Saudi Arabia’s Jamjoom Pharmaceuticals Factory Company has announced its intention to proceed with its scheduled initial public offering (IPO) on the Saudi Exchange. It is preparing to list on the main market of the Saudi Exchange by offering 21 million of its existing shares, which represents approximately 30% of its total issued share capital. Jamjoom’s …
Three corporate tax ministerial decisions are set to come into force from June 01, 2023 with a view to make the presently existing tax regime flexible and provide a conducive atmosphere for businesses and investments. They are: Accounting Standards and Methods The decision clarifies that a person with an income of not more than AED …
Corporate tax exemptions introduced, into force from June 01, 2023 Read More »
The Saudi Pavilion is all set to announce its third participation at the 18th International Venice Architecture Biennale with its captivating project titled “IRTH,” which translates to “legacy” in Arabic. Architect AlBara Saimaldahar, the Founder and Creative Director of Jeddah-based design studio Dahr, will represent the Saudi Pavilion at the 18th International Venice Architecture Biennale. …
Saudi’s IRTH, creating a truly undeniable legacy in architecture Read More »
Rayyanah Barwani, a breast cancer researcher, is the first woman from Saudi to engage in a space expedition along with Ali Al-Qarni, a Saudi Arabian fighter pilot. This mission is called as SpaceX Axiom Mission 2 which took off aboard a SpaceX Falcon 9 rocket from the Kennedy Space Centre at Cape Canaveral in Florida …
Flights between Qatar and Bahrain will resume on May 25 in light of reembracing the cordial relations between the two countries. The move was made pursuant to a diplomatic telecon conducted between Bahrain’s Salman bin Hamad Al Khalifa and the Qatari emir, Sheikh Tamim ibn Hamad Al Thani in January 2023. Bahrain’s Civil Aviation Affairs …
Qatar and Bahrain air transit reopens, flights resume on May 25 Read More »
The Ministry of Interior recently introduced fresh regulations which impose penalties on individuals who gather near or enter flooded valleys or dams during inclement weather. As per the new rules, violators may face fines of up to DH 2,000, receive 23 black points on their driving record, and have their vehicles confiscated for a duration …
UAE introduces new traffic laws, ‘storm chasing’ drivers kept in check Read More »
Heartening as it gets, the Cultural Development Fund of Saudi Arabia has introduced an unprecedented fund worth $100 million for the purpose of nurturing the advancement of the domestic film and media industry at the ongoing Cannes film festival. The festival’s opening will feature “Jeanne du Barry,” a film directed by French actor-director Maïwenn, who …
The world of Arab cinema and its presence in Cannes, a star studded affair Read More »
The Foo Fighters and Tiesto headlining concerts of the Abu Dhabi Grand Prix 2023 is one of the most remarkable news of the year for not only music enthusiasts but also sportslovers. The concerts are being managed by Ethara, a recently established events company formed through the merger of long-standing promoters Flash Entertainment and Abu …
The Abu Dhabi Grand Prix, a sureshot rager with Foo fighters and Tiesto concerts Read More »
The financial service sector has witnessed regular updates of rules and regulations by the Central Bank of UAE in order to curb terror financing and money laundering. Spearheaded by the goals of Committee UAE’s Public-Private Partnership Sub Committee, the Central Bank has been issuing guidelines to be followed by banks, finance companies, exchange houses, insurance …
UAE Central Bank fortifies compliance, sanctions imposed on eight banks Read More »
