Dubai records weeklong real estate deals worth $2.45 billion
Dubai, UAE -- A total of1,852 real estate transactions valued at more than AED 9 billion ($2.45 billion) were conducted...
Business
UAE owns 40% of aircraft fleet in Arab region, says ACAO official
Dubai, UAE -- The United Arab Emirates (UAE) holds nearly 40 percent of the aircraft fleet in the Arab region,...
Business
RELEX to service Majid Al Futtaim Carrefour stores
RELEX servicing will be initially rolled out to stores in the UAE and then extended to other areas The partnership...
AFD approves €83M loan to Egypt for electricity sector
Loan meant to fund Egypt's second phase of Electricity and Green Growth Support Program The program will advance the provision...
ACWA to build Central Asia’s largest single-site wind farm in Uzbekistan
The 1500MW plant expected to cater to power needs of about 4 million households *ACWA Power also has a 1500MW...
Investor sells his 2.4 stake in Abu Dhabi Commercial Bank for $300 million
The offering consisted of 164 million shares in the bank The Abu Dhabi Investment Council is the largest shareholder in...
UAE Central Bank ups overnight rates, hours after US Fed raised interest
Central banks in the GCC mimic the US Fed's moves due to the peg of their currencies to the US...
Twitter lets Arabic users to be addressed in the feminine
The company caved in to demands for gender equity space on social media site Arabic verbs and adjectives have both...
Turkey leaves its interest rate unchanged at 19 percent for third month to support lira
The decision needed to support the country’s depreciating currency An annual inflation rate of 16.6 percent has contributed to a...
Egypt’s largest solar plant gets $ 114m financing package
Located less than 20 km from Africa’s biggest solar park, Kom Ombo plant will add 200 MW of energy capacity...
Saudi Crown Prince urges local businessmen to invest in Egypt
About 150 Saudi investors and businessmen ready to invest in Egypt Saudi Arabia has opened an office of the Saudi-Egyptian...
825 eye surgeries conducted in Pakistan during KSrelief campaigns
Pakistan fifth-largest recipient of KSrelief after Yemen, Palestine, Syria and Somalia 8500 people examined in Karachi and Shikarpur area of...
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Dubai records weeklong real estate deals worth $2.45 billion
Dubai, UAE -- A total of1,852 real estate transactions valued at more than AED 9 billion ($2.45 billion) were conducted...
Business
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AD Ports Group, CMEC ink MoU
Business
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ADIA acquires hotel portfolio
Business
Riyad Bank H1 profit up 27%
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...
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,...
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...
Business
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Business
Mawani and Rotterdam Port partner to develop smart ports
Jeddah, Saudi Arabia-- The Saudi Ports Authority (Mawani) has reached a partnership deal with Port of Rotterdam to collaborate in...
- The deal will enhance cooperation between both entities in port corporatization, a widely-adopted business model based on outsourcing terminal operations to the private sector.
- Mawani had earlier inked a deal with Port of Antwerp International (PAI) to bolster mutual cooperation in the domains of port optimization and digital transformation.
Business
Saudi industry ministry and German firms to develop human resources
Berlin, Germany -- A delegation of Saudi Ministry of Industry and Mineral Resources, which visited Germany, discussed enhancing cooperation to...
- The delegation met with officials of the German automobile manufacturer Porsche at the company’s headquarters.
- The delegation discussed cooperation opportunities as well as initiatives and programs for developing human capacities with the German companies Schüller, Festo and KSB.
Business
Saudi EXIM Bank, Evonik sign pact
The insurance policy will protect the risk of non-payment.
- The agreement was signed by the CEO of Saudi EXIM Bank, Saad Al-Khlab, and the General Manager of Evonik Industries, Abdulmohsen Al-Muhaidib.
- Al-Khlab said the collaboration is an extension of the bank's commitment to bolster the export endeavors of national institutions.