Business & Money | Monday 7 October, 2024 8:00 am

SAIF Zone to participate in 1st edition of Global Rail Transport Infrastructure Exhibition and Conference

Sharjah Airport International Free Zone (SAIF Zone) is set to participate in the first Global Rail Transport Infrastructure Exhibition and Conference (GRTIEC), running from 8th to 10th October at ADNEC. The event, under the theme Setting Transport Infrastructure and Global Connectivity in...

More Details

Business & Money | Monday 7 October, 2024 8:00 am

Al-Etihad Insurance signs SAR 391.2M contract with HRSD Ministry

Al Etihad Cooperative Insurance Co. signed today, Oct. 6, a contract worth SAR 391.25 million with the Ministry of Human Resources and Social Development (HRSD), according to a Tadawul statement. The insurer said the one-year contract is for insurance coverage of the financial dues of...

More Details

Business & Money | Monday 7 October, 2024 8:00 am

Ministry of Commerce issues 39,800 e-commerce registers in Q3 2024

The Ministry of Commerce issued 39,800 e-commerce registers in Q3 2024, up nearly 9.4% from roughly 36,300 in the same period a year ago, according to its latest bulletin on the performance of the Saudi business sector. Meanwhile, total issued commercial registers amounted to 135,900 during...

More Details

Business & Money | Monday 7 October, 2024 8:00 am

Lana opens medical waste plant in Aseer Province

Lana Medical Co. (environmental segment) opened a high-risk medical waste treatment plant in Aseer Province after securing the necessary regulatory approvals and licenses, according to a Tadawul statement. The plant will serve the Aseer region and southern Saudi Arabia,...

More Details

Tourism & Hospitality | Sunday 6 October, 2024 12:37 pm

New Murabba Showcased Visionary Hospitality Development at Future Hospitality Summit

New Murabba Development Company – a PIF Company, proudly announced its platinum sponsorship of the Future Hospitality Summit, that took place from September 30 to October 2 in Dubai. As a forward-thinking player in the hospitality industry, New Murabba is committed to seizing opportunities and...

More Details

Business & Money | Sunday 6 October, 2024 10:31 am

Ministry of Finance announces amendments to Executive Regulations of Federal Decree-Law on Value Added Tax

The Ministry of Finance announced that the UAE Cabinet has approved Decision No. 100 of 2024, which amends certain provisions of the Executive Regulations of Federal Decree-Law No. 8 of 2017 on Value Added Tax (VAT).The Ministry emphasised that these amendments reflect its ongoing commitment to...

More Details

Business & Money | Sunday 6 October, 2024 10:28 am

Federal Tax Authority participates in cooperation forum of Belt and Road Initiative in Hong Kong

The United Arab Emirates, represented by the Federal Tax Authority (FTA), participated in the 5th Forum on Cooperation between Tax Administrations for the Belt and Road Initiative, which was held in Hong Kong. The three-day forum was attended by representatives from tax authorities,...

More Details

Business & Money | Sunday 6 October, 2024 10:15 am

Aviation sector shines with positive growth indicators on 'UAE Civil Aviation Day'

The UAE's aviation sector today celebrated the “UAE Civil Aviation Day”, which falls on 5th October each year, marking the anniversary of the first airplane landing in the UAE, specifically in the Emirate of Sharjah, on the same day in 1932. The runway for the airplane landing was prepared in...

More Details

Business & Money | Sunday 6 October, 2024 10:10 am

Subscription to Sah product starts on Oct. 6, return set at 4.92%

Individuals will start subscribing to the October issuance of the Shariah-compliant, government-backed savings product (Sah) on Oct. 6. The sukuk are issued by the Ministry of Finance and are arranged by the National Debt Management Center’s (NDMC). The return was set at 4.93%,...

More Details

Business & Money | Sunday 6 October, 2024 10:05 am

stc Group and Ooredoo Group Collaborate to Elevate the ICT digital ecosystem

In a significant step towards advancing the region's digital landscape, leading digital enablers and telecom players stc Group and Ooredoo Group have signed a Memorandum of Understanding (MoU) to establish a strategic collaboration. This collaboration aims to enhance the ICT ecosystem and expand...

More Details