ACWA Power launches Phase I of green hydrogen project in Uzbekistan
Riyadh, Saudi Arabia -- Saudi renewables giant ACWA Power has said it launched the first phase of green hydrogen project...
Business
Saudi consumer spending up 4 percent in October: SAMA
Riyadh, Saudi Arabia -- Consumer spending in Saudi Arabia increased 4 percent to SAR 110 billion ($29.32 billion) in October,...
Business
Iran fears Covid variant outbreak could hit it harder
Official data put Covid toll in Iran at 84,000 Tehran, nine other cities highest-risk places Iran has struggled to keep...
Emirates’ deal with Travelport could make flights cheaper
 Emirates will distribute its NDC content via Travelport+ The firms also extended their longstanding IT agreement Dubai-based carrier Emirates was...
Lebanon army to offer tourists paid helicopter joyrides
Up to three people would be allowed aboard per flight Lebanon's economic crisis has hit its military hard The Lebanese...
Israel strikes Gaza after Hamas fire balloons
Security sources with Hamas said the strikes hit training sites Israel said incendiary balloons launched from Gaza sparked four minor...
Blackouts hit Iraq as mercury soars 52°C
4 southern provinces without electricity since Tuesday Sizzling temperatures made worse by high levels of humidity When the mercury soared...
Swimmable billboard in Dubai to promote swimwear collection
The billboard is made of reinforced transparent acrylic It took a team of team of 32 people to build the...
Saudi Arabia prods tech, industrial firms to list on Tadawul
Industrial companies to be given help in procuring land and factories In May, the kingdom issued 59 new industrial licenses...
Germany hopes return of pre-pandemic level Saudi tourist arrivals
Germany recorded 1.6 million overnight stays from the Gulf region in 2019 A campaign aims to inspire travelers to journey...
Can Palestinian Monetary Authority’s digital currency move be practical?
Israel has placed restrictions on large cash transactions Digital money could demonstrate apparent autonomy from Israel The Palestinian Monetary Authority...
Lebanon to lift fuel subsidies as gasoline shortage worsens
 Gasoline price rise likely to ease the shortage of fuel Lebanon is experiencing one of the worst economic crises in...
ACWA Power launches Phase I of green hydrogen project in Uzbekistan
Riyadh, Saudi Arabia -- Saudi renewables giant ACWA Power has said it launched the first phase of green hydrogen project...
Business
Company News
SABIC H1 net profit slumps 87%
Business
DAE H1 profit up 13%
Business
Latest News
Mubadala invests in Aligned
Business
e& H1 net profit $1.27bn
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
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...
Business
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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.
Business
Alahmadi joins SHUAA Board
He is set to be part of the Board's Investment Committee.
- Alahmadi's career includes stints at global giants like Mubadala and Rothschild & Co. More recently, he was associated with the CEO Office of ADQ
- His current portfolio also includes a position as an independent member of the Audit and Risk Committee for ADX-listed firm, Presight AI Holdings.