Chinese President – Xi Jinping is Set to Visit Saudi Arabia: Here’s What to Expect : Chinese President – Xi Jinping is Set to Visit Saudi Arabia: Here’s What to Expect The President of China, Xi Jinping, is expected to visit Saudi Arabia in the coming weeks. This visit
GCC
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Commercial Bank International Launches the First Ever Metaverse Bank in the UAE : Commercial Bank International Launches the First Ever Metaverse Bank in the UAE Top-tier corporate and retail bank Commercial Bank International (CBI) recently announced its prospects to become the first ever Metaverse Bank in the UAE. CBI’s launch comes after the UAE pledges […]
Crown Dubai Prince Commissions a New Specialized Arm of Dubai Hospital Worth $48 Million : Dubai’s Crown Prince, Hamdan bin Mohammed Al Maktoum, recently inaugurated a new specialized arm of Dubai Hospital to cater to outpatients. The project, worth $48 million (Dh 177 million), aims to boost the hospital’s capabilities by 200 percent. The project is also […]
Dubai Recruitment Firm Introduces Program to Hire Employees in the Metaverse : The top recruitment agency, Marc Ellis, is well on becoming the first recruitment firm to introduce a recruitment and training program that directly hires employees into the Metaverse. The decision by the firm is according to the recommended Metaverse Strategy pioneered by Hamdan […]
PIF is Set to Redefine Tourism in Saudi Arabia with a $900 Million Investment in Aman Hotel Group : PIF is Set to Redefine Tourism in Saudi Arabia with a $900 Million Investment in Aman Hotel Group Public Investment Fund, a Saudi Arabian Company, recently made a $900 investment in Aman Luxury Hotel Group. The […]
Saudi Aramco Oil Company ends the Second Quarter with a Record-Breaking Profit of $48.4 Billion An oil company based in Saudi Arabia, Aramco, recently claimed the world’s profit record with a $48.4 billion profit at the end of the year’s second quarter. The government-owned company produces oil and gas in Saudi Arabia. Consequently, the company is looking […]
Dubai Approves Municipality Restructuring to Create Dh10 Billion Economic Opportunities : The Crown Prince of Dubai, Hamdan bin Mohammed Al Maktoum, recently approved the restructuring of the Dubai Municipality based on a directive from the Prime Minister of UAE. The Dubai government announced the approval through a tweet on the Crown Prince’s official Twitter handle.
Bahrain Enters Partnership with UAE, Egypt, and Jordan to Boost Industrial Strength : Bahrain Enters Partnership with UAE, Egypt, and Jordan to Boost Industrial Strength Bahrain recently joined an industrial bloc that includes UAE, Egypt, and Jordan. The partnership is called the Industrial Partnership for Sustainable Economic Development, and Bahrain’s participation
Dubai Unveils Metaverse Strategy: Plans to Become a Global Hub for NFTs Dubai has released a metaverse policy document that contains strategies to establish the Emirate as a globally recognised hub of the metaverse and other emerging technologies. The release was announced in a tweet by Sheikh Hamdan bin Mohammed, the Crown Prince of Dubai. Among other
Saudi Arabia Partners with IBM to Boost Digital Skills in the Kingdom : Saudi Arabia Partners with IBM to Boost Digital Skills in the Kingdom The Saudi Arabian government recently signed a Memorandum of Understanding (MoU) with IBM to increase digital skills in the country. The agreement was jointly signed by representatives of the Saudi Arabian […]
Bahamas-based FTX Acquires a Crypto License to Expand its Operations to Dubai : FTX, a Bahamas cryptocurrency company, has acquired a full crypto license in Dubai. This license issuance is coming after Dubai launched extensive plans to improve its blockchain industry and become a preferred destination for cryptocurrency companies. The Backstory As far back as […]
How Blockchain Can Transform Saudi Arabia’s Economy : How Blockchain Can Transform Saudi Arabia’s Economy Blockchain technology is certainly one of the many remarkable innovations of the past few decades. Since its advent, blockchain has greatly impacted several sectors, from finance to art. There is, however, so much more that one can do with technology. […]
Leading consulting firm predicts UAE financial wealth will reach $1 trillion by 2026 : Leading consulting firm predicts UAE financial wealth will reach $1 trillion by 2026 According to a new report by management consultancy firm Boston Consulting Group (BCG), UAE’s financial wealth is expected to reach $1 trillion in 2026. The report shows that […]
French President Macron hosts Crown Saudi Prince, with energy and oil on the agenda : French President Macron hosts Crown Saudi Prince, with energy and oil on the agenda On Thursday, the President of France, Emmanuel Macron, hosts the Crown Prince of the Kingdom of Saudi Arabia, Mohammed bin Salman. The visit is part of the western […]
Exchange house slammed with $1.4 million fine by Central bank of UAE for compliance gaps : Exchange house slammed with $1.4 million fine by Central bank of UAE for compliance gaps The Central Bank of the UAE recently slammed a fine on an exchange house within the country for failing to comply with anti-money laundering […]
Saudi stock exchange showcases boom as 2022 H1 IPO listings surpasses entire 2021: Saudi stock exchange showcases boom as 2022 H1 IPO listings surpasses entire 2021 According to the chairman of the Capital Market Authority, Saudi initial public offerings are on track to make 2022 a record year. So far, the number of listings recorded […]
UAE Announces Plan to Build Space Satellite with $820 Million Investment Fund : UAE Announces Plan to Build Space Satellite with $820 Million Investment Fund The UAE has announced its plans to launch a comprehensive space program. The program includes plans to land on an asteroid, explore Venus, and probe the Martian orbit. These plans […]
Saudi Arabia to Spend Up to $1 Trillion on World’s Largest Building in Neom : Saudi Arabia to Spend Up to $1 Trillion on World’s Largest Building in Neom Saudi Arabia recently announced its decision to construct a $1 trillion building in its futuristic megacity, Neom. The project has been tagged the “Mirror Line,” and it […]
UAE Reveals New and Stricter Laws for Gold Sourcing: Penalty as High as Dh5 Million : UAE Reveals New and Stricter Laws for Gold Sourcing: Penalty as High as Dh5 Million The UAE’s Ministry of Economy recently released a policy containing best practices for sourcing gold in the UAE. The policy also enforces stricter penalties […]
Visa and Dubai Health Authority (DHA) Sign Pact to Facilitate Emirate’s Tourism Industry : As part of the DHA’s broader plans to boost health tourism in Dubai, the Authority has signed a new Memorandum of Understanding with Visa. According to the DHA, the collaboration with the global payments company aims to promote Dubai as a […]
Weather
Dubai, AE
4:08 am,
December 13, 2024
21°C
clear sky
