| Saudi Top for Trading Co. agrees to buy 1k carbon credits from PIF-backed firm
Plastic and wax specialists Saudi Top Plastics has signed an agreement with a Public Investment Fund-backed firm to purchase 1,000 carbon credits. |
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| Saudi virtual court sees 110,000 requests in 2024
The Saudi Ministry of Justice has said the Virtual Enforcement Court in the Kingdom has received more than 110,000 requests that were automatically processed and completed during 2024, while the number of services provided to enforcement parties reached more than 2 million. |
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| Saudi Aramco finalizes deal for phase 2 of Jafurah gas field scheme
Saudi Aramco has finalized agreements for the second phase of its Jafurah gas field development and the third stage of the expansion of its master gas system, awarding contracts exceeding $25 billion. |
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| UAE: Can employees sue their boss for verbal abuse and misconduct?
I work at a freezone company as an administrative executive. A new team leader recently joined our small 3-member department. |
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| Dubai: How can residents claim money deposited for a staycation with local hotels?
We had a family staycation in Dubai during the Eid Al Fitr holidays. During check-in, the receptionist informed us that I could pay the security deposit using a debit card, and the amount would be refunded to my account within three working days. |
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| Implementing excise tax in Kuwait
The economy of Kuwait, as is the case with the other Gulf Cooperation Council (GCC) economies, is known for its hydrocarbon wealth. However, as Kuwait strives for diversification and fiscal sustainability, taxation has become an increasingly important tool. One key area is excise tax, a form of indirect tax levied on specific goods, i.e. excise goods. |
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| Kuwait, Russia sign accords for legal cooperation
The State of Kuwait, represented by the Ministry of Justice, signed with Russia on Friday two agreements for judicial and legal cooperation. |
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| PACI, Zain ink collaboration deal
The Public Authority for Civil Information (PACI) and Mobile Telecommunications Company - Zain announced the signing of a collaboration agreement. This partnership will integrate PACI’s Geographic Information Systems (GIS) portal and ‘Kuwait Finder’ services with Zain’s systems, allowing the company to significantly improve its customer service efficiency across multiple levels. |
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| 13,445 violators of immigration and residency laws arrested
A joint field campaign to monitor and apprehend violators of residency, work, and border-security laws in all regions of the Kingdom, carried out from June 20 to 26, has resulted in the arrests of 13,445 people. |
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| Top court upholds jail for convicts in 1MDB scandal
The court of cassation, the top court in Kuwait, on Thursday upheld a 10 year-jail term on a sheikh and his Kuwaiti partner for taking part in the country’s largest ever money laundering case in the so-called Malaysian Fund. |
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| EPA, IOSEA sign MoU to preserve sea turtles
Deputy Director General for Technical Affairs at the Environment Public Authority, Dr Abdullah Al-Zaidan, announced the accession of Kuwait to the Indian Ocean and Southeast Asia (IOSEA) Convention for the Conservation of Marine Turtles and the signing of a memorandum of understanding that falls under the convention on the Conservation of Migratory Species of Wildlife. |
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| Saudi Arabia advances renewable goals with 5,500 MW solar PPAs
Saudi Arabia is set to add 5,500 megawatts of solar energy following the signing of three deals by its principal buyer, advancing its strategy to enhance renewable sources. |
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| Kuwait Airways, Thai Airways deal to boost tourism
Kuwait Airways announced on Tuesday the signing of a codeshare agreement with Thai Airways, which will allow the code to be used for flights between Kuwait and Bangkok and from Kuwait to many destinations across Europe, starting on Wednesday. |
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| IsDB inks deal with Kazakhstan to help advance its economy
Infrastructure projects in Kazakhstan will receive support from the Islamic Development Bank after a deal was signed in Vienna. |
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| Saudi authorities raid illegal cosmetics factory in Qatif
A facility in Qatif is being prosecuted for the manufacture and marketing of cosmetics without proper licensing. It was also found to be storing regulated products at an unauthorized location. |
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| Kingdom signs deal to use Saudi technology in tree planting in Brazil
The Kingdom and Brazil have signed a partnership agreement to use smart Saudi digital technology in tree planting in the Brazilian city of Jatai, the Saudi Press Agency reported on Tuesday. |
