Author: gizamail.com

The new special edition of the compact Sports Activity Coupé dials up the dynamic aura, adds visually striking exterior touches and creates an interior ambience distilled to maximize driving pleasure. The BMW X2 xDrive25e plug-in hybrid, super-sporting BMW X2 M35i and all other engine variants will be available in this special-edition form from March 2022. The highly distinctive design of the BMW X2 projects a sense of athleticism that accurately reflects the car’s sporty driving properties. It also ensures the X2 cuts a visually alluring figure and stands out from the crowd in the premium compact segment. The Sports Activity…

The Kingdom of Bahrain announced the launch of the ‘Golden Residency Visa’ for residents and non-residents, with applications being processed electronically immediately upon meeting the criteria. According to the Kingdom, this move will serve as a catalyst to attract foreign investment. As part of the Economic Recovery Plan, Bahrain has announced a series of economic reforms and initiatives to enhance its long-term competitiveness. During a Press Conference held at the Officers’ Club in Al-Qudhaibiya, Shaikh Hisham bin Abdulrahman bin Mohammed Al Khalifa, Undersecretary for Nationality, Passports and Residency Affairs at the Interior Ministry, and Shaikh Ahmed bin Abdulla Al Khalifa,…

His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister, toured the Bahrain International Circuit (BIC) following the first practice session of the Formula 1 Gulf Air Bahrain Grand Prix 2022 race. The Prince explained how the Kingdom has become a global destination for motorsport events. This is thanks to its skilled labor force and notable role in organizing and hosting successful races over the years. Prince Salman was given an up-to-date briefing on preparations ahead of the final race during the tour, which included meetings with senior Formula 1 figures, such as team managers,…

The General Civil Aviation Authority (GCAA) and the National Emergency Crisis and Disasters Emergency Management Authority (NCEMA) have announced the removal of travel curbs to 12 African countries for citizens who are fully vaccinated and who have received a booster dose of the approved COVID-19 vaccines, from Sunday, 6th February at 18:00. These countries are Kenya, Tanzania, Ethiopia, Nigeria, Republic of Congo, South Africa, Botswana, Eswatini, Lesotho, Mozambique, Namibia and Zimbabwe. The authorities specified the categories of citizens who are allowed to travel to these countries: First: Citizens who received the full doses of the approved COVID-19 vaccines in addition…

The Abu Dhabi National Oil Company (ADNOC) announced today the discovery of natural gas resources offshore of the Emirate of Abu Dhabi. Interim results from the first exploration well in Abu Dhabi’s Offshore Block 2 Exploration Concession operated by Eni, indicate between 1.5 to 2 trillion standard cubic feet (TSCF) of raw gas in place. This discovery marks the first from Abu Dhabi’s offshore exploration concessions, highlighting the continued success of ADNOC’s block bid rounds and its expanded approach to strategic partnerships. A consortium led by Eni and PTT Exploration and Production Public Company Limited (PTTEP) were awarded the exploration…

Aldar Properties PJSC (Aldar), through its Aldar Investment business, has made its first investment in Ras Al Khaimah, acquiring the 27,000 sqm Al Hamra Mall developed by Al Hamra, a Ras Al Khaimah based real estate development and investment company, for a total consideration of AED410 million. The transaction adds further scale and diversification to Aldar Investment, which manages more than AED22 billion of income-generating residential, retail, commercial, hospitality and education assets.Aldar Investment plans to invest to reconfigure the mall, broaden its offerings, introduce more high-quality brands, and enhance the customer experience to drive sales and footfall growth. As part…

The Ministry of Finance has announced that the UAE will introduce a federal corporate tax on business profits that will be effective for financial years starting on or after 1st June 2023. Businesses will become subject to UAE corporate tax from the beginning of their first financial year that starts on or after 1st June 2023.The UAE corporate tax regime has been designed to incorporate best practices globally and minimize the compliance burden on businesses. Corporate tax will be payable on the profits of UAE businesses as reported in their financial statements prepared in accordance with internationally acceptable accounting standards,…

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, today met with Australia’s Governor-General General David Hurley at Expo 2020 Dubai. During the meeting, His Highness Sheikh Mohammed bin Rashid and David Hurley discussed ties between the UAE and Australia and ways of strengthening bilateral relations in the fields of culture, tourism, commerce and science. The meeting, attended by H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, also discussed regional and international issues of common interest. It…

Manchester United ace Cristiano Ronaldo swapped the football pitch with Al Wasl Plaza, where he engaged in a Q&A session amid cheers of his huge Dubai fan base at Expo 2020 Dubai. The Portugal international spoke about his passion and journey that saw him become one of the world’s top footballers. He was all praise for Dubai, saying, “Dubai always brings something to the table, unique and different.” The 36-year-old was greeted by thousands of supporters who had turned out in their droves to catch a glimpse of the superstar at the ceremony. Ronaldo is reportedly spending the international…

Driving across the United States is a bucket list item for most Americans and many people have fond memories of doing just that in a Porsche. Today the nationwide Electrify America CCS DC fast charging network is ready to handle the charging needs for Taycan drivers to make new road trip memories of their own. To that end, Wayne Gerdes, already a multi-Guinness World Records™ title holder for efficiency and range in other vehicles, set out to make a unique memory for himself: break the Guinness World Records™ title for the shortest charging time to cross the United States in…