Saudi Arabia’s air defense commander examines Russia’s S-350, S-400 systems
RIYADH, SAUDI ARABIA – The Commander of the Royal Saudi Air Defense Force Lieutenant-General Mazyad bin Suleiman Al-Amr has inspected...
Geostrategy
UAE is the most popular destination for global workers, says report
Dubai, UAE – The United Arab Emirates is the most popular country for international talent seeking employment visas, a report...
Business
Business
EPG, Hub71 to help tech startups advance Abu Dhabi logistics sector
Emirates Post Group (EPG) and Hub71, Abu Dhabi’s global tech ecosystem, will partner to provide tech startups in the Emirate...
- As part of the agreement, EPG will also provide mentorship for startup founders and support the development of Proof of Concepts.
- EPG-backed startups will also gain the ability to join Hub71’s vibrant community.
Economy
UAE Minister discusses development of fisheries sector
UAE Minister of Climate Change and the Environment Mariam bint Mohammed Almheiri held a meeting with the heads of fishermen's...
- The minister met with groups of fishermen and heads of fishermen's associations
- She discussed challenges, opportunities and development in the UAE's fisheries sector
Business
Dubai Chambers holds meet to enhance its role in economy
Chairman of Dubai Chambers met with heads and members of business groups to discuss new ways the Chamber can enhance...
- Dubai Chambers discuss new ways to strengthen public-private sector partnerships
- It discusses different ways the Chamber can enhance its role in the emirate’s economy
Business
ADDED grants lease contract exemption for one year to 1,200 actiivities
A total of 1,200 economic activities have been granted one-year exemption from a lease contract for work premises as a...
- The economic activities included in this initiative represent 29.5 percent of total economic activities licensed and regulated by ADDED, which reached 4,062 by the end of 2021.
- ADDED said it has launched many initiatives to ensure ease of doing business, including slashing business set-up and renewal fees by over 94 percent.
Business
‘Jordan’s industries have potential to access Algerian market’
Jordan's industrial goods have a great opportunity to gain a foothold in the Algerian market, president of the Jordan and...
- Leather, textile, medical supplies, chemicals, food, agricultural and livestock industries can access the Algerian market
- There is a need for opening a direct maritime transport route between Jordan and Algeria
Economy
UAE to announce 3,000 housing loan beneficiaries during 2022
UAE will announce 3,000 beneficiaries of housing loans during 2022, taking 500 housing decisions per month that will announce the...
- The new policy includes 500 decisions worth AED400 million, according to Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure.
- A total of 500 decisions on housing loans will be taken per month.
Business
Tadawul launches single-stock futures trading
Tadawul has posted more than 30 trades in single-stock futures on its launch as Aramco and Saudi Telecom Co. led...
- Aramco futures logged a trading volume of 20 so far with a value of SR76,200 ($20,304), while stc posted 10 trades worth SR97,700
- The launch of single-stock futures as Tadawul’s second derivatives product — after launching index futures in 2020 — comes amid efforts to bolster liquidity
Business
Dragon Oil extends Turkmenistan contract for 10 more years
The Cheleken complex, located in the East Caspian Sea in Turkmenistan, is the main producing asset of Dragon Oil.
- The Cheleken complex, located in the East Caspian Sea in Turkmenistan, is the main producing asset of Dragon Oil
- Over the past decade, Dragon Oil has evolved from a single-origin oil and gas company operating in Turkmenistan only, to a global operator
Business
ADDED, GE Digital to fast-track digital shift in Abu Dhabi’s manufacturing sector
ADDED and GE Digital will collaborate to adopt circular economy strategies “to drive a more productive, competitive, advanced, and innovative...
- ADDED and GE Digital will collaborate to adopt circular economy strategies “to drive a more productive, competitive, advanced, and innovative sector.”
- The UAE’s manufacturing sector plays a pivotal role in the diversification of the national economy, with Abu Dhabi accounting for 40 percent of that
Business
Innovest of KSA exits Misk Tarout
The Saudi firm earned $8m in profit in the last three months.
- The Alkhobar-based real estate firm confirmed its profit from the exit process will be calculated in the company’s financial statements for the second quarter of 2022
- The exit will also enhance its direction in implementing targeted profitability and growth plans, CEO Essam Bukhamseen said
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Saudi Arabia’s air defense commander examines Russia’s S-350, S-400 systems
RIYADH, SAUDI ARABIA – The Commander of the Royal Saudi Air Defense Force Lieutenant-General Mazyad bin Suleiman Al-Amr has inspected...
Geostrategy
Company News
Latest News
Global economic woes take toll on GCC contracts
Infographics
Masdar Green acquires properties
Business
GPSSA clarifies conditions of insured individuals
ABU DHABI, UAE - The General Pension and Social Security Authority (GPSSA) said that the registration of insured individuals in...
Business
HUB71 startup community raises $1bn in venture capital
The milestone was achieved in a year which has seen Hub71 onboard 53 high growth technology companies.
Business
Masar signs $1.86 bn pact for construction of seven hotels in Makkah
Makkah, Saudi Arabia---Umm Al-Qura for Development and Construction Company, owner and developer of Masar Destination, an integrated urban destination in...
Business
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Economy
Dubai Customs and South Korea to boost trade ties
Dubai, UAE— Dubai Customs and a delegation from South Korea have discussed ways to further develop mutual trade cooperation. Dubai...
- Dubai Customs shared their experience in developing smart customs services and digital systems with the delegation
- The Korean delegation learned about the Post Clearance Audit System, which targets risky clearance transactions and enhances transparency in trade
Economy
TBI denies loan for ‘fake projects’, says recovered 1 trillion, 500 billion dinars
Responding to a story published on one of the satellite channels, the bank explained the amount of the total loans...
- Responding to a story published on one of the satellite channels, the bank explained the amount of the total loans in the bank is inaccurate
- The bank stressed there are no loans for fictitious projects, saying the report in the media which doesn't identify its sources directly affects it
Business
Algeria’s Sonatrach starts production in new gas field
The company announced the completion of production of the Tinrhert gas field at the end of November 2022.
- The company announced the completion of production of the Tinrhert gas field at the end of November 2022
- Algeria has signed many energy agreements with European countries during the current year