| Al Habtoor Group initiates arbitration against Marriott over management agreement termination
Business giant Al Habtoor Group has filed an arbitration case against Marriott International, the Dubai-based conglomerate confirmed to Arab News. |
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| Saudi EXIM forges key international partnerships during Greek visit
Saudi EXIM Bank and its Swedish counterpart have signed an agreement to enhance the Kingdom’s non-oil exports and explore trade and investment opportunities. |
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| Dubai: Is it illegal for kids to play in the common areas of apartments?
We stay in a multi-storied apartment in Dubai, with no parks or open spaces nearby. Some children from neighbouring apartments get together to play in the common area. |
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| Up to Dh150,000 fines: UAE announces tighter telemarketing rules
The UAE government has tightened regulations on telemarketing via phone calls, implementing new controls and mechanisms. Violators will face administrative penalties, including warnings and fines of up to Dh150,000. |
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| Diriyah Co., UK institute team up for Saudi talent growth
The Diriyah Co. has signed a memorandum of understanding with the UK’s Royal Institution of Chartered Surveyors to enhance the training and development of Saudi talent. |
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| UAE and India defense firms strike wide-ranging cooperation deal
Cyber warfare, drones, and weapons research are at the center of a new deal between UAE-based defense and advanced technology firm EDGE Group and India’s Adani Defence and Aerospace. |
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| Dubai Courts announces easier process for opening inheritance files
Citizens and residents in Dubai can now open inheritance files through easy and smooth procedures following an announcement by the Dubai Courts on Thursday. |
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| Kuwait and UAE civil aviation bodies sign security agreement
Kuwait’s Directorate General of Civil Aviation (DGCA) and its Emirati counterpart signed on Monday an agreement to put security personnel on civilian aircraft traveling to both countries. |
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| Divorce law: Women raise concerns
Several women complained on social media about how the law of divorce in Kuwait makes it easier for men than women to initiate it. |
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| NBK, IE University Spain ink exclusive collaboration deal
National Bank of Kuwait (NBK) signed an exclusive collaboration agreement with IE University–Spain, a globally recognized institution based in Spain and known for its innovative approach to higher education. |
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| Saudi authorities arrest 12,974 illegals in one week
Saudi authorities arrested 12,974 people in one week for breaching residency, work and border security regulations, the Saudi Press Agency reported on Saturday. |
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| SFD signs first development loan of $103 million to build hospital in Nicaragua
Sultan Abdulrahman Al-Marshad, CEO of the Saudi Fund for Development, signed the first concessional development loan agreement of $103 million with Bruno Gallardo, Nicaragua’s vice minister of finance and public credit, in Nicaragua. |
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| PIF-owned Riyadh Air, China Eastern Airlines sign deal to enhance connectivity, digitalization
Saudi Arabia’s newest carrier Riyadh Air has inked a deal with China Eastern Airlines to bolster future connectivity and enhance collaboration on digital transformation. |
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| Mawani and Marseille Port Authority sign deal in Paris
During the first day of the second edition of Vision Golfe 2024, held in Paris at the French Ministry of Economy, Finance and Industrial and Digital Sovereignty, the Saudi Port Authority and the Marseille equivalent signed a memorandum of understanding. |
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| Saudi Arabia establishes logistics zone in Djibouti to expand economic presence in Africa
Saudi Arabia has signed a deal to establish a logistics zone in the port of Djibouti, leveraging Africa’s gateway to propel the Kingdom’s products and exports, fostering economic interplay. |
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| PIF-owned Riyadh Air signs global partnerships with Singapore Airlines and Air China
Saudi Arabia’s newest airline, Riyadh Air, has signed agreements with two major carriers, Singapore Airlines and Air China, to establish strategic partnerships and expand its global network. |
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| KFAED, Pakistan ink KD 7.5 million loan funding dam deal
