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
Saudi oil and non-oil exports fall by above 17 percent in Sept
Dubai, UAE -- Saudi Arabia’s oil exports fell by 17.1 percent (SAR 17.2 billion or $4.58 billion) in September, mainly...
Business
Trade between Dubai, Germany crosses $6.7 billion in 2020
Ambassador of Germany to the UAE 'impressed' with the free zone’s infrastructure Trade between two countries expected to grow more...
Dubai Airports to add 3,500 jobs as key terminals reopen this week
Opening terminals will boost the airport's PCR testing capacity 3500 employees will either be new hires or the ones waiting...
47 killed in northern Yemen as battle for Marib flares
Rebels are seeking to seize control of Marib and its surrounding oil fields Fresh fighting comes after a diplomatic push...
Aramco disburses in full international trust certificates for $6 billion sukuk
The company issued 30,000 sukuk with a par value of $200,000 each The sale, launched on June 9, was Aramco’s...
Payment24 introduces ‘vehicle biometrics’ to fast track refueling
Payment24’s FastLane identifies any vehicle enrolled in the system as it drives into the forecourt It allows petroleum companies and...
NYU Abu Dhabi researchers discover orbital patterns of Trans-Neptunian Objects
TNOs are small objects that orbit the sun beyond Neptune. These are fossils from the early days of the solar...
New York state senate declares 2 Dec 2021 as ‘Emirati Day’
Dubai-born Senator Kevin Thomas introduced a resolution calling for commemorating the day in New York state *UAE Consul-General in NY...
Morgan Stanley alum to raise $600 m for clean energy funds
Founded by Ahmad Atwan, VC Fuel intends to raise $100m for debut venture fund and seek $500m for an infrastructure...
Robots hand out bottles of sacred water in Mecca ahead of the Hajj
The move is designed to minimize human contact to contain Covid-19 spread Each of the 20 robots deployed loaded with...
Emirates ramps up operations over summer to serve strong travel demand
Airline will operate flights to 124 destinations in July, close to 90% of pre-pandemic network Expands A380 network to 15...
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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
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
Company News
Strong growth key to GCC’s FDI appeal
Infographics
ANB profit up 51 percent in H1
Business
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AD Ports Group, CMEC ink MoU
Business
PIF-backed oil driller ADES International Holding announces IPO
Riyadh, Saudi Arabia -- ADES International Holding, an oil and gas driller backed by Saudi Arabia’s sovereign wealth fund, PIF,...
Business
BRICS to coordinate approaches with new members within UN, G20: Lavrov
The BRICS summit, which held in Johannesburg from Aug 22-24 agreed to admit Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and...
Geostrategy
Iran readies to finalize document on wider cooperation with Oman
Tehran, Iran -- Iran has expressed its readiness to finalize the provisions of a strategic document on comprehensive cooperation with...
Geostrategy
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Business
Market capital in Arab bourses $4.5 trillion, says Arab Monetary Fund
Kuwait City, Kuwait -- The Arab Monetary Fund has said that the market capital in Arab bourses reached US$4.5 trillion...
- The fund's weekly report said the market capital of BouKuwait amounted to US$137.5 billion, that of the Abu Dhabi stock exchange reached approximately US$777 billion.
- The capital market of the Saudi stock exchange reached some US$ 3 trillion and the Qatari bourse US$170 billion.
Business
Gazprom delivers 41.5m cu.m of gas to Europe per day through Ukraine
Moscow, Russia -- The volume of Russian gas supplies to Europe through Ukraine is 41.5 million cubic meters per day,...
- The gas is supplied via Sudzha gas pumping station in an amount approved by Ukraine, a Gazprom spokesman said.
- The transit line through Ukraine remains the only route for Russian gas supplies to western and central European countries.
Business
Dubai records realty deals worth $6.28 bn during week ending 25 Aug
Dubai, UAE -- A total of 3,229 real estate transactions worth over AED 23.1 billion ($6.28 billion) were conducted during...
- The DLD report showed that 183 plots were sold for AED 1.33 billion, while 2,361 apartments and villas were purchased for AED 5.77 billion.
- The top three apartment and villa transfers included three in Palm Jumeirah sold for AED 65 million, AED 57 million, and AED 54 million.