The Pakistani Maritime Affairs Minister, Faisal Sabzwari, has announced that the country is close to securing a groundbreaking investment of $500 million from Gulf nations. This significant economic boost is part of an upcoming comprehensive agreement that is in its final stages of preparation. To facilitate this significant investment, an intergovernmental agreement policy will be …
The Authority for Public Services Regulation (APSR) has released Decision 15/2023, which governs the installation of electric vehicle charging units. Following is the gist of the decision: The decision mandates that the establishment and installation of private or public electric charging points are only allowed upon obtaining approval from the electricity distribution licensee. Moreover, compliance …
Bahrain witnessed a growth rate of 4.9% in its GDP in the year 2022. The non-oil GDP of the country also increased by 6.2%. The growth rate of the non-oil sector surpassed the 5% target set in the government’s economic recovery plan initiated in 2021 to address the pandemic’s impact. It stands as the highest …
Bahrain reports a GDP growth of 4.9% in 2022, highest since 2013 Read More »
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 »
