Government | Friday 6 June, 2025 12:09 am

Crown Prince arrives in Mina to check on Hajj facilities

Crown Prince Mohammed bin Salman, on behalf of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, arrived today, June 5, in Mina to ensure that pilgrims are receiving the services that enable them to perform their rituals with ease. The 1446 AH Hajj season commenced on...

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Government | Friday 6 June, 2025 12:08 am

King Salman extends income tax on downstream operations until 2030-end

Saudi Arabia’s King Salman bin Abdulaziz issued a royal decree amending the first two clauses of royal decree No. M/13, as reported in the Official Gazette.   Application of the tax rate stipulated in Article 7/B of the Income Tax Law on companies involved in downstream operations, ...

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Business & Money | Wednesday 4 June, 2025 1:01 pm

Armenia Stock Exchange joins 'Tabadul' platform

Abu Dhabi Securities Exchange (ADX) announced that the Armenia Stock Exchange (AMX) has officially gone live on the Tabadul platform, becoming the sixth market to join the region’s first-of-its-kind mutual market access platform. Tabadul was launched by ADX in July 2022 as the region's first ...

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Business & Money | Wednesday 4 June, 2025 12:59 pm

UAE maintains IAEA’s Broader conclusion for 3rd consecutive year; showcases commitment to peaceful nuclear energy

For the third consecutive year, the United Arab Emirates has received the International Atomic Energy Agency's (IAEA) "Broader Conclusion" in the IAEA's 2024 Safeguards Implementation Report, the highest level of assurance granted by the Agency. This recognition affirms that all declared...

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Business & Money | Wednesday 4 June, 2025 12:57 pm

Etihad celebrates first flights to Prague, Warsaw

Etihad Airways is celebrating the launch of flights to two new destinations in Central Europe – Prague and Warsaw. On Monday 2nd June, the UAE’s national airline operated its inaugural flight to the enchanting Czech capital Prague, one of 16 new destinations the airline will add this year. ...

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Business & Money | Wednesday 4 June, 2025 12:56 pm

EDGE signs record-breaking AED9 billion naval contract with Kuwait Ministry of Defence

EDGE, one of the world’s leading advanced technology and defence groups, has announced the signing of a major AED9 billion (US$2.45 billion) defence contract with the Kuwait Ministry of Defence for the supply of FALAJ3 62-metre missile boats. This contract marks the largest naval...

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Business & Money | Wednesday 4 June, 2025 12:52 pm

Kuwait Real Estate, IFA sign AED198 million agreement to develop Al Tay Hills Project

Kuwait Real Estate Company, in collaboration with its subsidiary IFA Hotels and Resorts, has signed a contract with Darwish Engineering, one of the UAE’s leading construction firms, to execute infrastructure works for the Al Tay Hills residential project in Sharjah, with a total value of AED198...

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Business & Money | Wednesday 4 June, 2025 12:25 pm

SNB completes SAR 1.73B sukuk issue

Saudi National Bank (SNB) announced completing the issuance of SAR-denominated additional Tier 1 sukuk worth SAR 1.73 billion. The sukuk issue was settled on June 3, the lender said in a statement to Tadawul. Sukuk Issue DetailsOffer TypeSAR-denominated additional Tier 1 sukukOffer...

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Business & Money | Wednesday 4 June, 2025 12:22 pm

ACWA Power announces preliminary prospectus for SAR 7.1Brights issue

ACWA Power announced today, June 4, the publication of its preliminary prospectus for a capital increase through a rights issue valued at SAR 7.125 billion. The company stated that the number of new shares, the offer price, and the total capital increase will be determined after market close...

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Business & Money | Wednesday 4 June, 2025 12:20 pm

Azure Unveils Lamara: Riyadh’s New Luxury Living Landmark

 Azure, a Mohammed Al Habib company, officially launches its landmark Lamara project in Riyadh today, setting the stage for an ambitious new chapter in premium community development. Held in strategic collaboration between Mohammed Al Habib Real Estate, and SAB Invest, the occasion brings...

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