SCCI and Oman Chamber aim to boost investment cooperation
Sharjah, UAE--The Sharjah Chamber of Commerce and Industry (SCCI) and the Oman Chamber of Commerce and Industry (OCCI) discussed ways...
Business
OPEC Fund grants US$30m loan to Uganda to build key road link
Vienna, Austria--The OPEC Fund for International Development (OFID) has granted a US$30 million loan to support the development of a...
Economy
Saudi Arabia unveils $18b plan to turn kingdom into data center hub
The government will work with the private sector, including local and international investors, to achieve the goal The kingdom is...
Saudi Arabia to generate $150 billion in investments from its new transport policy
The government would provide thirty-five percent of the investments The rest of it, sixty-five percent, will come from the private...
More Saudi men go for ‘Misyar’ marriages
Saudi clerics say the practice has proliferated since 1996, when the then grand mufti legitimized it with an Islamic edict...
UAE says it supports oil production increase in Aug
Seeks the OPEC+ decision to extend global supply pact deferred to another meeting OPEC's Joint Ministerial Monitoring Committee (JMMC) makes...
Solar panels power rebel-held Syrian areas
UNDP says at least 90 percent lack a stable power supply across Syria In rebel areas, there is little hope...
Sharjah varsity-led study points to cheaper, sturdier fuel cells for cars
A study led by the American University of Sharjah has claimed to have improved fuel cells for hydrogen-run cars that...
Seera, Kaden to launch hotels across Saudi Arabia
The result of the deal is a joint venture that will manage and set up hotels in various projects by...
Jassim Transport set for Boursa Kuwait listing
JTC is one step closer to being listed on Boursa Kuwait, the country’s stock market It said it was in...
World’s first Warner Bros. themed hotel nearly complete
The $112m hotel set to open this year in Yas Island It will be operated and managed by Hilton under...
Middle East govt entities should digitize services fast
Governments need to build necessary foundations to exchange non-sensitive public data Develop interoperable digital platforms and a broad range of...
SCCI and Oman Chamber aim to boost investment cooperation
Sharjah, UAE--The Sharjah Chamber of Commerce and Industry (SCCI) and the Oman Chamber of Commerce and Industry (OCCI) discussed ways...
Business
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Bank of China opens in Riyadh
Business
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...
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...
Geostrategy
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Business
PIF and Hyundai to set up JV vehicle-manufacturing plant in Saudi Arabia
Riyadh, Saudi Arabia--The Public Investment Fund (PIF) and Hyundai Motor Company (Hyundai) have signed a joint-venture agreement to establish an...
- The investment in the joint-venture project is expected to exceed $500 million with PIF to hold 70 percent stake and Hyundai the remaining 30 percent
- The JV project will speed up Saudi Arabia's automotive industry in addition to creating thousands of jobs and allowing for the transfer of knowledge and expertise
Business
EHS and Burjeel Hospital for Advanced Surgery sign MoU
Dubai, UAE--Emirates Health Services (EHS) and Burjeel Hospital for Advanced Surgery have signed a memorandum of understanding (MoU) to bolster...
- The MoU is designed to improve the delivery of health services in government schools in accordance with sustainable development goals in public health
- Both the sides maintained that the objective is to strengthen cooperation between the EHS and Burjeel Hospital for Advanced Surgery in healthcare and continuous development
Business
New CEO appointed in SRC
Majeed Al Abduljabbar will be the CEO from January 1, 2024.
- Al Abduljabbar has been working in the banking sector for over 15 years, including in the HSBC Bank in London.
- He also contributed to establishing the Department of Innovative Investment Solutions at SABB (now SAB).