July 4, 2023

Dubai International Chamber assists Senco Gold and Diamonds in entering the UAE market for the first time.

Senco Gold and Diamonds, a renowned household name in India with a reputable presence of 139 showrooms spanning five decades, has an impressive annual turnover of approximately US$450 million.

July 4, 2023

Suhail Al Mazrouei emphasizes OPEC+’s commitment to maintaining oil market stability by closely monitoring various variables.

Suhail bin Mohammed Al Mazrouei, the Minister of Energy and Infrastructure, has emphasized the commitment of the Organisation of the Petroleum Exporting Countries (OPEC) and its allies in OPEC+ to maintain market balance and stability.

July 4, 2023

Positive performance in the equity markets of the Gulf Cooperation Council (GCC) was driven by strong showings from Saudi Arabia and the UAE.

Following a significant downturn in May, the equity markets of the Gulf Cooperation Council (GCC) countries experienced a promising rebound in June, with the United Arab Emirates (UAE) and Saudi Arabia leading the way.

July 4, 2023

Saudi Arabia and the United Arab Emirates (UAE) have jointly pledged $6 billion to facilitate investment ventures in Iraq.

Saudi Arabia and the United Arab Emirates (UAE) have jointly pledged $6 billion to support the expansion of international trade and investment in Iraq, according to a report by the Iraqi News Agency.

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.

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