UAE plans to issue bonds, Sukuk valued at $1.3bn in Q1 2024, says official
HONG KONG - UAE Ministry of Finance Undersecretary Younis Haji Al Khoori announced that the ministry's issuance of bonds and...
Business
Dubai posts real estate transactions worth $3.5bn in week ending January 19
DUBAI, UAE - The real estate and properties transactions valued at US$3.5 billion (AED13 billion) in total during the week...
Business
Economy
Food prices fall in May after hitting record high in March, cereal production may drop
World food prices dipped in May for a second consecutive month after hitting a record high in March, although the...
- FAO says world food prices dipped in May for a second consecutive month although the cost of cereals and meat rose
- Global cereal production would drop in the 2022-23 season for the first time in four years, says FAO
Science
Saudi Space Commission to launch ‘Madar’ training program for students, workers
Saudi Space Commission will help and train 1,000 students and workers about space to national capabilities, cadres and skills in...
- Saudi Space Commission will teach 1,000 male and female trainees from various scientific specialties about the space sector
- The program aims at raising the level of knowledge by providing theoretical and practical courses in the space sector
Economy
Kuwait wants Schengen visa exemption for its citizens
Speaker of Kuwaiti National Assembly Marzouq Al-Ghanim expressed optimism that the exemption request would be granted.
- Speaker of Kuwaiti National Assembly Marzouq Al-Ghanim expressed optimism that the exemption request would be granted
- Al-Ghanim said the Kuwaiti delegation responded to many questions on issues like human rights and women empowerment
Business
KSA teams up with Novartis to ramp up pharmaceutical capacity
Saudi Arabia has partnered with Novartis, the Swiss pharmaceutical company, to ramp up the kingdom's bio pharmaceutical capacity.
- Novartis’ contribution to the kingdom’s gross domestic product is expected to reach $857 million by 2024
- The parties aim to build local talent and capabilities as they aspire to reach 75 percent Saudization
Economy
UAE, Jordan, Egypt ministers discuss roadmap for new partnership
Less than a week after the signing of the Industrial partnership for Sustainable Economic Growth, ministers from the UAE, Egypt...
- The Ministers discussed time frames for implementing the initiatives and how their performance can be measured
- The members approved the appointment of Omar Al Suwaidi, Under-Secretary of the Ministry of Industry and Advanced Technology, as Secretary-General of the tripartite higher committe
Business
UAE-based Grubtech ramps up international expansion
Grubtech’s entry into Egypt’s $22 billion food service industry highlights its rapid growth since being established less than three years...
- Grubtech’s entry into Egypt’s $22 billion food service industry highlights its rapid growth since being established less than three years ago
- The company recently secured $13 million in Series A funding to support its aspirations to become the platform of choice for restaurants and cloud kitchens
Business
ENEC, KEPCO discuss cooperation in nuclear sector, ways to curb carbon emission
The Barakah Plant will help in the decarbonization of the power sector in the UAE and the Arab World
- ENEC, KEPCO discussed prospects for future cooperation and exploring the opportunities available in the nuclear energy sector
- The overall completion rate of the Barakah Plant is now over 97 percent and the first and second units are producing electricity
Economy
UAE Healthcare charity to receive donations in crypto
Crypto philanthropy has emerged as an important and sustainable source of fundraising for charities, giving people greater opportunities to donate...
- Crypto philanthropy has emerged as an important and sustainable source of fundraising for charities, giving people greater opportunities to donate for good
- According to Chainalysis, the Middle East is one of the fastest-growing cryptocurrency markets in the world, making up seven per cent of global trading volumes
Business
Shell to build fuel stations in Saudi
Wafi will also operate car services for Shell Global in the kingdom.
- Shell Global is the largest operator of gas stations and car services in the world.
- Shell Global will transfer the latest expertise to Saudi to provide the latest technology.
Geostrategy
Third Gulf Forum for Voluntary Work to be held in December
A meeting between the Committee of Heads of Red Crescent Societies and bodies in GCC concluded its 18th meeting. The...
- The Gulf forum is expected to be held for two days in Saudi Arabia under the theme "Volunteering is life".
- This was decided at a meeting between the Committee of Heads of Red Crescent Societies and bodies in GCC concluded its 18th meeting.
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
UAE plans to issue bonds, Sukuk valued at $1.3bn in Q1 2024, says official
HONG KONG - UAE Ministry of Finance Undersecretary Younis Haji Al Khoori announced that the ministry's issuance of bonds and...
Business
Company News
Latest News
Air Arabia Q3 net profit $113m
Business
Jordan and Algeria renew pledge to boost economic ties
Algiers, Algeria— Jordan's King Abdullah and Algeria President Abdelmadjid Tebboune have stressed the importance of bolstering ties between the two...
Geostrategy
EU spent €11.8 billion on imports of non-plug-in hybrid cars in 2021
Exports of non-plug-in hybrid cars were valued at €22.9 billion, which was more than half of the total extra-EU exports...
Business
UAE secured 40% of Japan’s crude oil needs in October
94.7 percent of 84.58 million barrels imported by Japan originated from five Arab countries: UAE, Saudi Arabia, Kuwait, Qatar, Bahrain...
Economy
Most Read
Arts & Culture
World Cup without booze makes atmosphere less aggressive, more family friendly
Some say the absence of booze in stadiums and its limited availability elsewhere in the Arab nation has detracted from...
- The sale of alcohol at World Cup stadiums in Qatar was banned two days before the tournament in a policy U-turn, although it is available at fan zones and most international hotels
- And matches particularly involving teams from South America and North Africa have still played out in front of electric atmospheres.
Business
Saudi Arabia joins Madrid-based International Olive Council
Madrid, Spain---Saudi Arabia has joined the International Olive Council (IOC), a UN affiliated intergovernmental organization aimed at developing and expanding...
- The council is a UN affiliated intergovernmental organization aimed at developing and expanding olives and olive oil trade.
- The Council also encourages the member countries to develop and modernize commercial standards for products and improve their quality.
Business
Saudi Aramco subsidiary Luberef expects to raise $1.32 bn from IPO
Dubai, UAE---Luberef, a subsidiary of Saudi oil giant Aramco, expects to raise up to SAR 4.95 billion ($1.32 billion) from...
- The company will sell nearly 30 percent of its share capital to individual and institutional investors, which translates into 50.045 million shares, and list on the Saudi Exchange.
- In a Tadawul filing, Luberef said the price range for the offering has been set between SAR 91 and SAR 99 per share.