SEVEN to build $347m entertainment destination in Saudi Arabia’s Aseer
Riyadh, Saudi Arabia -- Saudi Entertainment Ventures (SEVEN), a PIF subsidiary, has announced the fifth entertainment destination in the Kingdom,...
Business
UAE, Tatarstan explore food security cooperation
UAE food minister Mariam Almheiri says Tatarstan holds great promise for the UAE to diversify its international sources of food
UAE stocks gain $2.2 bn in market cap in five sessions
ADX-listed International Holding Company continued its upward streak to AED97.4 amid AED3.53 bn in transactions
UAE’s SCA registers 114 foreign investment funds in 2020
Number of investment funds registered with SCA fell to 46 in 2019
Green hydrogen production follow same path as solar power, wind power: DEWA CEO
 GCC region, whose biggest export has so far been oil, is turning towards sources of clean energy Mohammed bin Rashid...
ADFD allocates $100m towards 2 projects in Turkmenistan
AED275m towards the construction of an airport in Jebel and AED 92m for hybrid power plant
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
If the Real Estate General Authority pays heed to the Shoura Council, then non-resident foreigners may eventually get the right...
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...
Company News
ADIA acquires hotel portfolio
Business
Riyad Bank H1 profit up 27%
Business
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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...
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,...
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...
Business
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Business
Mawani and Rotterdam Port partner to develop smart ports
Jeddah, Saudi Arabia-- The Saudi Ports Authority (Mawani) has reached a partnership deal with Port of Rotterdam to collaborate in...
- The deal will enhance cooperation between both entities in port corporatization, a widely-adopted business model based on outsourcing terminal operations to the private sector.
- Mawani had earlier inked a deal with Port of Antwerp International (PAI) to bolster mutual cooperation in the domains of port optimization and digital transformation.
Business
Saudi industry ministry and German firms to develop human resources
Berlin, Germany -- A delegation of Saudi Ministry of Industry and Mineral Resources, which visited Germany, discussed enhancing cooperation to...
- The delegation met with officials of the German automobile manufacturer Porsche at the company’s headquarters.
- The delegation discussed cooperation opportunities as well as initiatives and programs for developing human capacities with the German companies Schüller, Festo and KSB.
Business
Saudi EXIM Bank, Evonik sign pact
The insurance policy will protect the risk of non-payment.
- The agreement was signed by the CEO of Saudi EXIM Bank, Saad Al-Khlab, and the General Manager of Evonik Industries, Abdulmohsen Al-Muhaidib.
- Al-Khlab said the collaboration is an extension of the bank's commitment to bolster the export endeavors of national institutions.