Business & Money | Saturday 2 September, 2023 1:55 am

Ministry of Industry issues 102 new licenses worth SAR 1.2 bln in July

The Ministry of Industry and Mineral Resources issued 102 new industrial licenses in July, at a total investment value of SAR 1.2 billion.   The new licenses covered five industrial activities, the majority of which (or 21 licenses) were in the food production field, followed by the...

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Business & Money | Saturday 2 September, 2023 1:13 am

DIFC announces proposed amendments to select legislation

Dubai International Financial Centre (DIFC) has proposed the enactment of amendments to the Employment Law, Trust Law, Foundations Law and Operating Law. The proposed legislative changes seek to ensure DIFC Laws remain in line with international best practice and OECD requirements. In addition,...

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Environment & Energy | Saturday 2 September, 2023 1:08 am

Saudi Arabia aims to help handle world's mineral supply chain shortage: Alkhorayef

Saudi Arabia's mining strategy aims to make the Kingdom a key partner in solving the shortage of mineral supply chains, said Bandar Alkhorayef, Minister of Industry and Mineral Resources.   This shortage is due to the strong demand for the minerals used in the electric vehicle...

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Tourism & Hospitality | Saturday 2 September, 2023 1:02 am

Tourism Ministry records SAR 22.8 bln surplus from travel payment balance in Q1

The Ministry of Tourism stated that the Kingdom achieved a SAR 22.8 billion surplus from the balance of travel payments in the first quarter of 2023.   In a statement, the ministry added that this was supported by a nearly 225% surge in inbound tourism revenues compared to the first...

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Government | Friday 1 September, 2023 9:21 pm

UAE, New Zealand enter preliminary discussions on Comprehensive Economic Partnership Agreement

Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, has received Damien O'Connor, New Zealand's Minister of Trade and Export Growth, in Dubai as the two nations explore deeper economic collaboration, including the pursuit of a Comprehensive Economic Partnership...

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Environment & Energy | Friday 1 September, 2023 1:04 pm

(MEICA 2023): Shaping the Future of Industries in the AI and Automation Era

The stage is set for the 4th Middle East Instrumentation, Cybersecurity, and Automation Conference & Showcase (MEICA 2023), a game-changing event that will bring together industry leaders, experts, and enthusiasts from around the world. MEICA 2023, scheduled for 12- 14 September] in the...

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Business & Money | Friday 1 September, 2023 4:47 am

REDF, Al Rajhi Bank sign agreement to finance Sakani program

The Real Estate Development Fund (REDF) and Al Rajhi Bank signed an agreement to finance the updated housing support program packages.   This agreement comes within the framework of continuous efforts to improve the ability of beneficiaries of Sakani program to afford housing costs,...

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Government | Friday 1 September, 2023 4:44 am

REGA says real estate auctions regulations come into effect

The Real Estate General Authority (REGA) has started application of the real estate auctions regulations, after being published in the official gazette.|   The application of this regulations ensures the registration of real estate auctions and protects the rights of all parties....

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Business & Money | Friday 1 September, 2023 4:42 am

NHC launches easy payment plans for nationals with SAR 7,000 salary

National Housing Co. (NHC) launched easy payment plans for beneficiaries, as part of its efforts to boost home ownership in the Kingdom to 70% by 2030.   The plan aims to raise the ownership rate among Sakani beneficiaries, whose net salaries do not exceed SAR 7,000 by offering...

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Tourism & Hospitality | Friday 1 September, 2023 2:00 am

Abu Dhabi International Airport Set to Welcome Travellers to New Terminal Starting November 2023

Abu Dhabi Airports has announced the forthcoming opening of its state-of-the-art new terminal at Abu Dhabi International Airport. Known as Midfield Terminal Building during the construction phase, ‘Terminal A’ is scheduled to begin operations in early November 2023.   Adding a...

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