Abu Dhabi’s financial sector surges 30% in Q2, non-oil growth 12%
Abu Dhabi, UAE -- The financial sector in the UAE has experienced a surge of 30 percent in the second...
Business
Bank of Sharjah joint lead manager for $350m Ittihad sukuk
SHARJAH, UAE - Bank of Sharjah announced its selection as joint lead manager and bookrunner in the debut US$350 million...
Business
Bahrain, UAE to cooperate in teaching AI, digital economy skills
UAE’s National Program for Artificial Intelligence and Bahrain’s Nasser Vocational Training Centre have signed a pact The parties will also...
Mystery bidder buys trip to space with Jeff Bezos for $28 million
Bezos, his brother, the bidder and the fourth and final crew member will fly to the edge of space and...
SEHA enhances self-services by automating 70 percent of patient bookings
The network's Virtual Outpatient Clinic completes over 460,000 tele and video consultations since its launch The company launched WhatsApp feature...
UAE ambassador to UK briefed about rain science program
Program evaluates the effectiveness of charge emission in enhancing rainfall process Director Alya Al Marouzi says ambassador's visit demonstrates UAE's...
MBR University launches PhD program in biomedical sciences
Genetics of developmental diseases, reproduction, cancer biology, diabetes, etc., the focus of research Applicants can apply for the program by...
Prototype of new public transport system in Makkah inaugurated
400 buses to be part of the transport system aimed at easing access to the Grand Mosque and supporting economic...
Lebanon currency drops to new low as financial meltdown deepens
The Lebanese pound has lost around 90% of what it was worth in late 2019 Matters made worse by the...
LAU Medical Center-Rizk Hospital opens state-of-the-art ER
ER has embedded Medical Imaging Unit comprising a CT-Scan, Digital X-Ray, Ultrasound and Mobile Unit *Hospital authorities say unit opened...
Farmers showcase olive oil brands at Saudi festival
Olive oil on display manufactured from the produce of 18m olive trees in the Al-Jouf region
Saudi Arabia’s first dedicated style event Fashion Futures to go digital
It will launch on June 17Â and will be broadcast live from studios in Riyadh and New York
Abu Dhabi’s financial sector surges 30% in Q2, non-oil growth 12%
Abu Dhabi, UAE -- The financial sector in the UAE has experienced a surge of 30 percent in the second...
Business
Company News
AD Ports Group, CMEC ink MoU
Business
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ADIA acquires hotel portfolio
Business
Riyad Bank H1 profit up 27%
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
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...
Business
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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.
Economy
Lebanon central bank declines to address nation’s deficit through lending
Beirut, Lebanon -- Acting Lebanese Central Bank Governor Wassim Mansouri has said the bank will not be providing government lending...
- Acting Lebanese Central Bank Governor Wassim Mansouri said it will apply to both Lebanese lira and US dollar.
- Mansouri assured that public sector employees would receive their wages for the current month in US dollars, with an exchange rate set at 85,500 liras.