Author: Arabian Media staff
Swiss stocks were down on Monday as investors returned from a holiday to face fallout from a 39% tariff on imports from the U.S. Source link
Image credit: Getty Images The Saudi Ministry of Tourism has launched a new digital service enabling hospitality facility operators in Makkah and Madinah to apply for increased bed capacity ahead of the 1447 AH Hajj season. Read-Hajj 2025: Here’s how many pilgrims visited Saudi Arabia The initiative, available through the Tourism Activities Licenses Portal (https://mt.gov.sa), aims to support licensed hospitality providers in meeting the expected surge in demand. It is part of the ministry’s broader efforts to enhance digital services, streamline procedures, and ensure the sector is fully prepared to serve pilgrims, a Saudi Press Agency report said. According to…
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Ithmaar Holding, a Bahrain-based investment company listed on the Dubai Financial Market, has reported accumulated losses of $827.07m for Q2 2025, exceeding its paid-up capital by 109%, according to its latest disclosure submitted on August 3. The update, filed in compliance with the UAE Securities and Commodities Authority’s (SCA) disclosure requirements, underscores the long-standing financial challenges faced by the company, with losses dating back to 2016. The accumulation of losses has been attributed primarily to impairment provisions from non-core investments following the global financial crisis, with further provisions recorded in 2018 due to the early adoption of FAS30—the AAOIFI equivalent…
Image credit: WAM In a major step to bolster the country’s anti-narcotics efforts, UAE President Sheikh Mohamed bin Zayed Al Nahyan has issued a federal decree-law establishing the National Anti-Narcotics Authority (NANA). The new independent body, reporting directly to the UAE Cabinet, replaces the General Department of Anti-Narcotics at the Ministry of Interior, a WAM report conveyed. Read-Dubai Customs intercepts 147kg of narcotics, psychotropics in major smuggling bust Sheikh Zayed bin Hamad bin Hamdan Al Nahyan has been appointed as the Chairman of the newly formed Authority. The move aims to unify and strengthen federal and local efforts in combating…
The University of Sharjah (UOS) has signed a strategic Memorandum of Understanding (MoU) with Binance Academy, the educational arm of Binance, the world’s largest blockchain ecosystem and cryptocurrency infrastructure provider. The agreement sets the stage for long-term collaboration in blockchain research, education, talent development, and innovation. The MoU was signed by Prof. Maamar Bettayeb, vice chancellor for Research and Graduate Studies at UOS, and Rachel Conlan, Chief Marketing Officer at Binance. Both institutions share a vision of equipping students and researchers with the expertise and exposure needed to lead in the evolving blockchain and Web3 landscape. As part of the…
Image credit: WAM/Website The Ministry of Health and Prevention (MoHAP) announced a 50 per cent reduction in key services as part of Phase II of the UAE government’s “Zero Government Bureaucracy” programme, aiming to simplify operations, boost efficiency, and enhance quality of life. Read-Everything you need to know about the UAE’s basic health insurance plan The initiative, launched to eliminate unnecessary complexity across federal services, seeks to create a more agile and responsive government through streamlined, digitised procedures. MoHAP’s efforts have so far focused on licensing and accreditation services for healthcare professionals and facilities, reducing the total number of these…
Image: Supplied As the newly rebranded Everllence (previously MAN Energy Solutions) is strategically positioning its carbon capture technologies to assist nations in the region with their ambitious energy transition journeys. With its comprehensive carbon capture and hydrogen production know-how, Everllence is set to play a pivotal role in the decarbonisation of hard-to-abate industries like cement and oil and gas, supporting key national sustainability visions such as Saudi Vision 2030 and UAE Net Zero 2050. In this interview, Gaby Hanna, SVP and MD at Everllence MEA, shares the company’s focus on integrating proven technologies into existing operations to optimise efficiency and…
Image: Gulf Business Awards Gulf Business has announced an extension of the nomination deadline for the Gulf Business Awards 2025, giving companies and individuals across the region more time to enter. The new deadline is now set for Thursday, August 7, 2025. Now in its 13th year, the Gulf Business Awards is the region’s premier platform for recognising business excellence, innovation, and leadership. The 2025 edition will take place on September 24 in Dubai, bringing together top decision-makers, executives, and entrepreneurs for an evening of high-profile recognition and networking. The awards span key sectors including banking, real estate, healthcare, technology,…
Image credit: Getty Images As Saudi Arabia’s workforce evolves, the definition of what keeps talent engaged and loyal is undergoing a major shift. While competitive salaries still matter, they are no longer the sole determinant of retention. Today’s professionals are placing increasing value on benefits that support a more holistic, human-centered employee experience. Read-Workplace policy: Saudi updates key employment regulations According to Vijay Gandhi, Regional Director at Korn Ferry, the most effective benefits today go beyond paychecks. They include: Flexible work arrangements that allow employees to manage personal responsibilities and maintain work–life balance Career development and upskilling opportunities that help…