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For an enterprise value of 12.5 billion Saudi riyals ($3.33 billion), the Public Investment Fund (PIF) will acquire Saudi Iron and Steel Company (Hadeed) from Saudi Basic Industries Corp (SABIC). This transaction is expected to be finished by the end...
A senator has voiced concerns that some of the requirements outlined in the revised travel guidelines for Filipinos are overly "prohibitive." One such requirement cited is the affidavit of support and guarantee, which Filipinos would need...
Saudi Arabia and Russia have announced their decision to extend voluntary oil production cuts until the end of the year, defying expectations of a tight supply in the fourth quarter.
The federal law is designed with a primary objective, to safeguard the nation's sophisticated infrastructure while concurrently elevating road safety standards.
The Abu Dhabi Judicial Department (ADJD) has emphasized that legal actions will be pursued against the individual responsible for disseminating the misleading audio recording. This stern response reflects the seriousness with which the UAE...
The first-class check-in desks at Terminal 3 of Dubai International Airport are currently closed until October 1 for renovations by Emirates, the city's top airline. As The overall passenger experience is expected be improved by this closure....
Under the leadership of the Crown Prince, the Sharjah Executive Council has taken a significant step by offering a 50% reduction on financial fines associated with municipal violations. This generous discount applies to fines that were issued before...
Expatriates leaving Kuwait now face a new mandate from the Ministry of Interior, which requires clearing all outstanding debts before departure is obligatory.
Microsoft has disclosed the underlying motive behind the unauthorized access to the accounts of American officials.
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.
A cyber security threat that may have an effect on users of Apple and Android has been alerted to by the UAE Cyber Security Council.
Salalah Airport in Oman recently achieved a significant milestone by conducting its first-ever cargo service test flight, marking a pivotal moment in the country's efforts to establish a seamless and efficient logistics network that bridges air...
An earthquake that struck Morocco at about 11 p.m. local time on Friday killed 630 people and injured 329 others. Rescue workers were looking for survivors of a strong earthquake that struck the Atlas Mountains, some 50 miles from Marrakesh.
The Ministry of Transport, Communications, and Information Technology in Oman has embarked on a substantial initiative to elevate taxi services at the nation's airports.
Employees working within the private sector, federal government agencies, and free zones in the United Arab Emirates (UAE) must have a solid understanding of the essential aspects of the mandated job loss insurance. The deadline to enroll in the...
The discussion around the resurgence of the Corona pandemic is not an instance of hyperbole or alarmism, but rather a reflection of the factual situation as evidenced by statistical data released by the World Health Organisation. The organizationally...
Saudi Arabia, the world's largest crude oil exporter, witnessed a significant drop in its crude oil shipments last month, reaching a more than two-year low. This decline is attributed to the coordinated production cuts by the Organization of...
Introducing a direct, nonstop flight service between Jeddah and Baghdad is the Saudi airline Flynas. Travelers may now easily and quickly get between these two cities thanks to this new flight route.
Ajman's transport authority introduced new taxi fares on Thursday, coinciding with the release of September's fuel rates.
The assets under management (AUM) of the Kuwait Investment Office (KIO), one of the biggest sovereign wealth funds in the world with its worldwide headquarters in London, have significantly increased.
The rising demand for minerals in manufacturing has resulted in supply chain problems, which Bandar Al-Khorayef, Saudi Arabia's minister of industry, has stated the country is determined to overcome. During a meeting hosted by the board for...
In order to prevent violations of emiratization in employment establishments across a range of industries, the United Arab Emirates' Ministry of Human Resources and emiratization has announced the beginning of inspection campaigns.
UAE banks are embarking on a significant upgrade to their terms and conditions, slated to commence from November 2023. As part of this transformative process, a number of these banks have officially announced their adoption of biometric...
The UAE has recently experienced a series of fuel price hikes, it's important to note that even with these increases, local fuel rates remain notably more affordable than the global average. Despite the rise in prices, local fuel costs are...