UK’s Labor Party wins enough seats to form majority government
The Labor Party has officially won enough seats in the UK’s 2024 general election to have a majority in parliament,...
Economy
Exhibition of art and poetry in Dubai celebrates women
Featuring the work of international women artists, "La Belleza" celebrates the deep connection between art and poetry.
Arts & Culture
Business
Tibbiyah suffers H1 loss of $6m
The Saudi health provider's revenue slumped to $58.54m.
- Tibbiyah said the poor financial performance was due to disruptions in the global supply chain, resulting in sales delays
- The company believes its full-year performance will be better, supported by a typically stronger second half and the investments it has made in 'internal capabilities'
Economy
Ruwad supports 957 projects totalling $9 million
Sharjah acquired 67 percent of the new projects, while eastern region got 21 percent and the central region 12 percent
- Sharjah acquired 67 percent of the new projects, while eastern region got 21 percent and the central region 12 percent
- SMEs are a key player in the UAE's future development plans and a main pillar of its recovery efforts
Business
Women take lead in UAE, invest $9.42bn in 8 months at ADX
Some $9.42 billion have been invested in the financial markets by Emirati women during the last eight months of the...
- It represents a 74.7 percent growth over the corresponding period last year, when their trading value was around $5.39 billion
- Owning $1.06 billion of shares at ADX, there are 219,000 Emirati women investing at ADX until mid-August 2022
Business
Ancient Iranian rug tradition gets makeover as sales sink
Changing tastes and increased competition from Asia have forced some in the trade to redesign and resize a tradition dating...
- Rugs traditionally woven in the Islamic republic are known for dense, curving floral designs in rich colours
- Their beauty and quality have long been recognised worldwide, yet sales have collapsed over the past 30 years
Economy
Saudi central bank’s assets climb to $535 billion in July
For the first time in more than five years, assets of Saudi Arabia's central bank have shot up to $535...
- This translates to a month-on-month growth of 1 percent from the $528 billion in June
- The central bank’s net foreign assets fell by $2.48 billion during July to $445 billion
Economy
Jordan approves 33 articles of new investment law so far
The Lower House held an evening session on Sunday, chaired by Speaker Abdul Karim Dughmi.
- The Lower House held an evening session on Sunday, chaired by Speaker Abdul Karim Dughmi
- The drafty law has 52 articles, as referred to by the House Economy and Investment Committee
Business
NBK Bahrain H1 net profit $145m
The profit in the same period last year was $159m
- As of end of June 2022, NBK-Bahrain’s total assets stood at BHD 7.05 billion compared with BHD 7.13 billion for the same period in 2021.
- customer deposits increased by 68 percent y-o-y to BHD 3.080 billion compared with BHD 1.829 billion for the same period of previous year.
Arts & Culture
Dubai to host international museums conference in 2025
Dubai has officially begun its journey as the host of the 27th International Council of Museums (ICOM) General Conference 2025...
- Dubai’s hosting of the largest international gathering for museums in 2025 is set to strengthen the city’s position as a hub for creativity.
- Chairperson of Dubai Culture and Arts Authority (Dubai Culture) said the global platform is an opportunity to discuss the future of museums.
Videos
Top tourist destinations in Dubai
Dubai tourism recovered fast after the easing of Covid-19 restrictions, registering a 203 percent increase in the number of visitors...
- The increased flow of tourists helped improve hotel occupancy across the emirate, which reached 76 per cent during the period, the highest globally in Q1.
- Dubai was rated the third safest city to travel for solo female travelers.
Business
Saudi hosts preparatory meet for ITU’s conference in Bucharest
International delegates are meeting in Riyadh from August 28-31 to discuss the future of global digital communications ahead of International...
- The meet is hosted by Saudi Arabia’s digital regulator, the Communications & Information Technology Commission.
- Saudi Arabia is positioned to act as a convenor and mediator between the Arab world and the ITU’s 193 members to forge the best global digital policies.
UK’s Labor Party wins enough seats to form majority government
The Labor Party has officially won enough seats in the UK’s 2024 general election to have a majority in parliament,...
Economy
Company News
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MBRGI joins UAE delegation, takes part in UN forum on sustainable development goals
DUBAI, UAE - Mohammed bin Rashid Al Maktoum Global Initiatives (MBRGI) joined the UAE delegation to the United Nations High-Level...
Geostrategy
UAE banking sector is resilient, says CBUAE in its report
ABU DHABI, UAE - The Central Bank of the UAE (CBUAE) on Friday issued its Financial Stability Report for 2022....
Economy
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Business
DEWA given Net-Zero statement of verification for work on climate change
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) has received the net-zero statement of verification and assurance certificate in...
- This followed a comprehensive assessment conducted by W3 Solutionz - US based on the International Workshop Agreement Guidelines IWA 42:2022.
- The Net Zero Guidelines were commissioned by Our 2050 World, a global collaboration to accelerate action towards net zero through standards.
Business
IDB inks pact with IRENA
IDB will fund renewable projects by joining ETAF platform.
- The IDB plans to co-finance renewable energy projects and energy transition technologies worth US$100 million in Latin America and the Caribbean.
- By leveraging its global reach and energy transition knowledge, IRENA is actively developing a pipeline of energy transition projects .
Business
DEWA, Huawei ink deal to bolster digital change, decarbonization
Guangdong, China - A DEWA delegation led by Al Tayer, MD and CEO DEWA, discussed enhancing cooperation and exchanging experiences...
- An agreement was signed between Digital DEWA and Huawei which focuses on accelerating digital transformation.
- The deal is a step towards supporting supports DEWA's efforts in energy transformation, sustainability, and achieving Net-Zero.