Wego, the online travel marketplace in the Middle East and North Africa (MENA) region, plans to acquire Cleartrip’s Middle East business in a deal that is expected to close in the second half of 2022. Dubai Internet City, where the two companies are located, has a history of significant partnerships aimed at geographic and product …
Wego will acquire Cleartrip’s Middle East business. Read More »
Musafir forecasts travel demand will rise in 2022, recovering to 80 percent of pre-pandemic levels. The company anticipates continued development in the tourism industry as well as corporate travel. The two sectors see a gradual rise in demand due to increased traveler confidence, vaccinations, interest in personal interaction, and the easing of entry restrictions in …
In collaboration with Rungis, AD Ports Group, and UAE-based multi-business conglomerate, Ghassan Aboud Group has established one of the region’s largest multi-category wholesale food trading and logistics centers in KIZAD. In collaboration with Rungis, the Regional Food Hub – Abu Dhabi will bring together wholesale buyers, sellers, logistics partners, consolidators, and distributors from across the …
In the UAE, the shift to a new work week has been most pronounced among young adults. There is a higher proportion of young adults aged 18-24 who claim to be affected by this change (76 percent) compared with older adults aged 35-44 (59 percent) or 45+ (49 percent). The survey was conducted online by …
The Middle East and North Africa, as a whole, have embraced the concept of digitization enthusiastically. According to one estimate, artificial intelligence investments may constitute 19 percent of the MENA retail sector’s contribution to GDP by 2030. A great deal of this AI activity is driven by the GCC countries, pushing forward with their national …
The UAE’s corporate tax regime will be among the most competitive worldwide, featuring a standard statutory tax rate of 9 percent and a tax rate of 0 percent for taxable profits up to AED375,000. The Ministry of Finance announced that the UAE will introduce a federal corporate tax on business profits that will be effective …
