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Saudi foreign, culture ministers sign memorandum of understanding to boost cooperation
Saudi Foreign Minister Prince Faisal bin Farhan, and Minister of Culture Prince Badr bin Abdullah bin Farhan signed a memorandum of understanding on Monday to help boost collaboration between their ministries within the cultural sector and aid coordination across various fields, the Saudi Press Agency reported.
Dubai: Will customers pay more after 20% new tax on foreign banks?
Analysts hold differing opinions when assessing the impact of the recent announcement of a 20 per cent tax on foreign banks' income in Dubai.
Saudi authorities arrest 19,746 illegals in one week
Saudi authorities arrested 19,746 people in one week for breaching residency, work and border security regulations, the Saudi Press Agency reported on Saturday.
UAE: Can drug addicts get treated without being arrested? Rehab centres, laws explained
Know someone struggling with drug addiction? Laws set in the UAE, along with rehab facilities ensure that individuals struggling with narcotics get the help they need.
3-month amnesty for visa violators
The interior ministry on Thursday announced a three-month amnesty for residency violators, allowing expats living illegally in the country to legalize their stay after paying fines or to leave Kuwait without paying any fines.
MoI may amend rules for family, visit visas by June
The Ministry of Interior is thinking of reviewing and introducing some amendments to the rules for granting family, commercial and tourist visas to the expats and the amendments will be announced by June this year, sources familiar with the matter said.
UAE: Can residents travel abroad if Emirates ID renewal is still under process?
I have completed my residence visa renewal but Emirates ID renewal is under process. Will I be able to travel abroad?
UAE: Can employees get paid for overtime hours in Ramadan?
Can I earn overtime by working more than the normal Ramadan working hours in a mainland company? How does that work?
Hungary strikes deal with Dubai to develop $5.5bn neighborhood in Budapest
A neglected neighborhood in Budapest is set to be rejuvenated courtesy of a €5 billion ($5.5 billion) deal with Dubai, according to Bloomberg.
Saudi tech sector to see $100m investment windfall thanks to Gulf Capital deal with innovation authority
Saudi Arabia’s technology sector is set to benefit from $100 million of investment thanks to an agreement between private equity firm Gulf Capital and the Kingdom’s Research Development and Innovation Authority.
17 candidates apply on 9th day of parliament election nominations
A total of 17 candidates submitted on Tuesday their applications for nomination to the Ministry of Interior's Elections Affairs Department on the ninth day of the nomination period for the 2024 National Assembly elections, scheduled for April 4th.
Saudi Arabia, Bahrain discuss joint cooperation in social housing and urban planning
Saudi Arabia and Bahrain are exploring partnership opportunities in the social housing and urban planning sectors following a high-level meeting.
UAE: Up to Dh500,000 fine for illegally raising donations
The UAE has regulated charity fundraising in the country and has specified fines ranging from Dh200,000 to Dh500,000 for those illegally raising donations.
Ministries ink deal to integrate economics into Saudi school curriculum
Economics is set to be added to the Saudi school curriculum, thanks to an agreement by two ministries designed to align education with workforce needs.
Saudi authorities arrest 23,040 illegals in one week
Saudi authorities arrested 23,040 people in one week for breaching residency, work and border security regulations, the Saudi Press Agency reported on Saturday.
Dubai: What can tenant do when landlord doesn't respond to serious requests?
I have rented a one-room apartment in Dubai. Due to a leakage in my water heater recently, the apartment was in a mess. I have requested maintenance, but the landlord has not responded. I am afraid that the heater will explode. In such situations, what do I do?
Brazil’s LIDE, UAE International Investors Council sign MoU
The LIDE business group, leading a Brazilian private sector delegation, has signed a memorandum of understanding with the UAE International Investors Council to combine efforts to boost investments in both countries.
CEPAs help UAE firms expand globally, says Al Saleh
Businesses in the UAE stand to benefit from tariff-free or low-tariff access to international markets of two billion people, representing 10 per cent of the world's GDP, following the ratification of Comprehensive Economic Partnership Agreements (CEPAs) with key trading partners.
UAE's new digital law to cover all forms of payments, transactions
The UAE’s latest law covers all forms of online payment and digital transactions within and outside the country and also provides more protections to the consumers, said David Yates, partner and head of digital and data, Al Tamimi & Company.
Saudi Arabia’s National Development Fund signs partnership agreement with World Economic Forum
Saudi Arabia’s National Development Fund entered into a partnership agreement with the World Economic Forum on Thursday, the Saudi Press Agency reported.
Dubai ruler issues law imposing 20% annual tax on foreign banks operating in emirate
The ruler of Dubai Sheikh Mohammed bin Rashid Al-Maktoum issued a law imposing an annual tax of 20 percent on foreign banks operating in the emirate on Thursday.
Saudi Arabia, Kazakhstan approve executive program in fields of renewable energy and innovation
The energy ministers of Saudi Arabia and Kazakhstan approved an executive cooperation program in Astana on Thursday, the Kingdom’s energy ministry announced.
Riyad Capital, Al-Ramz launch $186m real estate fund to develop new project
The Saudi capital will soon be home to new offices and commercial projects thanks to the launch of the Durrat King Khalid Fund, inaugurated by Riyad Capital.
NHC signs deals to revolutionize Saudi real estate sector with innovative technologies
Saudi Arabia’s National Housing Co. signed two agreements at LEAP 2024, aiming to support real estate activities in the Kingdom by crafting unique business intelligence solutions.
Saudi PIF, Bahrain Mumtalakat ink cooperation, investment deal
Private sectors of Saudi Arabia and Bahrain are poised to flourish after the two countries’ sovereign wealth funds sealed a cooperation and investment agreement.
