Business & Money | Saturday 28 April, 2018 1:16 pm

Nakheel and Vienna House to create USD160 million beachfront resort at Dubai’s Deira Islands

Dubai-based master developer Nakheel is planning a new partnership with Austria’s largest independent hotel chain, Vienna House, to create a USD160 million, 600-room beachfront resort at Deira Islands, adding yet another international hospitality brand to the emirate’s ever-growing...

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Business & Money | Saturday 28 April, 2018 1:06 pm

UITP MENA Transport Congress & Exhibition 2018 Is a Success

Under the patronage of H.H Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Executive Council, The Roads and Transport Authority (RTA) in Dubai hosted the UITP MENA Transport Congress & Exhibition 2018 from 23rd-25thApril 2018 atthe Dubai...

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Business & Money | Saturday 28 April, 2018 12:28 pm

Saudi commercial mortgage law's executive regulation Issued

The Ministry of Commerce and Investment issued the executive regulation of the commercial mortgage law, pursuant to Article (45) of the law issued by Royal Decree No. (M/86) dated April 24, 2018, which states that "the minister shall issue the regulations within (60) days of date of...

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Business & Money | Saturday 28 April, 2018 12:26 pm

OIC, EU hold talks for Palestinian people

 A delegation from the executive committee of the Organization of Islamic Cooperation (OIC) held talks in Brussels with EU foreign policy chief Federica Mogherini on the US decision to recognize Jerusalem as Israel’s capital and move its embassy there from Tel Aviv. OIC...

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Business & Money | Friday 27 April, 2018 5:10 am

Al-Awwad approves executive bylaw for electronic publication

The Minister of Culture and Information Dr. Awwad Al-Awwad has approved the executive bylaw for electronic publication of all kinds and forms, Saudi Press Agency (SPA) reported Thursday. The executive bylaw comprises 17 articles specifying mechanisms for electronic publication activities of all...

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Business & Money | Friday 27 April, 2018 4:09 am

Saudi Arabia has lion’s share of regional philanthropy

Nearly three quarters of philanthropic foundations in the Middle East are concentrated in Saudi Arabia, according to a new report. The study, conducted by researchers at Harvard Kennedy School’s Hauser Institute with funding from Swiss bank UBS, also found that resources were highly...

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Business & Money | Friday 27 April, 2018 3:38 am

Sultan Al Qasimi Donates USD 1 Million to Fuel Outstanding Humanitarian Efforts of Malaysia’s Dignity 
for Children Foundation

His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah has donated USD 1 million to the Children for Dignity Foundation from Malaysia to fuel their on-going efforts to offer educational and support services to the marginalised and displaced...

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Business & Money | Thursday 26 April, 2018 2:52 pm

Abu Dhabi Commercial Bank Pjsc ,Reports First Quarter 2018 Net Profit of Aed 1.207 Billion

Abu Dhabi Commercial Bank PJSC (“ADCB” or the “Bank”) today reported its financial results for the first quarter of 2018 (“Q1’18”).   Financial highlights (31 March 2018)       Robust underlying...

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Business & Money | Thursday 26 April, 2018 12:42 pm

General Authority for Zakat and Tax publishes a VAT import/export guide

The General Authority for Zakat and Tax (GAZT) published a helpful guide on its treatment of imported and exported goods and services subject to Value Added Tax (VAT) under the GCC Unified VAT Agreement and VAT Law and Implementing Regulations.   The guide, which covers all VAT articles...

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Business & Money | Thursday 26 April, 2018 12:38 pm

News Services Group Officially Announces the Rebranding of ME NewsWire to AETOSWire

News Services Group (NSG) officially announces the rebranding of its news distribution arm ME NewsWire to AETOSWire. Tony AbiHanna, President and CEO of NSG, AETOSWire and Esmaa News, explained the reason behind this timely move: “In 10 years, we have grown exponentially as a...

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