ADDED launches program to improve SMEs’ access to financial services
Abu Dhabi, UAE -- The Abu Dhabi Department of Economic Development (ADDED) has launched a program to improve the access...
Business
Jeddah Program named cultural destination of FIFA Club World Cup
Riyadh, Saudi Arabia -- The Historic Jeddah Program has secured sponsorship rights as the official cultural destination and main supporter...
Arts & Culture
eCommerce booms in Saudi Arabia, market touches $970 million
Annual growth in eCommerce market expected to grow by more than 6 percent Currently, only 15 to 20 percent of...
AlSagr shareholders shout ‘no’ 15 times to reject 15 of 20 items during AGM
Not once, or twice, or even five times, AlSagr shareholders shouted no 15 times to reject three-quarters of the items...
- Appointment of Baker Tilly and Alkharashi & Co. as external auditors among proposals rejected
- Investors also refused to endorse contracts involving firms with links to some board members
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...
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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
ADDED launches program to improve SMEs’ access to financial services
Abu Dhabi, UAE -- The Abu Dhabi Department of Economic Development (ADDED) has launched a program to improve the access...
Business
Company News
Strong growth key to GCC’s FDI appeal
Infographics
Latest News
ANB profit up 51Â percent in H1
Business
SAMI launches radio systems line
PIF-owned SAMI will be partnering with the Ministry of Defense.
Business
$202m contract signed for Jeddah project
The contract involves MEP works for Al Muhammadiyah Hospital.
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
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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...
- Iran's foreign minister Amir Abdollahian also appreciated the efforts by the Sultan of Oman and talked about Iran’s stances on the trend of talks aimed at lifting the sanctions.
- Abdollahian appreciated Qatar for its role in the release of Iranian assets blocked in foreign countries.
Business
Iran world’s eighth largest steel producer in first half of 2023
Tehran, Iran -- Iran became the eighth largest steel supplier in the world in the first half of 2023 as...
- Iran was the world’s seventh largest steel producer in June with an output of 3.2 million mt, up 17.4 percent from June 2022, the report added.
- For years, Iran had been ranked 10th globally in the list of top steel-producing countries.
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.