UAE to allow 100% foreign ownership of businesses

The government of the United Arab Emirates announced by decree today that foreign investors can fully own local companies without the need for an Emirati sponsor. Sheikh Khalifa bin Zayed Al Nahyan, president of the UAE, issued the decree, which replaces the Commercial Companies Law No. 2, passed in 2015 Under current UAE law, foreign … More UAE to allow 100% foreign ownership of businesses

GCC healthcare sector to ramp up investments to spur growth

Service providers are likely to upgrade existing infrastructure to better prepare for any potential outbreaks in the future, Alpen Capital said in a report The GCC Healthcare industry is expected to witness a boost in investments to meet the growing demand owing to the pandemic. Additionally, a post pandemic expected economic recovery coupled with favorable … More GCC healthcare sector to ramp up investments to spur growth

Omanis celebrate National Day today. How is Oman nowadays?

Muscat: As Oman celebrates its 50th National Day today, the jubilant mood is tangibly lessening the sombre atmosphere created by COVID-19. A cross section of residents and citizens took time to reflect on the strides made by Oman so far and look at the challenges that lie ahead for the country. Kiran Asher, Group Managing … More Omanis celebrate National Day today. How is Oman nowadays?

Half of Saudi consumers shop online at least every week

Saudi spending habits have been revealed in research showing half of the Kingdom’s consumers shop online at least every week. Some 24 percent of those surveyed shop online two to three times a week while 11 percent shop daily, according to research from Podean. Online shopping has boomed this year as pandemic-related lockdowns have closed … More Half of Saudi consumers shop online at least every week

90-day Sheikh Zayed Heritage Festival set to begin

The Higher Organising Committee of the Sheikh Zayed Heritage Festival 2020 has announced  that the festival’s activities will begin on November 20 in Al Wathbah, Abu Dhabi.  The committee said the 90-day festival will be held under the slogan, “UAE: The Crossroad of Civilisations,” and feature 3,500 international cultural events, and host 17,000 participants and … More 90-day Sheikh Zayed Heritage Festival set to begin

Bahrain’s Prime Minister Khalifa bin Salman Al Khalifa Dies

Bahrain’s Prime Minister Khalifa bin Salman Al Khalifa passed away on Wednesday, according to Bahraini official’s announcement on Twitter. The Bahrain News Agency said that Sheikh Khalifa passed away on Wednesday morning at the Mayo Clinic in the United States. The statement added that the burial ceremony will take place upon its return to the … More Bahrain’s Prime Minister Khalifa bin Salman Al Khalifa Dies

Reforms to personal status law will increase expats’ confidence in UAE

Personal affairs matters to be dealt with under home-citizenship laws The reforms are the latest in a series of changes designed to make the UAE more competitive in a post-Covid world. Recently announced amendments to the UAE’s family and personal laws will make expats feel more at home in the country. The changes cover divorce, … More Reforms to personal status law will increase expats’ confidence in UAE

Saudi DGDA starts work on ‘world’s first digital arts oasis’

Saudi-based Diriyah Gate Development Authority (DGDA) has started work on the Ad Diriyah Art Oasis, the world’s first centre for digital arts located next to Al Bujairi Heritage District in Al Diriyah near capital Riyadh. It is due for completion by 2022.  The joint partnership between the DGDA and the Saudi Ministry of Culture will … More Saudi DGDA starts work on ‘world’s first digital arts oasis’

How coronavirus may hit trade growth between Ireland and the UAE

Senior Enterprise Ireland official says growth for Irish companies is also being witnessed across Kuwait, Bahrain and Oman Ireland will be looking for single digit growth from 2020 in terms of exports to the UAE. Ireland will be looking for single digit growth from 2020 in terms of exports to the UAE, according to Conor … More How coronavirus may hit trade growth between Ireland and the UAE

Saudi Arabia’s non-oil private sector economy expands to highest level in eight months

The kingdom’s Purchasing Managers’ Index climbed to 51 in October, boosted by a rise in output Saudi Arabia’s non-oil private sector economy expanded for a second straight month in October, its highest reading in eight months, boosted by a rise in output as the kingdom continues to recover from the pandemic-induced slowdown. The seasonally adjusted IHS … More Saudi Arabia’s non-oil private sector economy expands to highest level in eight months