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Category: Economy
Dubai has officially opened the Nad Al Sheba Mall, a new retail destination owned and operated by Dubai Holding Asset Management. This mixed-use development spans 500 000 square feet and features more than 100 stores, encompassing fitness, retail, entertainment, food and beverage, and healthcare options. The mall is designed to offer premium wellness facilities, including...
Saudi Arabia has announced new regulations allowing visitors to the country to claim back value-added tax (VAT) in an effort to boost the tourism industry. However, the government also plans to expand the tax base to include online transactions, which reflects its need to adapt to declining oil revenues. As the world’s second-largest oil producer,...
Savvy Automotive, a leading provider of advanced automotive and green mobility solutions based in Abu Dhabi, is currently engaged in discussions to acquire the UAE operations of BluSmart. This potential acquisition highlights Savvy Automotive’s commitment to expanding its presence in the mobility sector, with a particular focus on sustainable and technologically advanced transportation options. Savvy...
The UAE will participate in the Spring Meetings of the World Bank Group (WBG) and the International Monetary Fund (IMF) 2025, scheduled from April 21 to 26 in Washington, D.C. The delegation will be led by Mohamed bin Hadi Al Hussaini, the Minister of State for Financial Affairs, and will include representatives from the Ministry...
Saudi Arabia’s Ministry of Environment, Water and Agriculture launched Saudi Environment Week on Sunday, themed “Our Environment is a Treasure.” This week-long event aims to showcase the Kingdom’s efforts in ecosystem protection and sustainable development. A significant feature of this week is the introduction of the National Environmental Performance Index, designed as a strategic tool...
The UAE’s National Human Rights Institution (NHRI) hosted a high-level delegation from the European Parliament at its Abu Dhabi headquarters, focusing on advancing joint efforts in human rights. Maqsoud Kruse, Chairperson of the NHRI, and Dr. Saeed Al Ghfeli, its Secretary-General, welcomed the delegation. They shared updates on the institution’s progress and its plans to...
The inaugural ‘Sharjah NYU SPS Executive Publishing Program’ is taking place for the first time outside the United States, providing professionals in the publishing sector with valuable insights into global market dynamics. This event, hosted by the Sharjah Book Authority in collaboration with the NYU School of Professional Studies, is being held at the American...
Gold prices hit an all-time high today, driven by a weakened US dollar, rising trade tensions, and concerns over global economic growth, which have increased demand for the precious metal known as a safe haven. The price of gold in spot transactions rose by 1.3 percent to $3,270.12 per ounce at 03:19 GMT. Earlier in...
Saudi Arabia’s food and beverage service industry is experiencing significant growth, driven by a rising population and an expanding economy. The nation, which has nearly 37 million residents, is seeing its population increase by more than 1.2 million people each year, supported by high birth rates and a growing expatriate workforce. One notable player in...
Dr. Sultan Ahmed Al Jaber, the UAE Minister of Industry and Advanced Technology, is on an official visit to Japan from April 13 to 16, aimed at enhancing cooperation in trade, investment, energy, and advanced technology. His visit includes chairing the second ministerial meeting of the Comprehensive Strategic Partnership and engaging in bilateral discussions with...