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
SAMA, Central Bank of China sign $7bn currency swap agreement
Riyadh, Saudi Arabia -- The Saudi Central Bank (SAMA) has signed a three-year currency swap agreement with the Central Bank...
Business
Aramco hires Morgan Stanley as lead adviser to sell gas pipeline stake
Aramco's $12.4 billion oil pipeline deal could be template for hiring Company also plans to spend about $35 billion on...
Erem Media’s use of iZooto reduces dependency on Google
iZooto replaces Google search as number 1 source of traffic for Erem Media Group
S&P assigns ‘AA-’ issuer rating to Emirates Development Bank with ‘stable’ outlook
EDB has also been assigned a “gcAAA” long-term GCC regional-scale rating
RTA eyes futuristic suspended transport network in Dubai
The use of this type of transport in Dubai is aimed at accelerating the mobility of people, ease congestion
Golden opportunity to buy gold
The increased demand for physical gold is projected to push up the price of shiny metal within the next six...
Chalhoub Group to hire more women for top position in Saudi Arabia
Chalhoub Group is going to pack its top management positions with more women, and will also raise the number of...
SEHA Covid-19 assessment centers to operate for 2 more hours
All services for Covid-19-positive patients are available in the Outpatient Clinics building in Mafraq Hospital in Abu Dhabi and in...
Dubai FDI presents the Dubai advantage to investors across 6 countries
Dubai FDI sought investment from China, India, Australia, Spain, Italy and the US through webinars Investors invested to explore opportunities...
UBS Investor Watch: Investors to use their capital to drive change after COVID-19
9 in 10 investors want their investments to align with their values Women, young generation want to make a difference...
Survey: 66% business leaders in Egypt, GCC to invest more in data analytics
Incorta, a US data analytics company, conducted the survey About 153 business leaders in 11 industries from Egypt, GCC took...
Most Read
Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
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
Company News
Latest News
Ethmar net profit up $114m
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...
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...
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...
Business
Most Read
Business
Generative AI likely to supplement than destroy jobs: ILO
Geneva, Switzerland -- Generative Artificial Intelligence (AI) is more likely to augment than destroy jobs by automating some tasks rather...
- An International Labour Organization (ILO) study has found most jobs and industries are only partly exposed to automation and are more likely to be complemented by Generative AI.
- It suggests this new wave of technological transformation could offer important benefits for developing countries.
Business
Iran not holding direct talks with US on sidelines of UN meet
"Reports that a meeting between Iranian and American officials will be held on the sidelines of the UN General Assembly...
- Kanaani said the two countries have held only indirect talks to discuss a prisoner exchange and unblocking Iranian assets.
- The New York Times reported on August 10 that the United States and Iran had reached an agreement on a prisoner swap.
Business
ACWA Power announces financial close on $2.4bn Saudi solar projects
Riyadh, Saudi Arabia -- A consortium of ACWA Power and subsidiaries of Saudi sovereign wealth fund, Public Investment Fund, and...
- The projects will generate an aggregate capacity of over 2.6GW of clean electricity for Saudi Arabia.
- The new projects will be jointly owned by PIF subsidiary Badeel (34.99 percent) and ACWA Power (35.01 percent) and SAPCO (30%).