Culture & Education | Sunday 5 May, 2024 9:24 am

Art Souk: A Creative Space Celebrating Emerging Talent

Dubai Culture and Arts Authority (Dubai Culture) has announced the commencement of preparations for the second edition of the Art Souk, set to take place at the Al Jalila Cultural Centre for Children from 10 to 12 May. This weekend marketplace event aims to foster a sustainable environment that...

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Business & Money | Sunday 5 May, 2024 9:14 am

Chinese business owners explore investment opportunities in Ras Al Khaimah

A group of 34 Chinese business owners recently visited Ras Al Khaimah to explore the dynamic business environment and investment opportunities within Ras Al Khaimah Economic Zone (RAKEZ). During their visit, the group toured the state-of-the-art facilities of U-PAK and Mabani Steel in...

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Business & Money | Sunday 5 May, 2024 9:09 am

NMDC Group Announces Financial Results for Q1 2024, Reporting 112% Surge in Net Profits

NMDC Group,  a global leader in engineering, procurement, construction, and marine dredging (Abu Dhabi Securities Exchange: NMDC), has announced its financial results for the first quarter of 2024 (Q1 2024), reporting a 67% growth in revenues and a 112% surge in net profits compared to the...

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Business & Money | Sunday 5 May, 2024 9:01 am

Economy Middle East Summit 2024 Highlights Economic Growth Prospects of MENA Region

The Economy Middle East Summit 2024 convened high-profile leaders at Abu Dhabi Global Market to share insights on “Accelerating Future Growth ” of the MENA region. The event brought together top-tier attendees including UAE Minister of Economy H.E. Abdulla Bin Touq Al-Marri. Salem Al...

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Business & Money | Sunday 5 May, 2024 8:55 am

Esports World Cup and Barn’s Coffee Partner for Historic Esports Event

The Esports World Cup Foundation (“EWCF”) and Barn’s Coffee (“Barn’s”) are set to stir up the gaming world with a partnership poised to make history at the inaugural Esports World Cup in Riyadh, Saudi Arabia this summer. As the exclusive coffee brand of EWC, Barn’s is brewing...

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Government | Saturday 4 May, 2024 3:33 pm

ZATCA amends executive regulations for real estate transactions tax

The Zakat, Tax and Customs Authority (ZATCA) made amendments to the executive regulations for real estate transactions tax, which included a number of transactions excluded from the application of tax.   The excluded transactions include a person offering his own property as an...

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Cars & Autos | Saturday 4 May, 2024 3:30 pm

Saudi Arabia imports 93,300 cars in 2023

Saudi Arabia imported 93,300 cars in 2023, compared to nearly 66,900 in 2022, Saudi Press Agency reported, citing Hamoud Al-Harbi, spokesperson for the Zakat, Tax and Customs Authority (ZATCA).   Thus, the total number of cars imported in 2022 and 2023 through all Saudi Arabia's...

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Environment & Energy | Saturday 4 May, 2024 12:11 am

Electric Mobility in GCC – Green Growth Opportunities for Utility Companies

The world is facing a climate emergency. For centuries, fossil fuels have been the backbone of industry and economic growth, but the emissions they release into the atmosphere have eroded the Earth’s natural defences, placing life in all its forms under threat. Responsible for around a quarter of ...

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Business & Money | Friday 3 May, 2024 3:38 pm

Ortac International Accounting Opens Dubai Office

Dubai's removal from the gray list in February 2024 further enhances its appeal, increasing operational ease for foreign entities and facilitating global business expansion, the region has become an appealing destination for Turkish enterprises. The surge in foreign trade is underscored by the...

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Business & Money | Friday 3 May, 2024 1:00 pm

NMDC Group reports 112% surge in Q1 2024 net profits

NMDC Group has announced its financial results for the first quarter of 2024 (Q1 2024), reporting a 67% growth in revenues and a 112% surge in net profits compared to the same period last year. In addition, NMDC Group announced the launch of new projects and the commencement of strategic...

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