Press Dossier   By Date  20/01/2022
New UAE law: Carrying sharp tools a criminal offence from 2022
Under the UAE’s new penal law, carrying knives, blades, hammers or any sharp tools is a crime unless required in certain professions.
Mortgage transactions reach all-time high of Dh127 billion in 2021
The mortgage market in Dubai experienced a record-breaking year in 2021 as the total number of mortgage transactions registered with the Dubai Land Department reached 19,520, exceeding the previous high recorded back in 2017 by 26 per cent.
Up to Dh10,000 fine: New Dubai resolution issued on vehicle rentals
Dubai issued a new resolution relating to vehicle transportation, obligations of the facilities, violations and administrative penalties and grievances.
Saudi Arabia signs deal with Sanofi on diabetes research
The Saudi Health Council has signed a memorandum of understanding with French healthcare company Sanofi to collaborate on research and development initiatives in the field of diabetes in the Kingdom.
KSrelief, IOM sign $20m Yemen aid deals
The King Salman Humanitarian Aid and Relief Center signed two agreements with the International Organization for Migration on Yemen.
South Korea, GCC expect free trade deal within 6 months as negotiations resume
South Korea and the Gulf Cooperation Council agreed on Wednesday to resume free trade, with an agreement expected to be reached within six months from the date of the first round of negotiations.
Residential land prices drive Saudi real estate inflation to almost 2-year high
A hike in residential land prices prompted real estate prices in Saudi Arabia to rise by an annual rate of 0.9 percent in the final quarter of 2021, according to data by Gastat.
TRSDC closes financing for $3.76bn loan from four Saudi banks
Saudi Arabia's The Red Sea Development Co., or TRSDC, announced the financial closure of a SR14.12 billion ($3.76 billion) loan with four Saudi banks.
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