The project will see the addition of “tens of thousands” of hotel and residential units in Makkah in later phases
The stockpile climbed by about SAR3bn ($800m) to reach $445bn
The report cites Sharjah’s commitment to research and innovation, presence of strengths such as education technology and the creative economy, and access to talent as its primary assets
The combined bank would have total assets of about $210bn, making it the third largest in the region behind Qatar National Bank and First Abu Dhabi Bank
Regional governments are stepping up efforts to transition to sustainable building practices
The UAE announced on Wednesday that it had completed the National Sterilisation Programme
The programme will support and train 1,300 women entrepreneurs through a series of virtual training sessions
There are a total of 44,000 small and medium establishments in Oman
SMEs will be paired with large companies who will offer professional advice and resources tailored to its specific needs
This year, Oman trimmed its budget expenditure and announced liquidity support in an effort to provide some relief from the Covid-19 shock
China, Brazil and the UAE were the only three emerging economies that ranked on the index
Several economic and tourism activities in Sharjah are allowed to reopen at 50 per cent capacity on June 24
Foreign nationals possessing residency visas issued in Dubai can return to the emirate starting Monday, June 22
International travel as well as entry to the kingdom via land and sea will remain suspended
These are some of the biggest trends set to shape the region post pandemic, according to LinkedIn
More than 140,000 eligible customers have already benefited from the TESS liquidity facility
The decision is part of the government’s strategy to ‘Kuwaitise’ jobs in the public sector
The rate of infections in the last three weeks has fallen considerably while the rate of recoveries has increased
The investment firm could raise more than $3bn through a five-year loan
Gross domestic product is expected to shrink the most in two decades this year
Dubai Customs witnessed a 36 per cent increase in the number of customs transactions completed in the first five months of 2020 to reach 5.9 million
Increased digital engagement has supported the need for wealth managers to redefine their delivery models and grow their digitisation efforts
It contributed 9.9 per cent to Dubai’s GDP in 2018
The country has a pipeline of federal infrastructure projects worth Dhs20bn
Non-oil growth is projected to contract by 4.1 per cent in 2020 due to the adverse implications of Covid-19
The top five destination countries for remittances were India, Pakistan, Philippines, Egypt and the US
The combined conglomerate will operate across real estate, tourism, hospitality, leisure and entertainment and investments
All government companies, except Petroleum Development Oman and the nation’s international investments, will fall under the new entity
Following a pandemic-driven plunge, non-oil private sector activity improved in Saudi Arabia, Egypt and the United Arab Emirates
Foreigners account for nearly 3.4 million of Kuwait’s 4.8 million people