Economic forum in Amman to enhance trade ties between Iraq, Jordan
AMMAN, JORDAN - The Iraqi Business Council, in collaboration with the Jordanian and Amman Chambers of Industry, is set to...
Business
Ghitha Holding buys stake in MNG Airlines
The acquisition of 44% stake is valued at US$211.20 million.
Business
Korea Pavilion appoints K-pop band Stray Kids as ambassador at Expo 2020 Dubai
Stray Kids is one of the more popular K-pop bands, with 34 million social-network followers globally It recently won the...
DP World opens new container terminal at Berbera Port in Somaliland
This follows completion of the first phase of the port expansion project, which DP World has undertaken with an outlay...
Batelco revamps 5G packages for entrepreneurs, SMEs
The move is expected to enable entrepreneurs, SMES, and large corporations to experience the fastest and largest 5G network in...
Arkan Board approves $1.11b deal to acquire Emirates Steel Industries
The deal is valued at AED4.07 billion ($1.11 billion), as it will give Arkan 5.1 billion ordinary shares at a...
Compensation deal reached over Suez Canal ship
The blockage that lasted a week had disrupted global shipping Details of the deal have not yet been disclosed ...
Middle East’s oil export to India falls
In March, India had directed refiners to diversify crude supplies after the OPEC ignored New Delhi's call to ease supply...
Saudi Arabia awarded G5 status by ITU
The kingdom achieves the G5 regulator classification two years ahead of the targeted date of 2023 ITU’s G5 classification...
UAE forms Center for Genomic Discovery
Center represents a major stride for the UAE in becoming a global hub for healthcare research The Center has...
Dubai’s Hilshaw Group to help Ukraine mitigate climate change fallout
Hilshaw Group will conduct an impact study as the first phase of the process to understand and counter the effects...
UAE 15th largest FDI recipient in 2020
The emirates climbed seven places in global rankings from 2019 to 2020 The country also maintained its place as...
Economic forum in Amman to enhance trade ties between Iraq, Jordan
AMMAN, JORDAN - The Iraqi Business Council, in collaboration with the Jordanian and Amman Chambers of Industry, is set to...
Business
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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...
Business
G42 and OpenAI partner to provide UAE with AI solutions
Dubai, UAE-- G42 has announced a partnership with OpenAI to deliver cutting-edge AI solutions to the UAE and regional markets.The...
Business
World must add or replace 80 million km of grids by 2040: IEA
Paris, France-- Achieving all national climate and energy goals will require adding or replacing 80 million kilometres of power lines...
Economy
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Business
Moro Hub and DDA sign MoU to safeguard Dubai’s information assets
Dubai, UAE--Moro Hub, the digital arm of DEWA, has signed a memorandum of understanding (MoU) with Digital Dubai Authority (DDA)...
- According to the terms of the agreement, Moro Hub will extend its cyber security services to safeguard Dubai's government entities' information assets and systems
- The collaboration between Moro Hub and DDA will play a pivotal role in ensuring that Dubai remains at the forefront of secure and sustainable smart city initiatives
Business
Gulf Navigation posts profit
Its net profit rose to US$9.53m in the first nine months of 2023.
- The Dubai-based company in a statement said that operating revenue for the nine-month reached $23 million
- The company CEO said that the management was focusing on achieving sustainable returns for their shareholders
Business
Egypt sells MENA’s first ‘sustainable panda bonds’ in US$500m issue
Cairo, Egypt--Egypt has issued the first sustainable Panda bonds in the Middle East and North Africa worth $500 million with...
- Egypt's Finance Minister Mohamed Maait said the country succeeded in having a discounted pricing for the panda bonds at 3.5% annually for three years
- He said the bond issuance is guaranteed by international banks including the Asian Infrastructure Investment Bank (AIIB) and the African Development Bank (AFDB),