The Kuwait Fund for Arab Economic Development (KFAED) and Pakistan on Monday signed a KD 7.5 million ($24.4 million) loan agreement to fund the Mohmand Hydropower Dam project. |
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| Saudi Arabia, Brazil sign defense agreement
Saudi Arabia and Brazil signed on Monday in Riyadh a cooperation agreement in the defense field. |
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| Riyadh Municipality and The Helicopter Co. sign MoU to enhance air mobility
Riyadh is on track to enhance its air mobility thanks to a new agreement between the city’s municipality and The Helicopter Co. |
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| Ministry unveils link for licenses
The Minister of Social Affairs, Family Affairs, and Childhood and the Minister of State for Youth Affairs, Dr. Amthal Al-Huwailah, unveiled the Ministry’s intention to issue licenses for private nurseries electronically via an application automatically connected to the Sahel application on Thursday. |
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| Kuwait, China ink agreement
Kuwait’s Foreign Minister Abdullah Al-Yahya met on Friday with the China’s Foreign Minister Wang Yi in the China’s capital, Beijing. |
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| Saudi authorities arrest 16,161 illegals in one week
Saudi authorities arrested 16,161 people in one week for breaching residency, work and border security regulations, the Saudi Press Agency reported on Saturday. |
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| ACWA Power signs deal for major green hydrogen project in Tunisia
Saudi-listed ACWA Power, the world’s largest private water desalination company and a leader in energy transition, has signed an agreement with the Tunisian government for a project that will produce up to 600,000 tons per year of green hydrogen in three phases, for export to Europe. |
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| Saudi Shoura Council calls on GACA to establish low-cost airports around Riyadh
Saudi Arabia will soon assess the feasibility of establishing low-cost airports around Riyadh following a call from the Kingdom’s Shoura Council. |
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| Saudi Arabia and Qatar sign tax rules agreement
Saudi Arabia’s minister of finance, Mohammed Al-Jadaan, and his Qatari counterpart, Ali Al-Kuwari, signed an agreement on Thursday designed to avoid the possibility of double taxation and prevent tax evasion. |
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| South Korea, UAE sign deal to slash import duties at leaders’ summit
South Korea and the UAE signed a trade pact on Wednesday to sharply cut import duties at a summit of their leaders that pledged closer business and investment ties. |
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| Lucid, EVIQ sign MoU to set up high-speed public charging infrastructure in Saudi Arabia
Saudi Arabia is set to activate high-speed public charging infrastructure to support the adoption of electric vehicles, thanks to a new agreement. |
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| Saudi Arabia and Austria sign MoU for economic cooperation
Saudi Arabia’s economy ministry and its Austrian counterpart signed a memorandum of understanding to boost economic cooperation between the two nations. |
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| Saudi healthcare to advance with major digital tech partnership
The Saudi healthcare system is set to advance as two of the country’s major companies partner to leverage digital technologies to enhance the Kingdom’s capabilities. |
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| PIF’s Halal Products Development Co. invests in Singapore-based cosmetics firm
In a bid to localize the Kingdom’s cosmetics and personal care industry, the Halal Products Development Co. announced an investment in a Singapore-based fast-moving consumer goods conglomerate. |
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| PIF’s SRC extends refinancing agreement with ANB with additional $133m
Citizens will have easier access to home loans as the Saudi Real Estate Refinance Co. extends its refinancing agreement with Arab National Bank (ANB), adding SR500 million ($133 million). |
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| Japan company Uhuru signs smart-city business pact in Saudi Arabia
Tokyo-based Uhuru Corp. has signed an agreement with Web Arabia, a technology company operating in Riyadh, to promote smart city-related business in the Kingdom. |
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| Yanbu Royal Commission teams up with Skytower Investments for industrial projects development
Saudi Arabia’s Yanbu governorate is poised to see the development of several industrial projects following an agreement between its Royal Commission and Skytower Investments Ltd. |
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| Saudi’s ACWA Power signs several MoUs with Japanese companies
Saudi Arabia’s ACWA Power signed memorandums of understanding with several Japanese companies on the sidelines of the Saudi-Japan Vision 2030 Business Forum that took place on May 21. |
