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
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...
After Gaza war, lawyer builds Palestinian case files
The 66-year-old lawyer has already filed dozens of cases with The Hague-based court since 2015 The cases represent Palestinian victims...
Realsmart launches blockchain-enabled real estate platform
Platform enables investors to buy security tokenized shares in world-class real estate on the blockchain It makes safe, fast, and...
HUAWEI Ads, ArabyAds partner to rejig on-device mobile advertising
The new collaboration allows ArabyAds to lead on advertising sales and optimisation of the inventory options available on Huawei Mobile...
Batelco revamps 5G packages for businesses
The enhanced packages, the company said, "deliver speeds 6 times faster than 4G" Batelco is also providing a 5G outdoor...
Saudi Arabia may build a new airport in pursuit of tourism goals
New airport would serve as base for new airline planned by country’s sovereign wealth fund Kingdom’s goal is to attract...
Beirut most expensive city for expats Middle East: Mercer
Cost of living fell in most Gulf cities in 2021; Riyadh most expensive Gulf city Abu Dhabi and Dubai...
Jingle Pay first money service business with Shariah certification
The product has Shariyah Review Bureau certification Customers can opt for a fee-free Islamic account or a conventional one ...
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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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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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.
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