Author: Arabian Media staff
Image credit: Getty Images Saudi Arabia has officially launched a value-added tax (VAT) refund program for tourists and Gulf Cooperation Council (GCC) nationals, allowing eligible visitors to reclaim 15 per cent VAT on qualifying purchases. The initiative is part of broader efforts to boost the country’s appeal as a global tourism and shopping destination. According to the Saudi Gazette, the refund scheme is available through 1,442 authorised retail outlets across Saudi and applies to non-resident tourists aged 18 and above. To qualify, total purchases must exceed SAR500, and goods must be unused, for personal use only, and exported within 90…
Initiatives such as the Golden Visa and the 10-year investor visa have bolstered buyer confidence by offering long-term security The post Investors are rushing to Dubai: Here’s why you shouldn’t wait appeared first on Gulf Business. Source link
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Image credit: Getty Images A 2.0 magnitude earthquake was recorded in Khor Fakkan at 20:35 (UAE time) on Tuesday, August 5, 2025, according to the National Seismic Network of the National Centre of Meteorology (NCM). As far as the weather conditions in the country is concerned, as the UAE steps deeper into August, the National Center of Meteorology (NCM) has released its five-day weather forecast, offering a glimpse into the atmospheric shifts expected from Wednesday, August 6 to Sunday, August 10, 2025, a WAM report said. Read-UAE’s summer nears its end: Relief from extreme heat soon The country remains under…
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Abu Dhabi’s International Holding Company (IHC) reported a 31.1 per cent rise in revenue for H1 2025, reaching Dhs54.7bn, with net profit climbing to Dhs10.8bn, driven by strong portfolio performance, disciplined investments, and a standout second quarter. The second quarter was among the group’s strongest, with revenue up 22.5 per cent year-on-year to Dhs27.5bn and net profit rising 55.3 per cent to Dhs6.7bn. “Our H1 2025 results reflect the continued strength of IHC’s diversified model and the disciplined execution of our strategic investment agenda,” said Syed Basar Shueb, CEO of IHC. “By delivering outstanding portfolio performance and enhancing operating leverage,…
Milad Monshipour, the founder and CEO of AIR/Image: Supplied Milad Monshipour, the founder and CEO of AIR (AI Realtor), is no stranger to disrupting established sectors. After leading mobility app TAPSI to a historic IPO, he has now set his sights on real estate. With AIR, he is introducing an AI-native brokerage model, designed not just to digitalise, but to fundamentally restructure how property transactions work in one of the world’s most dynamic real estate markets: Dubai. “Unlike surface-level system integrations that merely layer AI-based features onto traditional systems, AIR is AI-native,” says Monshipour. “It has been designed from the…
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