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| King Saud University signs academic agreement with University of Tokyo
King Saud University and the University of Tokyo have signed a memorandum of understanding to strengthen academic collaboration in physics, chemistry and Earth sciences. |
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| Saudi authorities arrest 17,030 illegals in one week
Saudi authorities arrested 17,030 people in one week for breaching residency, work and border security regulations, the Saudi Press Agency reported on Saturday. |
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| KSrelief chief and WHO’s Tedros meet in Geneva, sign agreements worth $20m
The chief of the King Salman Humanitarian Aid and Relief Center (KSrelief) Dr. Abdullah bin Abdulaziz Al-Rabeeah met with Director General of the World Health Organization (WHO) Dr. Tedros Adhanom Ghebreyesus on Saturday in Geneva. |
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| MoI: ‘Unprecedented’ crackdown on residency violators after amnesty
Interior ministry officials have warned that the ministry will launch an “unprecedented” campaign against residency violators when an ongoing three-month amnesty expires on June 17. |
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| Saudi Monsha’at and Social Development Bank ink deal to boost SME financing
Saudi small and medium enterprises are set to receive a finance boost thanks to a new deal signed by the Kingdom’s Social Development Bank. |
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| Saudi aviation sector surges with over $20bn in deals at Riyadh forum
Saudi Arabia’s aviation sector received a major boost with over 100 agreements, exceeding SR75 billion ($20 billion), signed during the first two days of the Future Aviation Forum. |
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| Riyadh Air and Saudia agree new joint training programs
Saudi Arabia’s two national airlines will work together to train pilots, aircraft crews and other aviation employees thanks to a new deal. |
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| Saudi Arabia and Australia sign deal to boost trade ties
Trade ties between Saudi Arabia and Australia are set to strengthen after the two countries signed an agreement to improve cooperation across multiple sectors. |
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| Saudi Power Procurement Co. signs two power purchase agreements with Japan’s Marubeni
The Saudi Power Procurement Co. signed two power purchase agreements with a consortium led by Japan’s Marubeni Corporation on Tuesday in Tokyo. |
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| Saudi-Chinese financial ties to strengthen as top officials meet in Beijing
Saudi and Chinese top officials are holding joint meetings in Beijing focused on fostering international economic growth. |
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| KSrelief to install water desalination plant at Mogadishu hospital
Saudi Arabia’s aid organization KSrelief on Monday signed an agreement to install a water desalination plant at the kidney dialysis center of Banadir Hospital in Mogadishu. |
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| Ministry, Bait Al-Othman Heritage Museum sign cooperation protocol
The Kuwait Ministry of Information on Sunday signed a cooperation protocol with the Bait Al-Othman Museum to promote Kuwaiti heritage and nationalism. |
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| UAE: Can employers ban employees from joining rival firms, force them to leave country?
I work in a mainland IT company in Dubai. I am switching the job because of a better package and joining the current employer’s competitor. My existing employer came to know that I would be joining his competitor. Now he is playing delaying tactics by not accepting the resignation letter. I fear he will delay my due also. If I file a case against him, can he put a ban and I won’t be able to switch the job and have to leave the country? |
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| Deal signed to advance Saudi cultural preservation, scientific research
The King Fahd National Library and King Abdulaziz Complex for Endowment Libraries signed a deal covering scientific programs, studies, research and cultural exchange on Sunday. |
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| The Arab Energy Fund and Dussur sign $200m MoU to boost greenfield energy projects
Greenfield energy projects are set to receive a boost, as The Arab Energy Fund has signed a $200 million funding agreement with the Saudi Arabian Industrial Investments Co. |
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| Saudi fund signs two loan agreements, inaugurates Hulhumale Island development in Maldives
CEO of the Saudi Fund for Development Sultan bin Abdulrahman Al-Marshad signed on Friday two development loan agreements with the Maldives’ Minister of Finance Dr. Mohammed Shafiq. |