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Press Dossier   By Date  31/01/2023
UAE residency visas: 7 changes you need to know
Ever since the UAE’s largest entry and residency visa reforms went into force in October 2022, several changes have come into effect. These reforms have streamlined procedures, expanded the long-term Golden Visa scheme; and introduced a new five-year residency called Green Visas.
Dubai: Sustainable aviation fuel reduces carbon emissions by 80%
Sustainable aviation fuel (SAF) reduces greenhouse gas emissions by up to 80 per cent compared to fossil fuel, according to industry officials.
Mashreq’s 2022 net profit climbs to Dh3.7 billion as customer deposits rise
Mashreq, a leading Dubai-based lender, on Monday reported a remarkable jump in 2022 net profit to Dh3.7 billion as operating profit surged 39. per cent to Dh4.4 billion year-on-year.
UAE set to announce retail fuel prices for February
The UAE is expected to announce retail fuel prices for the month of February tomorrow.
Saudi Arabia’s real GDP grows by 5.4% in Q4 2022: GASTAT
Saudi Arabia's real gross domestic product grew by 5.4 percent in the fourth quarter of 2022, compared to the same period in 2021, driven by a high increase in non-oil activities, according to the latest report released by the General Authority for Statistics.
Saudi banks’ profits up 21% in December, central bank data shows
Deposits in Saudi banks grew by 9 percent year-on-year to SR2.29 trillion ($609.97 billion) with the major chunk deposited by government agencies, the monthly bulletin issued by the Saudi Central Bank, also known as SAMA, showed.
IMF lowers Saudi Arabia’s economic growth to 2.6% for 2023
The International Monetary Fund has lowered Saudi Arabia’s economic growth forecast to 2.6 percent for 2023, 1.1 percentage points lower than its October estimate of 3.7 percent, its latest report showed.
Saudi Aramco signs agreements worth $7.2bn at iktva Forum
Saudi Arabian Oil Co. signed deals valued at around $7.2 billion at the seventh edition of the In-Kingdom Total Value Add Forum in Dhahran on Monday.
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