Saudi National Bank launches US dollar-denominated sukuk
RIYADH, SAUDI ARABIA - Saudi National Bank (SNB) commenced the US dollar-denominated senior unsecured sukuk issuance through a special-purpose vehicle. The sukuk are offered to qualified...
Business
KEZAD Group, Al Ghurair Group’s APT ink lease pact to set up manufacturing facility
ABU DHABI, UAE – Khalifa Economic Zones Abu Dhabi (KEZAD Group) and Al Ghurair Group subsidiary Automotive Precision Technology (APT)...
Business
Geostrategy
Kuwait asks its citizens to leave turmoil-hit Sri Lanka at the earliest
Kuwait's Foreign Ministry has called on nationals who are currently in Sri Lanka to keep away from protest areas, heed...
- Kuwait also advised nationals who are planning to travel to Sri Lanka to postpone their trips.
- It encouraged Kuwaitis in Sri Lanka to call the embassy or the ministry if they seek any help.
Business
Top social media sites become haven for crypto fraud
Instagram accounts for 32% of all fraud cases on social media, followed by Facebook and WhatsApp as scammers find it...
- Most recorded crypto scams originated on social media as investment fraud
- Yet, few safeguards are in place to protect consumers from scams in the crypto market
Videos
Nothing should hold Arab women back: Suzy Kanoo
Not only Arab women but all women should not be fettered by anything in pursuit of their goals, the Bahrainian...
- Kanoo is CEO and President of the Khalil bin Ebrahim Kanoo Company and International Motor Trading Agency in Bahrain.
- She is the author of ‘Hear Us Speak’, which encouraged many women to tell their stories.
Videos
Dubai tourism achieves robust growth in 2022
The sector recovered fast in the emirate after the easing of Covid-19 restrictions, registering a 203 percent increase in the...
- The increased flow of tourists helped improve hotel occupancy across the emirate, which reached 76 per cent during the period, the highest globally in Q1.
- Successful handling of the pandemic, a safe environment for travelers and world-class infrastructure have contributed towards the rising tourist inflow.
Economy
Regional projects vital for future, says Jordan’s King Abdullah
King Abdullah spoke about Jordan's Economic Modernization Vision for the next decade which seeks to sustain recovery the COVID-19 pandemic....
- King Abdullah spoke about Jordan's Economic Modernization Vision for the next decade which seeks to sustain recovery from the COVID pandemic.
- The vision plans for the coming years by capitalizing on opportunities in the Kingdom, especially amid the impact of the Ukrainian crisis.
Business
GFH acquires housing portfolio
The acquisition is in partnership with GFH subsidiary Student Quarters.
- Student housing assets are considered among the safest given prevailing inflation climate
- The sector has exhibited strong performance throughout and following Covid lockdowns
Geostrategy
GCC leaders condemn assassination of former Japan PM
Leaders of the GCC countries have expressed their shock and condemnation at the assassination of the former Japanese Prime Minister...
- Abe was giving a speech for a candidate in Nara just ahead of Sunday's parliamentary elections, when a man shot him from behind with a handmade firearm
- The UAE President Sheikh Mohamed bin Zayed Al Nahyan joined the world leaders in expressing his condolences and sympathy to the Japanese government and people
Arts & Culture
Reforms crucial to revive pandemic-hit culture sector
The sector also saw a decline of 25 percent of its Gross Value Added in 2020. However, while most of...
- The culture was one of the most seriously impacted sectors globally due to COVID-19 pandemic, with more than 10 million jobs lost in 2020 alone
- Revenues from the digital creative economy totalled US$2.7 billion globally in 2020, over a quarter of the sector’s overall revenue, says a report
Geostrategy
UAE takes part in G20 Foreign Ministers’ meeting in Indonesia
UAE Minister of Foreign Affairs and International Cooperation Sheikh Abdullah bin Zayed Al Nahyan takes part in the G20 Foreign...
- The G20 foreign ministers meeting is keen to tackle global challenges to achieve stability and prosperity
- Such meetings help in promoting international cooperation to achieve sustainable development goals
Business
Over 4,800 take part in Dubai corporate volunteering program
Over 4,800 employee volunteers participated in Dubai Chamber of Commerce’s 'Give & Gain 2022' initiative. Volunteers dedicated 17,460 hours across...
- Volunteers dedicated 17,460 hours across projects benefitting more than 147,000 individuals
- The month-long event is part of Dubai Chamber of Commerce ENGAGE Dubai corporate volunteering program
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
Saudi National Bank launches US dollar-denominated sukuk
RIYADH, SAUDI ARABIA - Saudi National Bank (SNB) commenced the US dollar-denominated senior unsecured sukuk issuance through a special-purpose vehicle. The sukuk are offered to qualified...
Business
Company News
KIPCO merges with QPIC
Business
Latest News
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...
Science
GCC’s digital economy forging ahead rapidly, says Oman IT minister
Muscat, Oman - Saeed bin Hamoud Al Maawali, Omani Minister of Transport, Communications and Information Technology, has said that the...
Business
UAE, Morocco discuss ways to boost cooperation in energy, industry
Rabat, Morocco - UAE and Morocco discussed ways of boosting their cooperation and investment opportunities in industry, economy, investments, culture,...
Business
Most Read
Arts & Culture
DEWA wins top award by UK based institute
Dubai, UAE - Dubai Electricity and Water Authority (DEWA) won the Best Creative Electricity and Water Solutions Brand by Global...
- Saeed Mohammed Al Tayer, MD and CEO of DEWA, expressed his happiness with the award
- DEWA received many accolades in excellence in 2021, including winning the Sheikh Khalifa Excellence Award (SKEA) in the Elite Category.
Business
AD Ports signs pacts with Kyrgyzstan to promote trade with Central Asia
Abu Dhabi, UAE--- AD Ports Group has signed two major agreements with the Government of Kyrgyzstan to promote trade and...
- Under the first pact, 300,000 sqm land within KEZAD will be secured to develop and operate a logistics hub and customs area.
- Under the second agreement, Maqta Gateway will initiate a strategy for the Ministry of Finance for developing a customs and border management solutions.
Business
Saudi fund launches program to assist real estate finance companies
Riyadh, Saudi Arabia---Saudi Arabia’s Real Estate Development Fund has launched a program to provide short and medium term financial facilities...
- The kingdom aims to raise the percentage of home ownership to 70 percent by 2030 under its Vision 2030 program.
- The financing program is also aimed at stimulating the mortgage market in line with the requirements of the Saudi Refinancing Company.