE, the Abu Dhabi index added 0.2% with the International Holding Company gaining 0.7%. Dubai index ended the week 0.1 percent down.

Abu Dhabi Investment Office (ADIO) and Etisalat will work together to unlock opportunities for businesses in Abu Dhabi by introducing companies to their extensive networks and strengthening cooperation across the economic system. The partnership combines ADIO’s support services with Etisalat’s innovation capabilities to deliver opportunities for businesses in the emirate,...

Dubai World Trade Center Free Zone and CoinMENA have tied up to develop a “crypto asset and blockchain hub" in Dubai World Trade Center. The hub will look to attract companies operating in the crypto assets.

The Saudi and UAE bourses saw quite some ups and downs in the week that began on Sunday, October 10.

A consortium of companies has signed a 20-year deal with the Egyptian Electricity Transmission Company (EETC) to develop, construct and operate a 500 MW wind farm in Ras Ghareb.

The world’s largest cryptocurrency exchange recently registered three companies in Ireland and is currently setting up several regulatory companies worldwide. Binance is banned by several governments, while other countries are open to investigations into allegations such as market manipulation.

The main Saudi stock index closed trading on October 7, with an increase of 19.45 points, to close at the level of 11,591.33 points, with transactions worth 6.5 billion riyals.

Jebel Ali Free Zone has been buzzing with activity this year because of a huge jump in the number of companies setting up businesses in Dubai’s state-owned flagship business park this year.

Companies in the United Arab Emirates are looking to increase their revenues by as much as 50 percent and recruit more staff in the next 12 months as the economy shows signs of rebound from the Covid pandemic.

The main Saudi stock index closed today, up, gaining 112.11 points, to close at 11495.76 points, with trading value worth SR 6 billion.

Some 16,000 new companies have joined Dubai Chamber this year, bringing the total membership to more than 275,000.

The growth reflects the ease of doing business in the Emirate and the government's measures to simplify procedures for businesses.

In order to diversify investment opportunities, the Dubai Financial Market (DFM) will roll out new equity futures contracts on individual stocks of three listed companies.

Eight Chinese provinces and cities, including Beijing, Tianjin, Zhejiang, Henan, and Guangdong, have signed 12 investment projects with Arab countries and other countries along the Belt and Road routes, with a total investment of 7.43 billion yuan. Three policy reports covering economic and trade relations between China and Arab States...

The country launches 'Supporting Our Blue Army' initiative that will seafarers overcome the challenges arising out of the pandemic, travel restrictions.

Beneficial Owner refers to individuals and entities that benefit from owning a registered business in UAE. Data required include  nationality, passport number

Another massive outage hits internet services on Thursday, July 22, affecting the websites of major companies across the globe.

HSBC said its Navigator 2020 report showed 81 percent of companies in the UAE were expected to increase investment spending by end-2021 The funding is intended to drive UAE economy back on the path of growth In a big boost to companies in the United Arab Emirates, HSBC disclosed on...

In 2020, the value of trade with China fell by 5.3 percent to Dh142 billion The UAE is also home to thousands of Chinese companies China has maintained its position as Dubai’s largest trading partner in the first quarter of 2021 with Dh44 billion ($12 billion) worth of trade, representing...