JABEEN signs contracts with Retal, Abyatna
The firms will build primary and secondary infrastructure works.
Business
International migration flows to OECD countries at record highs in 2022
Paris, UAE -- Permanent migration to OECD countries reached 6.1 million in 2022, a 26 percent increase compared with 2021,...
Geostrategy
US, France must take final decisions on nuclear deal: Iran
The 2015 deal saw Iran accept curbs on its nuclear capabilities Trump unilaterally withdrew three years later Iran on Friday...
Saudi Aramco chairman Yasir Al-Rumayyan joins Reliance Industries Board
Saudi Aramco chairman and Governor of the Kingdom's Public Investment Fund, Yasir Al-Rumayyan, has been inducted into the board of...
Those spreading rumours against Covid-19 vaccine will be punished: Oman health minister
He said most people who died of Covid-19 in the country in April were not vaccinated Oman has seen more...
Europe-Gulf parliament talks soon, says top Kuwait lawmaker
The talks expected to address 'matters of mutual concern'  The Palestinian cause is one of the key issues Lawmakers from...
Iraq to build 2,000MW solar power projects in tie-up with a UAE-based firm
The project is the biggest investment in Iraq's renewable energy industry Iraq is planning to build a number of power...
Alpha Dhabi plans IPO, ADX listing with $2.2-billion capital
Alpha Dhabi also announced that it was moving ahead with its initial public offering The IPO may comprise a sale...
Fledgling UAE rail network step towards bridging the Gulf
When completed, Etihad Rail will operate 1,200 km of track connecting all of the emirates *Authorities believe freight train will...
Turks defend nature against Erdogan’s development push
A company plans to extract 20 million tons of stone from a quarry in an idyllic valley Up to 4...
PIF appoints former Samba CEO as head of compliance
Rania Nashar has more than two decades of experience in the banking sector PIF has increased its employees from 40...
Saudi bourse’s 2020 net profit surged ahead of listing
Tadawaul Group also said revenue more than doubled It posted a profit after zakat of $133.5 million Saudi Tadawul Group,...
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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
JABEEN signs contracts with Retal, Abyatna
The firms will build primary and secondary infrastructure works.
Business
Company News
NBF H1 net profit up 120 percent
Business
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RAKBANK H1 profit $245m
Business
ADCP partners with AP Moller
Business
Aldar to redevelop two malls
Business
UAE first half non-oil foreign trade hits all-time high of $337 billion
The results are buoyed by record non-oil exports, which reached AED 205 billion in H1 2023, an 11.9 percent growth...
Business
Saudi Arabia’s imports from GCC countries fall by 19% in June
Riyadh, Saudi Arabia -- Saudi Arabia’s imports from Gulf Cooperation Council (GCC) countries fell 19 percent year-on-year (YoY) to SAR...
Business
Hotel revenues in Oman grow 27.8% to $318 million in July
Muscat, Oman -- The revenues of 3-5-star hotels in Oman reached RO 122.5 million ($318 million) at the end of...
Business
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Videos
GCC optimistic about FDI growth despite hiccups
Despite a decline in FDI inflows in the past few years, GCC countries remain optimistic as they expect strong economic...
- The GCC countries are generally stable and have a good track record of protecting foreign investments.
- The Gulf nations have abundant natural resources, such as oil and gas, which attract foreign investors in the energy sector.
Geostrategy
Renewables helped save $520bn fuel costs globally in 2022: Report
In non-OECD countries, just the saving over the lifetime of new capacity additions in 2022 will reduce costs by up...
- In addition to these direct cost savings, there would be substantial economic benefits from reducing CO2 emissions and local air pollutants.
- IRENA’s Director-General Francesco La Camera said the world must add 1,000 GW of renewable power annually on average every year until 2030 to keep 1.5°C within reach.
Arts & Culture
Saudi hosts AlUla Desert Blaze, the toughest run in GCC region
AlUla, Saudi Arabia -- AlUla Desert Blaze, a unique running challenge, which kicked off on Saturday and saw participation of nearly 200 male and female...
- The run, which kicked off Saturday, saw participation of nearly 200 male and female runners from 39 countries.
- The participants faced the toughest challenges amid scorching summer heat, enduring temperatures reaching up to 43 degrees Celsius.