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Japan’s MUFG predicts 2021 economic recovery for Saudi Arabia

Japan’s MUFG predicts 2021 economic recovery for Saudi Arabia

Posted on Tuesday 23 February 2021.
Reading time : 3 mins.
The Kingdom’s transformation strategy is very much investment-led and the private sector will continue to play an important role MUFG, a global financial services group and one of the largest banking institutions in Japan, anticipates a fast and robust economic recovery for Saudi Arabia in 2021, with GDP growth forecasted to rise from -4.8 percent to 3.6 percent, and a combination of a further pick-up in crude oil production as... Read more...
Manama listed in the top 5 globally for FDI strategy in latest fDi Magazine ranking

Manama listed in the top 5 globally for FDI strategy in latest fDi Magazine ranking

Posted on Monday 22 February 2021.
Reading time : 2 mins.
The Kingdom of Bahrain’s capital Manama has been named as the fifth globally amongst all-sized cities and first amongst small and mid-sized cities for FDI strategy in the 2021 Global cities of the Future index produced by the Financial Times’ fDi Magazine. Both Abu Dhabi and Dubai similarly ranked in the top 10, with Abu Dhabi placing sixth and Dubai placing eighth. Commenting on the latest rankings, the Bahrain Economic... Read more...
Gulfood 2021- The 26th edition of the annual F&B event will host 2,500 companies from 85 countries

Gulfood 2021- The 26th edition of the annual F&B event will host 2,500 companies from 85 countries

Posted on Thursday 18 February 2021.
Reading time : 9 mins.
The first live, in-person F&B industry event of 2021, Gulfood will be held across 20 exhibition halls at the Dubai World Trade Centre (DWTC), bringing stakeholders from all over the world for five days of dialogue, live demonstrations and business deals. The 26th edition of Gulfood will host 2,500 companies from 85 countries, who will participate to seek new collaborations and partnerships. This year’s event will also showcase its... Read more...
Saudi Arabia won't work with foreign firms without regional HQ from 2024

Saudi Arabia won't work with foreign firms without regional HQ from 2024

Posted on Tuesday 16 February 2021.
Reading time : 2 mins.
Saudi Arabia will no longer sign contracts with foreign companies that do not have a regional headquarters in the kingdom after 2023, state news agency SPA reported on Monday, citing an official source. The policy, which comes into effect on Jan 1. 2024, is designed to encourage foreign firms to open a permanent, in-country regional presence that would help create local jobs, SPA reported. “The decision ... will reflect positively in... Read more...
The incredible plan to create the largest public park in the world at the heart of Riyadh

The incredible plan to create the largest public park in the world at the heart of Riyadh

Posted on Monday 15 February 2021.
Reading time : 7 mins.
The King Salman Park project is one of Riyadh’s Four Megaprojects launched by the Custodian of the Two Holy Mosques, King Salman Bin Abdulaziz, on 19 March 2019. The project will be a milestone that contributes to fulfilling a key goal of the Saudi Vision 2030 to promote Riyadh’s position among the world’s top 100 most livable cities. Covering over 13 square kilometers, King Salman Park will be among the biggest city parks... Read more...
Madayn to float tenders for new industrial city in Oman

Madayn to float tenders for new industrial city in Oman

Posted on Thursday 11 February 2021.
Reading time : 2 mins.
Oman's Public Establishment for Industrial Estates (Madayn) will soon float tenders for the development of a new industrial city within Al Dhahirah Governorate of the sultanate, said a report.    The company move comes following the completion of the detailed design work for the proposed new industrial city which will come up over a sprawling 10-million-sq-m area in Ibri, reported the Muscat Daily.   Phase One... Read more...
HISTORIC: Mars success for UAE

HISTORIC: Mars success for UAE

Posted on Wednesday 10 February 2021.
Reading time : 3 mins.
THE United Arab Emirates (UAE) made space history today when its Hope Probe reached its Mars Orbit Insertion (MOI) on Tuesday evening at 7:42 pm (UAE local time), completing its 7-month journey to Mars.   The UAE Emirates Mars Mission (EMM) is the first interplanetary mission undertaken by an Arab nation and UAE's just the fifth country worldwide to reach Mars.   UAE leaders visited the Mohammed bin Rashid Space Centre... Read more...
Hope Probe reaches Mars today

Hope Probe reaches Mars today

Posted on Tuesday 09 February 2021.
Reading time : 4 mins.
The Hope orbiter is a UAE Space Agency unmanned space exploration mission to Mars, which was launched in July 2020 from Japan. The probe has travelled around seven months on its journey of 493 million kilometres, which it will complete today. At that point, it will reach the crucial ‘Mars Orbit Insertion’ (MOI) stage — which means the probe will have to slow down to enable it to be captured by Mars’ gravity, to orbit the... Read more...
Mideast sports industry ‘set for fastest growth globally’

Mideast sports industry ‘set for fastest growth globally’

Posted on Monday 08 February 2021.
Reading time : 6 mins.
Respondents to a survey expect the sports industry in the Middle East to grow by 8.7% over the next three to five years, reflecting the fastest growth compared to 50 countries across the world, a report said. In stark contrast to the global sports market, respondents expect the Middle East to grow by 8.7% over the next three to five years, added the Middle East’s Sports Survey released by professional services firm PwC. Strong... Read more...
Dubai ready to host Expo 2020 despite Covid challenge, says tourism chief

Dubai ready to host Expo 2020 despite Covid challenge, says tourism chief

Posted on Thursday 04 February 2021.
Reading time : 3 mins.
Helal Al Marri blames the recent spike of coronavirus cases on a 4-5% drop in compliance by residents Al Wasl Plaza, the centrepiece of the Expo 2020 Dubai site. Dubai has a very clear plan on how to deal with Covid-19 and will be ready to receive visitors for the world Expo exhibition this year, a government official said. “We feel very confident,” Helal Al Marri, director general of Dubai’s Department of Tourism and... Read more...
Bahrain-origin exports up 4% to hit $6.3bn in 2020

