Saudi PIF secures $5 billion financing in collaboration with K-SURE
Riyadh, Saudi Arabia -- The Public Investment Fund (PIF) and Korea Trade Insurance Corporation (K-SURE) have announced the signing of...
Business
JABEEN signs contracts with Retal, Abyatna
The firms will build primary and secondary infrastructure works.
Business
Q1 2021 China-Dubai trade grows to $12 billion
In 2020, the value of trade with China fell by 5.3 percent to Dh142 billion The UAE is also home...
Abu Dhabi Chamber discusses boosting cooperation with Polish entrepreneurs
Poland’s Deputy Foreign Minister Pavel Jablonsk highlights the advantages of investing in his country Deputy director Helal Al Hameli highlighted...
South Sudan: New WB funding to address food insecurity, locust crisis
Two new projects totaling $116 million aim to restore livelihoods, food security The country faces increasing levels of food insecurity...
Real Madrid star praises UAE’s healthcare system
Vieria was speaking to media at Burjeel Hospital for Advanced Surgery, Dubai The hospital exclusively caters to sports medicine and...
Nutanix, Hewlett Packard expand partnership
Cloud service enables customers to deploy applications and databases in minutes Customers using Nutanix Era reported a positive experience in...
Morocco to get extra WB funding to combat climate risks
World Bank approves $100 million to help Morocco withstand natural disasters This is in addition to an existing $200 million...
LG video spotlights global fashion waste
#CareForWhatYouWear online campaign has achieved 100 million views worldwide The video highlights the need to take better care of the...
Dubai: Non-oil foreign trade grows 10% to $96 billion
Exports grow 25 percent to Dh50.5 billion. Imports account for Dh204.8 billion, growing 9 percent Gold tops the list of...
UAE sends aid to over 35,000 families in Northern Lebanon
More than 178,000 people benefit from aid UAE says its leadership had directed to launch the initiative to help Lebanese...
UAE among top 20 countries in tolerance, coexistence indices
UAE ranked fourth in the Tolerance With Foreigners index, seventh in the Social Cohesion Index Higher ranking means it has...
Saudi PIF secures $5 billion financing in collaboration with K-SURE
Riyadh, Saudi Arabia -- The Public Investment Fund (PIF) and Korea Trade Insurance Corporation (K-SURE) have announced the signing of...
Business
Company News
ANB profit up 51Â percent in H1
Business
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AD Ports Group, CMEC ink MoU
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.