Author: Arabian Media staff

Saudi skyline/Image: Getty Images The Saudi General Authority of Foreign Trade (GAFT) has launched an anti-dumping investigation into imports of ductile iron pipes originating from or exported by India. The probe covers cast iron pipes and hollow tubes with diameters ranging from 100mm to 1,000mm, specifically of the K9 and C40 classes. This action is in line with Article 4.1 of the Law of Trade Remedies in International Trade, issued on November 23, 2022. According to the article, “the authority is responsible for trade remedies including conducting investigations, reviews, and the imposition of measures in accordance with the Kingdom’s international…

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Raki Phillips (CEO of RAKTDA) is taking on a new leadership position at Accor. One of the UAE’s most prominent tourism figures, Raki Phillips, is set to leave his role as CEO of Ras Al Khaimah Tourism Development Authority (RAKTDA) and take on a major new leadership position at hospitality giant Accor. From November 2025, Phillips will become regional president for Accor’s Premium, Midscale & Economy (PME) division across the Middle East, Africa and Türkiye. He succeeds Paul Stevens, whose tenure with Accor spans nearly three decades. Phillips brings over 20 years of experience in global hospitality and destination development.…

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Image: Getty Images Total banking sector assets in the UAE, including bankers’ acceptances, rose by 0.6 per cent month-on-month to exceed Dhs4.749tn at the end of April 2025, up from approximately Dhs4.719tn in March, according to the Central Bank of the UAE (CBUAE). Total bank credit rose by 0.9 per cent to surpass Dhs2.259tn, compared to Dhs2.240tn a month earlier. The rise was driven by an increase of Dhs12.3bn in domestic credit and Dhs7.1bn in foreign credit. Domestic credit expanded due to a 0.7 per cent increase in lending to the government sector, 1.2 per cent to the public sector…

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Image: Getty Images Dubai authorities have launched a pilot system that ties traffic fine settlements to residency visa services, requiring residents to clear outstanding fines before they can renew, cancel, or transfer their visas. The new initiative, led by the General Directorate of Residency and Foreigners Affairs (GDRFA) in Dubai, is designed to encourage compliance with traffic laws while streamlining administrative procedures. According to Khaleej Times, the system electronically links visa-related transactions with the Dubai Police Traffic Fines System. “The goal is not to restrict people,” said Lieutenant General Mohammed Ahmed Al Marri, Director General of the GDRFA. “It’s about…

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