Companies are advised to contact the authority if they have not yet received the notification in question, in order to avoid being penalised The Ministry of Economy has issued an important notice for all Designated Non-Financial Businesses and Professions (DNFBP). In a post on social media, the authority warns that the ‘Money Laundering and Terrorist…
RIYADH: Saudi Arabia’s capital city is set to witness a surge in hotels due to an increase in big-ticket sporting and entertainment events to be hosted in the metropolis, including the flagship Riyadh Expo 2030, said a hospitality industry expert. Speaking at the Future Hospitality Summit in Riyadh, Turab Saleem, Knight Frank’s head of hospitality,…
Muscat: More than 130 usufruct agreements were signed during the year 2022 ,Vice-President of the Public Authority for Special Economic Zones and Free Zones, said. His Excellency Eng. Ahmed bin Hassan Al-Dheeb, Vice President of the Public Authority for Special Economic Zones and Free Zones, indicates that OMR 300 million have been allocated for projects in…
Revenues also grew significantly to reach Dh12.8 billion Alpha Dhabi reported a strong set of first quarter financial results with net profit up 161 per cent year-on-year to Dh7.3 billion (Q1 2022: Dh2.8 billion), which includes a fair value gain as a result of the derecognition of Pure Health Holding LLC. Revenues also grew significantly…
Ahmedabad: The Adani Group is developing an integrated data centre and technology business park in Visakhapatnam to boost local technology ecosystem in the region. The investments will be on top of the Rs 20,000 crore already invested in the state, which created more than 18,000 direct and 54,000 indirect jobs, according to a statement from the…
New Delhi: Ministry of Civil Aviation Senior Economic Advisor Piyush Srivastava on Wednesday said the level of passengers’ travel has now surpassed the pre-Covid levels. During a media interaction at an event in New Delhi, the senior economic advisor of the ministry said, “It goes to show that the aviation industry and the Indian economy are…
Singapore: India is fast emerging as a key global aviation market, according to the latest market analysis report of the International Air Transport Association ( ATA). India’s domestic air travel has continued to grow robustly and as of February, it was a mere 2.2 per cent shy of reaching pre-pandemic levels measured by passenger revenue kilometres…
Middle Eastern carrier Emirates is to complement its Canadian service to Toronto with a new route to the city of Montreal from July. It will operate daily from Dubai, using 354-seat Boeing 777-300ERs configured in three classes – including eight first- and 42 business-class seats. The airline says Canada and the United Arab Emirates are…
RIYADH: Driven by the giving-back mindset, the spike in e-commerce during the holy month of Ramadan presents abundant potential for the entrepreneurship environment in Saudi Arabia. Saudi citizens were expected to spend more in Ramadan 2023 than they did in last year’s holy month, with online purchases at the forefront, despite the global price hikes and…
Kuala Lumpur, Malaysia and Taipei, Taiwan – A United States government agency grounded its drone fleet over concerns China could use the unmanned aircraft for spying despite internal warnings that a ban would in fact increase security risks, documents obtained by Al Jazeera reveal. The US Department of Interior (DOI) also disregarded warnings the ban could…
