Saudi Arabia has introduced new rules demanding USB Type-C charging for mobile phones and electronic devices
Latest News
Bitget
Bitget crypto exchange announces burn of 800m BGB Tokens
Bitget to reduce BGB token supply by 40 per cent
food
Saudi foodtech Calo raises $25m in Series B round led by Nuwa Capital
Saudi Arabia’s Calo disclosed plans to extend the round to a total of $50m, with an additional $25m raise planned for Q1 2025
businesswomen
Tally Solutions celebrates UAE women entrepreneurs with ‘All for Her’ initiative
It also announced a complimentary three-month subscription to its advanced business management software, TallyPrime, for women entrepreneurs in the UAE
cement
Saudi’s City Cement to buy Umm Al Qura stake through capital hike
Post-capital hike, the shareholders of Saudi Arabia’s Umm Al Qura Cement will own 30.4% of its capital
Jabal Omar Development
Saudi-based Jabal Omar announces sale of key Makkah plot for $359m
The deal comes just days after Saudi developer completed the sale of a similar plot within its Makkah development
Airports
Dubai Duty Free records record $2.2bn sales in 2024
Dubai Duty Free set new record with $225m sales in December
fireworks
Ras Al Khaimah rings in 2025 with record-breaking New Year’s Eve drones, fireworks display
Dubbed “Our Story in the Sky”, the show celebrated Ras Al Khaimah’s natural and cultural heritage
ADX
UAE stock markets post robust market cap growth in 2024
UAE stock market growth driven by a robust economy, foreign investments, and IPOs in 2024
Dubai housing market to see price rise moderation in 2025; 5-10% price rise projected
Dubai’s property market is expected to witness supply constraints in some key areas, though developers are ramping up construction efforts to meet the rising demand
Dubai
Dubai’s top five residential areas revealed: Report
Several area topped the list including Palm Jumeirah, Jumeirah Village Circle (JVC) and Jumeirah Beach Residence (JBR)
Emirates Astronomical Society
Emirates Astronomical Society unveils 16 major lunar events for 2025
Key events include the conjunction of the Moon with Venus and Saturn on January 3, followed by the occultation of Saturn by the Moon on January 4, both visible after sunset
Kuwait
Kuwait’s new 15% tax on MNEs to strengthen national economy, minister says
Kuwait’s economy is approaching a new phase of diversification and competitiveness, Fassam said
Global population growth
World population hits 8.156 billion in 2024
The population of the Earth is set to peak at 10.3bn in the 2080s
Aviation
GCAA launches region’s first digital platform for ‘CORSIA’ implementation
The newly launched platform is designed to simplify the calculation of offset and reduction values for carbon units used by national carriers
Dubai
GFH Partners acquires Dubai-based logistics fund Manrre REIT
The DIFC-headquartered company plans to bring its international experience to build on Manrre’s $136 million in GCC countries
Aramex
Aramex cuts customs processing time by 50% with Dubai customs initiative
Initiative helps streamline operations and accelerate supply chain efficiency; Enables goods inspection directly at Aramex warehouses