Government | Tuesday 30 April, 2024 8:50 am

Saudi Arabia continues to create investment opportunities in emerging sectors

Prince Mohammed bin Salman bin Abdulaziz, Crown Prince, Deputy Prime Minister, and Minister of Defense, affirmed that Saudi Arabia has early recognized the importance of international cooperation, growth, and energy. It has worked on enhancing partnership and integration, stressing the Kingdom's...

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Government | Tuesday 30 April, 2024 8:07 am

UAE Corporate Tax to Bolster Future Economic Sustainability

The United Arab Emirates has initiated a transformative fiscal policy with the introduction of a federal corporate tax, aiming to cement its economic future’s resilience and prosperity. This strategic policy shift, outlined in Federal Decree-Law No. (47) of 2022, aligns with international tax...

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Business & Money | Tuesday 30 April, 2024 8:00 am

ITFC Signs Multiple Agreements with Member Countries and Strategic Partners

The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development Bank (IsDB) Group, commenced the first day of the 49th IsDB Group Annual Meeting with a series of strategic meetings and important signings. Held at the Intercontinental Hotel, Riyadh, the first day of...

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Business & Money | Tuesday 30 April, 2024 1:39 am

Emirates Islamic becomes first Islamic bank in the region to introduce Fractional Sukuk for investors

Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has launched Fractional Sukuk, an innovative new product catering to investors. The exclusive offering grants customers access to international Sukuk markets with a minimum investment as low as USD 25,000. The...

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Tourism & Hospitality | Monday 29 April, 2024 6:56 pm

SUN SIYAM IRU VELI UNVEILS TWO REMARKABLE NEW GUEST EXPERIENCES: THE FLOATING DELIGHTS AND THE PRIVATE LAGOON BREAKFAST

Expanding its collection of remarkable island memories, Sun Siyam Iru Veli proudly presents two exceptional signature guest experiences: the Floating Delights and the Private Lagoon Breakfast, promising moments of unparalleled indulgence and exclusivity.The Floating Delight Experience: A Culinary...

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Culture & Education | Monday 29 April, 2024 1:04 pm

ROSHN to Support Saudi Arabia’s First Opera “Zarqa Al-Yamama” as Presenting Partner

As part of its commitment to supporting the Kingdom’s art sector and Saudi creativity, ROSHN Group, the PIF-owned giga-project and Saudi Arabia’s most trusted real estate developer, has partnered with the national Theatre and Performing Arts and Commission to sponsor the first Saudi opera,...

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Business & Money | Monday 29 April, 2024 11:06 am

Azizi Developments and Kettle Collective partner for Azizi Venice

Azizi Developments, a leading private developer in the UAE, has announced its partnership with UK-based design studio Kettle Collective for the concept design of twelve buildings in its approximately AED 30 billion mixed-use development, Azizi Venice, located in Dubai South. Founded in...

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Business & Money | Monday 29 April, 2024 10:21 am

Automechanika Riyadh opens tomorrow

Automechanika Riyadh, Saudi Arabia’s leading trade show for the automotive aftermarket, opens tomorrow for its sixth edition. From 30 April to 2 May 2024 at the Riyadh International Convention and Exhibition Centre (RICEC), the event will feature over 340 exhibitors from 26 countries and is...

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Business & Money | Monday 29 April, 2024 10:17 am

Al Rajhi Bank’s financing portfolio grows, NPL coverage hits 175%, says Chairman

Mr. Abdullah bin Sulaiman Al Rajhi, Chairman of the Board of Directors of Al Rajhi Bank, announced today that Al Rajhi Bank has achieved its highest quarterly profits since its founding, with a net income reaching 4,405 million riyals for the first quarter of 2024. This represents an increase of...

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Business & Money | Monday 29 April, 2024 10:10 am

DIFC delivers record 23 percent YoY growth in underwriting volumes, reaching annual $2.6 bn in gross written premiums

Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa and South Asia (MEASA) region, has consolidated its position as the principal hub for the (re)insurance industry, with the highest gross written premiums (GWP) recorded in its 20-year history at ...

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