Saudi Arabia’s oil exports fall by $13 billion in fourth quarter of 2023
In December, oil exports fell by SAR 13.5 billion or 15.8% to SAR 72 billion ($19 billion) from SAR 85.5...
Business
‘Israeli army tortures and rapes Palestinian girls’
The experts have expressed concern that an unknown number of Palestinian women and children, including girls, have reportedly gone missing...
Geostrategy
Geostrategy
Saudi citizens’ US visitor visas validity raised to 10 years
The United States Mission to Saudi Arabia has announced that Saudi citizens visitor visas (B1/B2) validity has been increased from...
- The visitor visas (B1/B2) validity has been increased from five to 10 years and will be applicable from August 1, 2022
- The decision on the visas has been taken in cooperation with the Saudi government on a reciprocal basis
Geostrategy
GCC nationals can now visit Bahrain with just ID cards
Bahrain will permit nationals of the Gulf Cooperation Council to enter into the kingdom with just an identity card or...
- The move follows the decision of GCC countries to resume the procedure of allowing ID cards as a travel document
- This decision is in line with the facilities provided for GCC nationals in order to ease travel procedures for them and ensure their interests and those of their families
Economy
Saudi inflation inches up to 2.3%, driven by high food prices
Inflation in Saudi Arabia jumped to 2.3 percent, in June, from 2.2 percent in May, driven by a rise in...
- While the annual growth in the transport index slowed to 2.47 percent in June from 4.05 percent in May, the growth rate in the housing and utilities group doubled to 1.02 percent
- The food and beverages category’s contribution to headline inflation changed less in June compared to May at around 36 percent
Geostrategy
Biden vows to defend KSA, halt Iran’s nuclear bid
A joint communiqué, issued after US president's meetings with King Salman and Crown Prince Mohammed bin Salman, outlines the strategic...
- The two countries reaffirmed their commitment to a stable global energy market, particularly in light of the current crisis in Ukraine and its consequences
- Regarding the ongoing war in Ukraine, the two sides underscored the need for maintaining a rules-based international order
Business
Saudi Arabia, US sign 18 agreements in key sectors
The agreements -- covering space, investment, energy, communications and health -- aim to strengthen bilateral relations between the two countries.
- The agreements -- covering space, investment, energy, communications and health -- aim to strengthen bilateral relations between the two countries.
- The deals include 13 agreements made with the Ministry of Investment, the Royal Commission for Jubail and Yanbu and numerous private sector firms
Business
Dubai records weeklong real estate transactions worth $1.49 billion
A total of 1,614 transactions were recorded, including 186 plots that were sold for AED 594.72 million and 1,004 apartments...
- Al Hebiah Fifth recorded the most transactions for this week by 105 sales transactions worth AED 262.43 million.
- A total of 80 properties were granted between first-degree relatives worth AED 479 million.
Geostrategy
Jordan’s minister holds series of meetings with UN officials
Jordan's Minister of Planning and International Cooperation Nasser Shraideh held a series of meetings at the High Level Political Forum...
- The Jordanian minister met with several senior UN officials and presented the country's 2nd Voluntary National Review
- The minister briefed the UN officials on social and economic challenges facing the Kingdom
Economy
Chairman, CEO of Expo City Dubai Authority appointed
Vice President and Prime Minister of the UAE Sheikh Mohammed bin Rashid Al Maktoum, in his capacity as the Ruler...
- Expo City Dubai Authority seeks to reinforce Dubai's position as a leading destination for global exhibitions
- The Authority will facilitate sharing of knowledge and experiences related to the management and organization of major events
Business
Agthia buys 60% stake in Auf Group
The deal builds on Agthia’s acquisition of BMB Group.
- The deal builds on Agthia’s acquisitions of the GCC’s snacks and food company, BMB Group, and the Al Foah dates
- The Auf Group’s founders will retain a combined stake of 30 percent in the business and continue to lead the company
Economy
RAK non-oil foreign trade sees 14% hike in 2021
Exports accounted for the largest portion of the emirate's total non-oil foreign trade, reaching 57 percent, at AED 9.539 billion.
- Exports accounted for the largest portion of the emirate's total non-oil foreign trade, reaching 57 percent, at AED 9.539 billion
- This is followed by imports, which accounted for 35 percent of the total, amounting to AED 5.97 billion
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Saudi Arabia’s oil exports fall by $13 billion in fourth quarter of 2023
In December, oil exports fell by SAR 13.5 billion or 15.8% to SAR 72 billion ($19 billion) from SAR 85.5...
Business
Company News
Latest News
Global conference on Pharmaceutical Technologies concludes in Dubai
DUBAI, UAE - The 28th edition of the Dubai International Pharmaceutical Technologies Conference and Exhibition (DUPHAT) 2023 concluded. The three-day...
Science
DEWA organized 157 health, safety training sessions for employees in 2022
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) has organized 157 training courses and awareness sessions on occupational health...
Business
UAE takes part in financial inclusion meet under India G20 Presidency
ABU DHABI, UAE - The UAE participated in the Global Partnership for Financial Inclusion (GPFI) meeting in the Finance Track...
Geostrategy
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Economy
Sharjah Consultative Council reviews districts and villages department’s work
SHARJAH, UAE - The Sharjah Consultative Council (SCC), in its seventh session, held as part of the fourth regular session...
- The SCC meeting, at its headquarters in Sharjah, was chaired by Ali Mehd Al Suwaidi, Chairman of the Council.
- Sheikh Majid bin Sultan Al Qasimi, Member of Sharjah Executive Council, Head of DVAD represented the department in the session.
Business
Dubai records over US$2.72bn in weeklong real estate transactions
DUBAI, UAE - A total of 2,173 real estate transactions worth over US$2.72 billion (AED 10 billion) were conducted during...
- A total of 2,173 real estate transactions were conducted during the week ending January 6, 2023.
- A total of 270 plots were sold for US$612 million, 1,903 apartments and villas were sold for US$1.33 billion.
Business
dnata begins building warehouse
The facility will be capable of processing 100,000 tons of cargo annually.
- The facility represents an investment of US$14 million and will create up to 50 additional, direct jobs with dnata in Iraq.
- The foundation stone for the cargo warehouse is scheduled for completion in September 2024.