Qatar’s Industrial Production Index up 3.9% in Dec 2023
Doha, Qatar -- Qatar's Industrial Production index (IPI) in December 2023 reached 95.3 points, an increase of 3.9 percent compared...
Business
Construction in China-Saudi Arabia ethylene project begins
FUZHOU, CHINA - Construction of the main complex of a joint-investment ethylene project, which involves petrochemicals giant Saudi Basic Industries...
Business
Geostrategy
Beirut port blast victims file $250m lawsuit against US firm
Victims of Lebanon's deadly 2020 port blast have filed a quarter-billion-dollar lawsuit against a US firm for its suspected links...
- Accountability Now said in a statement that the claim was filed this week in Texas against US-Norwegian geophysical services group TGS.
- The blast -- described as one of the largest non-nuclear explosion in recent history -- killed more than 200 people, wounded thousands and ravaged entire neighbourhoods.
Business
EGA, K Line green pact
They will work on projects to decarbonize bulk cargo shipping.
- Focus of agreement on development and implementation of new marine decarbonisation technologies suitable for EGA’s bulk cargo shipping routes.
- Solutions are likely to include kite systems, alternative fuels and CO2 capture technologies.
Business
ADDED, MADE to support sustainable growth, Industry 4.0 applications
ADDED and MADE will collaborate to build the technical capabilities of the industrial workforce.
- ADDED and MADE will collaborate to build the technical capabilities of the industrial workforce
- The cooperation with MADE shows ADDED’s efforts to enhance the entrepreneurship ecosystem
Business
GCC citizens look to pour investment in UK real estate
GCC nationals are expected to pour in investments in the UK real estate market in spite of global inflation, supply-chain...
- According to a May report by property consultancy Knight Frank, Gulf-based high-net-worth families have returned to property investments in recent months
- GCC investors are leveraging a weak pound to buy assets in the UK's luxury property market after the pound fell to its lowest level against the dollar since March 2020 in June
Economy
Closing the gender gap in MENA may take 115 years
Closing gender gaps remains a critical driver of national prosperity. Countries that invest in all of their human capital and...
- At 63.4%, Middle East and North Africa have the second-largest gender gap yet to close, with the UAE, Israel and Lebanon being the highest performing countries
- After a big COVID hit, the gender gap hasn’t bounced back across the globe, according to the World Economic Forum’s Global Gender Gap Report 2022
Infographics
Gulf countries witness dip in unemployment rates
The Gulf countries have taken several measures to increase the local employment, especially in UAE and Saudi Arabia. This week's...
- The Gulf countries have taken several measures to increase the employment, especially in the UAE and KSA. This week's TRENDS Infographic looks at job situation in the region
- The measures have led to an increase in employment in most of the GCC countries, but the Ukraine-Russia crisis, global economic turbulence and Covid-19 may pose challenges
Business
Middle East airlines’ traffic rises more than 300 percent in May 2022: IATA
The International Air Transport Association (IATA) said the Middle Eastern airlines’ traffic rose 317.2 percent in May compared to May...
- IATA announced passenger data for May 2022 showing that the May capacity rose 115.7 percent.
- Global traffic is now at 68.7 percent of pre-crisis levels as it rose 325.8 percent versus May 2021.
Business
Cyber attacks on network infra focus of MENA ISC 2022 in Riyadh
Rising cyber attacks on network infrastructure in countries across the world, which pose a significant threat to the economies of...
- This edition’s theme is “Cyber Fusion: Converging Cyber Intel: Critical Network Infrastructure IT, OT, and IoT."
- It is currently estimated that companies in Saudi Arabia lose about $6.53 million per cyber attack.
Economy
Dubai to host World Corporate Summit in November
Dubai will host the first edition of the World Corporate Summit which will discuss sports and multi-sectoral business growth as...
- The summit will be attended by decision-makers from multinational corporations, UAE-based firms and government institutions
- The WCS will exchange insights, explore collaborative partnerships and opportunities for business growth
Business
SirajPower, Cleanco sign agreement
SirajPower will develop a fully financed 2 MVA solar-diesel-battery.
- This will provide reliable power to Cleanco via a hybrid system consisting of solar PV, diesel generator, and battery.
- CWT’s currently diesel-powered waste treatment plant will be able to reduce its fuel consumption, operational expenditures, and carbon footprint.
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
Qatar’s Industrial Production Index up 3.9% in Dec 2023
Doha, Qatar -- Qatar's Industrial Production index (IPI) in December 2023 reached 95.3 points, an increase of 3.9 percent compared...
Business
Company News
Nestle pours $1.8 bn in S Arabia
Business
Latest News
dnata begins building warehouse
The facility will be capable of processing 100,000 tons of cargo annually.
Business
Flynas passenger growth 91% in 2022
The airline launched 16 new destinations and 30 new routes.
Business
DEWA’s new project cuts 44,000 tons of carbon emissions annually
The TESTIAC project was implemented to increase the electricity generation capacity of gas turbines during high ambient temperatures in summer...
Business
Most Read
Business
DEWA 9th Sustainability Report showcases its progress in sustainable development
DUBAI, UAE - The ninth Sustainability Report 2021 issued by Dubai Electricity and Water Authority (DEWA) highlights its efforts and...
- The Sustainability Report 2021 introduces partners, relevant entities and all stakeholders to its performance and practices in sustainability.
- The report demonstrates the progress made by DEWA, and its contributions to achieving the United Nations Sustainable Development Goals 2030.
Geostrategy
Saudi grants almost 450,000 metric tons of oil to Yemen
AL-MAHRA, YEMEN - The second batch of the new Saudi oil derivatives grant of 4,491,000 metric tons of diesel was...
- The grant comes as part of the Kingdom's support for the Yemeni people under the directives of Saudi King Salman and the Crown Prince
- It also comes as an affirmation of the Saudi Arabia's keenness to achieve security, stability and development for the Yemeni people
Science
Dubai conference explore ways to nullify environment challenges
This is especially important with the ongoing preparations for the UAE to host the 28th Conference of the Parties by...
- Important topics at the conference included the application of membrane technology and nano-technology in water treatment
- The conference brought together global researchers, decision-makers, academics, and experts to discuss environmental and sustainability issues