Bahrain-origin exports up 4% to hit $6.3bn in 2020

Posted on Thursday 04 February 2021.
Reading time : 2 mins.
The value of Bahrain’s exports of national origin increased by 4% to BD2.387 billion ($6.3 billion) during year 2020, compared to BD2.298 billion for the previous year, said the Information & eGovernment Authority (iGA) in its foreign trade report. The top 10 countries in terms of the value of exports of national origin purchased from Bahrain accounted for 74% of the total value, with the remaining countries accounting for... Read more...
It’s time to invest in our healthcare systems, says Saudi cenbank governor

It’s time to invest in our healthcare systems, says Saudi cenbank governor

Posted on Thursday 04 February 2021.
Reading time : 4 mins.
Fahad Al Mubarak says health systems should not be seen as a cost but as an investment following turmoil caused by coronavirus pandemic Speaking on a panel session during the second day of the Future Investment Initiative (FII) in Riyadh, Al Mubarak said that among the many lessons learned from the current global coronavirus pandemic is the “vulnerabilities in our health system”. He said: “It was very clear that across... Read more...
Bahrain’s non-oil economy ‘on strong growth track’

Bahrain’s non-oil economy ‘on strong growth track’

Posted on Thursday 04 February 2021.
Reading time : 2 mins.
Bahrain is witnessing strong growth in its non-oil economy, which is now representing around 90% of the Kingdom’s GDP, up from 55% in 2000, a senior government official said. Shaikh Salman bin Khalifa Al Khalifa, Minister of Finance and National Economy, was speaking at the 4th edition of the Future Investment Initiative in Riyadh, Saudi Arabia, reported Bahrain News Agency (BNA). He took part in the international conference... Read more...
The UAE vaccination administration rate is the second highest globally.

The UAE vaccination administration rate is the second highest globally.

Posted on Thursday 04 February 2021.
Reading time : 1 min.
The UAE has vaccinated 83,302 residents against Covid-19 in the last 24 hours. The country’s Ministry of Health and Prevention (MoHAP) said the total doses administered now stands at 2.57 million. This takes the rate of doses per 100 people to 26. The Dubai Health Authority (DHA) has announced that it is rescheduling appointments for those who were set to take the first dose of the Pfizer-BioNTech vaccine amid a global... Read more...
Expo 2020 Dubai, tourism recovery key to UAE economic rebound in 2021

Expo 2020 Dubai, tourism recovery key to UAE economic rebound in 2021

Posted on Tuesday 26 January 2021.
Reading time : 5 mins.
First Abu Dhabi Bank releases new investment outlook, predicting a V-shaped recovery for the UAE FAB noted that the rescheduling to October 2021 of the Expo 2020 Dubai will “add further strength” to the UAE economy The UAE economy should grow by about 2.5 percent this year after contracting by 6% in 2020 due to pressures relating to the global coronavirus pandemic and low oil prices. That’s according to a 2021 Global... Read more...
Number of foreign companies increases in UAE

Number of foreign companies increases in UAE

Posted on Thursday 21 January 2021.
Reading time : 1 min.
DUBAI: The number of foreign companies operating in the UAE increased by 3.5 percent in December versus a month earlier, state news agency WAM reported. The total number of foreign companies in the Gulf country during the same period was at 3,209, the report quoted UAE’s National Economic Register (NER). Most of the companies were based in Dubai, 763 were branches of other Gulf companies while 2,446 were foreign businesses. NER... Read more...
Qatar to offer more tourism, shopping opportunities, says business leader

Qatar to offer more tourism, shopping opportunities, says business leader

Posted on Wednesday 20 January 2021.
Reading time : 4 mins.
Qatar’s transformation into a self-reliant and self-sufficient nation in the past three years has improved the local market, allowing it to offer more tourism-related and shopping opportunities to local and international clientele, a prominent business leader has said. “Qatar has become a very unique destination for a lot of people; the government has added so many things in terms of dining experience, hotels, malls, theme... Read more...
Saudi Arabia offers $6trn investment opportunities

Saudi Arabia offers $6trn investment opportunities

Posted on Monday 18 January 2021.
Reading time : 3 mins.
Major investment opportunities worth $6 trillion will be available in Saudi Arabia over the next 10 years within the framework of the opportunities provided by the Kingdom's Vision 2030, His Royal Highness Prince Mohammed bin Salman bin Abdulaziz, Crown Prince, Deputy Prime Minister, and Minister of Defense, has said.   Participating in a strategic dialogue session within the activities of the World Economic Forum, he said the... Read more...
Oman’s appointment of first Crown Prince will boost investor confidence, say experts

Oman’s appointment of first Crown Prince will boost investor confidence, say experts

Posted on Friday 15 January 2021.
Reading time : 5 mins.
Sultan Haitham Bin Tariq Al Said’s decree creating a ‘stable mechanism for the transfer of power’ has been welcomed by analysts Oman’s move to appoint a Crown Prince for the first time in the sultanate’s history will improve long-term investor confidence in the Gulf nation, according to experts. On Monday, Sultan Haitham Bin Tariq Al Said issued a royal decree which promulgated a new Basic Law of the State,... Read more...
GCC will continue healthcare investment

GCC will continue healthcare investment

Posted on Tuesday 27 October 2020.
Reading time : 3 mins.
Maintain supportive fiscal and monetary policies until we are out of the woods of the health crisis, says IMF UAE – The International Monetary Fund (IMF) has asked the GCC countries to continue investing in the healthcare system and also maintain supportive fiscal and monetary policies. While giving remarks at a meeting of GCC finance ministers and central bank governors, Kristalina Georgieva, managing director of the IMF, praised the... Read more...
Third quarter Saudi-Bahrain trade surges by 43%

Third quarter Saudi-Bahrain trade surges by 43%

Posted on Monday 26 October 2020.
Reading time : 2 mins.
Non-oil trade between Saudi Arabia and Bahrain increased by 43 per cent to $688.4m during the third quarter of 2020 compared to $481m during Q3 of 2019. The surge in trade between both countries follows the easing of restrictions on cargo transit over the King Fahd Causeway back in August. Bilateral commerce between the two nations increased by 12 per cent past the $2bn mark during the first three quarters of 2020 to record a substantial... Read more...
Dubai takes entertainment to next level

