UAE airports see 14.2% passenger traffic surge in H1
Abu Dhabi, UAE -UAE's airports experienced a 14.2 percent increase in passenger traffic, in the first half of 2024, handling...
Economy
Standard & Poor’s affirms Saudi Arabia’s ‘A/A-1’ credit rating
Riyadh, Saudi Arabia – Standard & Poor's (S&P) affirmed the Kingdom's credit rating in local and foreign currency at "A/A-1"...
Economy
Economy
UAE, Egypt, Jordan, Bahrain to announce joint industrial projects worth millions of dollars
The third meeting of the Higher Committee of the Industrial Partnership for Sustainable Economic Development will take place in Jordan's...
- The third meeting of the Higher Committee of the Industrial Partnership for Sustainable Economic Development will take place in Jordan's capital Amman
- The member states will collaborate to grow their respective industrial sectors by integrating resources and industries and leveraging competitive advantages
Business
Masdar-built solar plant in Azerbaijan to begin operations in 2023
In June 2022, Masdar announced the signing of several agreements with the Ministry of Energy of Azerbaijan to develop clean...
- The plant will help generate 0.5 billion kilowatts per hour (KW/hour) of electricity annually, sufficient to meet the needs of over 110,000 homes.
- In June 2022, Masdar announced the signing of several agreements with Azerbaijan to develop clean and renewable energy projects with 4,000MW capacity.
Business
ADNOC Gas IPO offer price range
The subscription period opens on February 23.
- The Abu Dhabi National Oil Company expects to sell 3,070,056,880 ordinary shares, representing approximately 4 percent of the Company’s issued share capital
- The subscription period for the Offering opens on February 23, and will continue until Wednesday, March 1, for the UAE Retail Offering.
Geostrategy
Japan to expand cooperation with Jordan to achieve regional stability: envoy
The envoy made these remarks during a ceremony at the Japanese embassy in Amman while celebrating Japan's national day.
- The envoy made these remarks during a ceremony at the Japanese embassy in Amman while celebrating Japan's national day
- Speaking on the Palestinian issue, he stated that Japan started providing assistance to UNRWA in 1953, even before the country became a UN member
Geostrategy
Putin signals XI to visit Moscow, Washington voices concern
Russian president said that he realized China has its own domestic political agenda and that the two countries were working...
- Russian president said that he realized China has its own domestic political agenda and that the two countries were working to sort out all related issues
- China has recently come under Western and US criticism for providing military aid to Moscow, amid Beijing's denial of these accusations
Business
EDGE to supply intelligence capabilities to the UAE armed forces in $1bn deal
Announced at the International Defence Exhibition and Conference (IDEX 2023), the contract will be executed over four years.
- Announced at the International Defence Exhibition and Conference (IDEX 2023), the contract will be executed over four years
- Launched in November 2019, EDGE converges R&D, emerging technologies and commercial market innovations with military capabilities
Business
EGA and ENEC top officials discuss UAE’s clean energy future
EGA has a strategic initiative with TAQA, Dubal Holding, and EWEC to divest its natural gas-fired power plants and instead...
- EGA has a strategic initiative with TAQA, Dubal Holding, and EWEC to divest its natural gas-fired power plants and instead source its electricity needs through the grid from EWEC
- Nuclear energy-generated electricity is particularly important for decarbonising heavy industries, which need large volumes of continuous electricity to power industrial processes
Business
Crescent Petroleum inks three contracts to develop oil, gas fields in Diyala, Basra
The agreements will deliver much needed natural gas to fuel nearby power plants, creating thousands of new jobs in Diyala...
- The agreements will deliver much needed natural gas to fuel nearby power plants, creating thousands of new jobs in Diyala and Basra
- The Gilabat-Qumar and Khashim Ahmer-Injana fields will be developed in Diyala Province and the Khider Al-Mai block in Basra province
Economy
Qatar-US trade exchange hits $9.46bn: Qatari official
Al Khater said that the total direct Qatari investments in the US amounted to about $69 billion, and that 856...
- Al Khater said that the total direct Qatari investments in the US amounted to about $69 billion, and that 856 US companies operate in the Qatari market
- He pointed out that the World Bank expected Qatari economy to grow by 3.4 percent in 2023, and highlighted the international rating agencies' positive outlook for the country
Business
DP World, Caspian Containers Company partner to help digitise international trade
The SeaRates platform will enable Caspian Containers Company customers to monitor the status and movement details of a container at...
- The SeaRates platform will enable Caspian Containers Company customers to monitor the status and movement details of a container at any point during its journey
- In addition to supporting the digitising of trade, the partnership will further strengthen ties in the two growing markets of the Greater Caspian Region and Africa
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UAE airports see 14.2% passenger traffic surge in H1
Abu Dhabi, UAE -UAE's airports experienced a 14.2 percent increase in passenger traffic, in the first half of 2024, handling...
Economy
Company News
Fertiglobe Q3 revenue of $525m
Business
Latest News
EDGE acquires 52% of ANAVIA
Business
Saudi Chemical Co announces dividend
The company will distribute $11,385,120 to its shareholders.
KPMG’s global revenue touches $36bn
The company has outlined a collective investment of $4.2b.
Business
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Geostrategy
Sheikh Hamdan approves $41m worth bonus for civilian employees of Dubai govt entities
DUBAI UAE - Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince and Chairman of The Executive Council of...
- The bonuses will be granted to eligible civilian employees based on the criteria set by the DGHR.
- The Dubai Government remains committed to acknowledging excellence and holds in high regard those who make significant contributions
Arts & Culture
10m people attend Riyadh Season 2023 events in first 50 days, says report
RIYADH, SAUDI ARABIA - According to the Riyadh Season, 10 million people took part in the activities organized in the...
- Riyadh Season 2023 started in late October, and since then, it has witnessed a large visitor turnout at all entertainment areas.
- At the Season, visitors can enjoy concerts, exhibitions, festivals and other events in which celebrities and prominent brands participate.
Ukraine says it shot down three Russian Su-34 fighters
Air force commander Mykola Oleshchuk said the Su-34 jets were downed around noon on Friday. In his announcement he noted...
- In his nightly address on Friday, President Volodymyr Zelensky thanked the soldiers who shot down the Russian fighters in the Kherson region
- The Kremlin has not commented on the Ukrainian claims but Russian war blogger Fighterbomber said there had been losses, likely due to the Patriot missile air-defence system