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...

More Details

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...

More Details

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...

More Details

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...

More Details

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...

More Details

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 ...

More Details

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...

More Details

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...

More Details

Business & Money | Friday 3 May, 2024 12:58 pm

DFM, SIX forge strategic partnership to market accessibility

Dubai Financial Market (DFM) and SIX, the Swiss Financial Market Infrastructure Group, announced the signing of a collaboration agreement during the second edition of the Capital Market Summit. The partnership underscores a shared commitment to exploring and implementing collaborative...

More Details

Government | Friday 3 May, 2024 12:51 pm

13 gov’t entities protect products of 1,339 factories in Saudi from unfair competition: Official

Jarrah Aljarrah, Official Spokesperson for the Ministry of Industry and Mineral Resources, said that 13 government entities are working to address the challenges facing the industrial sector due to unfair competition. They study these challenges and develop the appropriate tools to resolve them in...

More Details