Qatar and Egypt discuss ways to boost economic, trade ties
Doha, Qatar-- Qatar and Egypt are looking to boost trade and economic ties between the two countries, besides exploring ways...
Business
US, Ireland, UK request UN Security Council meeting on Tigray: diplomats
The meeting could be held on Friday Since the war began in November, the West has yet to succeed in...
Saudi Arabia intensifies crackdown on residency, labor violators
274,849 rulings issued, nearly 5.7 million violators arrested Passport authorities call on citizens and migrants to stop employing or sheltering...
OPEC meet on Thursday likely to agree on raising production
Russia is expected to favor increasing output Most investors are currently expecting a modest rise of some 500,000 bpd over...
Saudi healthcare distributor Tamer Group acquires Mumzworld
Tamer Group calls acquisition step towards its digital plan aimed at contributing to Saudi Vision 2030 Mumzworld Founders Mona Ataya...
MENA facing new financial risk challenges due to pandemic: Refinitiv report
25 percent say that a data breach poses the most significant risk to business operations Refinitiv expert says deploying advanced...
Abu Dhabi to allow vaccinated people in some public places from August 20
The first phase of this allowance will include shopping centers, restaurants, cafes, and all retail outlets, but not supermarkets and...
Israel’s Lapid begins ‘historic’ UAE trip
Yair Lapid is the first ever Israeli minister to officially visit the UAE Since the normalization accord with the UAE...
Hotel revenue rises more than 200 percent in Middle East
Data from HotStats shows hotel industry is seeing a rebound in the region The Middle East has now had 10...
Dubai’s Emaar may raise $500 million via Islamic bonds
The builder of the world's tallest building, Dubai's Burj Khalifa, last issued international bonds in 2019, raising $500mln via sukuk...
Iraq, Egypt, Jordan to boost security, economic ties
The visits by Egypt's president and Jordan's king came as Iraq seeks to move closer to Arab allies of the...
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Meeza, QNBFS sign agreement
Business
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...
Economy
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Palms Sports posts Q3 profit
Its revenues rose 77% to US$92m in the same period.
- The company's revenue from contracts climbed 77% in Q3, surging from $58.43 million to $92 million
- Its CEO and MD Fouad Darwish said they expect Q4 to "a healthy growth year for Palms Sports"
Business
ACWA Power signs deals
It entered into seven solar, hydrogen agreements in China.
- It signed the agreements, in solar energy, green hydrogen and water desalination, with Chinese firms during the third Belt and Road Forum held in Beijing
- Chairman of ACWA Power said the agreements further advance the company's common interest of developing projects that support positive climate ambitions.
Business
Bahrain EDB attracts $295m in IT sector as part of total investments worth $1.4bn
Manama, Bahrain--Bahrain Economic Development Board (Bahrain EDB) has attracted $295 million in direct investments within the Information and Communications Technology...
- The direct investments from 14 local and international projects for the ICT sector are expected to generate over 1,600 jobs within three years
- A top EDB executive said the growth of the ICT sector is a priority for Bahrain and remains a contributor to the diversification of the national economy