Deals worth $4.26 billion signed at inaugural Global Logistics Forum
Riyadh, Saudi Arabia -- More than 65 agreements and Memoranda of Understanding worth SAR 16 billion were signed at the...
Business
Central & Southern Asia and Oceania region leads the world in cryptocurrency adoption
The fifth annual Chainalysis Global Crypto Adoption Index looks at both on- and off-chain data to determine which countries are...
Economy
Business
ADNEC, MICCO sign agreement
Logistics solutions will be developed for ADNEC events.
- The agreement will focus on the development of integrated services including, shipping, transport and other logistics operations.
- MICCO Logistics, which is part of AD Ports Group’s Logistics Cluster, claims a fleet of more than 400 vehicles and specialised storage facilities.
Geostrategy
Kuwait puts off first parliament session until mid-October
Kuwait City, Kuwait— Kuwait has decided to postpone the convening of the first parliament session after elections to Oct. 18,...
- The Gulf state’s crown prince re-appointed Sheikh Ahmed Nawaf Al-Sabah as prime minister on Wednesday and later approved a new Cabinet following legislative polls
- The government has not taken the constitutional oath because of the objection of more than 40 members of parliament
Business
Saudi Arabia says it does not politicize oil or oil decisions
Seeking to debunk the impression that it was somehow behind the rise in oil prices in the US, Saudi Arabia...
- Saudi minister said the idea that Saudi Arabia would do that would do this to harm the US or to be in any way politically involved is absolutely not correct at all
- US gasoline prices rose sharply early this year due to high demand and tight global refining supplies, but began to drop after peaking in June
Economy
Sharjah tourism body to highlight AI, technology in tourism
Sharjah Commerce and Tourism Development Authority (SCTDA) has confirmed its participation at the 42nd GITEX Technology Week, to be held...
- The authority will showcase new projects and emerging prospects in Artificial Intelligence and Metaverse.
- SCDTA will highlight the innovative use of technologies and their impact on hospitality, tourism and commerce.
Business
Opportunities await Qatari investors in Kazakhstan’s Zhambyl region
Doha--- Qatar Chamber and Kazakhstan's Social-Entrepreneurial Business Corporations have discussed economic and commercial relations besides investment climate and opportunities in...
- Qatar Chamber and Kazakhstan's Social-Entrepreneurial Business Corporations discussed economic and commercial relations.
- Zhambyl Region which is considered a gateway for several international markets such as the Chinese and Russian markets.
Science
DEWA invites proposals for work on sixth phase of solar park
Dubai Electricity and Water Authority (DEWA) has invited international developers to send their Expressions of Interest (EOI) to implement the...
- The 900 MW sixth phase of the Solar Park will be implemented using photovoltaic solar panels.
- The production capacity of clean energy has reached about 12.1 percent of Dubai’s total energy mix.
Economy
‘Unit 3 of Barakah Plant linked to UAE’s transmission grid’
The Emirates Nuclear Energy Corporation (ENEC) announced that Unit 3 of the Barakah Nuclear Energy Plant has successfully been connected...
- Unit 3 will add another 1,400 megawatts of zero-carbon emission electricity capacity to the national grid.
- The nuclear sector is a vital part of the UAE’s clean energy system of multiple low-carbon technologies.
Business
OneConnect enters Abu Dhabi Global Market
Abu Dhabi, UAE - OneConnect Financial Technology launched Saturday its regional operations in Abu Dhabi Global Market, local media reports...
- The company will support fintech ecosystem and enhance digital transformation of UAE's financial services
- It unveiled digital banking solutions suite, OneCosmo, which can support the industry's open banking and open finance agenda
Business
Dubai records weeklong real estate transactions worth $1.92 billion
Dubai, UAE--- A total of 1,809 real estate transactions worth AED7.3 billion ($1.92 billion) were conducted during the week ending...
- A total of 98 plots were sold for AED975.52 million, and 1,711 apartments and villas were purchased for AED4.47 billion.
- The mortgaged properties for the week reached AED1.47 billion, while 157 properties were granted between first-degree relatives worth AED418.56 million.
Business
Dubai to unveil METADAFZ for better metaverse experience
The facility will enable clients globally to conduct meetings via a virtual platform, offering a unique and semi-realistic experience.
- The facility will enable clients globally to conduct meetings via a virtual platform, offering a unique and semi-realistic experience
- DAFZ is likely to announce the launch at GITEX 2022, to be held from October 10-14 at the Dubai World Trade Centre
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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
Deals worth $4.26 billion signed at inaugural Global Logistics Forum
Riyadh, Saudi Arabia -- More than 65 agreements and Memoranda of Understanding worth SAR 16 billion were signed at the...
Business
Company News
ECI, KazakhExport ink MoU
Business
Latest News
UAE invests $36bn in renewable energy projects in 2022, says ADDED chairman
ABU DHABI, UAE - Chairman of the Abu Dhabi Department of Economic Development (ADDED) Ahmed Jasim Al Zaabi has said...
Economy
UAE, South Korea ink MoU to enhance air transport relations
ABU DHABI, UAE - The United Arab Emirates, represented by the General Civil Aviation Authority (GCAA), has signed a Memorandum...
Geostrategy
SFD to provide US$20m loan to Central African Republic for development projects
MARRAKESH, MOROCCO - The CEO of the Saudi Fund for Development (SFD), Sultan bin Abdulrahman Al-Marshad, signed an additional US$20...
Business
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Business
Real estate trading volume in Qatar exceeds US$88m in week
DOHA, QATAR - The volume of real estate trading in sales contracts at the Department of Real Estate Registration at...
- Total sales contracts for residential units in the Real Estate Bulletin for the same period is US$19.7 million.
- A weekly bulletin shows that the list of real estate properties traded for sale included vacant lands, houses, hotel.
Business
PIF sets up Tasaru Mobility Investments
The firm will drive strategic investments and partnerships
- The company will focus on developing local supply chain capabilities for the automotive and mobility industry in Saudi Arabia.
- PIF has invested in the future of mobility, including establishing Saudi Arabia’s first national electric vehicle brand, Ceer, in partnership with Foxconn.
Arts & Culture
Red Sea International Film Festival to showcase 14 short films
Jeddah, Saudi Arabia - The Red Sea International Film Festival (RSIFF) unveiled Monday the lineup of international short films participating...
- The theme of this year's event is "Your Story, Your Festival" and will screen films by industry professionals from Asia and Africa
- 14 films will be showcased in the event by filmmakers from countries such as Singapore, Senegal, Kazakhstan and Pakistan