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Saudi Arabia: Mining Firms Face Up To 10,000 Riyals In Fines For Failing To Hire Qualified CitizensMinistry of Industry and Mineral Resources has announced new penalties for mining companies that fail to employ qualified Saudi personnel.…
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Equinox Hotels To Open Triam Resort In NEOM’s Magna DestinationsEquinox Hotels, a leader in high-performance luxury hospitality, has announced the upcoming launch of the Equinox Triam Resort, set to…
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Kuwait To Revise Domestic Labour Rules To Enhance Worker ProtectionKuwait is revising its rules for the recruitment of overseas domestic labour to introduce “necessary amendments” aimed at maximising protection…
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Saudisation Engineering Jobs To Take Effect From TodayA ministerial decision to Saudise engineering jobs will go into effect today as part of the Saudi government’s efforts to…
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The price of Bitcoin popped past $67,000 Friday, rising 5.7% to its highest price in over a month. At the same time,…
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Bahrain Embraces ‘Open Banking’ Service RequirementsStarting 1 September, all licensed financial and banking institutions must adhere to “open banking” regulations, as announced by the Central…
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Bahrain: Court Orders Man To Repay Loan To Friend After Failing To Meet Payment DeadlineA local court has ruled in favour of a plaintiff who filed a lawsuit against a friend for failing to…
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Bahrain: Ban On Real Estate Adverts Without Prior ApprovalUnder new regulations issued by the Real Estate Regulatory Authority (RERA) advertising real estate plans without prior approval from relevant…
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UAE Considering Building A Second Nuclear Power PlantThe United Arab Emirates is considering building a second nuclear power plant to meet surging electricity demand, a government official…
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UAE: After Oman, Will Other GCC Countries Introduce Personal Income Tax?Oman is expected to roll out personal income tax, making it the first country in the GCC to do so,…
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Saudi Arabia’s Annual Inflation Rate Rises To 1.5%: GASTATSaudi Arabia’s annual inflation rate reached 1.5 percent in June compared to the same month last year, driven primarily by rising…
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Citizen Sentenced To Five Years In Prison For Issuing Fraudulent Checks Worth SR12 MillionThe Public Prosecution, represented by the Financial Fraud Prosecution, has initiated investigation procedures against a citizen accused of violating the…
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Emirates Announces $1BN Order For 5 New Boeing 777 Cargo PlanesEmirates SkyCargo has announced the order for an additional five Boeing 777 freighters, with delivery between 2025 and 2026. The $1bn…
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Banks are often among the biggest companies in the world. In this graphic, Visual Capitalist’s Marcus Lu lists the top…
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Saudi Arabia Raises Retirement Age To 65 As Part Of Vision 2030Saudi Arabia has increased the retirement age to 65 for workers in both the public and private sectors up from…
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Thailand Plans To Open Investment Office In RiyadhThailand’s Board of Investment (BOI) is set to open its inaugural Middle East office in Riyadh, marking a significant step…
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Bahrain’s Industrial Sector Booms: Number Of Factories Rises By 38 In A YearBahrain’s industrial sector is experiencing a surge in growth, with the number of factories increasing by 38 in just one…
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Son Of Asia’s Richest Man Weds In Year’s Most Extravagant CeremonyMukesh Ambani’s youngest son married his longtime girlfriend early Saturday in what many called the wedding of the year, attended…
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Kuwait Expects Its Oil GDP To Rise 4 Per Cent In 2025Kuwait’s oil gross domestic product (GDP) is projected to increase by 0.9 per cent quarter-on-quarter (QoQ) in the fourth quarter…
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Will Debt Sink The American Empire?“Will Debt Sink the American Empire?” So asks the Wall Street Journal, in an uncharacteristically gloomy article for the bull market’s…
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