Business
Ataa acquires Saudi firm Naba’a
The acquisition made through Ataa subsidiary.
- The financial impact will be visible on the financial results for the year ending on July 31, 2022.
- In January 2021, Ataa inked a partnership agreement to acquire 52 percent of Riyadh-based Al Wasat National Schools for Training and Education Company.
Business
Salama Coop Insurance to cut capital
The company’s shares will also reduce from 25 million to 10 million.
- Salama Cooperative Insurance Company's capital will stand at SAR 100 million
- The Saudi company’s shares will now reduce from 25 million to 10 million.
Business
UAE applauds grain export deal between Russia and Ukraine
The UAE has welcomed the agreement reached between Russia and Ukraine on the export of grain, and has applauded the...
- The Ministry of Foreign Affairs and International Cooperation reaffirmed that the agreement is a positive step that will contribute to enhancing global food security
- The UAE President Sheikh Mohamed bin Zayed Al Nahyan today made a phone call to the President of the Republic of Turkey, Recep Tayyip Erdogan
Business
EITC posts 26% jump in profit
The net profit rose to $82.5 million for the second quarter.
- The company's mobile customer base grew 13.0% to 7.4 million subscribers
- It ended the quarter with 6.1 million prepaid customers
Business
Al Dhaid Date Festival supports farmers to improve output
The four-day event is organized by the Sharjah Chamber of Commerce and Industry (SCCI).
- The positive changes in the 2022 edition resulted in increased competitiveness among palm owners and farmers.
- It has attracted hundreds of participants, in addition to impressive turnout of visitors from all over the country.
Economy
Dubai’s labor body to expand schemes for welfare of workers
The Permanent Committee for Labor Affairs has reiterated its commitment to collaborate with private and social organizations to consolidate the...
- The Permanent Committee for Labor Affairs said it will collaborate with private, social organizations for progressive labor policies in Dubai
- PCLA said it pursues workplace campaigns and community initiatives to improve workers’ standard of living and working
Business
Saudi Arabia inks several deals at Farnborough airshow
The General Authority for Military Industries led and organized the Saudi pavilion under the slogan "Invest in Saudi."
- The national company for defense industries in the kingdom, SAMI, inked a deal with Airbus Helicopters Arabia.
- The deal will help SAMI build its technical capabilities to provide technical support for helicopters for Saudi forces.
Arts & Culture
Al-Ula: World’s largest open air museum
The Saudi region is rich in history that has been shaped by successive civilizations spanning more than 200,000 years.
- Al-Ula was known before Islam as “Dadan” as mentioned in the Assyrian and ancient Arab books, as well as as “Valley of Villages".
- But its name was associated with the legacy of the civilization of the Nabataeans, Dadanites and Lihyans.
Geostrategy
ISESCO and WHO discuss ways to enhance bilateral cooperation
A delegation from the Islamic World Educational, Scientific and Cultural Organization (ISESCO) discussed with the Director-General of the World Health...
- A delegation of from ISESCO met Director-General of the World Health Organization, Dr. Tedros Adhanom Ghebreyesus, in Geneva.
- They also agreed to enhance the implementation of the terms of the MoU signed between the two organizations.
Business
Saudi construction contracts jump to $12.3 billion in Q1
Saudi Arabia has seen a staggering increase in the award of construction contracts to the tune of $12.3 billion in...
- According to a US Saudi Business Council index which tracks spending in the sector, the kingdom has bounced back strongly after the sharp drop of 2020
- The leading sector in awarded contracts yet again was oil and gas, totaling SR15.1 billion worth of contracts in the first quarter of this year
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
Latest News
UAE launches ‘Tax Support’ program to promote compliance with laws
Dubai, UAE - UAE's Federal Tax Authority (FTA) started the ‘Tax Support’ initiative to raise tax awareness among UAE’s business...
Business
DEWA’s virtual employee ‘Rammas’ responds to over 6.8mn enquiries since 2017
DUBAI, UAE - Dubai Electricity and Water Authority’s ( ) virtual employee ‘Rammas’, which uses Artificial Intelligence (AI), answered over...
Business
MoU signed to establish Arab Digital Foodstuff Market
Abu Dhabi, UAE - As part of the pan-Arab efforts to implement the joint Arab digital economy vision, launched by...
Business
Most Read
Business
DEWA launches plan for fast approval of electricity connections
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) launched the 'OWNEK' awareness initiative to help its accredited contractors and...
- The OWNEK initiative will save the contractors and consultants time and effort and speed up the workflow.
- The initiative includes a series of awareness sessions and detailed videos in Arabic and English.
Geostrategy
Iraq finalizes fresh air deals with Gulf countries
BAGHDAD, IRAQ - The Civil Aviation Authority announced the work to conclude new air agreements with the Gulf states. A spokesman...
- A spokesman for the Civil Aviation Authority said We have agreements with all Gulf countries and all Gulf national carriers that land in Iraqi airports
- He added that in the future, there may be air agreements with Kuwait as well.
Business
15 top panels to discuss defense advancements in IDEX, NAVDEX 2023
ABU DHABI, UAE - IDEX and NAVDEX 2023 exhibitions, to be held from February 20-23 in Abu Dhabi, will host...
- The panels will feature prominent leaders and decision makers from around the world
- The panels are an ideal platform for facilitating discussions about relevant focus areas in the defense and naval defense sectors