DAE to acquire 17 aircraft for $1 bn
This portfolio comprises 100 percent next-generation aircraft
Business
Economy
DIEZ cooperates with DP World to support career initiative Tumoohi
Dubai, UAE---Dubai Integrated Economic Zones Authority (DIEZ) will collaborate with DP World to support the Tumoohi Initiative, a training program...
- Under the agreement, DIEZ will give participants an an opportunity to gain professional and practical experience and learn about best practices and global standards.
- Participants will be able to work with DIEZ, along with companies registered in the Dubai Airport Freezone (DAFZ) and Dubai Silicon Oasis.
Economy
Saudi Crown Prince launches program to make KSA investment hub
Saudi Crown Prince, Prime Minister and Chairman of the Council for Economic and Development Affairs Prince Mohammed bin Salman bin...
- GSCRI will help enable investors to benefit from the Kingdom's resources, capabilities and support and develop these value chains.
- It will also build successful investments, which will give greater flexibility to economies, businesses and consumers around the world.
Geostrategy
Jordan to host 2022 OSCE Mediterranean Conference
AMMAN, JORDAN - Jordan will Monday host the 2022 Organization for Security and Co-operation in Europe (OSCE) Mediterranean Conference, organized...
- The two-day meeting in the Dead Sea region will bring together representatives from 57 OSCE countries and six Mediterranean countries.
- These countries will discuss advancing security and cooperation in the region through dialogue with the OSCE Mediterranean Partners for Cooperation.
Business
S. Korea, Arab nations to hold new round of FTA talks
SEOUL, S. KOREA - South Korea and a group of Arab countries will hold another round of negotiations for their...
- South Korea and the Gulf Cooperation Council (GCC) will begin the sixth round of official talks for a bilateral free trade agreement.
- Goods and services trading, country of origin, digital trade and intellectual property rights will be discussed.
Geostrategy
Saudi minister calls for road map to enhance OIC “media action”
Riyadh, Saudi Arabia— Saudi Media Minister Majid Al-Qasabi has called for developing a trust-based road map with clear mechanisms to...
- The minister was speaking at the 12th session of the Islamic Conference of Information Ministers of the Organization of Islamic Cooperation in Istanbul
- OIC Secretary-General Hissein Brahim Taha addressed the opening session of the conference, held under the theme of “Combating Disinformation and Islamophobia in the Post-Truth Era"
Business
Qatar Chamber to build trade and economic ties with Benin
Doha, Qatar— Qatar Chamber has signed an agreement with the Benin Chamber of Commerce and Industry to develop economic and...
- The agreement was signed by the First Vice-Chairman of the Qatar Chamber Mohammed bin Twar Al Kuwari and the President of the Benin Chamber Arnauld Akakpo
- The agreement also aims to expand the scope of measures to assist and facilitate the visits of mutual delegations and work to establish a framework for cooperation
Economy
GCC unveils Center for Disease Prevention and Control
Riyadh, Saudi Arabia—The GCC has unveiled the Gulf Center for Disease Prevention and Control in Riyadh to enable the prevention...
- The GCC health ministers and GCC Secretary-General Dr. Nayef Al-Hajraf were present at the event
- The ministers discussed various issues of common interest and took several decisions, including the implementation of decisions and directives of the Supreme Council
Business
‘Exhibitions important platform to market Jordanian products’
At least 11 Jordanian food processing companies took part in the SIAL Paris 2022 trade show, the Jordan Exporters Association...
- Representatives of the Jordanian companies described their participation in SIAL Paris 2022 as successful and important.
- The event helped in promoting the Kingdom's products and opening new markets for Jordanian goods.
Science
Shamma bint Sultan calls for collaboration on climate change
Executive Director of the UAE Independent Climate Change Accelerators (UICCA) Sheikha Shamma bint Sultan bin Khalifa Al Nahyan highlighted the...
- Sheikha Shamma made the comments at the keynote address at the inaugural London Climate Technology Show.
- She called for greater innovation and collaboration between nations to identify and execute solutions that would drive positive impact.
Business
ADX records 16.9% surge in FADX 15 during first three quarters of 2022
The traded values (short and long trades) on the exchange reached $177 billion compared with $134 billion during the same...
- The traded values reached $177 billion compared with $134 billion during the same period last year
- The growth was driven by a rising number of institutional and individual investors on the exchange
Most Read
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
Caspian Sea water levels hit 30-year low
Geostrategy
Ma’aden, BADC ink agreement
Business
Latest News
OFID’s US$25.5m loan to strengthen vocational education in Benin
VIENNA, AUSTRIA - The OPEC Fund for International Development (OFID) is extending a US$25.5 million loan to the Government of...
Economy
Most Read
Business
Dubai Investments acquires 7.68% more stake in Monument Bank
Dubai, UAE - Dubai Investments, the leading investment company listed on the Dubai Financial Market (DFM), acquired additional 7.68 percent...
- This increases the Group’s holding in the Bank from 9.25 to 16.93 percent, although the investment is subject to necessary regulatory approvals
- The Monument Bank is a UK Based Digital Bank regulated by the Financial Conduct Authority (UK) and the Prudential Regulation Authority
Business
UAE Islamic Treasury Sukuks auction is a tremendous success
ABU DHABI, UAE - The United Arab Emirates, represented by the Ministry of Finance (MoF) as the issuer, in collaboration...
- The fifth auction of the UAE T-Sukuks program witnessed strong demand through with bids received worth US$1.57 billion.
- The success is reflected in the market-driven prices, which was achieved by a spread of 4 to 11 bps over US Treasuries with similar maturities.
Market Report
IPOs in MENA raise US$5.8bn in first nine months of 2023
ABU DHABI, UAE - A recent report revealed that 29 initial public offerings (IPOs) were recorded in the Middle East...
- The report indicated that the MENA region witnessed six IPOs during the third quarter of this year with proceeds of US$523 million.
- The report described plans to list shares for IPO in the fourth quarter of 2023 and early 2024 as still promising.