Dubai partners with 9 developers to bolster Real Estate Program
Dubai, UAE -- The Dubai Land Department (DLD) has embarked on the first phase of a series of strategic partnerships...
Business
Business
Jordanian, Algerian businesses aim for better trade relations
The Jordanian and Algerian business community agreed to a new vision for the two countries' economic relations, aiming to open...
- The Jordanian, Algerian sides stress on the need to develop action mechanisms to overcome difficulties that mutual trade faces.
- The two sides agree to intensify meetings and exchange delegations' visits to get acquainted with available economic opportunities.
Geostrategy
Two more grain ships leave Ukraine, says Turkey
Two more ships carrying grain have left Ukraine's Chornomorsk port, Turkey's Defense Ministry said on Saturday, bringing the number of...
- Ukraine's Sea Ports Authority said three seaports had begun loading food onto seven ships which would deliver 66,500 tonnes of wheat, corn and sunflower oil.
- The Authority said Ukrainian-origin food would be delivered to France, Sudan, Turkey and the Netherlands.
Market Report
ADX tops Arab region in market value increase, says AMF
The Abu Dhabi Securities Exchange was the leading Arab financial market in terms of performance last week, as its index...
- The AMF said that the market value of Arab stock exchanges rose by 2.5 percent, equivalent to some $110.64 billion at the end of trading last week
- The market value of the 13 Arab stock exchanges listed in the AMF’s database rose to $4.58 trillion at the end of last week
Business
Asia Cup 2022 trophy unveiled in Abu Dhabi
The Asian Cricket Council’s marquee event returns after a four-year interval with the 2022 edition of the Men’s Asia Cup.
- The Asian Cricket Council’s marquee event returns after a four-year interval with the 2022 edition of the Men’s Asia Cup
- Dubai International Cricket Stadium will host nine games including the final, while Sharjah Cricket Stadium will host four games
Business
Widam Food signs $27mn pact with Egypt’s Frigo
The company, in a statement, said it exported two meat shipments to Egypt in March and July.
- The company, in a statement, said it exported two meat shipments to Egypt in March and July
- Widam Foods said that the agreement is in line with its strategy to expand its foreign trade
Geostrategy
US names seasoned diplomat as new envoy to Kuwait
The White House said that Sasahara is a career member of the Senior Foreign Service with the rank of Minister-Counselor...
- According to the White House Sasahara has been the recipient of numerous State Department performance awards, including five Senior Foreign Service Performance Awards
- She has served as Deputy Assistant Secretary of State for North Africa since November 2020
Economy
Arab Monetary Fund forecasts 4.4% GDP growth for Qatar in 2022
The fund said in a report released today that it expect inflation in Qatar will record about 4.3 percent during...
- The fund said in a report released today that it expect inflation in Qatar will record about 4.3 percent during the current year
- The report also expected that the growth rate of Arab economies would collectively about 5.4 percent in 2022
Business
QFB completes rights issue
It issued 420,000,000 shares in order to raise capital of $307m.
- Its net profit shot up 2.55 percent to $11.53 million in the first half of this year, compared to $11.23 million in the same period last year
- In 2019, the bank had reduced the capital by 65 percent from $549 million to $192 million to extinguish consolidated losses of $357 million
Economy
Qatar’s oil and gas revenues rise 67% in H1 of 2022
Data released from the Ministry of Finance showed that oil and gas revenues increased to $32 billion, compared to $19...
- Data released from the Ministry of Finance showed that oil and gas revenues increased to $32 billion, compared to $19 billion in the first half of 2021
- Total revenues achieved, during the first half of this year, reached $41 billion, with $23 billion coming in the second quarter
Business
GMC, Fix Network sign agreement
Twelve new service and collision repair centers will be set up in Saudi.
- The new partnership will launch with six collision centers and six quick service centers spread across KSA.
- The collision repair services will be known as Fix Auto Collision, while the mechanical service and repair centers will be called Fix Auto Service.
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Dubai partners with 9 developers to bolster Real Estate Program
Dubai, UAE -- The Dubai Land Department (DLD) has embarked on the first phase of a series of strategic partnerships...
Business
Company News
Latest News
SEWA, US delegation explore collaboration in innovation, sustainability
Sharjah, UAE - Abdullah Abdul Rahman Al Shamsi, Director-General of SEWA Sunday discussed the authority's initiatives to reduce emissions and...
Geostrategy
UAE, Turkish presidents discuss bilateral, economic relations in Istanbul
ISTANBUL, TURKEY - UAE President Sheikh Mohamed bin Zayed Al Nahyan arrived here on Saturday for a working visit and...
Geostrategy
SPC Free Zone to provide licenses within 45 minutes
SHARJAH, UAE - Sharjah Publishing City Free Zone (SPC Free Zone) has announced an expedited business setup process, allowing businesses...
Business
Most Read
Business
KEZAD, Tubacex to build Middle East’s first OCTG-CRA manufacturing facility
ABU DHABI, UAE - Khalifa Economic Zones Abu Dhabi – KEZAD Group on Friday announced the signing of a land...
- This would be the first such manufacturing facility in the Middle East and is expected to be operational towards the end of 2024.
- By partnering with Tubacex Group, KEZAD aims to further increase the localization and resilience of supply chains.
Business
UAE, Peru sign air services agreement to promote bilateral trade
Lima, Peru - The UAE and Peru signed an air services agreement for cooperation between the two countries and promote...
- UAE investments in Peru over the last five years exceeded US$700 million, while intra-trade reached US$4.4 billion in the same period.
- UAE official said the deal will contribute to the growth of trade exchange in a manner that supports development in both the countries.
Geostrategy
GCC, US vow to work jointly for regional stability
The strategic partnerships between the two sides seek to focus on peace, security, stability, integration, and economic prosperity in the...
- The strategic partnerships between the two sides aim at focusing mainly on peace, security, stability, integration, and economic prosperity in the Middle East.
- Beside supporting Yemeni peace efforts and humanitarian needs, the US and GCC also make a commitment to freedom of navigation and maritime security in the Gulf region.