By mid-2024, Neom will be making hydrogen for vehicles such as buses and trucks, Dave Edmondson, CEO of Neom Green Hydrogen, said in Dubai
The company will continue to pursue the IPO of Olam Agri at the next practical window without providing any approximate time frame
These developments follow the $32m Series A fundraise and partnership with Visa aimed at strengthening its presence in the Saudi market
This is the sixth tranche under SRC’s upsized SAR20bn sukuk programme
The Saudi Space Commission announced the successful separation of the SpaceX spacecraft carrying the two Saudi astronauts from the ISS
The milling company said big investors placed orders worth SAR68.8bn, almost 69 times more than was available to them
The launch of the Global EV Market is in line with the country’s objective to transition to net zero and set itself up as a global electric vehicle hub
The decision further clarifies the conditions under which UAE resident entities that are 95 per cent or more commonly owned can form or join a tax group and be treated as a single entity
More than 15 government, semi-government and private agencies have participated in preparing and reviewing the policy to ensure its alignment with the relevant national and local strategies
The grace period to register for the government-mandated unemployment insurance scheme runs out in a month
The Dubai-listed firm will acquire the existing cooling infrastructure at the Intellion Park development, which covers a total area of 3.5 million square feet
From November 1, the airline will operate twice weekly services between the two destinations as part of its winter schedule
As part of the new partnership, Aioka will enhance the team’s offer to guests, as well as to corporate groups and individuals
IFPA works to promote intra-OIC trade and investment between agri-food private-sector businesses across the entire ecosystem and food supply chain in member states
The taxi sector in Dubai showed 6 per cent growth during the first quarter of 2023
The country’s fiscal and debt positions strengthened in 2022 on the back of higher oil prices and budget consolidation measures
The 7th generation satellite successfully lifted off from launch complex 40 at Cape Canaveral air force station
This code enables visitors and guests to conveniently scan it and access essential information about the operator of the holiday home and the relevant contact details for the Department of Economy and Tourism
The Saudi SEZs offer competitive corporate tax rates, exemption from customs duties on imports, production inputs, machinery and raw materials, and 100 per cent foreign ownership of companies
Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai announced the follow up space mission scheduled to launch in 2028
The utility firm is currently working on three other reservoir projects in Nakhali, Hassyan and Hatta in addition to the newly commissioned reservoir
The British trade secretary’s visit to the UAE focused on growing bilateral economic relations and creating momentum for a UK-GCC trade deal
The futures contracts will help investors effectively hedge against market volatility and make profitable trades
Through this transaction, which is valued at Dhs150m, Aldar will hold a majority stake of 75 per cent in Basatin with the remaining 25 per cent held by a strategic partner
The central bank said the net foreign assets dropped to SAR1.54tn in April from SAR1.57tn the previous month
The kingdom has also invested in esports and video games and committed billions of dollars of spending on football stars, teams and tour sponsorships
It will allow the airline’s loyalty programme members to collect and spend Avios on purchases at a range of partners in Qatar
The new installation will speed up clearance operations for heavy and light vehicles, equipment, and yachts at the Jebel Ali and TECOM Customs Centre
The two countries agreed to strengthen their cooperation and exchange knowledge, experiences and best practices in the field of tax policy
Housing loans for 2,000 Emiratis were approved under the Sheikh Zayed Housing Programme