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SAUDI ARABIA EMARATES BAHRAIN KUWAIT OMAN QATAR

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Press Dossier

By Date

19/02/2023

	Revealed: How much is UAE residents’ disposable income and where do they spend it? With the UAE not levying income tax, residents of the country enjoy a higher disposable income, personal finance advisors have said. Disposable income is usually categorised as money that has been left over after paying fees, expenses and spending on necessities like housing, food, fuel, and school fees.
	Dubai: Does Rera rent calculator apply to new tenancy contracts? Question: I have found an apartment that I like in Dubai. However, its rent is higher than other similar properties in the area. Can I challenge this? Does the RERA calculator apply to new Ejari contracts?
	Why we need sustainable housing solutions for a better tomorrow Along with food and clothing, shelter is one of the most immediate basic human needs. Amidst planetary challenges such as climate change, biodiversity loss and pollution, the world today also faces a double whammy of population growth – projected to reach 8.6 billion in 2030 and 9.8 billion by 2050 – and surging demand for housing and commercial properties.
	Saudi Arabia’s venture capital funding nears $1 billion mark Driven by Saudi Arabia’s unprecedented growth in its startup ecosystem, the Kingdom’s venture capital funding increased by 72 percent last year compared to 2021 with investments reaching $987 million across 144 deals, according to MAGNiTT.
	DEWA CEO discusses bilateral cooperation with a high-level delegation from Emerson Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA), received a high-level delegation from Emerson, a global leader in technology, software, and engineering, headed by Lal Karsanbhai, President and CEO, Emerson.
	Dubai records AED10.4 bn in weeklong real estate transactions A total of 2,702. real estate transactions worth AED10.4 were conductd during the week ending 17 February 2023.
	United Arab Bank reports financial results for 2022 United Arab Bank PJSC (UAB) has released its financial results for the year ending 31st December 2022, reporting a net profit of AED155 million. This represents a 120 percent increase from the AED70 million net profit recorded in 2021, driven by improved operating performance and lower expected credit losses, alongside disciplined cost control.
	UAE-India trade: Lulu Group, Ficci ink MoU to accelerate exports UAE-based retail giant Lulu Group International and the Federation of Indian Chambers of Commerce and Industry (Ficci) signed a memorandum of understanding (MoU) to further accelerate exports from India to UAE.

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SAUDI LAWS

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