ITFC signs deals worth $715m to support private sector, banks in Uzbekistan
The International Islamic Trade Finance Corp. signed several agreements with Uzbekistan worth $715 million at the Arab Coordination Group meeting that concluded in Tashkent on Tuesday.
LEAP24 to witness $11.9bn tech investment deals, says minister
Saudi Arabia’s international technology conference LEAP is set to witness $11.9 billion of investment deals over its three-day duration — eclipsing last year’s figure of $9 billion, according to a senior minister.
NHC signs deals to revolutionize Saudi real estate sector with innovative technologies
Saudi Arabia’s National Housing Co. signed two agreements at LEAP 2024, aiming to support real estate activities in the Kingdom by crafting unique business intelligence solutions.
MODON and General Electric seal deal to operate $346m technology center in Dammam
Dammam’s General Electric Manufacturing Technology Center will soon begin operations thanks to a new agreement signed by the Saudi Authority for Industrial Cities and Technology Zones.
Hilton to operate 3 new resorts in UNESCO World Heritage Site Al-Ahsa
Saudi Arabia’s UNESCO World Heritage site, Al-Ahsa, is set to provide an enhanced hospitality experience as Hilton introduces three new resorts, establishing a farm-focused tourism hub.
Zain, Samsung sign strategic MoU
Zain announced it has signed a memorandum of understanding with global partner Samsung at the Mobile World Congress (MWC 2024) in Barcelona, Spain.
Up to Dh500,000 fine in UAE for misleading residents with false advertisements
A stern warning has been issued against misleading consumers through false advertisements and promotions in the UAE. Offenders violating the law could face imprisonment and fines of up to Dh500,000 under Article 48 of Federal Decree-Law No. 34 of 2021 on Combatting Rumours and Cybercrimes.
Kingdom arrests 14,955 illegals in one week
Saudi authorities arrested 14,955 people in one week for breaching residency, work and border security regulations, the Saudi Press Agency reported on Saturday.
CITRA, Huawei MoU ‘will boost’ Kuwait’s digital economy
The Chairperson of Kuwait Communication and Information Technology Regulatory (CITRA) has affirmed the significance of a memorandum of understanding (MoU) CITRA has recently inked with Huawei.
Saudi academy signs deal with Thai university to promote language cooperation
The King Salman Global Academy for the Arabic Language signed a memorandum of understanding in Riyadh with Prince of Songkla University, Thailand, “to enhance mutual cooperation in dissemination of the Arabic language.”
UAE: What rights do jobseeker have when a signed offer letter is withdrawn
After working for five years with his current employer, an opportunity came up for my brother. He received an offer for a new role within the company, with a substantial salary increase.
UAE: Can an employee take personal loan against gratuity amount?
Can I get a personal loan against my gratuity amount? If yes, how does it work? For instance, how would debt recovery work in this case?
UAE adopts 15 laws, 62 regulatory decisions in finance sector in 2023
The UAE adopted of 15 federal laws, 62 regulatory decisions, and nine major national projects in the finance sector in 2023.
Ministry of Economy and Planning signs MoU with Saudi National Institute of Health
Saudi Arabia’s Ministry of Economy and Planning signed a Memorandum of Understanding with the Saudi National Institute of Health, the ministry announced on Thursday.
Egypt signs 7 green hydrogen deals worth a potential $40bn
Over $40 billion of green hydrogen and renewable energy investments could be on the way to Egypt’s Suez Canal Economic Zone after a host of new agreements.
Tourism Development Fund signs MoU with Dan Company for Saudi Arabia agritourism projects
The Tourism Development Fund has signed a memorandum of understanding with Dan Company, a subsidiary of Saudi Arabia’s sovereign wealth fund Public Investment Fund, to support investments in the Kingdom’s agritourism sector.
Saudi Cabinet approves new railway law
Saudi Arabia’s Cabinet approved on Tuesday new regulations that govern the railways in the Kingdom.
Deal signed to document heritage of Saudi nature reserve
The Imam Turki bin Abdullah Royal Nature Reserve Development Authority signed a memorandum of understanding with the King Abdulaziz Foundation for Research and Archives to document the heritage of the reserve, the Saudi Press Agency reported on Tuesday.
Kuwait to hold polls April 4
The Cabinet decided on Tuesday to hold snap parliamentary elections on April 4, which coincides with the last 10 days of the holy fasting month of Ramadan, government spokesman Amer Al-Ajmi said.
UAE, Peru announce free trade talks
The UAE and Peru have announced that they will start talks for a free trade agreement later this year.
Malaysia to seal free trade deal with UAE by June, minister says
Malaysia expects to conclude a free trade agreement with the UAE by the end of June, the country’s trade minister said, adding the deal could boost investment in Malaysia by the Gulf state’s sovereign wealth funds.
Aramco signs procurement agreements worth $6bn to enhance local supply chain
Saudi Aramco’s domestic supply chain is poised for further improvement as it signed procurement agreements worth $6 billion with suppliers in the Kingdom.
UAE: How many domestic helpers can Golden Visa holder sponsor
Question: I am a Golden Visa holder in Dubai and have a couple of domestic workers. Recent amendments stated that long-term residency holders can sponsor unlimited domestic workers. What does this mean? Please explain.
Dubai: What residents can do when neighbours violate privacy, create nuisance
My neighbour has built a cricket net practice area in his backyard, very close to the shared boundary wall. He has built a professional cricket pitch, installed net and flood lights, and uses a heavy roller and ball machine.
Kingdom arrests 19,431 illegals in one week
Saudi authorities arrested 19,431 people in one week for breaching residency, work and border security regulations, the Saudi Press Agency reported on Saturday.
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