Hello reader,

In today’s newsletter:

Discover the latest stories from Arabian Business, compiled by our editorial team. Here's what you missed on Thursday:

Recent polls show a tight race between former President Donald Trump and Vice President Kamala Harris in the upcoming US presidential election. A Reuters/Ipsos poll conducted in late August revealed Trump’s approach to the economy and employment was preferred by 43 percent of registered voters compared to 40 percent for Harris, though this difference falls within the margin of error, according to Reuters. On crime and corruption, the candidates were tied at 40 percent support each. National polls have shown Harris building a small lead since entering the race in July following President Joe Biden’s withdrawal.

Meanwhile, talabat, an on-demand food and Q-commerce delivery app, announced today that its parent company, Delivery Hero, is preparing for its initial public offering (IPO). The company plans to list talabat on the Dubai Financial Market (DFM) in the fourth quarter of 2024.

On the real estate front, as the Dubai real estate market continues to attract global investors, two of its top family residential communities – Arabian Ranches and Al Barari – offer distinctively different lifestyles and property options. With a budget of $1 million, potential buyers face a choice between the expansive, suburban neighbourhood of Arabian Ranches and the eco-luxury of Al Barari. But how far does a million dollars stretch in each of these sought-after areas?

Aside from this, the UAE has announced a visa amnesty for people who have overstayed in the country. The grace period will allow people in the UAE, both residents and visitors, to adjust their status without fear of fines or deportation, said the Federal Authority for Identity, Citizenship, Customs and Port Security (ICP). Visa violators will not be fined and can fees will be waived. Those wishing to leave the country can do so without a travel ban being placed for future returns.

In Saudi Arabia, Riyadh Season 2024 will begin on October 12 and bring a festival of sport, culture and entertainment to Saudi Arabia, said General Entertainment Authority (GEA) Chairman Turki bin Abdulmohsen Al Al-Shikh. Al Al-Shikh announced 14 entertainment zones that will be part of this year’s Riyadh Season, with the season taking place over an area exceeding 7.2 million square meters. The events witnessed the signing of a total of 4,200 contracts with 2,100 companies, 95 percent of which are local, he noted.

THE LONGER READ:

The average lifespan of crypto scams has decreased from 271 days in 2020 to just 42 days in 2024

Was this newsletter forwarded to you? Subscribe now.