Bahrain to host ‘smart cities summit 2024’ in March
Manama, Bahrain--Bahrain will hold the seventh edition of the "Bahrain Smart Cities Summit 2024" from March 5 to 6 under...
Economy
UAE real GDP to grow 5.3 percent in 2024: S&P Global
Abu Dhabi, UAE-- The UAE's real GDP will grow 5.3 percent in 2024, compared to 3.4 percent in 2023, according...
Economy
Schneider Electric partners with Hewlett Packard in Egypt
The new alliance enables Schneider Electric to foray into new markets, sectors The alliance targets corporations and professionals in system...
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...
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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
Bahrain to host ‘smart cities summit 2024’ in March
Manama, Bahrain--Bahrain will hold the seventh edition of the "Bahrain Smart Cities Summit 2024" from March 5 to 6 under...
Economy
Company News
Bank of China opens in Riyadh
Business
Latest News
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...
Business
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Economy
UAE president and Vietnam PM explore ways to boost ties
Riyadh, Saudi Arabia-- UAE President Sheikh Mohamed bin Zayed and Vietnamese Prime Minister Pham Minh Chinh have explored opportunities to...
- They looked at ways to boost ties to serve mutual interests and realise the aspirations for further development and prosperity
- The two leaders met on the sidelines of the joint summit between the GCC and ASEAN, which commenced in Riyadh, Saudi Arabia
Business
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.