Palestinians count cost of Israel’s West Bank raid
Palestinians held funerals and assessed the damage of a days-long Israeli raid in the occupied West Bank, where violence has...
Geostrategy
Mammoet, Aertssen sign agreement
The two firms will provide heavy-lifting solutions in Qatar.
Business
Economy
European Union spent $305 billion on environmental issues in 2021
The European Union's expenditure in 2021 on environmental protection, investments and consumption amounted to €292 billion ($305.4 bn), said Eurostat,...
- The expenditure has risen by over 3 percent on average each year, with a total increase of 54 percent since 2006.
- The expenditure on environmental protection remained stable over the last 15 years at about 2 percent of GDP.
Business
NEOM awards contracts for construction of high-speed transportation tunnels
NEOM has awarded two contracts to two consortiums for the construction of two tunnels with a length of 28 kilometers...
- The two contracts were awarded to two consortiums consisting of engineering and construction companies.
- NEOM said the project will be implemented in accordance with the best international practices used to protect the environment.
Economy
‘Made in Saudi’ takes part in 17th OIC Member States Trade Fair
The Made in Saudi program is participating in the 17th Organization of Islamic Cooperation (OIC) Member States Trade Fair
- The Made in Saudi program's participation shows international trade fairs help companies reach global markets
- The event is considered a platform to display goods and services and to discuss about strategic partnerships
Arts & Culture
Saudi youth excel in event management in Jeddah Season
Saudi youth make their mark in event management during Jeddah Season where they comprise over 80 percent of the workforce...
- Saudi youth are over 80 percent of the workforce in event management in Jeddah Season
- Saudi youth demonstrate their ability and success to manage and organize events
Business
Dubai Chamber members’ exports up 28 percent in May, highest since 2018
The strength of the Dubai economy, the flexibility of the emirate's merchants and the value of Dubai Chamber of Commerce...
- Dubai’s strategic plan to boost foreign trade by up to AED 2 trillion ($544 billion) in five years, Al Ghurair said.
- GCC countries accounted for 55 percent of the total exports and re-exports of the members in May 2022.
Economy
Work in water reservoir project in Hatta ahead of schedule
The project includes the construction of two reservoirs with a storage capacity of 30 million gallons of desalinated water, supporting...
- Progress in the Hatta water reservoir project is ahead of schedule as 36 percent completed compared to 32 percent target
- The project has a capacity of 30 million imperial gallons at a cost of approximately AED 86 million
Videos
High taxes on tobacco in MENA weans users off habit
The use of tobacco by people across the world has gone down, and the Middle East has been no exception,...
- The World Health Organization (WHO) said tobacco users have decreased from 1.32 billion 2015 to 1.30 billion in 2021
- In the UAE, the trade in tobacco went down from Dh410 million to Dh62.4 million
Economy
Address needs of women entrepreneurs: DG WTO at MC12
Unlocking trade for women's empowerment and sustainable development is not just the right thing to do, Okonjo-Iweala said
- Unlocking trade for women's empowerment and sustainable development is not just the right thing to do, Okonjo-Iweala said
- A strong and effective WTO is critical for these women, which is one more reason why delivering results at MC12 this week is so important, she added
Business
Ladun to list on Nomu
The Saudi firm's IPO was priced at $4.8 per share.
- The company’s initial public offering was priced at SR18 ($4.8) per share, with 20.97 times oversubscription
- The Riyadh-based firm sold 5 million shares, representing 10 percent of its capital
Business
Jordanian army seizes big haul of drugs on border with Syria
Jordan has foiled an attempt to smuggle drugs into the kingdom from its border with Syria, seizing 900,000 Captagon pills...
- Jordanian army has ramped up operations against drug smuggling from Syria which, it said, has been increasing dramatically
- Director of JAF Military Media Department Col. Mustafa Hiyari recently accused Iran and Syria of sponsoring drug dealers operating in Syria
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
Palestinians count cost of Israel’s West Bank raid
Palestinians held funerals and assessed the damage of a days-long Israeli raid in the occupied West Bank, where violence has...
Geostrategy
Company News
Latest News
Invictus 9M net profit $105m
Business
Vietnamese firms look to benefit from Saudi Vision 2030 opportunities
Riyadh, Saudi Arabia--- As many as 20 Vietnamese companies that participated in the Saudi-Vietnamese Business Forum on Tuesday evinced interest...
Business
UAE, Saudi Arabia sign MoU for mutual recognition of maritime training
LONDON, UK - The UAE Ministry of Energy and Infrastructure (MOEI) and the Transport General Authority (TGA) of the Kingdom...
Geostrategy
KEZAD, Al Eskan Al Jamae merge
The merger creates Abu Dhabi’s largest integrated staff accommodation company.
Business
Most Read
Business
Dubai Islamic Bank lists sukuk
The bank listed the sustainable sukuk on Nasdaq Dubai.
- The Sukuk is the first-ever sustainable Sukuk from a UAE entity and was issued in line with DIB’s Sustainable Finance Framework
- The bank issued the new Sukuk under its US$ 7.5 billion Sukuk Programme
Business
GCC IPOs resilient to volatility hurting other markets
Various IPOs raised nearly $4.8 billion in the GCC in the first five months of 2022 alone, which was higher...
- IPOs in the Gulf prove resilient to the volatility hurting deals in other markets, such as high oil prices, stable economies, and abundant liquidity fuel activity.
- Significant privatizations and private growth companies are now entering the IPO markets due to the recent surge of PO activity and frameworks introduced to enable SPAC formation.
Geostrategy
China-Arab summit: Chinese President Xi to visit KSA tomorrow
Chinese President Xi Jinping will reach Saudi Arabia on Wednesday for a three-day visit, his first to the world's biggest...
- Leaders from the two countries are expected to discuss potential deals that could see Chinese firms become more deeply involved in Saudi mega-projects
- Chinese President Xi Jinping last visited Saudi Arabia in 2016 on a trip that also featured stops in Egypt and Iran