Saudi Arabia Economy Soars, Surpassing $1.1 Trillion in GDP

In the aftermath of recent natural disasters in the United Arab Emirates (UAE), insurance companies are recalibrating their premiums to reflect heightened risks.

In an effort to streamline customs procedures and enhance the experience of travelers, Saudi Arabia's Zakat, Tax, and Customs Authority (ZATCA) has recently introduced measures to facilitate duty-free markets at various customs points across the...

In recent months, regulatory authorities in both Abu Dhabi and Dubai have intensified efforts to ensure compliance with real estate regulations. This article delves into the enforcement actions taken against non-compliant real estate agents,...

Dubai’s Emirates Group has unveiled its strongest financial performance ever for the fiscal year 2023–24, boasting remarkable profits, revenue, and cash asset levels.

On a Saturday, rescuers and observers in South Africa were moved to tears of joy as they observed the incredible survival of a person who had been buried for an incredible 116 hours under the rubble of a collapsed building.

An announcement was made on Saturday by AD Mobility regarding the partial closure of two important roadways in Abu Dhabi for a month. As Authorities in Al Ain have announced that beginning on Sunday, May 12 at 12am and continuing until Sunday, June...

Discover the intricacies of UAE visa cancellation: Can you stay after leaving your job? Get expert insights, FAQs, and actionable tips in this comprehensive guide.

Recall that overtime caps at two hours each day and that a three-week maximum of 144 hours may be worked

Imagining the pride of hearing one's son lead the prayer at the local mosque is a sentiment that resonates deeply with many parents.

Due to the fact that the first station of its sort, which is also the first station to export liquefied gas from Canada, is about to begin operations, it is anticipated that the amount of gas that is exported from Canada to the United States would...

The surge in demand for comprehensive insurance packages has skyrocketed by up to 100% in the aftermath of the recent heavy rains that inundated various parts of the UAE, particularly Dubai, Sharjah, and Ajman.

Dubai's Crown Prince, Sheikh Hamdan, unveiled the Dubai Universal Blueprint for Artificial Intelligence, marking a significant stride towards digital integration and economic advancement in the emirate. Launched as an annual initiative, the...

Abu Dhabi Airports, which manages five airports in the emirate, experienced a notable surge in passenger traffic during the first quarter of 2024, marking a substantial increase of over 35% compared to the same period in 2023.

Flynas, Saudi Arabia's budget airline, under the leadership of Chief Executive Bander Al Mohanna, has unveiled plans for an initial public offering (IPO) later this year, intending to list its shares on the Tadawul stock exchange.

In February, the Saudi central bank witnessed a decline in its net foreign assets, as per the data released by the central bank on Friday. The decrease amounted to $7.20 billion compared to the previous month's figures.

Saudi Arabia is actively diversifying its economy away from oil dependence by investing significantly in non-oil sectors, a move aimed at spurring growth rates and fostering economic resilience.

Qatar-based Commercial Bank has recently initiated the issuance of $750 million worth of bonds in U.S. dollars, with a maturity date set for 2029, according to documentation provided by one of the arranging banks on Tuesday.

Dell communicated its new policies, set to take effect in May, through an internal memo that outlined requirements for hybrid staff.

Huspy, a pioneering real estate startup in Dubai, has introduced a groundbreaking range of mortgages in the UAE, boasting interest rates below 4 percent.

Real estate transactions in Oman experienced a notable decline of 20.2 percent, amounting to OR207.8 million ($540 million) by January 2024, compared to OR260.5 million ($677 million) recorded during the same period in 2023, as per the latest figures...

Riyadh Air, Saudi Arabia's newest national carrier, celebrated its inaugural year on March 12, 2023, with a series of strategic alliances and agreements designed to enhance its operations.

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...

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...

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.