BYD is making waves in Japan’s kei car market with the introduction of the Racco, its first all-electric microcar tailored specifically for Japanese consumers. This new model aims to combine affordability with modern electric vehicle technology, offering a compelling option for urban drivers. Design and Features The Racco maintains the traditional kei car aesthetic with…
Tenants in Dubai are experiencing a welcome shift in the rental market, with some neighborhoods becoming more affordable. As demand stabilizes and new supply enters the market, renters can now find better options without the fear of rising costs. Rental Market Overview According to Bayut’s Dubai Property Market Report for Q3 2025, rental prices for…
In recent years, Philippine Airlines (PAL) has undergone a remarkable transformation, emerging from the brink of collapse to a position of financial strength. After declaring bankruptcy in September 2021, the airline has successfully navigated its restructuring process, allowing it to expand its operations and invest in new aircraft. This article explores the factors behind PAL’s…
Multiply Group has announced a remarkable profit increase of 162% for the third quarter, reaching Dh1.95 billion. This surge is primarily attributed to Dh2.7 billion gained from the sale of PAL Cooling. The company is now setting its sights on major acquisitions to further enhance its market position. Financial Highlights The substantial profit growth reflects…
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…