Saudi PIF secures $5 billion financing in collaboration with K-SURE
Riyadh, Saudi Arabia -- The Public Investment Fund (PIF) and Korea Trade Insurance Corporation (K-SURE) have announced the signing of...
Business
JABEEN signs contracts with Retal, Abyatna
The firms will build primary and secondary infrastructure works.
Business
Non-Arabs invest $87m in UAE markets from Jan-May 2021
Growth indicates a steady capital inflow into the two markets due to the increased investor confidence in UAE capital markets
Wealthy nations cancel Sudan debt worth $14 billion
The remaining of the total $23.5 billion debt will be rescheduled and will likely be canceled in the future, says...
Iran sends team to southwest to tackle water shortages
This month, power generation impacted by drought results in rolling blackouts in the capital Tehran and other large cities
Global economy to grow fastest in 40 years in 2021: Report
Advanced economies, especially the US, drive forecast upgrade as they are expected to grow by 5% in 2021
UAE, Hungary sign agreement to boost economic cooperation, investment protection
The pact aims at securing a comprehensive balance between rights and obligations between investors and the host country
ENOC’s world-first eLink Station: can be relocated, saves space and time
The eLink Station is fully sustainable and includes vapour recovery systems to reduce emissions while loading from storage tanks. It...
Lebanese economy in a fix as PM-designate Hariri steps down
Lebanon's prime minister-designate Saad Hariri stepped down Thursday, saying he was unable to form a government, nine months after accepting...
Scientists convert paralyzed man’s brain waves to speech
In a world's first, US researchers have developed a neuroprosthetic device that successfully translated the brain waves of a paralyzed...
ADNEC acquires DoubleTree By Hilton London ExCel
ADNEC has added a new hotel to its portfolio: the DoubleTree By Hilton London ExCel.
Shelling by Syrian regime forces kills 9 civilians in idlib: monitor
3 children among the deceased, according to Syrian Observatory for Human Rights
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Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
Saudi PIF secures $5 billion financing in collaboration with K-SURE
Riyadh, Saudi Arabia -- The Public Investment Fund (PIF) and Korea Trade Insurance Corporation (K-SURE) have announced the signing of...
Business
Company News
ADNOC Gas H1 revenue $10.6bn
Business
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SABIC H1 net profit slumps 87%
Business
Qatar tourist arrivals surge on post-world cup momentum
Doha, Qatar -- More than 2.56 million people visited Qatar from January to August 25, which is more than the...
Business
Emirates NBD invests in Komgo
The equity investment was made by Emirates NBD's Innovation Fund.
Business
Iran targets $30bn in annual trade with Turkey: Amirabdollahian
Tehran, Iran -- Iran and Turkey target $30 billion in annual trade in their endeavor to broaden political and economic...
Geostrategy
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Science
AlNeyadi conducts over 200 research experiments on board ISS
ABU DHABI, UAE - Over the course of a six-month space mission on board the International Space Station (ISS), UAE...
- These research experiments were held in collaboration with 10 international space agencies and 25 esteemed UAE and global universities.
- The experiments covered a range of topics including the cardiovascular system, back pain, protein crystallisation growth, epigenetics, immune system,
Business
UAE and Brazil launch partnership to exchange expertise in economy
Dubai, UAE -- The governments of the UAE and Brazil have launched a partnership to exchange knowledge and expertise in...
- The Programme focuses on partnerships and enhancing cooperation with governments in sharing knowledge and expertise in the fields of modernization, development and government.
- The launch of the partnership came as part of a visit by a Brazilian official delegation led by Alexandre Cordeiro Macedo, President Administrative Council for Economic Defense.
Geostrategy
Fahd al-Jarallah appointed new Kuwait FM amid economic challenges
Kuwait City, Kuwait -- Kuwait Sunday announced the appointment of Fahd Abdulaziz al-Jarallah as the new Finance Minister. This decision...
- This decision comes on the heels of the resignation of Manaf Abdulaziz al-Hajri, who held the position since April this year.
- Kuwait, known for its vast oil reserves and robust fiscal stance, has been grappling with political disputes and bureaucratic hurdles.