The company will charge Dhs15 for its on-demand delivery service and plans to run promotions for consumers that sign up for the service
The kingdom has one of the highest reserve coverage ratios among Fitch-rated sovereigns at 18 months of current external payments
The long-term visa offers select groups the ability to work, live and study in the country without the need for sponsorship
The Unemployment Insurance Scheme covers employees in the federal government and the private sectors
Dubai is home to more than 55,000 high net-worth individuals and over $3tn of private wealth is within an hour’s flight of the city
Its key initiatives included the installation of an onsite water bottling plant and a food digester machine
The bank will operate as ‘Saudi Awwal Bank’ after obtaining the necessary regulatory and shareholders’ approvals
The shareholders’ approval brings the total full-year 2022 dividend to 15.67 fils per share or $682.5m
The 246-key voco Hotel and Suites Riyadh North is scheduled to host its first guests in 2026
Dubai education regulator said 25 schools improved their performance from the previous inspection cycle during the 2018/19 academic year
The decline in labour cases reflects the success of the Abu Dhabi Judicial Department’s campaigns to raise awareness of the legal rights of employees
The new licence is part of an economic recovery plan launched by the Gulf state in October 2021 to boost investment and job creation
The fund aims to boost business-to-business events, provide financial support and incentives to event organisers and agencies
Police officials have urged motorists to stop at crossings and give way to pedestrians
The merger has created Abu Dhabi’s largest integrated staff accommodation company
The rise represents an 8.4 per cent year-on-year increase, and an average annual increase of 13.7 per cent over the last five years
Oil prices surged after OPEC+ pledged to make production cuts starting next month that will exceed one million barrels a day
The sector is expected to maintain a stable outlook in 2023 driven by growing demand for digital services and industry competitiveness
The GCC countries were high in the emerging markets ranking with Qatar ranking fourth and Saudi Arabia ranking sixth globally
The project is aimed at easing traffic flow between Al Khaleej Street, Khalid Bin Al Waleed Road and Al Ghubaiba Road
The bank signed off on EUR318m ($344.5m) towards the financing of Phase I of the Electric Express Train Project in Egypt
Motorists driving below 120km/h on the first two lanes of the four-lane highway will be fined Dhs400
The company’s full-year net profit jumped by 7 per cent year-on-year to Dhs1bn in 2022 while its revenues reached Dhs2.8bn
The pre-event phase contributed around one-quarter of gross value and the legacy phase will add 62 per cent
The fuel price committee marginally slashed the rates by 8 fils per litre, after two consecutive months of increases
Emerging Markets Property Group is set to hire Rothschild & Co. for the potential IPO in Dubai or Abu Dhabi
The initiative aims to support 100 new national projects for developing apps that will be made available in digital app stores over the next 24 months
The digital bank offers SMEs seamless access to banking services while allowing them to move forward with innovative beyond-banking services
The two entities have partnered with advisory firms that are a key part of the city’s financial and business ecosystem
The company’s unaudited combined pro forma results follow its record IPO earlier in March