Saudi’s Zakat, Tax and Customs Authority launches app to improve taxpayer experience

The ‘Zatca’ app is designed to be more effective in providing fast, reliable and high-quality services

UAE’s e& approves dividend of 40 fils per share for H2 2021

This has brought the total annual dividend to Dhs0.8 per share

Dubai Science Park

Gabri Labs to invest Dhs18m in new manufacturing facility in Dubai Science Park

The 10,000 sq ft facility will begin with an initial production volume of 12 million units per year

Kuwait

Kuwait cabinet resigns as parliament moves to oust premier

The prime minister had submitted his resignation letter to the country’s ruler

Abu Dhabi

Abu Dhabi’s non-oil real GDP grew 4.1% in 2021

Non-oil activities contributed 49.7 per cent of the GDP at constant prices last year

Getty Images

Oman posts $545m budget surplus on higher oil prices, tax

Oman has implemented a series of reforms to bridge the budget gap and lower its debt, including the introduction of a 5 per cent value-added tax last year

UAE residence visas

UAE: Residents to no longer get visa stickers in passports

The Emirates ID card issued to all foreigners residing in the UAE will instead serve as the alternative to proving their residence status within the country

Dubai Aerospace Enterprise announces closing of $1bn revolving credit facility

The facility replaces other ones with near-term maturity dates

Emirates SkyCargo transports over 1 billion doses of Covid-19 vaccines during 18 months

Close to two-thirds of the one billion doses were transported to developing countries

UAE reports 244 Covid-19 cases, 441 recoveries

The nationwide case count has risen to 892,714

Aldar acquires land bank valued at Dhs3.68bn on Saadiyat Island

Aldar Properties plans to use the plot on Saadiyat Island for a mixed-use development project, which will have 2,700 units including villas

Dubai’s Emirates to ramp up services to Mauritius

The carrier is currently in its 20th year of operations to Mauritius

Dubai Future Foundation partners with Richemont to explore solutions for luxury retail sector

The innovative solutions will be developed as part of the Future of Luxury Retail challenge by participating startups at Area 2071

Citi to sell its consumer unit in Bahrain to Ahli United Bank

The transaction includes Citigroup’s retail-banking, credit-card and unsecured-lending businesses

Dubai London Clinic and Speciality Hospital opens new hospital

The new state-of-the-art hospital, which is located on Jumeirah Beach Road, is part of the Dubai London Hospital Group founded in 1987

Getty Images

Saudi Aramco’s Luberef Refinery unit plans $1bn IPO

Luberef would be joining several Aramco subsidiaries already listed on the Saudi stock exchange

Saudi Arabia hikes oil prices further into record territory

More than 60 per cent of Saudi Arabia’s oil shipments go to Asia, with China, Japan, South Korea and India

Dubai Police to release 150 free NFTs available to people around the world

Dubai Police is the first government entity in the UAE to create its own digital assets

Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai

Sheikh Mohammed issues new law regulating provision of digital services in Dubai

Government bodies and judicial authorities as well as non-government entities in Dubai are required to provide digital services to their customers

UAE reports 300 Covid-19 cases, 621 recoveries

The nationwide case count has risen to 892,470

Dubai Financial Services Authority

Dubai Financial Services Authority signs MoU with Central Bank of Mauritius

The agreement will facilitate knowledge exchange on technologically enabled financial innovation

Saudi’s PIF, stc Group sign agreement to establish new IoT company

The JV agreement is part of PIF’s and stc’s efforts to drive rapid growth of Internet of Things across Saudi Arabia

UAE developer FAM Holding plans Abu Dhabi second market listing

The company has been converted into a private joint-stock firm with a capital base of Dhs50m

Expo 2020 Dubai

Over 24 million visits recorded at recently concluded Expo 2020 Dubai

Arrivals at Dubai International Airport recorded growth of 12.7 per cent in 2021 compared to 2020

UAE Israel

The UAE reaches trade agreement with Israel

The official signing of agreement is expected to follow in the coming weeks

Emirates Development Bank

Emirates Development Bank contributes Dhs1.91bn to UAE’s GDP

The bank’s strategy involved direct and indirect financing of 1,350 SMEs across priority sectors

UAE reports 298 Covid-19 cases, 678 recoveries

The nationwide case count has risen to 892,170

Abu Dhabi’s twofour54 launches new offering for broadcasting and gaming sector

Twofour54’s new flexible, technology-driven solutions can enable production cost savings as high as 80 per cent, says the company

New e-grocery startup Raha launches in Kuwait

Raha raised $7m in its seed round of funding, led by Saudi’s Aujan Investments, Kuwait’s NOX Management and London-based Cedar Mundi Ventures