Business from Sunday, July 20th, 2025

  • Air Arabia to launch low-cost Saudi airline

    The Saudi General Authority of Civil Aviation announced Sunday that a consortium made up of Air Arabia, Kun Investment Holding, and Nesma has secured the bid to operate a new low-cost national airline based at King Fahd International Airport in Dammam.

  • FTA announces AED 3.2B in tax refunds for UAE homebuilders

    The Federal Tax Authority (FTA) continues to see strong results from its digital VAT refund systems for eligible categories, maintaining high levels of accuracy and operational efficiency throughout 2025.