Egypt jumps to third place in Offshore BPO Confidence Index
Cairo, Egypt -- Egypt's global prominence received a boost as it jumped from 11th to third place in the 2023...
Business
Chinese tourism bookings to Saudi surge 277% after mega promotional campaign
Shanghai, China -- In a bid to attract Chinese tourists, the Saudi Tourism Authority recently concluded its first, and the...
Business
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...
UAE plans launch of new food safety standards system
The new standards will ensure the quality of food imported or manufactured within the country The ministry is cooperating with...
DEWA to add additional 600MW of clean energy capacity to Dubai’s energy mix in 2021
The technologies fueling this expansion are photovoltaic solar panels and concentrated solar power or CSP The move will increase DEWA’s...
Dubai Economy, Dubai Business Women Council highlight incentives for businesswomen
Speakers share insights on how female entrepreneurs can address Covid-19 challenges The webinar was part of Dubai Economy’s monthly ‘Market...
Bayt poll: MENA professionals stress importance of teamwork
When looking for a job, nearly 7 in 10 respondents say they prefer positions that require teamwork 78 percent of...
Knesset to vote on new govt, Netanyahu’s rule set to end
The departure of Netanyahu, 71, has left the country bitterly divided The new government’s policies likely to be hampered by...
Egypt jumps to third place in Offshore BPO Confidence Index
Cairo, Egypt -- Egypt's global prominence received a boost as it jumped from 11th to third place in the 2023...
Business
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Strong growth key to GCC’s FDI appeal
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ANB profit up 51Â percent in H1
Business
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...
Arts & Culture
AviLease acquires aircraft leasing platform
The $3.6bn deal will see AviLease acquire a portfolio of 100 aircraft.
Business
Saudi Arabia and Iran invited to Moscow-led defense bloc’s military drills
Moscow, Russia -- Collective Security Treaty Organization (CSTO) member states have invited observers from Saudi Arabia, Iran, China and Mongolia...
Geostrategy
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$202m contract signed for Jeddah project
The contract involves MEP works for Al Muhammadiyah Hospital.
- The contract was signed between Zamil Air Conditioning and Refrigeration Services Co. Ltd. and Al Muhammadiyah Hospital for Healthcare Co.
- Sulaiman Al Habib plans to finance the project from its own resources and Shariah-compliant long-term bank loans.
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,...
- The offer will comprise 338.7m shares-- 101.62m by ADES Investment Holding, PIF and Zamil Investment, and 237.10m new shares.
- The price range will be announced September 18 and the final offer price will be announced after a book-building process.
Geostrategy
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...
- Lavrov said BRICS leaders deal with real issues while Western politicians and reporters "tend to mostly wag their tongues".
- The expanded BRICS’ positions in the Group of Twenty will strengthen because both Saudi Arabia and Argentina are its members, he said.