FAB becomes first MENA bank to publish TCFD climate report
Abu Dhabi, UAE -- First Abu Dhabi Bank (FAB) became the first MENA bank to publish a Task Force for...
Business
Remote monitoring, AI: New additions to RTA’s toolkit
RTA has collaborated with Alibaba Cloud to start trial of ‘City Brain’, which analyzes big data and can eventually improve...
Equipment, vaccine donations help Tunisia battle Covid-19
With 1.4 daily deaths per 100,000 population, Tunisia is second-worst globally on this metric after Namibia
Bahrain to tap debt market to tide over financial crunch
The last time the Bahraini Kingdom tapped the international debt market was in January, when it raised $2 billion
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...
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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
FAB becomes first MENA bank to publish TCFD climate report
Abu Dhabi, UAE -- First Abu Dhabi Bank (FAB) became the first MENA bank to publish a Task Force for...
Business
Company News
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ADNOC Gas H1 revenue $10.6bn
Business
21 agreements and MoUs signed at Saudi-Italian Investment Forum
Milan, Italy -- The Saudi-Italian Investment Forum, jointly organized by the Saudi Ministry of Investment and the Italian Ministry of...
Business
Mubadala, Petrobras sign MoU
The two parties will explore potential investment in a biofuel project.
Business
Arab economies projected to grow 3.4% in 2023: AMF official
The growth may increase to 4% in 2024. Arab Monetary Fund Director-General Dr. Abdul Rahman bin Abdullah Al Humaidi stressed...
Economy
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Business
Emirates NBD invests in Komgo
The equity investment was made by Emirates NBD's Innovation Fund.
- Emirates NBD's corporate venture capital arm will enable the Group to invest in tech start-ups and companies supporting its digital strategy.
- Komgo has diverse customer base that includes more than 200 multinational corporations and global trade banks.
Geostrategy
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...
- Amirabdollahian said they have held extensive negotiations and weighed plans to carry out the agreements reached in the recent meeting between the presidents of the two nations.
- "The transit routes in the region are not a factor of competition, but an element that strengthens relations between Iran and Turkey," he said.
Business
Iran’s oil output capacity up 40 percent in two years: Oil Minister
Tehran, UAE -- Iran’s oil production capacity has increased 40 percent in two years with the rise in investment in...
- Javad Owji said the daily crude oil output volume reached from the previous 2.2 million barrels of oil per day (bpd) to over 3.1 million bpd.
- The gas production has increased by 40 million cubic meters in the first five months of the current Iranian calendar year (March to August 2023).