Press Dossier   By Date  23/08/2021
Visitor on trial for trafficking 4.5kg of drugs in a banana box
Dubai Public Prosecution referred a 20-year-old African to the criminal court on charges of trafficking 4.5 kilogrammes of drug substances in a banana box.
Saudi SMEs get 3-year exemption from commerce fees
Startup costs for commerce fees register decreased by 96 percent for companies and from 33 percent to 75 percent for enterprises for the first five years.
Saudi Arabia invites foreign, local firms to invest in 74 military projects
Saudi Arabia’s General Authority for Military Industries (GAMI) is inviting local and international companies to benefit from a number of military projects as well as launching a digital platform for investors to access local military industry.
Saudi healthtech startup Clinicy eyes local expansion after latest investment round
Saudi health technology startup Clinicy has closed a seven-figure pre-series A investment round led by private equity firm Mad’a Investment Company, it announced on Sunday.
Saudi investment company Kingdom Holding returns to profit
The Kingdom Holding Company in the Q2 of 2021 switched to profitability, compared with losses of more than a billion riyals on an annual basis.
Dubai Industrial City, Emirates Development Bank sign deal to boost SMEs financing
Dubai Industrial City, a member of Dubai Holding Asset Management, has signed a deal with Emirates Development Bank (EDB) to provide financing and banking solutions to small and medium-sized enterprises and support the growth of national industries such as advanced manufacturing and logistics, both parties said in a statement.
Muslim World League, Tony Blair Institute for Global Change sign deal to empower 100,000 young people
The Muslim World League and the Tony Blair Institute for Global Change have launched a new partnership to bring together their common vision to serve the future generation of youth.
Deal signed to empower Saudi Arabia’s Diriyah community
The Diriyah Gate Development Authority has signed a memorandum of understanding with the Social Development Bank to achieve social development and community services for the people of Diriyah, as well as promote cooperation in charity work.
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