Author: Arabian Media staff

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Image: Getty Images/ For illustrative purposes The Ministry of Tourism has significantly raised fines for operating hospitality facilities without a valid license. Under the updated regulations that took effect Wednesday, October 22, the penalty for operating without a valid license has been increased to SAR250,000 in major cities and key tourism destinations, up from SAR50,000 previously. The move underscores the ministry’s commitment to ensuring regulatory compliance and protecting the kingdom’s tourism reputation. Read-Labour law overhaul: Saudi introduces penalties for violators in new sectors The new fines apply to first-tier cities such as Makkah, Madinah, Riyadh, Jeddah, and Alkhobar, as well…

Image: Getty Images Shares of Capricorn Energy CNE.L jumped nearly 16 per cent on Friday after the oil and gas producer received $50m from Egypt’s state-owned petroleum corporation under a concession agreement. In May, Capricorn and Egyptian General Petroleum Corporation (EGPC) agreed to merge eight concessions in Egypt into a single deal under a joint venture with Cheiron Oil and Gas, boosting investments and production in the company’s core region. Capricorn’s accelerating cash collections from Egypt come as international oil firms operating in the country face lengthy delays in payments, with improved flows signalling the government’s efforts to clear arrears to energy companies.…

The UAE manufacturing sector, which currently accounts for 15 per cent of GDP, will be the key driver of the nation’s next phase of economic growth, said Mohamed Alabbar, Founder of Emaar Properties and Noon.com, and Chairman of Eagle Hills. Speaking at the eighth Sharjah Investment Forum–World Investment Conference (SIF–WIC 2025), Alabbar urged the next generation of entrepreneurs to turn their attention to industry. The discussion, titled “Vision, Venture, Value: Shaping the Region Through Leadership,” was moderated by entrepreneur Kris Fade and held in the presence of Sheikha Bodour bint Sultan Al Qasimi, Chairperson of the Sharjah Investment and Development…

Image: Supplied Mantra Properties’ latest ultra-luxury project, Jacob & Co Residences, developed in partnership with the world-renowned watch and jewellery brand Jacob & Co, has achieved a record-breaking milestone — generating over Dhs300m in sales within just 12 hours of launch. The achievement marks a historic first for Al Marjan Island, establishing it as the fastest-selling project ever launched on the island. Valued at Dhs400m, the branded residence witnessed exceptional demand from investors and high-net-worth individuals, reflecting the UAE’s continued leadership in the branded real estate sector. More than 80 per cent of buyers were expatriate residents and international investors,…

Image credit: Getty Images The UAE Media Council has announced an extension of the eligibility period for social media content creators and advertisers to obtain ‘Advertiser Permits’ until January 31, 2026, reinforcing the country’s drive to strengthen and regulate the advertising sector. The initiative, first introduced in July 2025, has already seen remarkable uptake. By September 2025, the council had issued more than 1,800 permits to individuals and companies from 75 countries, signaling a strong global interest in the UAE’s structured approach to advertising content creation, the entity’s media report said. Read more-From Samsung to startups: Why UAE brands are…

Image: du Emirates Integrated Telecommunications Company (du) reported a 14.6 per cent increase in net income and an 8 per cent rise in revenues for the first nine months of 2025, driven by continued operational discipline, strong commercial performance, and sustained growth across its mobile, fixed, and ICT segments. Revenue for the period reached Dhs 11.62bn, up from Dhs10.76bn a year earlier, while net profit rose to Dhs2.18 bn from Dhs1.90bn. EBITDA grew 12.5 per cent year-on-year to Dhs5.5bn, with a margin of 47.3 per cent, an improvement of 1.9 percentage points compared to the same period in 2024. For…

Image: Getty Images Sobha Realty continues to enhance the luxury real estate experience through its ongoing digital transformation, seamlessly integrating technology across every stage of the customer journey. Expanding beyond its existing debit and credit card payment options, the company has introduced a new Domestic Wire Transfer (Net Banking) feature on its flagship ONE Sobha App, further improving transaction convenience while reinforcing its reputation for innovation and customer-centric design. The new feature enables clients to complete property transactions with greater transparency, security, and ease. It marks another step in Sobha Realty’s strategy to simplify and modernise the property-buying process —…