Menu
Arab and international economic and business news through alwast, financial and stock markets, Arab and international currency rates, as well as comprehensive reports and analysis on money management and investment.
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...