Thursday , 17 August 2017
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Saudia to carry record 10.3mln passengers this summer

Saudi Arabian Airlines (Saudia) has released its summer plan, outlining the preeminent operational aspects during the upcoming peak season starting from June 24 to Sept. 16. The plan shows a record increase in the number of flights and seating capacity both internationally and domestically, to prepare for the dramatic increase in the demand for air travel in the summer period. …

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UAE ranked 1st in MENA region and 35th worldwide in Global Innovation Index 2017

The UAE has improved its standing in the 2017 Global Innovation Index, GII, topping all Arab countries and ranking 35th globally to improve six places from last year’s 41st position cementing its status as one of the world’s most innovative countries. The results of the index were officially announced during a press conference held on 15th June at the UN …

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Egypt’s investment law executive regulations to be finalised in 10 days

Egypt’s Investment Minister Sahar Nasr will finalise the executive regulations for a newly issued investment law within 10 days and submit them to the prime minister for approval, she told Reuters on Saturday. “I formed a ministerial committee which I head with all relevant ministries and stakeholders including private-sector representatives and parliamentarians. The committee is finalising the draft for submission …

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Now, smartphone is your passport in Dubai

Dubai: Passengers departing from Dubai International Airport can now use their smart phones at the smart gates instead of their passports as part of a new service called Smart UAE Wallet. Lt General Dahi Khalfan Tamim, deputy chairman of police and public security in Dubai and Major-General Mohammad Ahmad Al Merri, director-general of the General Directorate of Residency and Foreigners …

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Emaar to launch IPO of real estate development business by November: Al Arabiya TV

Dubai-based Emaar Properties plans to launch the initial public offering (IPO) of its real estate development business by November, Emaar’s chairman Mohamed Alabbar told Al Arabiya TV on Thursday. Emaar, whose interests span hotels, entertainment and shopping malls, said on Wednesday it had decided to list the real estate development business in Dubai to maximise value for shareholders, which would …

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A woman’s tale: working as a female entrepreneur in a male-dominated world

Standing on stage at an event in Abu Dhabi to celebrate International Women’s Day, Dunia Othman was quizzed by members of the mainly female audience on why, out of all of the opportunities open to her, she chose to male-focused name for her product and even put a prominent moustache in her logo. “Mr Usta, the name chosen for the …

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Bahrain sovereign fund CEO says hopes to invest in Aramco IPO

ST PETERSBURG, Russia Bahrain’s sovereign wealth fund Mumtalakat hopes to take part in the initial public offering (IPO) of shares in Saudi state oil giant Aramco, the fund’s CEO told Reuters, predicting additional opportunities from the kingdom’s reform program. Saudi Aramco, the world’s biggest oil producer, plans to list around 5 percent of its stock on multiple exchanges next year …

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UAE’s Khalifa Foundation sponsors 200 Syrian orphans in Lebanon

An agreement to sponsor 200 Syrian orphans in Tripoli, Lebanon, was signed Wednesday by the Humanitarian and Development Affairs Attache at the UAE Embassy in Lebanon, and the Sanabel Al Nour Association as part of the charitable projects launched by the Khalifa bin Zayed Al Nahyan Foundation. The noble gesture goes in line with the UAE Year of Giving initiative …

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VAT introduction in Gulf by 2018 to significantly impact operations- Deloitte

Deloitte holds annual seminar in Saudi Arabia on income tax and zakat updates. Deloitte recently hosted business leaders in its annual seminar on global and Saudi Arabian tax and zakat updates impacting businesses in Saudi Arabian. The seminar ran in Riyadh Jeddah and Al-Khobar, and aimed at sharing and discussing in depth the tax landscape shaping the current and future …

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Organization for the Islamic Conference countries lacking behind in agricultural and rural finance

Green Revolution could be brought through Islamic Agricultural Finance: Zubair Mughal. 53% of the population of OIC (Organization for the Islamic Conference) countries lives in the rural area which is globally more than the other areas and its commitment to the total agricultural department is 34%. On the other hand, 49% population lives in the rural areas while their commitment …

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