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| PIF subsidiary SGP and SANY seal $1.87bn deal to supply electric trucks to Dammam port
An agreement worth SR7 billion ($1.87 billion) was struck between Saudi Global Ports and a Chinese company to advance green operational capacities at the Kingdom’s ports. |
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| Saudi Arabia expands access for Chinese tourists with new agreement
Chinese tourist groups will now find it easier to visit Saudi Arabia following the implementation of the Approved Destination Status arrangement, effective July 1. |
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| TVTC reveals 25k jobs created in May
Saudi Arabia’s Technical and Vocational Training Corp, in coordination with the business sector, provided 25,171 job opportunities for graduates of technical training programs during May. |
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| Paid parking in Dubai: Residents face up to Dh4,000 extra yearly costs amid new rules
An Egyptian expat living in Arjan, Dubai, is bracing for an increase of more than Dh300 in his family’s monthly expenses as Parkin Company plans to introduce public parking fees in his community at the end of July. |
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| Al Habtoor Group initiates arbitration against Marriott over management agreement termination
Business giant Al Habtoor Group has filed an arbitration case against Marriott International, the Dubai-based conglomerate confirmed to Arab News. |
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| Abu Dhabi Department of Economic Development calls on licensed economic establishments to comply with relevant controls & conditions when contracting with social media influencers
Abu Dhabi Department of Economic Development (ADDED) has called upon all licensed economic establishments in the Emirate of Abu Dhabi to comply with relevant controls and conditions when contracting with social media influencers
Abu Dhabi Department of Economic Development (ADDED) has called upon all licensed economic establishments in the Emirate of Abu Dhabi to comply with relevant controls and conditions when contracting with social media influencers |
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| Up to Dh150,000 fines: UAE announces tighter telemarketing rules
The UAE government has tightened regulations on telemarketing via phone calls, implementing new controls and mechanisms. Violators will face administrative penalties, including warnings and fines of up to Dh150,000. |
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| Dubai: Is it illegal for kids to play in the common areas of apartments?
We stay in a multi-storied apartment in Dubai, with no parks or open spaces nearby. Some children from neighbouring apartments get together to play in the common area. |
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| Saudi EXIM forges key international partnerships during Greek visit
Saudi EXIM Bank and its Swedish counterpart have signed an agreement to enhance the Kingdom’s non-oil exports and explore trade and investment opportunities. |
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| UAE and India defense firms strike wide-ranging cooperation deal
Cyber warfare, drones, and weapons research are at the center of a new deal between UAE-based defense and advanced technology firm EDGE Group and India’s Adani Defence and Aerospace. |
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| Dubai Courts announces easier process for opening inheritance files
Citizens and residents in Dubai can now open inheritance files through easy and smooth procedures following an announcement by the Dubai Courts on Thursday. |
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| Diriyah Co., UK institute team up for Saudi talent growth
The Diriyah Co. has signed a memorandum of understanding with the UK’s Royal Institution of Chartered Surveyors to enhance the training and development of Saudi talent. |
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| Kuwait and UAE civil aviation bodies sign security agreement
Kuwait’s Directorate General of Civil Aviation (DGCA) and its Emirati counterpart signed on Monday an agreement to put security personnel on civilian aircraft traveling to both countries. |
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| Divorce law: Women raise concerns
Several women complained on social media about how the law of divorce in Kuwait makes it easier for men than women to initiate it. |
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| NBK, IE University Spain ink exclusive collaboration deal
National Bank of Kuwait (NBK) signed an exclusive collaboration agreement with IE University–Spain, a globally recognized institution based in Spain and known for its innovative approach to higher education. |
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| Saudi authorities arrest 12,974 illegals in one week
Saudi authorities arrested 12,974 people in one week for breaching residency, work and border security regulations, the Saudi Press Agency reported on Saturday. |
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| SFD signs first development loan of $103 million to build hospital in Nicaragua