Dubai takes entertainment to next level

Posted on Thursday 22 October 2020.
Reading time : 3 mins.
Dubai is providing UAE residents and visitors the opportunity to enjoy a spectacular lineup of live entertainment, lifestyle and sporting action following the restart of the city’s events sector. This further reinforces the emirate’s position as an international events hub and one of the world’s safest destinations. As one of the first few cities in the world to safely and effectively restart the events sector, Dubai has become a... Read more...
Get policies right and global trade can have an $18t boost, says DMCC report

Get policies right and global trade can have an $18t boost, says DMCC report

Posted on Wednesday 21 October 2020.
Reading time : 3 mins.
Deteriorating US-China ties will come to define trade in the 2020’s, plus the pandemic Dubai: A combination of tech-led advances and growth in cross-border services mixed with right sort of policies can boost global trade by $18 trillion – that’s according to the latest Future of Trade report DMCC (Dubai Multi Commodities Centre). Geopolitical tensions, namely the US-China trade war, and economic recovery from the pandemic will... Read more...
Saudi UAE health wellness market to grow by 10,9% to reach 14,56 billion

Saudi UAE health wellness market to grow by 10,9% to reach 14,56 billion

Posted on Tuesday 20 October 2020.
Reading time : 2 mins.
According to a recent analysis by Frost & Sullivan, the health and wellness F&B market in Saudi Arabia and the UAE is estimated to grow at a compound annual growth rate (CAGR) of 10.9% to reach $14.56 bilion The research highlights shifting consumer attitudes, connectivity and health-conscious among customers in the GCC, and the fact that the two countries account for nearly 85% of the region’s health & wellness market. GCC’s health... Read more...
How new equestrian start-up in the UAE jumped clear of the coronavirus crisis

How new equestrian start-up in the UAE jumped clear of the coronavirus crisis

Posted on Monday 19 October 2020.
Reading time : 3 mins.
Online classifieds platform dedicated to equestrian-related business world is launched in the UAE during pandemic How new equestrian start-up jumped clear of the coronavirus crisis Launched during the Covid-related lockdown, Horses Middle East “has been successful so far,” according its Italian founder Federica D’Andrea. An online classifieds platform dedicated to the equestrian-related business world has managed to hurdle the... Read more...
Esports, VR gaming complex to be set up in Abu Dhabi

Esports, VR gaming complex to be set up in Abu Dhabi

Posted on Thursday 15 October 2020.
Reading time : 2 mins.
Beirut-based Robocom VR to provide content and technology for ‘Pixel’ A vast esports and VR gaming complex is set to open in Abu Dhabi in 2021. To be known as Pixel, the complex is being built at Al Qana, an upcoming waterfront destination in the UAE capital. Beirut-based Robocom VR will provide the content and technology for Pixel.ADVERTISING Pixel will also include an esports academy to train the next generation of UAE esports... Read more...
Dubai hotels post highest occupancy since February

Dubai hotels post highest occupancy since February

Posted on Wednesday 14 October 2020.
Reading time : 1 min.
Dubai’s hotel industry reported its highest occupancy level since February, according to preliminary September 2020 data from STR, a leading provider of market data on the hotel industry worldwide. Year-over-year declines in the key performance metrics remained significant, STR said in its report. Occupancy levels increased to 45.4% in September 2020 as against a decline of 37.6% during the same month of 2019. Average daily rate (ADR)... Read more...
Oman to introduce 5% VAT in April

Oman to introduce 5% VAT in April

Posted on Tuesday 13 October 2020.
Reading time : 1 min.
Essential food items, medical care, education and financial services will be exempt from the planned levy Cash-strapped Oman is planning to introduce a 5 per cent value-added tax in April, following the lead of Gulf neighbours. Essential food items, medical care, education and financial services will be exempt from the planned levy, according to a royal decree detailing the tax on Monday. Oman, the biggest oil exporter outside OPEC, was... Read more...
Abu Dhabi Customs introduces incentives for importers

Abu Dhabi Customs introduces incentives for importers

Posted on Monday 12 October 2020.
Reading time : 2 mins.
It is aimed at helping small and medium enterprises enhance their competitiveness The General Administration of Customs in Abu Dhabi has unveiled a new package of incentives to support importers. Abu Dhabi Customs will allow bank guarantees to be replaced by institutional guarantees for accredited partners. It will also facilitate the seamless transportation of goods between free zones and customs warehouses, with electronic monitoring... Read more...
Abu Dhabi leading the revival of global sporting events

Abu Dhabi leading the revival of global sporting events

Posted on Thursday 08 October 2020.
Reading time : 4 mins.
Abu Dhabi is now the benchmark for global sporting events thanks to its successful and safe hosting of UFC Fight Island, according to one of the main men tasked with ensuring the fighters are safe during their bouts in the Octagon. Yas Island is currently hosting Return to Fight Island, a mega five-event series hot on the heels of the July’s inaugural UFC Fight Island. Having already staged UFC 253 and one UFC Fight Night, the packed... Read more...
GCC e-commerce market to more than double to $50bn by 2025 due to pandemic-driven boom

GCC e-commerce market to more than double to $50bn by 2025 due to pandemic-driven boom

Posted on Wednesday 07 October 2020.
Reading time : 3 mins.
The GCC’s e-commerce sector is predicted to more than double to $50 billion in the next five years, up from $24bn this year, as pandemic-related movement restrictions lead to a shift in shopping habits in the region, according to a new report. The report by consultancy Kearney forecasts that the sector will grow at a compound annual rate of 20 per cent between 2020 and 2022, with growth tapering off to 14 per cent per year from 2022 to... Read more...
World’s largest fountain to launch in Dubai on the Palm Jumeirah

World’s largest fountain to launch in Dubai on the Palm Jumeirah

Posted on Monday 05 October 2020.
Reading time : 2 mins.
Dubai: Because one record-breaking fountain isn’t enough, Dubai will be home to two of them. The ‘Palm Fountain’, which is set to launch on Thursday, October 22, will attempt to break a Guinness World Record as the worlds’ largest fountain, potentially moving the Dubai Fountain at Dubai Mall to second place. Located at the Pointe, a lifestyle and dining destination on Palm Jumeirah, the ‘Palm Fountain’, is the Palm’s latest... Read more...
Saudi Arabia to host world’s richest horse race in February

