Jordanian industrialists call for export diversification
AMMAN, JORDAN – Jordanian industrialists have emphasized the imperative of strategic planning to bolster export diversification, underlining key measures such...
Business
ahli islamic introduces Sharia-compliant Money Market Fund
MUSCAT, OMAN – As part of its investment solutions and Sharia-compliant products and services, ahli islamic, ahlibank’s Islamic banking window,...
Business
Egypt’s food inflation to get worse as economy revs up
Egypt’s inflation accelerated to a 5-month high of 4.8 percent year-on-year in May Global food import costs are expected to...
France to invest 3.8bn euros in Egypt projects
Egypt's public transport, renewable energy sectors among 9 other projects to receive investment With the billions in financing, Egypt has...
Dubai Islamic Bank donates $1.77 million of Zakat money to ERC programs
The Dubai Islamic Bank has donated Zakat money worth AED6.5 million to support the program and projects of the Emirates...
Dubai’s yachts offer socially distanced luxury
After the easing of lockdown, people feel yachts offer a secure way to travel People are hiring yachts for cruising,...
Tesla to accept bitcoin again when greener
Bitcoin are produced by powerful computers that consume huge amounts of electricity in the process Tesla has said it invested...
Algeria cancels France 24’s operating license
Authorities had given the channel a final warning on March 13, over its "coverage of Friday marches" Reporters Without Borders...
ACCA members eligible to apply for UAE Chartered Accountant tag
ACCA members can apply for UAE Chartered Accountant designation AAA and ACCA will agree to share information with technical knowledge...
Abu Dhabi most liveable city in Middle East
The Economist Intelligence Unit's Global Liveability Index ranks 140 most liveable cities in the world Abu Dhabi's top rank attributed...
Hotels in Riyadh earn best rates in three months as travelers fill up rooms
Arab News quoted the research company on Monday that Occupancy stood at 42.8% The growth is due to easing of...
Fashion e-commerce grows in UAE, Saudi
The growth in the sector is mainly attributed to the ongoing Covid-19 pandemic Ounass, a luxury online store, launched 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
Jordanian industrialists call for export diversification
AMMAN, JORDAN – Jordanian industrialists have emphasized the imperative of strategic planning to bolster export diversification, underlining key measures such...
Business
Company News
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Middle East companies moving towards cloud adoption
Adoption is driven by government initiatives, global cloud providers, and the need for agility and scalability in the region.
Business
Qatar Central Bank foreign reserves rise by 11.73% in October
Doha, Qatar - The International reserves and foreign currency liquidity of Qatar Central Bank (QCB) surged by 11.73% in October...
Bitcoin value tops $36,000 first time since May 6, 2022
Dubai, UAE - The value of bitcoin rose above $36,000 on Thursday for the first time since May 6, 2022,...
Business
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Economy
Jordan signs two deals worth $140m for water sector development
Amman, Jordan - Jordan's government has signed two deals with the German KfW Development Bank to secure a financial package...
- Jordan's Petra News Agency reported that the initial tranche of financing encompasses a $84 million soft loan
- A subsequent $56 million soft loan will spearhead a program dedicated to curtailing water losses and diminishing the rates of unbilled water
SEC reports $1.55bn Q3 profit
The company attributes the growth to surge in demand.
- Operating revenues went up to $15.19 billion, marking a 2.2% increase compared to the same period in the previous year
- The company attributed the revenue growth primarily to a surge in demand for electrical energy during the summer season
Geostrategy
18 hospitals forced to close their doors in Gaza: report
Dubai, UAE - Eighteen hospitals in the Gaza Strip were forced to end their work in the Gaza Strip amid...
- The situation in Gaza hospitals is catastrophic, particularly so in northern regions, Al-Jazeera reported
- Israel has declared a complete siege of the Gaza Strip and has been hitting it with airstrikes and also parts of Lebanon and Syria