Press Dossier   By Date  10/04/2021
Startups’ engines rev up for pivotal 2021
The year 2021 will prove to be an exceptional one for regional startups as the sector matures and begins to reap the gains from business-friendly policies launched in the first quarter.
Summit discusses latest regulations and best practices in GCC pharmaceuticals sector
Government authorities in the Gulf region and leading healthcare solutions providers recently came together at the sixth GCC Regulatory Affairs Pharma Summit to discuss regulations and best practices relating to drug registration and approvals in the region.
Aramco agrees $12.4 billion pipeline deal with EIG
Aramco has agreed a $12.4 billion leaseback deal with a consortium led by EIG Global Energy Partners in one of the biggest energy infrastructure transactions.
Dubai’s Emaar more than doubles sales in Q1 2021
Dubai’s Emaar Properties posted a 140 percent increase in first-quarter sales to 6 billion dirhams ($1.6 billion), founder Mohamed Alabbar told Al Arabiya on Thursday.
Saudi MoF completes $57.8bn payment orders in first quarter of 2021
The Ministry of Finance (MoF) finalized the disbursement procedures for all payment orders received from the public and private sector with a total value of SR217 billion ($57.8 billion) in the first quarter of 2021, according to a ministerial tweet.
Retailer welcomes new rules on Saudization for malls
Saudi conglomerate Fawaz Abdulaziz Alhokair Co. (Alhokair), one of the Kingdom’s largest retailers, has welcomed a new move by the government to fully Saudize the Kingdom’s shopping malls, creating more jobs in the sector for Saudi workers.
UAE central bank extends $13.6bn support measure until end of 2021
UAE Central Bank extended until the end of this year a 50 billion dirhams ($13.6 billion) support facility for banks and financial companies, state news agency WAM reported.
Twenty-three MPs demand removal of assembly speaker
As many as 23 opposition lawmakers yesterday submitted an unprecedented motion demanding the dismissal of assembly speaker Marzouq Al-Ghanem for breaching the constitution and the internal charter.
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