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
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...
DEWA water pipeline extension project worth $69.7 million is 96.4% complete
The AED256-million ($69.7 million) project by DEWA to extend water transmission by 36.6 km across Dubai is a fraction away...
69 percent firms operating in Business Bay commercial: Report
Number of businesses operating in Business Bay reach 17,893 General trade tops the list of licenses activities The number...
Aldar Properties recieve $81.67-million loan from HSBC
HSBC has sanctioned a loan of $81.67 million to Aldar Properties that has its interest linked to achievement of sustainability...
Syrian army shelling kills 9 civilians, 7 of them children
The shelling also wounded around 15 others in several locations of the Jabal al-Zawiya area The UNICEF said the attacks...
8 lakh millionaires in Middle East have $3.2 trillion wealth
Across the region, the population and wealth of HNWIs witnessed a growth of 13.2% and 17.2% The number of millionaires...
Egypt opens strategic Mediterranean naval base
Sisi and his guests witnessed military maneuvers involving several vessels, attack helicopters and fighter jets State-run newspaper Akhbar Al-Youm reported...
Bezos to exit as CEO of Amazon
Bezos, 57, was set to hand over the job of Amazon chief executive on Monday to Andy Jassy He will...
Saudi Arabia, UAE vying for hydrogen, ammonia exports
Both targeting Japan, a key oil, gas importer Both also eager to get into green hydrogen, ammonia industry Saudi...
UAE, Oman to host T20 World Cup as cricket continues to move out of India
ICC cited the effects of the second wave of Covid-19 in India for its decision The tournament will now be...
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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
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
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
Knowledge E and HBMSU sign agreement to ‘reshape future of education’
Dubai, UAE-- Hamdan Bin Mohammed Smart University (HBMSU) and Knowledge E have signed a memorandum of understanding to reshape the...
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...
Business
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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).
Business
Multiply Group profit soars
Its Q3 revenue posted a 24 percent jump to US$96 million.
- The group posted a 337 percent increase in net profit, excluding fair value changes, to $90.12 million for Q3 2023
- It acquired a 55% majority stake in Media 247, a leading UAE outdoor advertising firm, at an investment of $61.26 million
Economy
Kazakhstan aims to expand trade ties with UAE to the tune of US$1bn
Abu Dhabi, UAE--Kazakhstan is keen to expand trade ties with the UAE, setting a target of $1 billion in mutual...
- He noted how new trade roads from the Caspian Sea to Abu Dhabi and Dubai ports in the UAE can connect the region
- The minister said that Kazakhstan is committed to using its agricultural potential to address global food shortages