Browsing Category
Business
Dubai approves $1.49bn uplift projects for citizens
Dubai is on track to undertake a series of projects worth 5.5 billion dirhams ($1.49 billion) thanks to approval from the emirate’s vice president.
Dubai’s ruler Sheikh Mohammed bin Rashid Al-Maktoum has given the green light for the…
Read More...
Read More...
Eastern Province reveals 238 investment opportunities for major developmental leap
Saudi Arabia’s Eastern Province Municipality has unveiled 238 diverse investment opportunities, spanning permanent and temporary ventures across the region.
Several of these prospects require technical proposals and qualifying expertise…
Read More...
Read More...
Saudi Chemical Co. partners with Dyno Nobel for nitrate and nitric acid plant in Ras Al Khair
Saudi Chemical Co. has signed a deal to establish a first-of-its-kind production facility for ammonium nitrate and nitric acid in Ras Al Khair.
The partnership with Dyno Nobel, through its subsidiary Saudi Chemical Co., aims to support…
Read More...
Read More...
Gulf nations witness 178% surge in US Dollar sukuk issuance: Fitch Ratings
The Gulf Cooperation Council countries witnessed a surge in US dollar sukuk issuance, registering a 178 percent year-on-year growth in the past year.
According to a report by Fitch Ratings, in core markets like the GCC, Malaysia,…
Read More...
Read More...
Egypt to introduce income tax laws for societal dialogue: Minister of Finance
The Egyptian government aims to ease the financial strain on its citizens through a new social protection package and the introduction of new income tax laws.
According to a release by the nation’s Ministry of Investment, the body…
Read More...
Read More...
Mergers, acquisitions reshaping GCC’s overall business landscape
Of late, businesses in the Gulf Cooperation Council region have become more inclined toward pooling their resources to achieve operational efficiency and maximize profits.
The trend of mergers and acquisitions in the GCC is expected to…
Read More...
Read More...
Saudi and US export-import banks agree to boost trade relations
The Saudi Export-Import Bank has signed an agreement with its US counterpart designed to boost cooperation and help strengthen economic and trade relations between the two countries.
The memorandum of understanding, signed on the…
Read More...
Read More...
Dubai to allocate more than $40m for content creators’ support fund
Sheikh Mohammed bin Rashid, the UAE’s vice president, prime minister and ruler of Dubai, has unveiled a fund of Dh150 million ($40.8 million) dedicated to supporting content creators and influencers.
In addition to this financial…
Read More...
Read More...
Riyadh fuels 13% surge in spending, with hospitality, food as main drivers
Cafe and restaurant visits by Saudis helped fuel a 13.35 percent annual spending increase across the Kingdom in November, according to. the central bank.
Data released by the institution, also known as SAMA, showed the total of…
Read More...
Read More...
Saudi investment ministry signs deal with UK firm to capitalize on Kingdom’s natural resources
Saudi Arabia’s investment ministry on Thursday signed an agreement with UK-based Power Metal Resources it said aims to unlock high-value investment opportunities to maximize the potential benefits offered by the Kingdom’s natural resources.…
Read More...
Read More...