Press Dossier   By Date  01/09/2020
Dubai sees rapid surge in supply of flexible office space
With the demand for flexible space gaining momentum globally as corporates adopt a hybrid working model, Dubai has been seeing a rapid increase in the total supply of adaptable office space, according to global property consultant JLL.
New private steel plant in Dubai granted 100% ownership
A new steel plant coming up in Dubai has been granted 100 per cent ownership under the recently-introduced UAE foreign direct investment law which allows full ownership to businesses in mainland.
UAE makes it mandatory for hawala service providers to register
The UAE has made it mandatory for Hawala service providers in the country to register, as the country strengthens its anti-money laundering and counter terrorist financing (AML/CFT) framework, the Central Bank said in a statement on Monday.
Saudi royal decree removes Commander of the Joint Forces from position
Saudi Arabia's King Salman issued a royal decree on Monday terminating the service of the Commander of the Joint Forces.
BinDawood confidence shows in Tadawul IPO plans
In a vote of confidence in the economy of Saudi Arabia and its capital markets, BinDawood Holding, one of the Kingdom’s leading retailers, is to list its shares on Tadawul in an initial public offering (IPO).
Budget deficit projected at KD 14 billion
The National Assembly budgets committee yesterday approved the state budget after introducing changes due to lower oil prices and also approved budgets of independent public agencies.
Oman expected to extend ban on scheduled flights
The ban on scheduled flights from Oman is expected to continue for some time, with announcement still awaited, local media reported.
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