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
Dubai records weeklong real estate deals worth $2.45 billion
Dubai, UAE -- A total of1,852 real estate transactions valued at more than AED 9 billion ($2.45 billion) were conducted...
Business
UAE dine-in spending returns to pre-lockdown levels
Cafes, European and Middle Eastern outlets see most spending in the first quarter of 2021
Omani mediators in Sanaa as Yemen ceasefire talks intensify
Omani mediators appear to be convincing the Huthis to accept a ceasefire and take part in peace negotiations
MAKTABA celebrates winners of ‘Little Writer in the Big Book’ contest
Launched in 2011, the competition has attracted more than 2,000 entries during the past eight yearsÂ
Madayn announces new incentives to boost investment in Sur Industrial City
Board of Directors also approved the project to establish an integrated workforce townshipÂ
France probes Lebanese central bank chief’s wealth
Findings could shed light onto the origins of the 70-year-old former Merrill Lynch banker's wealth
Saudi Aramco tops Forbes Middle East’s list of top 100 firms
Market value of the 100 companies stands at $3 trillion, 93 percent witness increase in their market value
UAE: Empower saves electricity worth $930 million in 2020
Empower is one of the key partners for UN Environment’s District Energy in Cities initiative and an active member of...
Dubai’s electricity capacity up tenfold since ’90s
Increased capacity attributed to state-of-the-art infrastructure, innovation and planning Â
Non-oil firms, banks play key role as UAE markets remain mixed
Banks remained in the first three positions on Dubai index in terms of market capitalization
UAE to support ‘stability, development’ in Libya
Sheikh Mohamed bin Zayed Al Nahyan meets visiting chairman of the Libyan Presidential Council Mohamed Younis Al-Manfe
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
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Ethmar net profit up $114m
Business
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Invictus plans $272m expansion
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
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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%).