ATO partners with ISM to boost tourism in the Middle East
Jeddah, UAE--The Arab Tourism Organization (ATO) has signed a partnership agreement with the International Strategic Management (ISM) company to achieve...
Business
Business
Agthia posts 14% profit jump
The company reported a profit of $67.25m for the last fiscal.
- Its net revenue increased 33 percent to $1.09 billion, with growth of 97 percent on a two-year basis
- The company's total assets stood at $1.85 billion by end-2022, with total shareholders’ equity of $762 million
Science
UAE to showcase advance in organ transplant at Arab Health 2023
Dubai, UAE--The Ministry of Health and Prevention (MoHAP), the Department of Health-Abu Dhabi (DoH) and the Dubai Health Authority (DHA),...
- The UAE health authorities will take part in the 48th edition of the exhibition under a unified national platform called "Emirates Health
- The National Program was designed to support the country's goal of becoming a regional and global leader in organ and tissue transplantation
Business
Muscat Stock Exchange joins Tabadul network of ADX and BHB
Abu Dhabi, UAE--The Abu Dhabi Securities Exchange (ADX) and Bahrain Bourse (BHB) announced today that Muscat Stock Exchange (MSX) has...
- Now MSX’s listed securities, along with those of ADX and BHB, are available for digital trading
- Last Year ADX and MSX signed a Memorandum of Understanding (MoU) strengthening bilateral collaboration in areas related to exchange of expertise, information, and advisory services
Business
Dubai International Financial Centre launches ‘metaverse platform’
Dubai, UAE--Dubai International Financial Centre (DIFC) unveiled the “DIFC Metaverse Platform” to attract technology innovators from around the world.The platform...
- It is part of a strategy being developed by Dubai International Financial Centr to accelerate Dubai’s status as a global metaverse leader
- The platform is commensurate with the Dubai Metaverse Strategy, which aims to add US$4 billion to Dubai's GDP, support 40,000 virtual jobs by 2030 and attract 1,000 companies
Economy
More than 2,000 contestants to take part in Spinneys Dubai 92 Cycle Challenge
Dubai, UAE-- Over 2,000 cyclists from the UAE and overseas are expected to participate in the 13th edition of the...
- The cycling event will be organized on 19th February 2023 with the support of the Dubai Sports Council and the UAE Cycling Federation
- The Spinneys Dubai 92 Cycling Challenge comprises an outrider race for amateurs with a short distance of 40 km
Economy
European Union provides US$70m in financing to Jordan
Amman, Jordan-- The European Union (EU) has signed two agreements with Jordan to provide it with a $70 million in...
- Jordan's Minister of Planning Zeina Toukan said these grants come at an important time to support the development and reform efforts in Jordan
- The EU’s "Food and Resilience Facility" aims to support specific interventions designed according to the domestic context and needs
Economy
UAE unveils ‘Emirates Health’ at medical conference in Dubai
Dubai, UAE--The UAE has launched several innovative health projects in the 48th edition of Arab Health 2023, which began today...
- The three entities have jointly developed projects on display as part of a unique national initiative to provide curative and digital health services
- During the four-day event at the Dubai World Trade Centre, the Emirates Health Platform will witness the launch of an innovative health services package
Economy
Jordan and Arab League discuss ways to boost communication ties
Amman, Jordan-- Jordan and the Arab League have discussed ways to deepen coordination on communications. Minister of Government Communication Faisal...
- Faisal Shboul of Jordan noted the "importance" of cooperation between Jordan and the Arab League regarding strengthening and developing the joint Arab media framework
- Ahmed Khattabi of the Arab League praised Jordan's hosting of Arab media forums and meetings through coordination and consultation with the media and communication sector
Business
Abu Dhabi stock exchange expects boom in listings in 2023
Abu Dhabi, UAE-- The Chairman of the Abu Dhabi Securities Exchange Hisham Khalid Malak expects an increase in listings on...
- Last year the stock exchange featured five initial public offerings and two dual listings, as well as listings for six exchange-traded funds and one blank-cheque company
- The chairman said the global picture is "starting to look better than expected, with a soft landing now forecast in the United States"
Economy
Tourism in Iraq can be a success, says First Deputy Speaker of Parliament
BAGHDAD, IRAQ - First Deputy Speaker of Parliament Mohsen Al-Mandalawi said that the tourism sector in Iraq has all the...
- Tourism in Iraq can be successful, says First Deputy Speaker of Parliament.
- The First Deputy Speaker met with the Association of Travel and Tourism Companies in Iraq.
Company News
Adnoc Gas awards contract
Business
Latest News
Egypt annual core inflation falls 1.6 percent in October
Dubai, UAE--Egypt's annual core inflation rate decelerated by 1.6 percent in October, recording 38.1 percent, down from 39.7 percent in...
Economy
GCC keen to strengthen economic cooperation with Turkey: Albudaiwi
Istanbul, Turkey-- The Gulf Cooperation Council (GCC) is keen to enhance economic cooperation with Turkey, according to its Secretary General...
Economy
Turkey halts joint-energy projects with Israel over Gaza war
Dubai, UAE-- Turkey has suspended joint-energy projects with Israel over the latter's invasion and bombardment of the Gaza Strip, according...
Geostrategy
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Geostrategy
France rallies for Gaza, demanding ceasefire
Pleading for an end to Israel's war on the Gaza Strip, thousands of pro-Palestine supporters took to streets in Paris...
- Similar ceasefire rallies also took place in other French towns including Marseille, Toulouse, Rennes and Bordeaux
- Manuel Bompard, one of the coordinators in Marseille, said the mobilization is essential in the face of massacres
Economy
UAE exhorts UNESCO members to join COP28 ‘climate efforts’
Paris, France-- The UAE has made a fervent appeal to members of the United Nations Educational, Scientific and Cultural Organization...
- The minister made the remarks at the 42nd session of the General Conference of UNESCO General Policy Debate, held in the UNESCO headquarters in Paris
- He underscored the UAE's efforts in the field of environmental sustainability and its keenness to enable learners and equip them for the “digital age we live in”
Business
Qatar records 17-percent jump in building permits issued in October
Doha, Qatar--Qatar's Planning and Statistics Authority has given out 769 building permits in various municipalities in the country during the...
- The jump was seen in the majority of municipalities: Umm Salal (105%), Al Khor (47%), Al Shamal (30%), Al Sheehaniya (22%), Al Thakhira (21%), Al Wakra (20%), Doha (3%)
- Data on building permits and completion certificates holds special significance as an indicative measure of the performance of the construction and building sector