Business & Money | Sunday 30 July, 2023 3:48 pm

Real estate sector contributes 12.8% of Saudi non-oil GDP in Q1 2023: REGA

The real estate sector's contribution to the Saudi non-oil GDP reached 12.8% in the first quarter of 2023, according to the Real Estate General Authority (REGA).   Spokesman of the REGA, Tayseer Al-Mufarrej, said that the Kingdom's real estate sector witnessed an exceptional period...

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Business & Money | Sunday 30 July, 2023 1:39 pm

Saudi Maritime Congress brings a global spotlight to the Kingdom's shipping and logistics sectors

With its economic diversification efforts, policy development, and foreign direct investment commitments over the next five years, the world's eyes are on the Kingdom of Saudi Arabia as it fast tracks to becoming a leading maritime hub. The 4th edition of the Saudi Maritime Congress will take place ...

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Business & Money | Sunday 30 July, 2023 12:55 pm

Social Development Bank Receives the Asian Banking & Finance Award 2023

The Social Development Bank (SDB) has been honored by Asian Banking & Finance (ABF) — the leading industry organization serving Asia's financial services sector — for its commitment to empowering small and micro-enterprises across the Kingdomof Saudi Arabia via Dulani Business Center, an...

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Business & Money | Sunday 30 July, 2023 9:18 am

MoF announces schedule of administrative penalties for corporate tax violations

The UAE Ministry of Finance (MoF) today announced the issuance of Cabinet Decision No. (75) of 2023 regarding administrative penalties for violations related to the Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses (Corporate Tax Law). The Cabinet Decision specifies...

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Business & Money | Sunday 30 July, 2023 8:55 am

AED 142 million worth TIR carnet transactions cleared by Dubai Customs

Dubai Customs supports the International Road Transport (TIR Carnet) system, the global customs transit procedure that enables goods to move under customs control from a country of origin, through transit countries, to a country of destination in secure sealed load compartments via a multilateral,...

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Business & Money | Sunday 30 July, 2023 8:54 am

TAM Development wins SAR 20.7 mln project from Ministry of Culture

TAM Development Co. received on July 27 a letter of award for a framework agreement to provide digital solutions and services for the Ministry of Culture at a total value of SAR 20.7 million, inclusive of VAT. Under the agreement, TAM will provide the necessary digital solutions to...

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Business & Money | Sunday 30 July, 2023 8:50 am

Dubai records real estate sales record during H1 2023

One of Dubai’s leading real estate agencies, Unique Properties, has observed an unprecedented surge in Dubai’s real estate sector, with a total of 60,440 sales transactions worth AED 177.3 billion being recorded during the first half of the year. The value of real estate sales recorded in...

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Business & Money | Saturday 29 July, 2023 2:10 am

solutions grants SAR 233 mln financing to subsidiary Giza Arabia

Arabian Internet and Communications Services Co. (solutions) announced today, July 27, granting SAR 233 million in financing to subsidiary Giza Arabia, located in Saudi Arabia, with no guarantees provided in return for the three-year loan, according to a Tadawul filing.   This...

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Business & Money | Saturday 29 July, 2023 2:05 am

Events Investment Fund acquires stake in Tahaluf

Saudi Arabia’s Events Investment Fund acquired a significant stake in Tahaluf, the Saudi event’s organizer company which is co-owned by Informa PLC and the Saudi Federation for Cyber Security, Programming and Drones (SAFCSP).   This investment forms part of the Events Fund's...

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Business & Money | Saturday 29 July, 2023 1:40 am

Emirati Human Resources Development Council organises Emirates 'Open Career Day' at Um Suqeim Majlis

The Emirati Human Resources Development Council (EHRDC), in collaboration with the Ministry of Human Resources and Emiratisation, NAFIS programme, the Dubai Community Development Authority and The Dubai College of Tourism (DCT), successfully organised an Open Career Day at Um Suqeim Majlis. This...

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