Saudi Arabia signs MoUs with four countries for development in mining industry
RIYADH, SAUDI ARABIA – The Ministry of Industry and Mineral Resources has signed four Memorandums of Understanding (MoUs) with the...
Geostrategy
Saudi Arabia, Belarus ink MoU to boost trade, investment
RIYADH, SAUDI ARABIA - The Federation of Saudi Chambers and the National Center for Marketing and Price Study at the...
Geostrategy
Business
EDB to provide financial support to SMEs, startups in free zones
The Emirates Development Bank (EDB) has teamed up with the Hamriyah Free Zone in Sharjah and the Sharjah Airport International...
- EDB will offer its range of financial solutions to SMEs and start-ups in Hamriyah Free Zone and SAIF, including capex financing for expansion or facility upgrades
- Al Mazrouei noted that the Emirates Development Bank is an important national institution, providing financing and banking solutions for a critical segment of the national economy
Economy
UAE, Kyrgyzstan deepening economic cooperation: Al Marri
Al Marri said that the non-oil trade exchange between the two countries was valued at over US$828 million in 2021.
- Al Marri said that the non-oil trade exchange between the two countries was valued at over US$828 million in 2021
- The UAE accounts for 98 percent of Kyrgyzstan’s total trade with the Gulf Cooperation Council
Geostrategy
Restrictions on single-use plastics begin in Abu Dhabi
Restrictions on single-use plastic bags took effect in the United Arab Emirates capital Abu Dhabi Wednesday, as part of its...
- There are exemptions for medicine bags, bag rolls for produce in supermarkets, rubbish sacks and large brand name shopping bags.
- Dubai, one of the seven other emirates that make up the UAE, has also announced it is ending the free provision of single-use plastic bags.
Business
Arada issues $350m Sukuk
The deal has been listed on the London Stock Exchange.
- The deal, which reopened the MENA US dollar markets after a six-week hiatus, was also the first US dollar corporate Sukuk globally in 2022.
- The Sukuk issuance saw strong demand from both regional and international investors, with a subscription order of $720 million, more than two times the offer size, Arada said.
Business
Saudi Arabia, Jordan discuss ways to enhance maritime transport relations
A joint panel of the two countries discuss the mechanism to develop and modernize previous agreements related to maritime transport.
- The two countries review the latest developments in the maritime transport sector and ports
- The Saudi-Jordanian Technical Committee for Maritime Transport is holding its third session in Aqaba
Economy
Jordan ranks first in Arab world on budget transparency survey
Jordan ranked first in the Arab world and 32nd globally on the budget transparency, according to the Open Budget Survey...
- Georgia ranked first, South Africa second and Sweden third on the list.
- Only 31 percent of countries provide sufficiently detailed information to understand how their budget addresses poverty.
Business
Iraq to France: Ready to supply European markets oil
Iraq's State Organization for Marketing of Oil (SOMO) has said it approached France about the possibility of Iraq's supplying the...
- About 60 percent of Russia's exports of crude oil go to the European continent, but in the shadow of Ukraine war, it will need new suppliers.
- Italian Prime Minister Mario Draghi recently visited gas powerhouse Algeria as Rome steps up efforts to reduce its heavy reliance on Russian energy imports.
Business
Dubai launches unified electronic platform for building permits
The Dubai Building Permit Development Committee has completed the unified electronic platform for building permits, which includes building permit services...
- The platform is set to provide distinguished services to consultancy offices and contracting companies, according to a statement.
- The window includes building licensing services of Dubai Municipality and Dubai Development Authority among others.
Business
UAE brings in new classification system for private sector
A new classification system for companies in the private sector came into force on Wednesday, according to the Ministry of...
- The new system depends on the extent of companies’ compliance with the law and Wage Protection System and workers’ rights protection
- The classification offers incentives to companies that commit to the prescribed laws and policies on promoting cultural and demographic diversity
Arts & Culture
Disney+ releases a sneak peek at the content line up for MENA region
Disney+ has finally unveiled an extensive sneak peek at the line-up for the Middle East and North Africa (MENA).
- Disney+ has finally unveiled an extensive sneak peek at the line-up for the Middle East and North Africa (MENA)
- Disney+ is the dedicated streaming home for movies and shows from Disney, Pixar, Marvel, Star Wars, and National Geographic, along with The Simpsons and much more
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 Arabia signs MoUs with four countries for development in mining industry
RIYADH, SAUDI ARABIA – The Ministry of Industry and Mineral Resources has signed four Memorandums of Understanding (MoUs) with the...
Geostrategy
Company News
Al Arabia’s profit up 43%
Business
Latest News
UAE views creativity through the lens of openness
Arts & Culture
Saudi Arabia eyes hosting AFC Women’s Asian Cup 2026
Riyadh, Saudi Arabia— Saudi Arabia has submitted its bid to host the AFC Women’s Asian Cup 2026, a key moment...
Economy
G7, EU agree oil price cap to reduce Russia war funding
The price cap is designed to make it harder to bypass the sanctions by selling beyond the EU. Poland's ambassador...
Geostrategy
SABIC signs pact with Aramco, PKN ORLEN
They will study feasibility of Polish petrochemical sector investment.
Business
Most Read
Geostrategy
Supporting India’s G20 presidency is a priority for UAE, says Minister
The UAE's Minister of Foreign Affairs and International Cooperation Sheikh Abdullah bin Zayed Al Nahyan has said that the Gulf...
- The UAE will work towards a world where human progress is an inalienable right for all.
- The UAE views the G20 as a forum that plays a critical role in multilateral efforts.
Economy
UAE 51st National Day: Central Bank launches new 1000 dirham note
Abu Dhabi, UAE---The Central Bank of the UAE launched an AED-1000 denomination note as part of the country's 51st anniversary...
- Made of polymer and using innovative designs and advanced security features, the note is the fourth in the Third Issuance of the National Currency Project.
- The new banknote will be available in Central Bank branches and ATMs in the first half of 2023.
Business
Jazeera Airways expands to Tajikistan
A direct flight from Kuwait to Dushanbe will be operated.
- The route launches on December 29 and will be operated on Thursdays and Saturdays. Flights land at the Dushanbe International Airport.
- The new route that connects pilgrims to Saudi Arabia besides offering a new travel destination for nature and adventurous culture seekers.