Tadawul marks 400th listing across all securities

Saudi’s Tadawul marks 400th listing across all securities

The Saudi Exchange played a pivotal role in facilitating more than SAR11.9bn ($3.2bn) raised through IPOs on the Main Market in 2023

Eid al Fitr

Eid al Fitr 2024 holiday in UAE: 9-day break for public sector confirmed

The Eid al Fitr holiday dates have been announced for public sector employees

Rotana opens ninth hotel in Saudi, near to this famous causeway

Dar Rayhaan by Rotana in Al Khobar has undergone a “soft launch” as it opens with 133 rooms

Global aviation to recover to pre-Covid levels in 2024, says Kuwaiti-linked Menzies

One of Agility’s subsidiaries is Menzies Aviation, which is the world’s largest aviation services company, reported substantial revenue and EBITDA growth

OMAN-EID AL FITR

Eid al Fitr likely to fall on April 10 in Oman, notes astronomical society

According to astronomical data, there is a high probability that the first day of Eid al Fitr will be observed on April 10 in Oman

Sinopec, QatarEnergy sign 27-year LNG supply deal

Amid massive LNG expansion, QatarEnergy bulks up shipping fleet

QatarEnergy has finalised a number of charter contracts with several Asian ship owners to bolster its shipping fleet by 19 LNG vessels

road- Abu Dhabi - UAE

Fog, rain alert for UAE: NCM issues advisory for motorists

The NCM warned of low visibility for areas under a red alert warning

UAE to announce petrol prices for October soon

See how UAE petrol prices have risen for April 2024

Petrol prices have risen for a fourth consecutive month in the UAE

Dubai World Cup

Dubai World Cup 2024: Laurel River takes home $12m prize

Laurel River stormed towards the finish line, eclipsing the previous winning margin record set by Dubai Millennium in 2000

Huge smoke cloud engulfs major Dubai road after accident

The plume of smoke could be seen 16km away in Dubai’s Town Square, according to a post on social network Reddit

Plastic ban

What you need to know about Dubai’s ban on single-use plastic: Fines and exemptions

The aim of the plastic ban is to mitigate plastic waste and instigate a shift towards recycling practices

MEYDAN-RACECOURSE-DUBAI WORLD CUP-WAM

Dubai World Cup 2024: Watch live stream from Meydan Racecourse

Elite horses from around the globe vie for victory at the one of the world’s richest horse race

This is how UAE fuel prices have fared in the last 14 months

In the UAE, fuel prices have steadily risen month-on-month for Special 95, Super 98 and EPlus 91 in 2024 thus far

Oman puts 103 countries on visa-free list Image Getty Images

Oman’s fiscal future brightens as S&P boosts outlook to positive

The ratings agency expects Oman’s real GDP to expand by about 2 per cent per year on average during the 2024-2027 period

Saudi Arabia - FDI

Saudi FDI inflows rise 16% for Q4 2023

The kingdom hopes to attract $100bn in FDI by 2030 to boost non-oil gross domestic product

Huawei

Huawei continues rebound with strongest earnings growth since 2019

While the company’s core ICT infrastructure business remained stable, its cloud business grew by more than a fifth, generating revenue of CNY55.3bn

online sale

Dubai’s ‘Great Online Sale’: Up to 95% off on major brands

From electronics to fashion, health and beauty to home and toys, discounts are being offered by some of the city’s favourite brands

The Red Sea

Red Sea International Airport to receive its first flight from Dubai

The Red Sea, envisioned to comprise 50 resorts upon full completion in 2030, represents a significant step towards realising Saudi Arabia’s Vision 2030 initiative

Gold

Gold regains its allure with record high prices on safe-haven demand

Gold logged its best month since July 2020, at a 9 per cent increase, and a second straight quarterly rise

Kuwait’s Agility plans to list operations and assets unit on ADX

Kuwait’s Agility Global plans to list on Abu Dhabi’s ADX

The logistics major will remain the majority shareholder in its subsidiary following the listing, with a 51 per cent stake

Oman mobile internet coverage

New Financial Services Authority established in Oman to regulate services

The implementing regulations setting out the FSA’s roles and responsibilities and other specific details are expected to be published soon

Etihad Rail, BEEAH Group ink waste management deal

Etihad Rail signs waste management deal with BEEAH Group

The rail developer said BEEAH Tandeef will apply circularity principles when recycling certain waste, converting it into fertiliser for local agricultural use

unemployment

Saudi unemployment rate down to 4.4% in Q4 2023

The rate of unemployment, for both Saudi nationals and expats, decreased in the last quarter of 2023 indicating job creation in the economy

UAE reportedly considering 10-year golden business licences

UAE reportedly considering 10-year golden business licences

The new trade licences are expected to increase government revenue, ensure business continuity, and promote economic growth

Louvre

Louvre Abu Dhabi draws over 1.2million visitors in 2023

Since its opening in 2017, the Louvre Abu Dhabi has not only attracted art enthusiasts and collectors but also positioned the emirate as a global cultural hub

The 2023 Dubai World Cup

Dubai World Cup closing ceremony: 4000 drones and fireworks on display

The Dubai World Cup provides a truly global stage upon which the best horses in the world come to compete every year

TAQA, JERA to build cogeneration plant in Saudi Arabia

TAQA, JERA to build cogeneration plant for Saudi Arabia’s SATORP

The petrochemical complex is expected to house one of the largest mixed-load steam crackers in the Arab Gulf region

Oman

Oman launches $5.2bn ‘future fund’ to drive economic development

By focusing on critical areas, the ‘Future Fund Oman’ aims to revitalise the country’s economic pillars and propel sustainable growth

Modern Mills Company starts trading on tadawul after successful IPO GettyImages-1057624978-e1636003123118

Modern Mills Company debuts on Tadawul; IPO generated $40bn in orders

The IPO involved the offering of 24,549,600 shares, constituting 30 per cent of the company’s issued share capital

Kuwait eid break

Kuwait announces 5-day Eid al Fitr holiday

Those employed in the public sector will be off for Eid Al Fitr from Tuesday, April 9 to Thursday, April 11