Business & Money | Monday 21 July, 2025 12:19 pm

UAE, USA sign Joint Statement of Intent to accelerate patent grant procedures

The United Arab Emirates and the United States of America signed a Joint Statement of Intent aimed at launching a bilateral cooperation programme to accelerate patent granting procedures in the UAE. This took place on the sidelines of the 66th Assemblies of the Member States of the World...

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Business & Money | Monday 21 July, 2025 12:14 pm

FTA announces AED3.2 billion in tax refunds for UAE nationals building new residences by June

The Federal Tax Authority (FTA) continues to see strong results from its digital VAT refund systems for eligible categories, maintaining high levels of accuracy and operational efficiency throughout 2025. The FTA today revealed the results of these systems for the first half of the year,...

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Business & Money | Monday 21 July, 2025 12:09 pm

Air Arabia, Nesma Group, KUN Holding consortium win bid to establish new low-cost carrier

A consortium comprising Air Arabia, Nesma Group, and KUN Holding announced that it has won the General Authority of Civil Aviation’s (GACA) competition to establish and operate a new national low-cost airline, which will be based at King Fahd International Airport in Dammam. The airline aims ...

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Business & Money | Monday 21 July, 2025 11:56 am

NWC begins 9 water and sanitation projects in Najran at over SR 551 million.

As part of its ongoing efforts to implement its strategic plans to develop infrastructure in the water and sanitation services sectors and increase the coverage of the services it provides to its customers, the National Water Company (NWC) announced that it has begun implementing nine water and...

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Business & Money | Monday 21 July, 2025 11:52 am

NHRI organises awareness workshop for domestic worker recruitment centre staff in Ajman, in cooperation with MoHRE

As part of its ongoing efforts to promote human rights awareness and reinforce a culture of protecting domestic workers’ rights, the National Human Rights Institution (NHRI) organised an awareness workshop for staff of domestic worker recruitment centres, in collaboration with the Ministry of...

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Business & Money | Monday 21 July, 2025 11:48 am

UAE Ranks First in MENA & Arab World and in Top 20 Global List for Older Adults’ Mind Health Reveals Sapien Labs’ Mental State of the World Report 2024

 In the Mental State of the World Report 2024, measured by the Mind Health Quotient (MHQ)*, the United Arab Emirates (UAE) stands out for having the best mental state for adults aged 55+ in the Middle East and North Africa (MENA) region – and one of the healthiest across the world. With an...

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Business & Money | Monday 21 July, 2025 11:38 am

solutions renews SAR 1.5B banking facility with SNB

Arabian Internet and Communications Services Co. (solutions) renewed its Shariah-compliant credit facility agreement with Saudi National Bank (SNB), valued at SAR 1.5 billion. In a statement on Tadawul, solutions added that the facility is divided into a short-term credit line worth SAR 1...

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Business & Money | Monday 21 July, 2025 11:36 am

Qatar Airways plans to expand operations in Saudi Arabia

Qatar Airways intends to expand its operations and network within the Saudi market, enhancing the travel experience to and from the Kingdom as part of its regional strategy to strengthen air connectivity. The airline views competition in the Saudi market positively and continues to improve its ...

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Business & Money | Monday 21 July, 2025 11:34 am

ACWA Power pens deals to export renewable energy, green hydrogen to Europe

ACWA Power Co. and international partners signed today, July 20, several agreements and memorandums of understanding (MoUs) to build an integrated system for exporting renewable energy and green hydrogen from Saudi Arabia to Europe. According to a statement by Saudi Arabia’s Ministry of...

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Business & Money | Monday 21 July, 2025 11:21 am

Quara Finance obtains SAR 100M credit facility from Al Rajhi Bank

Quara Finance Co. entered into a four-year, Shariah-compliant credit facility agreement worth SAR 100 million from Al Rajhi Bank. In a statement to Tadawul, the company said the facility is intended to support the expansion of its financing operations and boost sales volume in...

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