$9.9bn transport investments boost Qatar’s logistics efficiency
Dubai, UAE -- Qatar Chamber has underscored Qatar's significant strides in the transport sector, positioning the nation as a formidable...
Business
Sustainable aviation fuel production lags behind demand: IATA official
Dubai, UAE -- The current production of sustainable aviation fuel (SAF) represents less than 1 percent of the sector's demand,...
Business
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
Fund launched in Lebanon to boost women’s participation in Beirut port blast recovery
The Women’s Peace and Humanitarian Fund, UN will fund 6 Lebanese women's organizations Gender assessment of Beirut Port Explosion reveals...
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...
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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
$9.9bn transport investments boost Qatar’s logistics efficiency
Dubai, UAE -- Qatar Chamber has underscored Qatar's significant strides in the transport sector, positioning the nation as a formidable...
Business
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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
Ajman H1 real estate transactions increase by 15 percent to $1.95bn
Ajman, UAE -- Ajman real estate market grew 15.6 percent year-on-year to AED 7.17 billion ($1.95 billion) in the first...
Business
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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.
Business
Bahrain Central Bank’s $185 million treasury bills oversubscribed
Manama, Bahrain – This week’s BD 70 million ($185 million) issue of Bahrain Government Treasury Bills has been oversubscribed by...
- The bills, carrying a maturity of 91 days, are issued by the Central Bank of Bahrain, on behalf of the Bahrain government .
- The approximate average price for the issue was 98.395 percent with the lowest accepted price being 98.261 percent.