Saudi Arabia to host world’s richest horse race in February

Posted on Thursday 01 October 2020.
Reading time : 7 mins.
The Jockey Club of Saudi Arabia (JCSA) on Tuesday announced the return of the world’s richest horse race, the $20-million Saudi Cup, as well as a prize money increase and a new international race. The race will take place on February 19 and 20, 2021. At a series of press events held via video link from King Abdulaziz Racecourse in Riyadh, HRH Prince Bandar Bin Khalid Al Faisal, Chairman of the Jockey Club of Saudi Arabia, was keen to... Read more...
Saudi Arabia’s tourism fund signs deal with banks to finance up to $43bn worth of projects

Saudi Arabia’s tourism fund signs deal with banks to finance up to $43bn worth of projects

Posted on Tuesday 29 September 2020.
Reading time : 3 mins.
Source: Pixabay Saudi Arabia’s Tourism Development Fund signed an agreement with the country’s two major lenders Riyad Bank and Banque Saudi Fransi to finance tourism projects worth up to 160 billion Saudi riyals ($43bn) in the kingdom. As part of the deal, the fund and the banks will set up a mechanism to support the financing of tourism projects in various regions of the kingdom, according to a statement on state news agency SPA on... Read more...
Are UAE businesses finally back on track after COVID-19?

Are UAE businesses finally back on track after COVID-19?

Posted on Monday 28 September 2020.
Reading time : 6 mins.
Businesses are focussed on going hyper-local in generating sales until tourists return Dubai: UAE’s businesses are taking fresh lessons in the value of community – be close to the consumer and they have a better chance of staging a recovery from the pandemic. And in less time as well. Whether it is an F&B or grocery outlet or stores focused on providing services to that particular community, they are the ones recording improved sales... Read more...
All emirates in the UAE start issuing tourist visas

All emirates in the UAE start issuing tourist visas

Posted on Thursday 24 September 2020.
Reading time : 2 mins.
The UAE’s Federal Authority for Identity and Citizenship (ICA) has announced that it has resumed issuing entry permits into the country, starting Thursday, September 24. However, work permits will still not be issued at this stage. “The resumption of this service is within the framework of easing restrictions and strengthening the state’s efforts towards supporting recovery plans of the country’s tourism sector and economy,” read... Read more...
GCC healthcare sector investments to reach $89bln by 2022

GCC healthcare sector investments to reach $89bln by 2022

Posted on Wednesday 23 September 2020.
Reading time : 3 mins.
KPMG says healthcare expenditure in the region will increase by 50% over a decade Healthcare-related expenditure in the GCC states grew from $60 billion in 2013 to $76 billion in 2019 and is expected to grow to a further $89 billion by 2022, an overall increase of nearly 50 percent from 2013 to 2022, according to global accounting and consulting firm KPMG. From 2018 to 2022, private-sector healthcare spending is forecast to increase at a... Read more...
Dubai hosts first medical conference since onset of Covid-19 pandemic

Dubai hosts first medical conference since onset of Covid-19 pandemic

Posted on Tuesday 22 September 2020.
Reading time : 2 mins.
More than 450 local and international health specialists attended physically or virtually Dubai has hosted the “6th Annual MENA International Orthopaedic Congress”, in the physical and virtual presence of over 450 specialists from 20 countries worldwide. The hybrid event, hosted with support from the country’s health authorities and events management firm Maarefah Management, was the first of its kind congress since the social... Read more...
Qatar’s first solar agriculture greenhouse

Qatar’s first solar agriculture greenhouse

Posted on Monday 21 September 2020.
Reading time : 4 mins.
Qatar University’s (QU) Solar Greenhouse project is funded by the Qatar National Research Fund (QNRF), National Priority Research Program (NPRP), in collaboration with Department of Agricultural Research of the Ministry of Municipality and Environment (MME). During the past 15 years, Qatar witnessed rapid economic and exponential population growth. Thus, the research and development projects of Protected Agriculture is essential for healthy... Read more...
Reopening of international flights in Saudi Arabia:

Reopening of international flights in Saudi Arabia:

Posted on Thursday 17 September 2020.
Reading time : 1 min.
Saudi Arabia is set to ease its suspension on international flights from 06:00 on Tuesday 15th September, after nearly six months of an air travel ban aimed at curbing the spread of coronavirus. The Kingdom will end some restrictions on air, land and sea transport for its citizens from tomorrow. From 1st January 2021, all restrictions are set to be lifted. Saudi Arabia suspended all international flights in March this year. Gulf citizens... Read more...
Saudi Arabia reopens its land borders with UAE, Kuwait, Bahrain

Saudi Arabia reopens its land borders with UAE, Kuwait, Bahrain

Posted on Wednesday 16 September 2020.
Reading time : 1 min.
JEDDAH: Saudi Arabia’s land borders with the UAE, Kuwait and Bahrain will reopen after a four-month closure as the Kingdom eases the pandemic’s restrictions and economic activity returns to normal. Commercial trucks carrying goods for the Kingdom will also be allowed to enter through land ports from Gulf Cooperation Council (GCC) states following a circular issued by Saudi Customs. On March 7, the Kingdom announced that land border... Read more...
For start: 15 other destinations from Muscat next month

For start: 15 other destinations from Muscat next month

Posted on Thursday 10 September 2020.
Reading time : 1 min.
Oman’s national carrier, Oman Air, tweeted on Wednesday night confirming that it would resume flights from Muscat International Airport to 16 destinations in 12 countries, including the UAE, from October 1. The airline confirmed that these flights will connect Muscat with London, Istanbul, Frankfurt, Cairo, Mumbai, Delhi, Kochi, Dubai, Doha, Dar Es Salaam, Zanzibar, Kuala Lumpur, Manila, Lahore and Islamabad, with more destinations expected... Read more...
Dubai’s Danube chairman on why the UAE will see a V-shaped recovery from the Covid crisis

Dubai’s Danube chairman on why the UAE will see a V-shaped recovery from the Covid crisis

Posted on Wednesday 09 September 2020.
Reading time : 9 mins.
The UAE is poised for a rapid rebound from the Covid-19 pandemic, mainly led by tourism, opines Danube Group’s Rizwan Sajan As he admits, the chairman and founder of Dubai-based construction and property conglomerate Danube Group is an optimist by nature, and hence it is easy to fathom why he believes that the UAE’s economy will recover rapidly from the Covid-19 crisis. “The UAE is set to witness one of the fastest V-shaped... Read more...
Oman to resume international flights from October 1

