Located within NEOM, the city is expected to house one million residents and create 380,000 jobs by 2030
The total stimulus provided to the emirate’s economy since the start of the pandemic has risen to Dhs7.1bn
The discoveries were made in the largely unexplored western and northwestern areas of the country
The option to postpone installments is to be offered to all customers residing in the kingdom, whether individuals or companies
Up to 272,126 foreign workers, mostly from Nepal, Uganda, India, Pakistan, Bangladesh and Egypt, have left Oman
The programme takes into account “the exceptional economic conditions of the fiscal year 2020″
The emirate has said Covid-19 testing centres located at entry points will now be closed
Cargo vehicles including planes, ships and trucks will be excluded from the decision
The subsidies for the electricity and water sector are about $1.95bn
In the first half of 2020, trade between Dubai and Bahrain amounted to Dhs5.37bn
Rabbi Marc Schneier is launching new tourism initiatives in the GCC
The new decision will apply to all expats entering the country
The Islamic banking sector grew 14 per cent in 2019, equating to $1.99 trillion in global assets
The UAE is also one of the 27 top investors in the UK
The country also has plans to extend visa-free arrival for up to 30 days for citizens of more than 100 countries
Some 568,000 Kuwaitis are eligible to choose from 326 candidates
Business activity in Saudi Arabia grew at the fastest pace since the beginning of the year, fueled by a sharp rise in sales and strengthening sentiment
The UAE saw “stellar success” during the Covid crisis this year, displaying its readiness to face pandemics and disasters, say leaders
The amnesty will require expats living illegally to either get a valid residency or leave the country after paying their fines to avoid a ban
Dubai Islamic Bank is now the largest UAE-based sukuk issuer by value on Nasdaq Dubai with a total of $7.3bn listed on the exchange
The new decision is hoped to enhance the UAE’s attractiveness for investment and business growth
The rule will be applicable from December 1, 2020, with businesses no longer requiring an Emirati sponsor
The decision applies to expat workers who do not have a university degree
The agreement provides a framework for information sharing, and will facilitate the movement of startups and transfer of knowledge and talent
Oman is the UAE’s second largest trading partner in the Gulf
The TESS loan deferral programme has already benefited over 310,000 retail customers, nearly 10,000 SMEs and more than 1,500 private sector companies
There were a total of 14,854 real estate transactions completed in Q3 this year
The NMC Health founder denies wrongdoing and says he has “complete faith in the justice system of the UAE”
The five biggest trading partners of the UAE were China, Saudi Arabia, India, the US and Switzerland
Companies are reinventing their business models and fast-tracking digital strategies as they prepare for a post-pandemic recovery, opines Hamad Buamim