The Ministry of Finance of the United Arab Emirates has established a partnership with LuLu Retail to integrate the business-to-business (B2B) e-commerce service, LuLuOn, into the federal government’s digital procurement framework. This collaboration aims to improve the effectiveness and clarity of government procurement operations. Through this partnership, federal agencies will gain direct access to LuLu’s...
The Dubai Multi Commodities Centre (DMCC) has introduced new licenses for Special Purpose Vehicles (SPVs) and Holding Companies. This initiative aims to enhance business structuring options for companies operating in Dubai and globally. The new licenses are designed to attract a wider range of businesses and facilitate their operations. DMCC officials stated that these new...
Saudi Arabia has achieved the top rank for the third consecutive year in the Middle East and North Africa (MENA) region according to the 2024 Government Electronic and Mobile Services Maturity Index. This index, published by the UN Economic and Social Commission for Western Asia, evaluates the effectiveness of government services delivered through electronic applications...
Sheikh Hamdan bin Mohammed, the Crown Prince of Dubai, Deputy Prime Minister, and Minister of Defence, recently launched a new initiative aimed at fostering Emirati neighbourhoods in Dubai. This project is designed to bring people together and strengthen social connections within the community. The initiative seeks to enhance community bonds by encouraging local engagement and...
Flydubai has announced several new flights and routes for 2025, enhancing travel options directly from Dubai. The airline has added five new destinations to its extensive network, including exciting locations in Turkey, Egypt, and Iran, as well as the return of a popular city in Italy. With many public holidays on the horizon, this announcement...
Yango Group, a global tech company, has launched a pilot program for autonomous robot-powered food delivery at Expo City Dubai. This service aims to enhance convenience for employees, residents, and visitors, contributing to Dubai’s vision of a smart city. During the four-month pilot program, autonomous robots will deliver meals from select cafés and restaurants to...
United Carton Industries Company (UCIC), a Saudi cardboard packaging producer, has announced that it will raise 600 million Saudi riyals (approximately $159.98 million) by setting its final initial public offering (IPO) price at SAR 50 per share. This move will position the company with a market capitalization of SAR 2 billion ($533 million) upon its...
UAE’s technology startup, X-Technology, has unveiled an immersive virtual reality (VR) platform aimed at enhancing emotional and cognitive health in clinical and rehabilitation contexts. Founded by entrepreneur and researcher Nargiz Noimann, the new platform combines elements of neuroscience, psychology, and artificial intelligence to create tailored VR programs for patients facing challenges such as cancer, Alzheimer’s...
His Highness Sheikh Dr Sultan bin Mohammed Al Qasimi, the Supreme Council Member and Ruler of Sharjah, has approved a budget of AED 42 million for the construction of internal roads in the Al Ramaqiah and Al Suwaihat areas. This funding includes AED 27 million designated for the Al Ramaqiah area and AED 15 million...
Hiring in the United Arab Emirates (UAE) and Saudi Arabia has seen significant increases, driven by the growth of the non-oil economy. In April, job creation in the UAE reached its fastest pace in 11 months, indicating a robust demand for workers as the economy diversifies away from oil dependency. In Saudi Arabia, staffing levels...