Business Page 2

The UAE and Brazil are collaborating to strengthen their already flourishing $4.3bn trade partnership. Juma Al Kait, Assistant Under-Secretary for International Trade Affairs at the Ministry of Economy, lauded the resilience of the UAE-Brazil trade...

Riyadh Air commemorates its inaugural year as it accelerates preparations for its anticipated launch in 2025, aiming to revolutionize air travel with sustainability at its core while setting new benchmarks for reliability, comfort, and service...

Saudi Arabia and China are bolstering air connectivity with the introduction of a new air route between the two nations.

Oman intends to supervise investments worth $31 billion in its tourism sector by 2040, as indicated by Azzan Qassim Al Busaidi, the Undersecretary of the Ministry of Heritage and Tourism.

The UAE has contributed $5 million to a World Trade Organization (WTO)-established $50 million fund intended to support female entrepreneurs.

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, the Crown Prince of Dubai and Chairman of Dubai Executive Council, recently chaired a meeting attended by Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of Dubai Culture, to review...

Currie and Brown, experts in project management, predict that construction expenses in Saudi Arabia and the United Arab Emirates will increase this year.

Saudi Arabia and China have entered into a Memorandum of Understanding (MoU) in the realm of air transportation, intending to fortify bilateral air travel between the two nations.

According to official statistics, last year Dubai Customs processed 46,870,957 bags from 206,396 aircraft, or an average of 128,400 bags every day.

India has witnessed a notable upsurge in the population of multi-millionaires, with the count of individuals earning above Rs 10 million ($120,501) annually surpassing 216,000 as of December 31, 2023.

One97 Communications, the parent company of Paytm, is currently under scrutiny by the Reserve Bank of India (RBI) for alleged irregularities in its payment bank operations.

The Saudi Vision 2030 initiative has attracted $3 trillion in foreign investment, and businesses in the GCC are flocking to the kingdom to take advantage of all the possibilities it presents.

On February 4, Saudi Arabia launched the Sah, the first Shariah-compliant, government-backed savings product for individuals.

A public-private partnership project must not exceed SR 200 million, according to the revised executive regulations of the Saudi Arabian Privatization Law that were published in the official periodical Umm Al-Qura. The rules also established SR 50...

Saudi Export-Import Bank (Saudi Exim Bank) has entered into an agreement with the International Islamic Trade Finance Corporation (ITFC) to implement a $25 million financing line for Pakistan's Habib Bank Limited (HBL).

As part of the Emiratization goals for healthcare institutions in 2024 and 2025, the Abu Dhabi Department of Health recently revealed the addition of 3,800 new jobs for locals.

Dubai businesses are set to benefit from a new funding scheme as Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, launches the "Dubai International Growth Initiative."

A suspected drone struck the liquid storage tank at Dana Gas's Khor Mor facility in the Kurdistan Region of Iraq, as reported by the UAE-based energy firm.

In the Kingdom, the Saudi Zakat, Taxes, and Customs Authority has established new regulations governing Bonded Zone operations.

Saudi Justice Minister Walid Al Samaani has introduced a unified e-platform for estate distribution, aiming to streamline and expedite the process from the decedent's passing to the heirs receiving their shares. Unveiling the platform at the...

A Saudization effort has been announced by the Saudi Arabian Ministries of Human Resources and Social Development and Municipal and Rural Affairs and Housing, with the goal of influencing 25% of private sector engineering jobs.

The UAE has enacted Federal Decree-Law No. 12 of 2023, effective December 1, 2023, aimed at fortifying collaborations between the public and private sectors.

Recent reports suggest that some companies in the UAE are facing challenges in obtaining work visas for potential employees from specific South Asian nations.

A new Trust Certificate Issuance Programme with certificates priced in US dollars has been unveiled by Banque Saudi Fransi. In a filing with Tadawul on Wednesday, it was said that the amount and circumstances of the offering will be decided by...

Ahead of the commencement of the Vibrant Gujarat Summit (VGS) in Gandhinagar on January 10, the 'Country Seminar' concerning commerce between the UAE and India emphasizes the significance of jewels.

The renowned hospitality chain, Six Senses, is poised to welcome guests to its new hotel project, Wadi Safar, situated west of Diriyah and northwest of Riyadh in Saudi Arabia.

The Saudi government has introduced new tax incentives in an effort to entice multinational corporations to set up regional headquarters in the country.

Abu Dhabi Airports has recently disclosed an array of ambitious expansion initiatives for the Abu Dhabi Airport Free Zone (ADAFZ), encompassing the initial planning phase for the construction of Light Industrial Units (LIUs).

Saudi Arabia's prominent real estate developer, Dar Al Arkan, has revealed the introduction of Etoile by Elie Saab, marking the esteemed designer's inaugural branded residence in the Kingdom.

With the announcement of its fifth Saudi Arabian entertainment destination, SEVEN, a division of the Public Investment Fund (PIF), has reached a major milestone, as it is the first of its kind in the Aseer region.

Saudi Arabia's Ministry of Hajj and Umrah has initiated the application process for businesses aiming to obtain a license to offer services to external pilgrims. The move is part of a broader strategy to broaden service scope and enhance...

In Saudi Arabia, The Helicopter Company (THC), a division of the Public Investment Fund (PIF), is poised to achieve notable progress in its aviation undertakings. The company's recent announcement about the delivery of eighteen new aircraft in...

Currently, citizens of the GCC member countries are free to travel within the GCC bloc without a visa. However, it's important to keep in mind that most foreign nationals residing in these GCC countries typically require permits or visas in...

Saudi Arabia has reached a momentous milestone as its Gross Domestic Product (GDP) surpasses $1.1 trillion, solidifying its position in the global economic arena. This achievement marks a historic high in the kingdom's economic growth and...

In a remarkable streak of success, the UAE's domestic equity markets have seen four consecutive sessions of gains, amassing a total profit of $11.4 billion.

Saudi Health Systems Company, an affiliate of Maharah Human Resources Company, has successfully obtained a substantial government contract worth SAR 3.04 billion. This contract is anticipated to exert a considerable influence on the healthcare and...

By issuing dual-tranche bonds valued at $1.5 billion on the Abu Dhabi Securities Exchange (ADX), Taqa, the Abu Dhabi National Energy Company, has substantially broadened its funding options.

The Ministry of Hajj and Umrah announced multiple job openings for both sexes on the general employee ladder, under the contract system, in the Makkah Al-Mukarramah and Al-Madinah Al-Munawwarah districts on Thursday.

To the Most Noble Sheikh Ammar bin Humaid Al Nuaimi, the Crown Prince of Ajman, welcomed Radha Krishna, the Ambassador of Canada to the country, yesterday morning in his office in the Ajman Ruler's Court. Radha Krishna came to meet His Highness...

Participants from 170 countries have begun arriving in Abu Dhabi for the Annual Investment Meeting (AIM Global 2023), which is the leading investment platform for global investors and will launch its 12th edition on May 8 and 10 at the Abu Dhabi...