Business
Commercial operations begins at Al-Zour Refinery project in Kuwait
Kuwait City, Kuwait - The Kuwait Integrated Petroleum Industries Company (KIPIC) has started commercial operations of the first phase of...
- The project started last month to produce and sell primary quantities of fuel oil and supply it to local electric power stations.
- Acting CEO of KIPIC Waleed Al-Bader said the operation is important and a mainstay of the country's development plan.
Geostrategy
UAE, EU can jointly tackle challenges like climate change: Borrell
Abu Dhabi, UAE - UAE and European Union discussed ways to enhance cooperation relations in multiple issues of mutual concern...
- Sheikh Abdullah bin Zayed Al Nahyan, UAE Minister of Foreign Affairs, met with Josep Borrell, Vice-President of the EU Commission.
- The two also reviewed the latest developments on the regional and international arenas, including the Ukranian crisis.
Videos
Middle East’s sports path to boosting tourism
The Arabian Gulf countries have hosted some of the biggest sporting events during the past decade. The World Cup is...
- Doha and Riyadh have been selected to host the upcoming editions of the Asian Games---Doha in 2030 and Riyadh in 2034.
- The mountain resort of Trojene, which is being developed in Saudi Arabia's futuristic Neom city, will host the 2029 Asian Winter Games.
Geostrategy
SCC approves proposals on Council’s establishment law
SHARJAH, UAE - The Sharjah Consultative Council (SCC) approved several proposals submitted by the council's members on the Consultative Council...
- The session was chaired by Ali Mehd Al Suwaidi, Chairman of the Council
- The members discussed the proposed amendments in terms of the council's legislative and oversight role.
Science
‘UAE to reveal implementation map of Net Zero 2050 at COP27’
Minister of Climate Change and the Environment Mariam bint Mohammed Almheiri said the UAE’s participation in the 27th session of...
- A UAE minister said the COP27 focuses on financing and ensuring equitable participation of developing countries in climate action efforts.
- She said the UAE will invite the world to participate in the efforts to spread and use renewable energy.
Business
GAL signs MoU with GMF
The MoU is aimed at maintenance, repair, overhaul.
- The MoU also provides for cooperation in the field of capability development to attract domestic and international military markets.
- GAL is a UAE company engaged in aircraft Maintenance, Repair and Overhaul.
Geostrategy
‘Five including four police officers killed in Iran’
Four Iranian police officers and one "terrorist" have been killed in separate incidents in the strife-torn country, state media and...
- Iran has been rocked by over seven weeks of nationwide protests over the death of 22-year-old Kurdish Iranian woman Mahsa Amini.
- Amid the wider unrest, clashes have rocked Sistan-Baluchistan province, which borders Pakistan and Afghanistan.
Business
World Cup: Saudia to operate 780 flights to ferry fans to Doha
Riyadh, Saudi Arabia---Saudi Arabian Airlines (SAUDIA) has announced it will allocate 780 scheduled, additional and shuttle flights connecting Riyadh, Jeddah,...
- To cash in on the expected rush of fans, both UAE and Saudi Arabia have announced multiple-entry visas for fans.
- Qatar has also reopened the mothballed Doha International Airport to cater to the additional flights.
Geostrategy
COP27 summit opens as world races against climate clock
Just in the past few months, climate-induced catastrophes have killed thousands, displaced millions and cost billions in damages across the...
- The COP27 summit will focus like never before on money. Developing nations have "high expectations" for the creation of a dedicated funding facility to cover "loss and damage"
- The most conspicuous no-show will be China's Xi Jinping, whose leadership was renewed last month at a Communist Party Congress.
Geostrategy
UAE, Jordan ministers discuss global, regional issues
Jordan's Deputy Prime Minister and Minister of Foreign Affairs and Expatriates Ayman Safadi met with UAE Minister of Foreign Affairs...
- The meeting between the two ministers was held on the sidelines of the Sir Bani Yas Forum in Abu Dhabi.
- The ministers highlighted the progress on joint projects and cooperation programs adopted by UAE and Jordan.
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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
Company News
Latest News
Jordan’s jewelry, pharmaceutical exports rise in January-September 2023
AMMAN, JORDAN – The Kingdom’s exports of jewelry increased by 71.5 percent during the January-September period of 2023 and pharmaceutical...
Economy
Saudi Arabia raises US$11bn syndicated loan to fund deficit
RIYADH, SAUDI ARABIA - Saudi Arabia raised a syndicated loan of US$11 billion (SAR 41.25 billion) to fund a budget...
Business
UAE approves Dubai Metro Blue Line project
DUBAI, UAE - Vice President, Prime Minister and Ruler of Dubai Sheikh Mohammed bin Rashid Al Maktoum has approved the...
Geostrategy
Most Read
Business
Qatar posts trade balance surplus of US$16.7bn in Q3 2023
DOHA, QATAR - The merchandise trade balance of Qatar (difference between total exports and imports) recorded a surplus of US$6.7...
- In Q3 2023, Asia was the principal destination of Qatar’s exports and imports, representing 74.9 percent and 36.3 percent respectively.
- In Q3 2023, the European Union, accounting for 10.4 percent and 27.5 percent of Qatar's exports and imports respectively.
Business
8 pacts on trade, investment inked in Saudi-Algerian Business Forum
RIYADH, SAUDI ARABIA - The Saudi-Algerian Business Forum concluded its activities with the two countries signing eight agreements aiming at...
- The agreements cover trade, investment, information technology, business incubators and accelerators, tourism services, elevators, and spare parts.
- The pacts were signed by the Federation of Saudi Chambers, the Council for Algerian Economic Renewal and several Saudi and Algerian firms.
Business
Solutions+, EIH sign MoU
The pact will help in creating job opportunities in the UAE.
- The pact outlines a strategic cooperation that contributes to supporting and developing closer ties between the two companies.
- The agreement will help improve efficiency in Business Process Outsourcing, Digital Management and Facility Management.