Oman to resume international flights from October 1

Posted on Tuesday 08 September 2020.
Reading time : 2 mins.
Oman is set to reopen to international flights on October 1. The country’s Supreme Committee said it would restart international flights to and from the sultanate next month in accordance with health data for specific destinations. No further details of the reopening have been released, but it’s likely that Oman will categorise destinations based on the scale of the coronavirus outbreak in each country. Following the announcement,... Read more...
Bahrain re-opens borders to tourists and non-residents from 182 countries

Bahrain re-opens borders to tourists and non-residents from 182 countries

Posted on Monday 07 September 2020.
Reading time : 1 min.
Passengers must undergo a PCR test at their own expense after landing Those staying in the country for longer than 10 days must take a follow-up test on the 10th day of their visit. Bahrain has re-opened its borders to tourists and non-residents following the introduction of new Covid-19 testing measures. Passengers holding electronic visas and those eligible for visas on arrival – from 114 countries and 68 countries respectively –... Read more...
Lufthansa to increase Dubai flights by 30% as demand returns

Lufthansa to increase Dubai flights by 30% as demand returns

Posted on Thursday 03 September 2020.
Reading time : 3 mins.
German flag carrier Lufthansa has revealed plans to ramp up its operations from Dubai, with a 30 percent increase in flights from the emirate to Frankfurt from the company’s restart operations in August. The addition of eight new flights will see five flights-a-week from September 3 to 13, and four weekly services as of September 14. “After a positive restart in August we already see our commitment to the market further strengthening... Read more...
Dubai ranks first in Arab region in medical tourism

Dubai ranks first in Arab region in medical tourism

Posted on Wednesday 02 September 2020.
Reading time : 4 mins.
Dubai has maintained its position as the leading Arab destination for medical travellers for the second year in a row, according to the Global Medical Tourism Index, which was recently released by the International Healthcare Research Center (IHRC). Worldwide, the emirate, one of the globe’s most preferred tourist hubs, ranked sixth on the list of 46 unique destinations, reflecting anew its competitiveness in providing advanced healthcare... Read more...
July offers a cargo boost for Middle East carriers

July offers a cargo boost for Middle East carriers

Posted on Tuesday 01 September 2020.
Reading time : 2 mins.
With passenger services also resuming, they can look to a much better fourth quarter 2020. Dubai: Middle East carriers managed some gains in their cargo volumes during July compared with June, spelling out more hope for an industry that is picking up the pieces from the COVID-19 hit. Along with them resuming more passenger services, it is hoped they can see some drastic improvements during the crucial fourth quarter. In July,... Read more...
Safe zones: how Abu Dhabi plans to host major global events amid Covid threat

Safe zones: how Abu Dhabi plans to host major global events amid Covid threat

Posted on Monday 31 August 2020.
Reading time : 4 mins.
Department of Culture and Tourism – Abu Dhabi to evolve ‘safe zones’ concept to continue to host events despite Covid-19 restrictions The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) has announced it is to develop its “safe zone” to ensure the return of tourism and other major events in the coming months. Tha announcement follows the recent successful delivery of UFC Fight Island, which featured the creation of... Read more...
Virtual reality entertainment backer has big plans for the Gulf

Virtual reality entertainment backer has big plans for the Gulf

Posted on Thursday 27 August 2020.
Reading time : 8 mins.
Dubai-based equity fund Immersive Experiences (IEX) has revealed plans to double its portfolio in the next five years. The company launched XStrike, in Al Quoz, in December, a live-action combat simulation concept, and was set to open up Woo Hoo, an experimental edutainment centre aimed at parents and children, before the first Eid break earlier this year. The onset of coronavirus saw that delayed, with the launch now scheduled for next... Read more...
Global trade to stabilise further as major economies re-open

Global trade to stabilise further as major economies re-open

Posted on Wednesday 26 August 2020.
Reading time : 4 mins.
A cautious optimism has continuously marched ahead over the last few months, as several advanced economies gradually “re-opened” their activities, hopefully leaving the peak of the pandemic shock behind. The stabilisation of the COVID-19 spread and aggressive policy stimulus produced a significant reversal of economic trends, from a rapid but deep depression to what so far appears to be a recovery to close to previous levels in the medium... Read more...
Dubai Customs transactions jump 36pc

Dubai Customs transactions jump 36pc

Posted on Tuesday 25 August 2020.
Reading time : 1 min.
Customs transactions processed by Dubai Customs jumped 36% in the first five months of 2020 to reach 5.9 million compared to 4.4 million transactions in the corresponding period of 2019. Dubai Customs completed 5.88 million transactions (99.2%) through smart and online channels, with only 0.8% done through the service counters, a release said. Customs declarations rose 42% in the first five months of this year to reach 5 million declarations... Read more...
Bahrain cancels mandatory 10-day quarantine for all inbound travellers

Bahrain cancels mandatory 10-day quarantine for all inbound travellers

Posted on Monday 24 August 2020.
Reading time : 2 mins.
However, everyone still is tested for Covid-19 on arrival at the Bahrain The Bahrain government confirmed that the mandatory 10-day quarantine was lifted for all incoming passengers whose Covid-19 test undertaken upon their arrival in the country is confirmed to be negative beginning on Thursday, August 20. Passengers arriving in Bahrain will be subjected to a mandatory Covid-19 PCR test at the airport itself, with another test conducted... Read more...
Dubai businesses return to growth first time since virus struck

Dubai businesses return to growth first time since virus struck

Posted on Tuesday 11 August 2020.
Reading time : 3 mins.
Gains in output and new work were largely behind the first expansion in the non-oil economy in five months • The rate of output growth was the quickest so far in 2020 • Construction as well as the wholesale and retail industry are leading the upswing • Travel and tourism had their first rise in activity since February despite lagging behind in terms of output growth • Inventories rose at the strongest rate since last... Read more...
Covid-19 impact positive through 2025, say Saudi leaders

Covid-19 impact positive through 2025, say Saudi leaders

Posted on Monday 10 August 2020.
Reading time : 4 mins.
Most thought leaders and decision makers in Saudi Arabia anticipate that Covid-19 will be a positive accelerant of the transformation already underway in the Kingdom, according to a new report. The survey commissioned by independent Saudi think tank Al Aghar Group in partnership with global management consultancy Kearney focused specifically on the social impact of the Covid-19 crisis on the Kingdom through 2025. Respondents believe that... Read more...
Jumeirah certifies more properties

