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In today’s newsletter:

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

The UAE will pay the debts of students at government schools in the country. President Sheikh Mohamed bin Zayed Al Nahyan has issued directives to settle the outstanding financial dues of UAE resident students registered in the country’s government schools for previous years of study at a total cost of AED155m ($42m).

Meanwhile, Dubai's Emirates will expand its schedules across the region with 19 additional flights during the upcoming Eid Al Fitr holiday period. This year, more than 150,000 customers are expected to fly with the airline during Eid Al Fitr across the region, with additional flights planned from Jeddah, Kuwait, Beirut and Amman.

In Saudi Arabia, the kingdom has told taxpayers to submit statements this week or face fines. The Zakat, Tax, and Customs Authority (ZATCA) has urged taxpayers subject to withholding tax (WHT) to submit their tax statements for March no later than April 10.

In other news, the Middle East and North Africa (MENA) region is anticipated to see an explosion in the launch of crypto token projects – which converts digital assets into tokens linked to performing and income generating projects – with FLOKI Technologies set to debut its newly created TokenFi Launchpad in the region.

On the real estate front, luxury hospitality company Aman has announced its first standalone branded residential project, Aman Residences, Tokyo. The residences are located in the new Azabudai Hills development in central Tokyo which opened in November 2023.

THE LONGER READ:

Here are some of the most expensive ultra-luxury homes available for rent in Saudi Arabia, the highest one costs a whopping SAR46 million per year

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