Al Mal Capital REIT to launch rights issue
The fund has an existing portfolio valued at US$158m.
Business
Arab countries public expenditure climbs to US$957.5bn in 2022: AMF
Abu Dhabi, UAE--The total public expenditure of Arab countries combined jumped by 9.8% to $957.5 billion in 2022, compared to...
Economy
Dubai Customs, DP World to launch automation at Jebel Ali Port
The new system will speed up the refund process as customers can now submit refund claims immediately after loading vessels’...
Mohammed bin Rashid confirms board and advisory council of Dubai International Chamber
It is part of a recent government restructuring to drive a comprehensive economic development in Dubai It also...
Mohammed bin Rashid sets up Dubai Academic Health Corporation
The new set-up will advance health services in Dubai through a new academic system It will integrate healthcare, medical education,...
Sisi talks tough with Ethiopia, warns Egypt’s water share is a ‘red line’
Egypt fears that plans to fill the Grand Renaissance Dam will allow Ethiopia to control the flow...
Partial lockdown in Abu Dhabi on July 19 to carry out sanitation program
The lockdown will come into effect at midnight and will go on until 5 am The movement of traffic and...
Saudi Arabia to remain stable as oil prices boost economy: Fitch
Thanks to a boost it received from higher oil prices, Fitch has revised its outlook for Saudi Arabia from negative...
Official reiterates Saudi resolve to protect rights after meeting US, EU envoys
Saudi Arabia's Human Rights Commission (HRC) chief Awwad bin Saleh Al-Awwad in a meeting with US and EU diplomats has...
High cost of food, fuel lifts inflation in Saudi Arabia to 6.2%
Accelerated mostly by the cost of food and fuel, inflation in Saudi Arabia has surged to 6.2 percent in June,...
Saudi Arabia to allow only 60,000 pilgrims from kingdom to perform Hajj
More than two million people converge from around the world to perform the Hajj It will be for the second...
Saudi Arabia vows to defend Yemen’s “security and stability”
The kingdom backs efforts to reach a comprehensive political solution to end the crisis in the war-scarred country It reiterated...
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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
Al Mal Capital REIT to launch rights issue
The fund has an existing portfolio valued at US$158m.
Business
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UAE hosts seventh edition of Interpol’s strategic dialogue
Abu Dhabi, UAE--The UAE's Ministry of Interior and the Gulf Police Service hosted the seventh edition of the strategic dialogue...
Geostrategy
Iran and Saudi ties effective in solving regional issues: Raisi
Tehran, Iran--Iran's President Ebrahim Raisi believes the expansion of ties between Tehran and Riyadh will be effective in strengthening regional...
Geostrategy
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Business
NMDC posts bumper profits
Its revenues for the first nine months stood at US$3bn.
- The company's net profits increased 115 percent to $411 million in the first nine months of 2023
- It attributed growth in revenues and net profits to progress of the major projects underway
Geostrategy
Treaty on strategic partnership between Russia and Iran 85% ready: Lavrov
Tehran, Iran--A treaty on comprehensive strategic partnership between Russia and Iran is about 85 percent ready, Russian Foreign Minister Sergey...
- Lavrov said the work on the treaty is at an advanced stage with several issues yet to be agreed upon, and that negotiations are going on
- Iran hosted the meeting on the South Caucasus in Tehran, attended by foreign ministers of Russia, Turkey, Azerbaijan, Iran, and Armenia
Geostrategy
UAE and Canada review bilateral ties at first joint-committee meeting
Abu Dhabi, UAE-- The UAE and Canada have reviewed bilateral ties at the first joint committee meeting in Abu Dhabi...
- Both sides highlighted the importance of the inaugural joint committee meeting for ramping up collaboration between the two countries to achieve shared goals
- The two sides discussed cooperation across a range of fields, including defense and security, climate change, food security, trade and investment, innovation, and education