Jumeirah certifies more properties

Posted on Thursday 06 August 2020.
Reading time : 2 mins.
Jumeirah set the bar high last month with three additional properties within its Dubai portfolio receiving the prestigious Bureau Veritas Safeguard Label. Guests staying at Jumeirah Al Qasr, Jumeirah Dar Al Masyaf and Jumeirah Creekside Hotel in Dubai can be assured of the highest hygiene standards after these three additional five-star hotels followed in the footsteps of Jumeirah Al Naseem to be awarded Bureau Veritas’ Safeguard Label.... Read more...
GCC healthcare sector poised for significant investments in digital health to kick-start recovery of industry post COVID-19

GCC healthcare sector poised for significant investments in digital health to kick-start recovery of industry post COVID-19

Posted on Tuesday 04 August 2020.
Reading time : 5 mins.
Joint research conducted by Mashreq, one of the leading financial institutions in the UAE, and Frost & Sullivan, a growth strategy consulting and research firm, reveals that Gulf Cooperation Council (GCC) healthcare service providers are poised for significant investments in digital health to kick-start the recovery of the industry post COVID-19. The research report, titled GCC Healthcare: A Glance into the Future, found that revenue in the... Read more...
Eid Al Adha 2020 different than usual

Eid Al Adha 2020 different than usual

Posted on Thursday 30 July 2020.
Reading time : 3 mins.
Muslims around the world are set to celebrate the annual festival of Eid al-Adha – the Festival of Sacrifice – which falls on the 10th day of Dhul Hijjah, the 12th and last month of the Muslim lunar calendar. Eid al-Adha is the second major Muslim festival after Eid al-Fitr, which marks the end of Ramadan, the month of fasting. The occasion will be celebrated in most countries on Friday, July 31. Here are five things to know about... Read more...
Union Coop opens major warehouse in Dubai

Union Coop opens major warehouse in Dubai

Posted on Wednesday 29 July 2020.
Reading time : 2 mins.
Union Coop, the largest consumer cooperative in the UAE, opened ‘Coop Factory’ – one of the largest commodity warehouses in the Middle East and its wholesale branch to sell food and non-food commodities. The new warehouse is located in the Al Tayy suburb of Dubai and will sell commodities at wholesale prices, which will be at discounts ranging between 15 to 20%, it said. The total area of the warehouse and the Union Coop branch is... Read more...
Saudi’s Arabia Red Sea development dreams begin to take shape

Saudi’s Arabia Red Sea development dreams begin to take shape

Posted on Tuesday 28 July 2020.
Reading time : 13 mins.
While the global tourism industry is reeling from the effects of Covid-19 on international travel and travellers choose to stay put, one of the most ambitious luxury leisure developments in the world is quietly taking shape in a corner of Saudi Arabia rightly described as the last hidden gem in the world. Jola Chudy speaks to Red Sea Development Company CEO Jon Pagano about how a quest to build a resort of unmatched luxury goes hand in hand with... Read more...
UAE’s used car sales set to surge past 1 million mark by 2025

UAE’s used car sales set to surge past 1 million mark by 2025

Posted on Monday 27 July 2020.
Reading time : 6 mins.
For every new car sold in the UAE in 2019, about 3.5 used cars were sold. By 2025, this ratio is expected to settle at about 2.9: 1 in favour of used cars, with overall sales crossing the 1 million mark. What’s clear from these figures, based on Frost & Sullivan’s recent analysis, Growth Opportunities in the UAE Used Car Market by 2025, is that the UAE’s used car market has new energy and dynamism. Consumers are being drawn to... Read more...
$5bn green hydrogen, ammonia facility planned in Neom

$5bn green hydrogen, ammonia facility planned in Neom

Posted on Thursday 23 July 2020.
Reading time : 4 mins.
Air Products, in conjunction with Acwa Power and Neom, announced the signing of an agreement for a $5-billion world-scale green hydrogen-based ammonia production facility powered by renewable energy in Saudi Arabia. The project, which will be equally owned by the three partners, will be sited in Neom, a new model for sustainable living located in the northwest corner of Saudi Arabia, and will produce green ammonia for export to global... Read more...
GCC construction sector set to gain ground in Q4

GCC construction sector set to gain ground in Q4

Posted on Wednesday 22 July 2020.
Reading time : 4 mins.
The GCC construction sector has bottomed out, and the market will gain momentum in fourth quarter when new big contract awards will be awarded following a recovery in oil prices and increased optimism about economic growth amidst falling Covid-19 cases, say industry executives and analysts. “Ongoing construction activity has already resumed its recovery. While market sentiment leans towards a recovery in first quarter of 2020, subject to... Read more...
Dubai hotel operators ‘cautiously optimistic’ as tourists begin to trickle in

Dubai hotel operators ‘cautiously optimistic’ as tourists begin to trickle in

Posted on Tuesday 21 July 2020.
Reading time : 3 mins.
Hotel operators in Dubai have recorded an increase in enquiries as the emirate re-opens to tourism, with many expressing cautious optimism that demand will pick up over the coming months. On Tuesday, July 7, Dubai reopened its doors to international visitors in the hopes of reviving its tourism industry after a closure that lasted almost four months. In an interview Jumeirah Group chief commercial officer Alexander Lee explained that... Read more...
Abu Dhabi non-oil foreign trade hits $21.84bn in 5 months

Abu Dhabi non-oil foreign trade hits $21.84bn in 5 months

Posted on Monday 20 July 2020.
Reading time : 2 mins.
The value of Abu Dhabi’s non-oil foreign trade reached AED80.23 billion ($21.84 billion) during the first five months of 2020, the Abu Dhabi Customs has announced. Exports value reached AED23.20 billion ($6.32 billion) and the re-export value hit AED14.79 billion, while imports amounted to AED42.24 billion. Saudi Arabia remained the top trading country with Abu Dhabi during the period with the trade reaching AED17.91 billion.... Read more...
Huge new online fulfilment centre for Carrefour in Dubai

