July 4, 2023

Red Sea Global secures a $720 million agreement with Saudi Airlines Catering Co.

Saudi Airlines Catering Co. (SACC) has recently signed a substantial SR2.7 billion ($720 million) deal with Red Sea Global (RSG) to provide laundry services for hotels at RSG’s tourist developments.

July 3, 2023

The AW23 collection from LINDBERG has been unveiled.

ecognizing the significant impact eyewear has on how a person is perceived, LINDBERG emphasizes the importance of understanding how different shapes and sizes can help create the desired expression.

July 3, 2023

The Abu Dhabi International Hunting and Equestrian Exhibition is set to launch on September 2nd.

Under the esteemed patronage of His Highness Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region and Chairman of the Emirates Falconers Club, the 20th edition of the Abu Dhabi International Hunting and Equestrian Exhibition (ADIHEX 2023) is poised to captivate the UAE capital, Abu Dhabi.

July 3, 2023

Saudi Arabia Introduces New VAT Calculation Method for Secondhand Car Sales

The secondhand car business in Saudi Arabia can now anticipate significant relief as the government introduces a new taxation method that reduces the value-added tax (VAT) on the sale of used vehicles.

July 3, 2023

The PIF has achieved top ranking in the Middle East and seventh place globally for its impressive performance in the GSR assessment.

Saudi Arabia’s Public Investment Fund (PIF) has secured the first position in the Middle East region and seventh globally out of 100 global state-owned funds in the evaluation of governance, sustainability, and resilience practices by the Global Sovereign Wealth Funds.

July 3, 2023

ACWA Power has authorized a buyback of 2 million shares and has declared an 8.3% dividend for the year 2022.

Shareholders of Saudi energy firm ACWA Power have given their stamp of approval for the buyback of 2 million shares during an extraordinary general meeting held on June 22.

July 1, 2023

In the second quarter, the UAE free zone extends a warm welcome to 1,500 fresh companies.

Ras Al Khaimah, UAE – In an impressive display of economic vitality, a free zone in the United Arab Emirates (UAE) has experienced a surge in business activity, welcoming more than 1,500 new companies during the second quarter of 2023. Ras Al Khaimah Economic Zone (RAKEZ) has witnessed a remarkable 132 percent increase compared to […]

July 1, 2023

The CEO of Lucid declares that the collaboration with Aston Martin on electric vehicle technology marks only the initial step in their partnership.

Lucid, the US-based electric vehicle (EV) company, has revealed its intentions to pursue additional agreements for the sale of its luxury EV equipment as part of its strategy to expand its technology supply business.

June 30, 2023

Microsoft’s CEO, Satya Nadella, expressed to the judge that his proposed acquisition of Activision is beneficial for the gaming industry.

Microsoft CEO Satya Nadella told a judge late on Wednesday that his company’s proposed $69 billion takeover of video game-maker Activision Blizzard will be good for the gaming industry, remarks that came as he defended the deal against an attempt by federal regulators to block it.

June 30, 2023

Dubai Refreshments has finalized the sale of its Al Quoz plot to Al Futtaim for a total of $68.6 million.

Dubai Refreshments, a prominent company in Dubai’s beverage industry, has recently finalized a deal to sell its Al Quoz plot to Al Futtaim for a substantial amount of $68.6 million.

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