Saudi Arabia is taking significant strides in its digital transformation journey by uniting its top artificial intelligence assets. A recent agreement between the Public Investment Fund (PIF) and Aramco aims to enhance the capabilities of HUMAIN, PIF’s AI company, through a minority stake acquisition by Aramco. This collaboration is poised to accelerate the Kingdom’s ambition…
Saudi Arabia is taking significant steps to enhance worker protections and modernize its labor market. The introduction of a dual-platform system for employment contracts marks a pivotal change in how labor agreements are authenticated and enforced, aligning with the nation’s Vision 2030 initiative aimed at improving transparency and accountability in the workplace. New Authentication Requirement…
Dubai is taking significant steps to enhance its appeal as a global investment hub. In a recent collaboration, the Jebel Ali Free Zone Authority (Jafza) and the Dubai International Financial Centre (DIFC) have established a framework that facilitates dual-zone operations for businesses. This initiative aims to streamline processes for companies operating in trade, industry, and…
Recent evaluations have placed Dubai and Abu Dhabi among the world’s most resilient urban centers, reflecting the UAE’s commitment to sustainable development and robust infrastructure. The Global Cities Resilience Index (GCRI), launched by Kearney and the Future Investment Initiative (FII) Institute, highlights the strengths of these cities in adapting to future challenges. Rankings and Highlights…
Red Sea Global (RSG), the developer behind the ambitious AMAALA project, has successfully secured SAR 6.5 billion (approximately $1.73 billion) in financing to propel the next phase of its development. This funding, provided by a consortium of Saudi banks led by Riyad Bank, marks a significant step in advancing sustainable tourism in the region. Details…
Abu Dhabi has taken significant steps to enhance its regulatory framework by implementing new rules that dramatically increase fines for regulatory breaches. The Abu Dhabi Global Market (ADGM) Registration Authority has introduced these changes to bolster transparency and accountability within its financial ecosystem. New Administrative Regulations 2025 The recently enacted Administrative Regulations 2025 replace the…
The UAE has taken a significant step towards sustainable development with the launch of its first Green Innovation District at Expo City Dubai. This initiative aims to integrate the nation’s economic and environmental objectives, fostering a framework for sustainable growth and innovation. A Hub for Clean Technology The Green Innovation District is a collaborative effort…
The Philippine peso has recently experienced significant depreciation, reaching an intraday low of ₱59.20 against the US dollar. This decline has raised concerns about the country’s economic outlook, particularly in light of ongoing issues related to infrastructure spending and market volatility. Current Economic Context The peso’s drop to ₱59.20 marks a new all-time low, reflecting…
Emirates Stallions Group has showcased impressive financial performance for the first nine months of 2025, reflecting its strategic focus on diversification and innovation. The company achieved a 19% increase in revenue, reaching Dh1.07 billion, alongside a notable rise in operating profit. Financial Highlights The Group’s operating profit before tax surged by 38% to Dh208.8 million,…
Ghitha Holding has announced a notable increase in its revenue for the first nine months of 2025, reflecting strong operational performance and strategic initiatives. The company’s financial results highlight a robust growth trajectory, driven by acquisitions and enhanced operational efficiencies. Financial Performance Overview For the first three quarters of 2025, Ghitha Holding’s revenue rose by…