Huge new online fulfilment centre for Carrefour in Dubai

Posted on Tuesday 14 July 2020.
Reading time : 2 mins.
Majid Al Futtaim, the leading shopping mall, communities, retail and leisure pioneer across the Middle East, Africa and Asia, has opened its largest Carrefour online fulfilment centre. Located in Dubai’s Al Garhoud area, the facility has been set up to ensure the quick and efficient preparation and delivery of products to online shoppers across the emirate. Visible from planes landing at the nearby Dubai International Airport, the Al... Read more...
$15 billion Gulf Railway to begin operations by 2023

$15 billion Gulf Railway to begin operations by 2023

Posted on Monday 13 July 2020.
Reading time : 1 min.
A $15 billion railway connecting the Gulf States is expected to begin operating in 2023, following almost twenty years of stalling and uncertainty, Saudi newspaper Al-Jazirah has revealed. The Gulf Railway will connect the Gulf Cooperation Council member states. The first phase to be completed will connect Saudi Arabia, Oman and the United Arab Emirates. The second phase is intended to be completed by 2025, and will link Saudi Arabia, Kuwait... Read more...
New committee to ease building permit process set up in Dubai

New committee to ease building permit process set up in Dubai

Posted on Thursday 09 July 2020.
Reading time : 2 mins.
The decision authorises the committee to list, analyse, revise and develop procedures for providing services related to the issuance of building permits. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Ruler of Dubai, Vice President and Prime Minister of the UAE, has issued a new decision pursuant to which a temporary committee named ‘Dubai’s Committee for Building Permit Procedures Development’ will be formed. He issued the... Read more...
Despite downturn, Saudi Arabia pursues goal of doubling size of capital city

Despite downturn, Saudi Arabia pursues goal of doubling size of capital city

Posted on Wednesday 08 July 2020.
Reading time : 3 mins.
Saudi Arabia is pressing on with plans to double the size and population of its capital city in the next decade, a government official said, despite an economic downturn due to the coronavirus crisis and low oil prices. Fahd Al-Rasheed, president of Riyadh’s royal commission, said the government has already committed some $266.6 billion for ongoing and new projects as part of total investments of some $800 billion over the next 10 years in... Read more...
Full list of cities that Dubai airlines now connect for tourists and residents

Full list of cities that Dubai airlines now connect for tourists and residents

Posted on Tuesday 07 July 2020.
Reading time : 3 mins.
With Dubai all set to welcome foreign tourists from July 7, the city’s local airlines Emirates and flydubai have shared an updated list of destinations in their flight network. Emirates has resumed services to 51 destinations while flydubai now operates flights to 17 cities. Currently, the largest network of available Emirates flights is from Europe, covering a total of 18 destinations: Amsterdam, Athens, Barcelona, Brussels, Copenhagen,... Read more...
Saudi Arabia’s Qiddiya to award 10bn riyals of contracts for Riyadh mega project

Saudi Arabia’s Qiddiya to award 10bn riyals of contracts for Riyadh mega project

Posted on Monday 06 July 2020.
Reading time : 5 mins.
The Qiddiya project coming up in Riyadh is expected to boost tourism potential of Saudi Arabia. Saudi Arabia’s Qiddiya Investment Company, backed by the kingdom’s sovereign wealth fund, plans to award at least 10 billion riyals ($2.66bn/Dh9.79bn) worth of contracts to various companies this year to speed up the construction of a mega entertainment and sports project in the capital Riyadh. “We’ve awarded well over 1bn riyals... Read more...
Kuwait eases restrictions as it enters Phase 2 of reopening of economy

Kuwait eases restrictions as it enters Phase 2 of reopening of economy

Posted on Thursday 02 July 2020.
Reading time : 1 min.
Kuwait City: Kuwait has opened shopping malls, allowed 30 per cent of private and public sector employees to return to work, and has put in place a new partial curfew from 8pm to 5am as part of Phase 2 of its efforts to reopen the economy. The announcement was made by governmental spokesman Tareq Al Mezrem during a virtual press conference late last month. “The cabinet of ministers’ interest in reopening the economy led to the decision... Read more...
Tourism in Saudi Arabia is a booming sector

Tourism in Saudi Arabia is a booming sector

Posted on Tuesday 30 June 2020.
Reading time : 1 min.
According to a report in the Saudi Gazette, Saudi authorities are working to open 38 tourist sites in seven different tourist destinations by 2022. “Tourism constitutes 10 percent of the average total income of the world’s economies,” Al Khateeb said. “This sector constitutes 18 percent of Spain’s income, for example, 16 percent of France’s income, while it contributes 3.5 percent of the income in the kingdom’s... Read more...
Dubai developer backs construction sector to ‘get back on track’ soon

Dubai developer backs construction sector to ‘get back on track’ soon

Posted on Thursday 25 June 2020.
Reading time : 2 mins.
Dubai-based developer Rizwan Sajan said “it’s just a matter of time for the [construction] sector to come back” in the Gulf region, despite the impact of Covid-19 pandemic. The founder and chairman of Danube Group, which has launched multiple projects across Dubai, said the construction sector in the GCC region is linked to the price of oil and once the price nears $50, the property market will see a resurgence in activity, including... Read more...
Sharjah opens cinemas, entertainment centres

Sharjah opens cinemas, entertainment centres

Posted on Tuesday 23 June 2020.
Reading time : 1 min.
Sharjah’s Economic Development Department (SEDD) has said that cinemas, auction houses, entertainment centres, valet services and fitness facilities in the UAE emirate can re-open with 50 per cent capacity provided they follow the necessary safety guidelines. These guidelines include taking temperature checks, providing visitors with sanitisers and ensuring safety distance of 2 m, in addition to limiting customers to 50 percent of store... Read more...
Saudi Arabia lifts national curfew, resumes commercial activities

Saudi Arabia lifts national curfew, resumes commercial activities

Posted on Monday 22 June 2020.
Reading time : 1 min.
Saudi Arabia resumed all commercial activities and lifted restrictions on movement even as coronavirus cases show no signs of easing. The curfew was lifted across the nation from 6am from Sunday, June 21, but international travel. Social distancing remains in place and wearing of masks is mandatory. Gatherings can’t exceed 50 people. In the first week of June, Saudi reimposed a partial curfew across the governorate of Jeddah for a... Read more...
UAE ranks among world’s most trusted governments

