Iran agricultural, food exports hit US$4.8bn in 10 months
TEHRAN, IRAN – The country has exported more than 6.7 million tons of agricultural and food products worth US$4.8 billion...
Business
UAE allocates US$5m for UN’s humanitarian efforts in Gaza
ABU DHABI, UAE – As per the directives of President Sheikh Mohamed bin Zayed Al Nahyan, Minister of Foreign Affairs...
Geostrategy
The Archives
Kuwait’s oil ministry completes digital archive project
Kuwait's oil ministry project digitalized the country's oil archive making all documents, photos, books and magazines easily accessible
- The ministry's project digitalized Kuwait's oil archive making all documents, photos, books and magazines easily accessible
- All the documents could be accessed via the ministry's official website in both Arabic and English
Interview
Qatar Economic Forum highlights country’s role
The forum reflects the strategic position of Qatar as an influential economic player and as a bridge for communication and...
- Qatar Economic Forum reflects the country's status as an influential economic player
- The forum reflects Qatar's keenness to enhance international cooperation to achieve a just economic recovery
Business
Saudi telco to raise capital by 150%
Bonus shares to be granted by capitalizing $7.9 bn from retained earnings.
- Shareholders will be granted 1.5 shares for every share at the time of maturity.
- Prince Mohammad bin Khalid Al-Abdullah Al-Faisal, Chairman of the Board of Directors, said the capital increase is the largest in the history of Saudi market.
Business
UAE and Uzbekistan extend strategic partnership for three years
The UAE and Uzbekistan have pushed for a new phase of their strategic partnership for government modernization to promote the...
- Areas of cooperation in the strategic partnership agreement have been updated to include the financial sector, education sector, economy, government leadership, and food security
- The expanded strategic partnership signed by the UAE and Uzbekistan covers 27 sectors, involving initiatives in government modernization to benefit from the UAE’s experience
Arts & Culture
‘Stan Lee Super Con’ exhibition begins in Jeddah, woos fans of superheroes
The activities of the 'Stan Lee Super Con 2022' exhibition begins in Jeddah Superdome in the presence of a number...
- 'Stan Lee Super Con 2022' exhibition kicks off in Jeddah Superdome in the presence of a number of Hollywood stars
- There was a large turnout on the first day from fans of international comic characters and visitors
Economy
Kuwait keen on supporting IFAD for progress, says official
Kuwait is keen on supporting efforts by the International Fund for Agriculture Development to feed the poor and aid progress...
- Kuwait and Saudi Arabia had helped established IFAD in 1977
- IFAD's aim is to help impoverished and hunger-stricken regions in the world
Geostrategy
OPEC Fund to provide US$40m loan to Kosovo for reforms
The OPEC Fund for International Development will improve fiscal transparency, promote private sector development and enable environmental reforms
- The comprehensive plan will improve fiscal transparency, promote private sector development
- The plan will enable environmental reforms in the energy and waste management sectors
Economy
Jordan’s Economic Modernization Vision to simplify tax rules
Jordan's Economic Modernization Vision has proposed ways to simplify customs, taxes and shipping regulations for trade and retail business
- The vision focuses on the trade sector as a top national priority due to its contribution to the GDP
- The vision is set to be implemented in three phases over the next 10 years
Business
One billion ADNOC Rewards points redeemed in one month
The UAE’s first fuel retail loyalty program continues to grow membership base, evolves towards targeted segmentation.
- The UAE’s first fuel retail loyalty program continues to grow membership base, evolves towards targeted segmentation
- ADNOC Rewards has delivered tailored offers to suit customer habits and needs; introducing a strong partnership program with 83 affiliates including Etihad Guest and Etisalat Smile
Economy
2021 State of Country Report proposes fighting extremism, drug menace
The report recommended empowering youth politically by activating the role of the Political Institute of the Ministry of Youth.
- The report recommended empowering youth politically by activating the role of the Political Institute of the Ministry of Youth
- As for the tourism sector, the report stressed the need to launch a tourism-related trails program in Ajloun, Irbid, Madaba, Karak, Ma’an and Tafila
Iran agricultural, food exports hit US$4.8bn in 10 months
TEHRAN, IRAN – The country has exported more than 6.7 million tons of agricultural and food products worth US$4.8 billion...
Business
Company News
Latest News
Emaar 9M revenue at US$5.1bn
Business
Xi visit marks 34 deals between Saudi, Chinese firms ahead of China-Arab meeting and China-GCC summit
The Chinese president's visit to Saudi Arabia aims at 'qualitative leap' in bilateral ties and the 'largest-scale diplomatic activity between...
Geostrategy
UAE’s non-oil foreign trade at the end of third quarter $445 billion
Abu Dhabi, UAE----UAE's non-oil foreign trade increased by 19 percent by the end of the third quarter, compared to the...
Economy
Saudi EXIM Bank, Korean Commercial Insurance Company sign MoU
Riyadh, Saudi Arabia---The Saudi Export-Import Bank signed an MoU with the Korean Commercial Insurance Company (K-SURE), which is Korea’s export...
Business
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Business
AD Ports Group, Africa Finance Corporation sign collaboration agreement
Abu Dhabi, WAM---AD Ports Group has signed a collaboration agreement with the Africa Finance Corporation (AFC), an infrastructure solutions provider...
- They will collaborate on identifying, financing, developing and investing in much-needed ports, warehouses, maritime and logistics infrastructure projects across Africa.
- Both parties will bring their technical expertise and financial capacity and networks to a range of development initiatives, focusing on brownfield and greenfield opportunities.
Economy
CBUAE imposes financial sanction on UAE exchange house
The financial sanction, amounting to AED1,925,000 ($524,166) followed the findings of an examination conducted by the CBUAE.
- The financial sanction, amounting to AED1,925,000 ($524,166) followed the findings of an examination conducted by the CBUAE
- The CBUAE, through its supervisory and regulatory mandates, works to ensure that all exchange houses, their owners and staff abide by the UAE laws
Economy
Debt-service payments from IDA’s countries to top $62bn in 2022: World Bank
The report highlights rising debt-related risks for all developing economies - low as well as middle-income economies.
- The report highlights rising debt-related risks for all developing economies - low as well as middle-income economies
- Rising interest rates and slowing global growth risk is tipping a large number of countries into debt crises