The Public Investment Fund (PIF) of Saudi Arabia has officially executed its first green bond issuance. The sovereign wealth fund announced that it raised about $3 billion from the issuance, and the proceeds will be used to fund sustainable projects. The PIF sold 100-year green bonds at a yield
Lifestyle
Explore the vibrant lifestyle scene of the Middle East, covering fashion, food, travel, and entertainment. Discover trends and insights shaping the region’s cultural landscape.
The UAE has initiated a paperless tax refund scheme for tourists. This move is strategically implemented to eliminate the need to retain receipts. It also contributes its own quota to reducing environmental degradation brought on by the manufacturing and disposal of paper. Specifics of the Paperless Tax System The UAE paperless tax system is a […]
Bayan Tree Spa, a multinational luxury company, has designed itself to spread its tentacles to the Middle East by establishing a branch in Doha. The spa aims to bring satisfaction to travelers and guests seeking comfort. This move by Bayan Tree seems wise, given that the Middle East is often a tourist attraction center. What […]
Grieving in the UAE as the country declares three days of mourning for Britain’s Monarch : Queen Elizabeth II The UAE has issued an order for the national flags in all its sectors and embassy to fly at half-mast as a show of its state of mourning for Queen Elizabeth II, Britain’s Monarch, who recently passed […]
The Spanish League, in an unprecedented move, is attempting to expand to the Middle East, North Africa, and India. This move is strategically embarked to increase the influence of Spanish Soccer and close the apparent bridge between it and the English Premier League. Details of the Expansion – All You Need To Know The Spanish League […]
The UAE has issued visa restrictions on specific countries for the time being. This decision by the UAE government was at all times influenced by the actions of specific stakeholders in the affected country and not made arbitrarily. What are the Specifics of the Visa Restrictions? For some countries, the UAE has restricted issuing visas to persons […]
Saudi Arabia – with a 7.5% Potential Growth in 2022, is set to become an Economic Powerhouse as Reports Claim : Saudi Arabia – with a 7.5% Potential Growth in 2022, is set to become an Economic Powerhouse as Reports Claim Saudi Arabia is well on its way to becoming the world’s fastest-growing economy with […]
Pure Health, an Alpha Dhabi subsidiary and one of the largest health platforms in the UAE, is set to make a $500 million minority equity investment in Ardent Health Services. The agreement’s details have been finalized, and conditions guiding both parties are subject to the US law where Ardent health services are based. What are the Specifications […]
Saudi Arabia Tilts Its Gaze to Boosting Tourism Through the Tourists Visa Scheme : Saudi Arabia Tilts Its Gaze to Boosting Tourism Through the Tourists Visa Scheme In a bid to boost its tourism sector and foster international relations, Saudi Arabia has instituted a measure to issue new visas for visiting citizens from the US, […]
Saudi Arabia Signs Mou With Alstom to Boost Transport Sector : Saudi Arabia Signs Mou With Alstom to Boost Transport Sector The Saudi Arabian transport ministry has signed a Memorandum of Understanding with Alstom. Alstom is a French multinational manufacturing company that specializes in sustainable transport. The MoU is expected to boost investment in Saudi
The Flames of Covid-19 Continue to Burn as Saudi Arabia Records New Cases of the Virus : The Flames of Covid-19 Continue to Burn as Saudi Arabia Records New Cases of the Virus The spread of Covid-19 in Saudi Arabia continues rapidly as the country continues to record new cases of the virus daily. While it is […]
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 comes after Biden’s controversial visit to […]
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 […]
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 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 […]
Largest Middle East Oil Bunkering hub suffers disruption due to extreme weather : Largest Middle East Oil Bunkering hub suffers disruption due to extreme weather Extreme weather has resulted in one of the biggest oil bunkering ports in the world being closed down suddenly. The unusually heavy rains and flash floods in UAE forced the Fujairah port […]
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 […]
Was Joe Biden’s Visit to the Middle East Truly a Disaster : Was Joe Biden’s Visit to the Middle East Truly a Disaster On the 13th of July, Joe Biden arrived in the Middle East on a diplomatic visit. The arrival marked the President’s first visit to the Middle East since his emergence as the […]
