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
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...
POSist sees growth rebounding in the Gulf in 2021
Pent-up demand may lead to vigorous recovery in Gulf travel, tourism, hospitality sectors in the second half of 2021...
Non-performing loans ratio for GCC banks up by 0.4%: KPMG report
Report provides banking industry leaders with analysis along with insights and forward-looking views Cost and operational efficiencies expected to...
Emirates Post advises customers to transact through its official app or website for payments
The reminder comes as part of its ongoing efforts to protect customers from accessing unauthorized payment gateways Emirates Post...
Dynabook Europe GmbH signs distribution deal with PC DealNet
PC DealNet to distribute B2B mobile computing products and services in UAE, Qatar, Bahrain, Oman, Kuwait, Lebanon and Jordan Formed...
Dubai to adopt WELL Health-Safety Ratings for buildings that are JOPs
DLD, through RERA, has reached an agreement on this with the International WELL Building Institute The rating system includes...
Dubai repays $500-million government bond certificates with interest
The government said the Fixed Rate Note was issued on June 22 in 2011, and reached maturity on the same...
DubaiNow app adds two more health services from DHA
The services will help people get Premarital Certificates and generating a Medical Record Number The DubaiNow app already provides users...
Abu Dhabi announces resumption of cruise liners
In 2019, 500,000 cruise visitors arrived in the Emirate’s ports, a 46% percent increase compared to 2018 Abu Dhabi...
Creation of North American camel association will help the sector: ICO
Number of camel ranches has grown in North America in recent years International Camel Organization founder had campaigned for...
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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
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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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
Masdar City and Huawei sign MoU to power UAE’s transition to net zero
Dubai, UAE--Masdar City and Huawei have signed a memorandum of understanding (MoU) to enable the UAE to power its way...
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)...
Business
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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),
Economy
Global CEOs rank political uncertainty as biggest risk to business
Dubai, UAE-- CEOs from around the world consider geopolitics and political uncertainty as the greatest risk to the growth of...
- The findings of the survey undertaken by KPMG noted that CEOs worried about the effect of political uncertainty on business growth
- The top-notch executives recognize AI’s seemingly limitless potential and are keeping their foot on the gas in terms of their investment
Business
Nakilat profit jumps 4.8%
The company's profit swelled to US$327 million in Q3 of 2023.
- Its earnings per share (EPS) amounted to QR 0.21 as of Sep. 30, 2023, versus EPS of QR 0.20 for the same period in 2022
- The company, in March, obtained approval to raise the ceiling for non-Qatari ownership in the company's capital to 100%