Saudi oil and non-oil exports fall by above 17 percent in Sept
Dubai, UAE -- Saudi Arabia’s oil exports fell by 17.1 percent (SAR 17.2 billion or $4.58 billion) in September, mainly...
Business
ADFD allocates $100m towards 2 projects in Turkmenistan
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UN agencies concerned over looming famine in northern Ethiopia
The Food and Agriculture Organization of the United Nations (FAO), United Nations World Food Programme (WFP) and UNICEF call for...
Non-resident foreigners may finally be allowed to own property in Saudi Arabia
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Saudi Arabia to give nod to digital banking in kingdom, service may start soon
Two digital banks are being set up, if all goes well with the regulatory agency
Goldman Sachs projects crude oil to touch $80 this summer
Goldman Sachs believes rollouts of more vaccination against Covid around the world could boost economic activity and demand for oil
Food insecurity looms in Middle East, Africa: WFP
WFP data say 41 million people faced hunger in 20201 Half a million food insecurity cases living in conditions akin...
Free online registration opened for 7th Middle East Hospitality Excellence Awards 2021
Arabian Ranches Golf Club venue partner for the outdoor award ceremony
Egypt to bank on $500 million Gaza rebuilding aid to shore up its clout
Egypt will use $500 million rebuilding aid for Gaza as a method of reestablishing its ties with countries it shunned...
Dubai’s weeklong real estate transactions valued at $2.9 billion
Dubai Land Department (DLD) records a total of 2,069 real estate and property transactions with a gross value of $2.9billion...
CEOs pledge support to world leaders for net-zero efforts
Alain Bejjani, CEO Majid Al Futtaim, among 79 signatories of open letter to world leaders
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Saudi oil and non-oil exports fall by above 17 percent in Sept
Dubai, UAE -- Saudi Arabia’s oil exports fell by 17.1 percent (SAR 17.2 billion or $4.58 billion) in September, mainly...
Business
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Russia’s goal is to end war West unleashed in Ukraine: Putin
Johannesburg, South Africa -- Russia's special military operation pursues the goal of ending the war in Ukraine unleashed by a...
Geostrategy
One fourth of all investors in state securities have left Russia: Minister
Moscow, Russia -- One fourth of all investors in state securities have been forced to leave the Russian market due...
Business
GCC top export market for Dubai Chamber of Commerce members
Dubai, UAE -- The Gulf Cooperation Council countries were the top destinations for exports and re-exports of Dubai Chamber of...
Business
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Business
Iran exports non-oil products worth $2.9bn to Iraq in four months
Tehran, Iran -- Iran exported $2.9 billion worth of non-oil products to Iraq in the first four months of the...
- Director General of the TPOI for West Asian Affairs Farzad Piltan said Iran exported $541 million worth of products to Iraq in 2022.
- It is predicted that Iran’s export of non-oil products to Iraq will reach $10.5 billion by the end of the current year (March 20, 2024).
Business
DGCX waives fees for Shari’ah compliant Spot Gold Contract
Dubai, UAE -- The Dubai Gold & Commodities Exchange (DGCX) Tuesday said it is waiving trading, clearing and delivery fees...
- DGCX will waive the fee until 31 December 2023. This fee waiver excludes the SCA fee of $0.03.
- The Exchange is also seeking approval from SCA to waive fees for its Gold Futures contract.
Business
Saudi Arabia accedes to United Nations’ CISG convention
Riyadh, Saudi Arabia -- Saudi Arabia has officially acceded to the United Nations Convention on Contracts for the International Sale...
- Saudi Arabia became the 96th State Party to the Convention. The Convention will enter into force for Saudi Arabia, except for its part III, on 1 September 2024.
- The CISG establishes a comprehensive code of legal rules governing the formation of contracts for the international sale of goods and the obligations of the buyer and seller.