UAE ranks among world’s most trusted governments

Posted on Wednesday 17 June 2020.
Reading time : 3 mins.
Trust in the UAE government surged 11 points to an all-time high of 65 per cent, making it the most trusted institution globally above businesses, NGOs and the media, a report said. Trust in the UAE Government is evidenced by 55 per cent of respondents who believe it serves the interests of everyone equally and fairly, added the 20th anniversary edition of the Edelman UAE Trust Barometer. The research is conducted by Edelman Intelligence, a... Read more...
Qatar to lift coronavirus restrictions in four phases

Qatar to lift coronavirus restrictions in four phases

Posted on Tuesday 09 June 2020.
Reading time : 1 min.
Gulf country will gradually start easing lockdown from June 15, government Qatar will start lifting coronavirus restrictions under a four-phase plan starting June 15. Government spokesperson Lolwa Rashed al-Khater on Monday said some mosques would be allowed to reopen from June 15, and some stores in malls will also be allowed to reopen if certain conditions are met. The second phase of easing the lockdown would start on July 1, the third... Read more...
Saudi Arabia three phase plan to ease COVID-19 restrictions

Saudi Arabia three phase plan to ease COVID-19 restrictions

Posted on Monday 08 June 2020.
Reading time : 2 mins.
Saudi Arabia announced it is going to ease some restrictions taken to limit the spread of coronavirus, allowing movement and resumption of some economic and commercial activities. At present the country remains at second phrase. First phase In the first phase, movement within and between all regions of the Kingdom in private cars was allowed from 6.00am to 3.00pm except in Mecca. Economic and commercial activities were resumed in retail and... Read more...
Qatar announces easing of coronavirus restrictions

Qatar announces easing of coronavirus restrictions

Posted on Friday 05 June 2020.
Reading time : 1 min.
Qatar has started to ease its coronavirus restrictions slightly by extending the working hours of the commercial and service sectors. From Thursday, the permitted working hours for commercial and service activities are from 7am to 8pm local time, according to the Ministry of Commerce and Industry. All industrial activities, contracting companies, and engineering supervisory works – construction sites and engineering offices – will also... Read more...
Dubai: gyms, entertainment venues, theaters etc. to reopen

Dubai: gyms, entertainment venues, theaters etc. to reopen

Posted on Thursday 04 June 2020.
Reading time : 1 min.
The Dubai government announced new measures to lift restrictions on businesses, allowing gyms, movie theaters, leisure venues, educational and training institutes, child learning centers and all retail and wholesale establishments to reopen. Entertainment and leisure venues like the Dubai Ice Rink and Dolphinarium are able to reopen as well. Shopping malls operators and private sector enterprises in Dubai have hailed the reopening of... Read more...
Kuwait has started implementing a five-phased plan

Kuwait has started implementing a five-phased plan

Posted on Wednesday 03 June 2020.
Reading time : 1 min.
Kuwait has started implementing a five-phased plan to reopen the economy completely by mid-September. Under the current phase, which will last for three weeks, those looking to shop at cooperative societies and supermarkets will need to do a prior booking online – as it was during the curfew. Health authorities will assess progress before moving to the next phase. Source: Gulf Business Read more...
Oman slightly eases lockdown

Oman slightly eases lockdown

Posted on Tuesday 02 June 2020.
Reading time : 1 min.
The health closure/isolation of Oman’s capital was lifted from Friday, May 29. The governorate has been in a state of lockdown since April 10 to curb the spread of Covid-19. Oman News Agency reported on Wednesday that the committee has also decided to let 50 per cent of staff to work from offices from Sunday, May 31. This came as the committee held a meeting under the chairmanship of Sayyid Hamoud bin Faisal al Busaidi, Minister of... Read more...
Saudi Arabia is reopening restaurants and coffee shops

Saudi Arabia is reopening restaurants and coffee shops

Posted on Monday 01 June 2020.
Reading time : 1 min.
Restaurants and coffee shops in Saudi Arabia have reopened their dine-in sections to customers after more than two months of closure as a part of the lockdown imposed by the government to limit the spread of coronavirus disease (COVID-19). The reopening comes as a part of the second phase of a government plan, announced on May 26, to resume economic activity and gradually return to normal. The second phase reduces the curfew and increases time... Read more...
Kuwait organisations in deal to build new industrial port

Kuwait organisations in deal to build new industrial port

Posted on Friday 29 May 2020.
Reading time : 1 min.
The Kuwait Port Authority has joined hands with the Public Authority for Industry (PAI) for the design and construction of an industrial port in the south of the country, reported Kuwait News Agency (KUNA). The MoU, which also includes a joint study for the project, aims to elevate Kuwait’s position worldwide and enhance its local manufacturing capability, stated the report. A public sector body run on a commercial basis under the... Read more...
Saudi Arabia to resume domestic flights next week

Saudi Arabia to resume domestic flights next week

Posted on Thursday 28 May 2020.
Reading time : 1 min.
Saudi Arabia is gearing up to resume domestic flights, beginning on May 31, as it eases coronavirus lockdown measures, said a report. Resumption of domestic flights will be in a phased manner and will include all domestic destinations within two weeks, Saudi Gazette reported citing a statement from the kingdom’s General Authority of Civil Aviation (GACA). The GACA added that it completed its operational preparations to gradually lift the... Read more...
S’armer, face aux difficultés liées à l’exportation : Import-Export Clubs des CCI

S’armer, face aux difficultés liées à l’exportation : Import-Export Clubs des CCI

Posted on Tuesday 17 January 2017.
Reading time : 7 mins.
S’armer, face aux difficultés liées à l’exportation : Import-Export Clubs des CCI Depuis de longues années, la CCI du Brabant wallon a misé sur l’internationalisation. Elle ne se contente pas d’assister les entreprises dans les nombreuses formalités liées à l’export. Elle les encourage aussi à développer leurs contacts internationaux en organisant des rencontres avec des acteurs du commerce international, des... Read more...
The week of International Business

The week of International Business

Posted on Thursday 17 October 2013.
Reading time : 1 min.
François-Xavier Depireux was presence during Week of International Business. This event took place in Limburg, Belgium. François had a chance to describe « Ten tips how to do a business in the Middle-East » Read more...

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