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Dec 2022

China and Saudi Arabia shake hands to enhance trade relations between the two countries on a whole range of sectors

President Xi Jinping of China made a historic trip to the Kingdom of Saudi Arabia to solidify business relations between the two nations. He met with King Salman and Saudi…

Dec 2022

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The UAE plans to roll out its new corporate tax in 2023. Here’s what you need to know

The United Arab Emirates recently issued a federal corporate tax law which will impose a 9% rate on taxable incomes that exceed AED 375000. Those falling below this earning threshold…

Nov 2022

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China’s digital economy hits $6.3 trillion

A recent report released by the Chinese Academy of Cyberspace Studies revealed that China’s digital economy hit a new high of $6.3 trillion (45.5 trillion yuan) in 2021. This accounts…

Nov 2022

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‘Red Gold’ Saffron grows in Sharjah’s desert

We know Dubai is famous for gold, but what if we tell you gold ‘grows’ in the country now! Well, not quite literally, but saffron, also called ‘Red Gold’, is…

Nov 2022

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Bahrain announces discovery of two new natural gas reservoirs

The Gulf is considered a gold mine for oil. And now, Bahrain- although known as one of the smallest oil-producers in the Arab world has discovered two new natural gas…

Oct 2022

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Hyundai to build $5.5 Bn electric vehicle plant in the USA

South Korea’s automotive manufacturer Hyundai announced the kick-off of a $5.5 billion electric vehicle and battery plant in the United States. The plant is expected to have an annual capacity…

Oct 2022

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Crypto firm 21Shares lists Bitcoin ETP on Nasdaq Dubai

Crypto investments firm 21.co listed its subsidiary 21Shares AG, as a Bitcoin exchange-traded product on Nasdaq Dubai. This makes it the Middle East’s first physically-backed bitcoin ETP. This is the…

Oct 2022

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UAE’s Lulu Group to go public ahead of expansion

Abu Dhabi’s Lulu Group International is set to launch an IPO next year. The move comes as the retail giant plans to expand its operations across the Middle East. According…

Sep 2022

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World Tourism Day 2022 in Bali with the theme ‘Rethinking Tourism’

On September 27, Bali, Indonesia, will host the official World Tourism Day event, reflecting the change in perception of tourism’s role as an essential development pillar. The International Day of…

Sep 2022

Highlights News

COP27 host Egypt vows to reach 100% green projects by 2030

According to Egypt’s Minister of Environment, Yasmine Fouad, the country is on track to have all of its national projects comply with green standards by 2030 as the Cop27 host…

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