Business & Money | Monday 25 November, 2024 8:00 am

FTA renews its calls for Resident Juridical Persons with Licences issued in October, November to register for Corporate Tax before end of November 2024

The Federal Tax Authority (FTA) has renewed its calls for Resident Juridical Persons with Licences issued in October and November, irrespective of the year of issuance, to promptly submit their Corporate Tax registration application no later than 30th November 2024, in order to avoid Administrative ...

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Business & Money | Monday 25 November, 2024 8:00 am

Sharjah Chamber highlights efforts to support business councils in strengthening emirate’s economic position

The Sharjah Chamber of Commerce and Industry (SCCI) showcased its efforts to solidify the emirate's position as a leading economic hub, reaffirming its commitment to supporting initiatives and events that strengthen connections between business communities. It also emphasised its role in empowering ...

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Business & Money | Monday 25 November, 2024 8:00 am

Dubai to host 17th edition of Arab Plast next January

Under the patronage of H.H. Sheikh Hasher bin Maktoum bin Juma Al Maktoum, Chairman of Dubai Media Incorporated, the Dubai International Convention and Exhibition Center will host, from 7th to 9th January 2025, the 17th edition of the Arab Plast International Trade Fair for Plastics, Recycling,...

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Business & Money | Monday 25 November, 2024 8:00 am

Expo Sharjah discusses future of exhibition industry at UFI Global Congress in Germany

Expo Centre Sharjah, represented by Saif Mohammed Al Midfa, CEO of Expo Centre Sharjah and board member of the Global Association of the Exhibition Industry (UFI), participated in the 91st UFI Global Congress recently held in Cologne, Germany. This participation underscores the Centre’s...

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Business & Money | Monday 25 November, 2024 8:00 am

Maktoum bin Mohammed chairs Dubai Real Estate Corporation Board meeting, approves 2025 budget

H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister, Minister of Finance and Chairman of Dubai Real Estate Corporation, today met with the corporation’s Board of Directors to approve its budget for 2025. During the meeting, the board...

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Business & Money | Monday 25 November, 2024 8:00 am

National Building’s subsidiary renews SAR 127M credit facilities with Al Rajhi Bank

National Building and Marketing Co.’s subsidiary, Ajeej Steel Manufacturing Co., renewed a Shariah-compliant credit facility agreement worth SAR 127 million with Al Rajhi Bank. The facility, running for four to 48 months depending on the nature of utilization, is guaranteed by the main terms ...

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Business & Money | Monday 25 November, 2024 8:00 am

Nice One issues prospectus for TASI offering of 34.65M shares

Nice One Beauty Digital Marketing Co. issued the prospectus for floating 34.65 million shares, representing 30% of post-IPO capital (31.5% of pre-IPO capital), on the Main Market (TASI), at a nominal value of SAR 1 apiece.The offering includes the sale of 25.24% of current shares and the issuance...

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Business & Money | Monday 25 November, 2024 8:00 am

Shelf Drilling, Borr Drilling suspend offshore rigs in Saudi Arabia

Shelf Drilling and Borr Drilling announced receiving notices to suspend operations on their offshore drilling rigs in Saudi Arabia. Shelf Drilling said in a press statement that it received a notice to suspend operations on the High Island 2 rig from its Middle Eastern client Saudi...

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Business & Money | Monday 25 November, 2024 8:00 am

Saudi economic growth likely to further accelerate in 2025: Riyad Capital

Riyad Capital said, in its “Saudi Economic Chartbook” report, it projects continued solid growth for non-oil activities, fostered by a growth-oriented fiscal policy, supported by the Public Investment Fund (PIF), with a focus on increased investment spending which will spur growth in the coming ...

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Business & Money | Monday 25 November, 2024 8:00 am

World Investment Conference kicks off in Riyadh on Nov. 25

The World Association of Investment Promotion Agencies (WAIPA) and Invest Saudi will hold the 28th annual World Investment Conference (WIC) in Riyadh from Nov. 25 to 27, under the patronage of Crown Prince and Prime Minister Prince Mohammed bin Salman. The event will gather global leaders in...

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