Dubai's May PMI reached a nearly three-year high thanks to travel and tourism growth
Dubai's Purchasing Managers' Index rose to 55.7 in May from 54.7 in the previous month, as travel and tourism showed the sharpest growth, according to S&P Global.
Dubai business park operator TECOM to offer 12.5% of shares in IPO
TECOM Group, part of Dubai Holding, plans to list its ordinary shares on the Dubai Financial Market on July 5 in an initial public offering.
Saudi Arabia proposes subsidizing airlines to develop tourism
Saudi Arabia has proposed subsidizing airlines that operate loss-making routes connecting it with major world cities in order to increase the number of tourists arriving in the Kingdom.
Saudi Arabia welcomes IAEA resolution on Iran
Saudi Arabia on Wednesday welcomed a resolution by the International Atomic Energy Agency's Board of Governors that emphasized Iran's commitment to its safeguards agreement and its cooperation with the agency to resolve all outstanding nuclear issues, the Foreign Ministry said in a statement.
Saudi Arabia launches maturity index for 12 digital platforms
Saudi Arabia launched the Digital Experience Maturity Index for 12 government services to improve people's experience and increase their satisfaction.
Saudi Arabia's new COVID-19 cases exceeded 1,000 for the first time since February
The number of new COVID-19 cases recorded in Saudi Arabia exceeded the 1,000 mark on Wednesday, with 1,029 cases registered.
Oil falls due to lockdown in China, but remains near three-month highs
Oil prices fell on Thursday but still fluctuated near a three-month high after some areas of Shanghai introduced new COVID-19 lockdown measures, although stronger-than-expected Chinese exports in May raised the demand forecast, Reuters reports.
Offices in Riyadh are nearly 100% full
Offices in Riyadh reached 96 percent occupancy, hitting the highest level in five years, as foreign business licenses surged in the Saudi capital.
Al-Zamazemah company presented its operational plan for the Hajj season
Al-Zamazameh company outlined its operational plan for this year's Hajj season, including discontinuing the distribution of 20-liter bottles of Zamzam water to pilgrims and replacing them with 330 ml bottles.
Saudi fans of the American sitcom «Friends» flock to see an exact replica of the Central Perk cafe.
Fans of the American sitcom «Friends» are flocking to the newly opened Central Perk cafe in Jeddah, modeled after the television hangout of the show's main characters.