Home News Archive by category Business (Page 2)

Business

Get the latest Business news from the Middle East. Stay informed on market trends, investments, and economic developments in 60 characters.

Business Saudi Arabia

Saudi Arabia Revises Labour Penalties, SR10,000 Fine for Hiring Workers Without Permits

Saudi Arabia has introduced sweeping amendments to its labour violations and penalties schedule, including a SR10,000 fine for employing a foreign worker without a valid work permit. The decision was issued by Ahmed Al Rajhi, Minister of Human Resources and Social Development, as part of broader efforts to strengthen labour market regulation, protect workers’ rights, […]
Business Kuwait UAE

UAE Marks Kuwait National Day, Reaffirms Strategic Ties

Photo Credit : WAM United Arab Emirates has joined the State of Kuwait in celebrating Kuwait’s National Day on February 25, underscoring the strong fraternal bonds and strategic partnership that unite the two Gulf nations. The occasion highlights decades of close cooperation between the leadership and peoples of both countries, built on shared history, mutual […]
Business

Dubai Ports Authority joins International Association of Ports and Harbors to boost global maritime collaboration

Photo Credit : WAM Dubai Ports Authority (DPA), operating under the Ports, Customs and Free Zone Corporation, has become a regular member of the International Association of Ports and Harbors (IAPH), marking a significant step in Dubai’s efforts to strengthen its global maritime footprint. The membership aligns with Dubai’s strategy to deepen engagement on influential […]
Business News UAE

Tax Transparency Seen as Key to Unlocking UAE SME Financing

Dubai: Small and medium enterprises (SMEs) are widely regarded as the backbone of the UAE economy. Representing 94 per cent of all registered companies and employing 86 per cent of the private sector workforce, they span traditional trading shops, family-owned businesses, and innovative tech start-ups  all driving the nation’s growth story. Yet, despite this critical
Apple
Business

Apple pledges $600 billion investment in US manufacturing push amid global tech rivalries

Arnold Pinto
Bid to localise supply chains Apple has announced a significant expansion of its operations in the United States, pledging an additional $100 billion, which brings its total US investment commitment to $600 billion over four years. The initiative is part of a broader strategy to localise supply chains, boost advanced manufacturing, and strengthen America’s position […]
Taikun
Business Corporate

Cloudera’s acquisition of Taikun signals a push to dominate the hybrid AI market

Arnold Pinto
Amid growing data demands Cloudera, the Santa Clara-based hybrid data company, has acquired Czech Kubernetes management firm Taikun, strengthening its ability to offer data and AI services across public cloud, private data centres, and highly regulated environments. The deal comes amid rising global demand for flexible IT infrastructure capable of supporting increasingly
Tourism
Business Travel UAE

UAE tourism set to hit record $62 billion in 2025

Arnold Pinto
As regional growth accelerates The United Arab Emirates (UAE) is expected to see international visitor spending reach an all-time high of $62.22 billion (AED228.5 billion) in 2025, according to new figures from the World Travel & Tourism Council (WTTC). The forecast represents a 37% increase over the previous peak, which was last recorded in 2019. […]
Uber
Automotive Business

Uber and Mastercard expand payment partnership

Arnold Pinto
As ride-hailing platforms face pressures Mastercard has expanded its payments partnership with Uber in a move aimed at enhancing digital financial services for drivers, couriers, and consumers using the platform. The new phase of cooperation will see Uber integrate a wider set of Mastercard’s technologies, with a focus on real-time payments, simplified digital credentials,
LuLu
Business Sport

LuLu Financial Holdings signs landmark fintech partnership with Argentine Football Association

Arnold Pinto
In run-up to 2026 FIFA World Cup The Argentine Football Association has signed a regional fintech partnership deal with UAE-based LuLu Financial Holdings, naming the group’s payment and remittance brands—LuLu Exchange and LuLu Money—as its official fintech partners in 10 countries spanning the Middle East and Asia-Pacific for the next 12 months. The agreement was […]