Sultan Abdulrahman Al-Marshad, CEO of the Saudi Fund for Development, signed the first concessional development loan agreement of $103 million with Bruno Gallardo, Nicaragua’s vice minister of finance and public credit, in Nicaragua. |
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| Mawani and Marseille Port Authority sign deal in Paris
During the first day of the second edition of Vision Golfe 2024, held in Paris at the French Ministry of Economy, Finance and Industrial and Digital Sovereignty, the Saudi Port Authority and the Marseille equivalent signed a memorandum of understanding. |
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| PIF-owned Riyadh Air, China Eastern Airlines sign deal to enhance connectivity, digitalization
Saudi Arabia’s newest carrier Riyadh Air has inked a deal with China Eastern Airlines to bolster future connectivity and enhance collaboration on digital transformation. |
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| Saudi Arabia establishes logistics zone in Djibouti to expand economic presence in Africa
Saudi Arabia has signed a deal to establish a logistics zone in the port of Djibouti, leveraging Africa’s gateway to propel the Kingdom’s products and exports, fostering economic interplay. |
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| PIF-owned Riyadh Air signs global partnerships with Singapore Airlines and Air China
Saudi Arabia’s newest airline, Riyadh Air, has signed agreements with two major carriers, Singapore Airlines and Air China, to establish strategic partnerships and expand its global network. |
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| Saudi Arabia, Brazil sign defense agreement
Saudi Arabia and Brazil signed on Monday in Riyadh a cooperation agreement in the defense field. |
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| KFAED, Pakistan ink KD 7.5 million loan funding dam deal
The Kuwait Fund for Arab Economic Development (KFAED) and Pakistan on Monday signed a KD 7.5 million ($24.4 million) loan agreement to fund the Mohmand Hydropower Dam project. |
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| Riyadh Municipality and The Helicopter Co. sign MoU to enhance air mobility
Riyadh is on track to enhance its air mobility thanks to a new agreement between the city’s municipality and The Helicopter Co. |
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| Ministry unveils link for licenses
The Minister of Social Affairs, Family Affairs, and Childhood and the Minister of State for Youth Affairs, Dr. Amthal Al-Huwailah, unveiled the Ministry’s intention to issue licenses for private nurseries electronically via an application automatically connected to the Sahel application on Thursday. |
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| ACWA Power signs deal for major green hydrogen project in Tunisia
Saudi-listed ACWA Power, the world’s largest private water desalination company and a leader in energy transition, has signed an agreement with the Tunisian government for a project that will produce up to 600,000 tons per year of green hydrogen in three phases, for export to Europe. |
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| Kuwait, China ink agreement
Kuwait’s Foreign Minister Abdullah Al-Yahya met on Friday with the China’s Foreign Minister Wang Yi in the China’s capital, Beijing. |
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| Saudi authorities arrest 16,161 illegals in one week
Saudi authorities arrested 16,161 people in one week for breaching residency, work and border security regulations, the Saudi Press Agency reported on Saturday. |
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| Saudi Shoura Council calls on GACA to establish low-cost airports around Riyadh
Saudi Arabia will soon assess the feasibility of establishing low-cost airports around Riyadh following a call from the Kingdom’s Shoura Council. |
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| Saudi Arabia and Qatar sign tax rules agreement
Saudi Arabia’s minister of finance, Mohammed Al-Jadaan, and his Qatari counterpart, Ali Al-Kuwari, signed an agreement on Thursday designed to avoid the possibility of double taxation and prevent tax evasion. |
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| Lucid, EVIQ sign MoU to set up high-speed public charging infrastructure in Saudi Arabia
Saudi Arabia is set to activate high-speed public charging infrastructure to support the adoption of electric vehicles, thanks to a new agreement. |
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| South Korea, UAE sign deal to slash import duties at leaders’ summit
South Korea and the UAE signed a trade pact on Wednesday to sharply cut import duties at a summit of their leaders that pledged closer business and investment ties. |
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| PIF’s SRC extends refinancing agreement with ANB with additional $133m
Citizens will have easier access to home loans as the Saudi Real Estate Refinance Co. extends its refinancing agreement with Arab National Bank (ANB), adding SR500 million ($133 million). |
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| Saudi Arabia and Austria sign MoU for economic cooperation
Saudi Arabia’s economy ministry and its Austrian counterpart signed a memorandum of understanding to boost economic cooperation between the two nations. |