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The virtual platform “MeetsMeta” will launch the first virtual city in the UAE to simulate reality through Non-Fungible Tokens (NFTs) and offer users a virtual experience, Mubasher reports. “The UAE provides an ideal environment for launching MeetsMeta in the region. Read more
Qatar has taken delivery of 130 electric buses representing the last batch of 741 units ordered by the Gulf state for the World Cup 2022 and beyond, Doha News reported. The vehicles arrived this week at Hamad Port. Qatar, host Read more
Dubai-listed logistics and courier giant Aramex has announced it will raise the company’s foreign ownership limit from 49 percent to 100 percent as it embarks on the next stage of its growth and expansion strategy, Zawya reports. The decision came Read more
Kuwait has removed the requirement for PCR test or proof of vaccination before entering the country for visitors, state news agency KUNA has revealed. The Gulf country has eased COVID-19 restrictions. As part of the measures, the Arab country also Read more
Dubai-based Shipa Freight, the digital freight forwarding arm of Kuwait’s logistics and warehouse provider Agility, is merging with Barcelona’s online freight platform, iContainers, Zawya reports. Per the merger deal, Shipa Freight and iContainers will combine technology platforms and operations, which Read more
World Travel & Tourism Council (WTTC) Global Summit, the world’s most influential travel and tourism announced Saturday, the kingdom of Saudi Arabia will host its 22nd Global Summit on November 29 this year, Trade Arabia reports. The announcement was made Read more
Riyadh-headquartered B2B ecommerce marketplace Retailo has announced the acquisition of Dubai-based online marketplace DXBUY for an undisclosed investment, after the company raised $36 million for its Series A round in February this year. The platform in a statement said the Read more
Egypt is planning to go after the Latin America and Asia tourism markets, the Arab republic’s Deputy Tourism Minister has told Bloomberg in an interview, Arab Finance reports. Ghada Shalaby told US media that the plan comes as an attempt Read more
King Hamad bin Isa Al Khalifa of Bahrain has ratified and promulgated a law on the Future Generations Reserve Fund, following its approval by the Shura and Representatives Councils, Trade Arabia reports, citing state-run news agency. Per the new funds Read more
The Capital Market Authority (CMA) of Saudi Arabia has validated that capital increase by $4 billion of the country’s largest company Aramco through the issuance of bonus shares, Zawya reports. The CMA, media reports, has issued its resolution approving Saudi Read more