Iran becomes world’s ninth biggest steel producer, says WSA
TEHRAN, IRAN – The Middle Eastern country has improved its global standing in steel production, becoming the ninth largest producer...
Economy
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
Business
Commercial Bank International launches virtual location in Metaverse
CBI is the first-ever bank in the UAE and the Middle East region to have a location in the Metaverse.
- CBI is the first-ever bank in the UAE and the Middle East region to have a location in the Metaverse
- Metaverse is a virtual world, where people can interact, explore, and access services as digital avatars of themselves
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
Iran becomes world’s ninth biggest steel producer, says WSA
TEHRAN, IRAN – The Middle Eastern country has improved its global standing in steel production, becoming the ninth largest producer...
Economy
Company News
Latest News
Khalifa Fund announces winner of CEO Program
ABU DHABI, UAE - Khalifa Fund for Enterprise Development, in partnership with the Abu Dhabi Department of Economic Development (ADDED)...
Economy
RAKEZ supports F&B industry investors to set up, expand in UAE
RAS AL KHAIMAH, UAE - Ras Al Khaimah Economic Zone (RAKEZ) is participating in the Gulfood exhibition to showcase its...
Business
Amwaj merges with Shaqab, Atyab
Qatar-based Gulf International Service has successfully accomplished the merger.
Business
Most Read
Business
CBUAE unveils FIT program to promote digital transactions
Dubai, UAE---The Central Bank of UAE Sunday launched Financial Infrastructure Transformation Program (FIT program) to accelerate the digital transformation in...
- In a statement, the bank said the FIT is a step towards enabling the CBUAE to be among the top central banks globally.
- As part of the FIT Program, the CBUAE will strengthen its digital leadership by adopting advanced supervisory technologies and data management solutions.
Business
International Defense Conference 2023 to begin in Abu Dhabi
Abu Dhabi, UAE - The International Defense Conference 2023 will be held on 19th February at the ADNOC Business Centre...
- The event will shed light on the rapid development of artificial intelligence and advanced technologies.
- The previous edition of IDC was held in 2021, brought together 24 international experts, over 400 on-ground participants.
Geostrategy
UAE and Japan to boost collaboration in skill development
The two sides reaffirmed their keenness to advance bilateral cooperation in the fields of human resources and skill development.
- The two sides reaffirmed their keenness to advance bilateral cooperation in the fields of human resources.
- The meeting also reviewed the legislation and procedures regulating the UAE labor market.