Israel is starving Gaza residents, says NGO
RAMALLAH, PALESTINIAN TERRITORIES - Everyone in Gaza is going hungry and about 2.2 million people are surviving day by day...
Geostrategy
Utilizing AI is only possible if skill gap is bridged, says expert
DUBAI, UAE - The Artificial Intelligence (AI) revolution is upon us, with AI becoming a pervasive force in our daily...
Business
Business
Qatar First Bank exits its first real estate investment in Baltimore
Qatar First Bank (QFB) has announced the successful exit of Jefferson Square, its first syndicated real estate investment located in...
- QFB acquired Jefferson Square, a class A multifamily residential building, in June 2017 as part of its Sharia compliant real estate investment program.
- Jefferson Square marks the second US real estate exit for QFB following the successful exit of Kennedy Flats, Connecticut in October 2021.
Business
East Pipes’ revenues dip 36% to SAR597m
Saudi Arabia’s East Pipes reported a net loss of SAR3m during FY2022.
- Total sales volumes decreased 26 percent for pipes sales and 23 percent for coating sales
- Gross profit decreased 85 percent to SAR 35 million due to the shrinking production volumes
Analysis
World economies witness new stagflationary shocks
Since the outbreak of the pandemic, the Southeast Asian countries have lagged the performance of advanced economies due to initially...
- The war in Ukraine and the interaction of the highly contagious Omicron variant with China's 'zero-Covid' policy are pushing up global inflation
- Southeast Asia has lagged performance of advanced economies due to initial low vaccination rates, supply chain constraints and less accommodative fiscal policies
Economy
Saudi Arabia, UPLink in deal to counter sustainable development issues
This is a part of the Kingdom’s agenda to achieve sustainable development 2030 locally and internationally.
- The Saudi ministry seeks to explore the joint issues in the field of food security, food waste recycling.
- The move is a part of the Kingdom’s agenda to achieve sustainable development 2030 locally and internationally.
Business
Iraq allocates $2bn for Baghdad Metro project
Two billion dollars are allocated in the budget for Baghdad Metro project, Iraq’s Minister of Transport Nasser Hussein Al-Shibli said...
- Prime Minister, Mustafa Al-Kadhimi, said that the phenomenon of traffic jams is unacceptable
- Al-Kadhimi stressed the need to work for activating traffic lights in the streets of Baghdad
Arts & Culture
Top official of Frankfurt Book Fair praises UAE women empowerment
The UAE’s women empowerment progress reflects in the Emirates’ publishing industry as well, according to a top executive of Frankfurt...
- Women leaders can make a difference in the industry, she said
- She said women CEO's bring fresh ideas and management for the company
Business
ADX, AMAF introduce share donation facility to fund charitable causes
Through ADX’s ‘Endowment Shares’ service, investors will be able to transfer shares for donation to AMAF’s securities account at the...
- Through ADX’s ‘Endowment Shares’ service, investors will be able to transfer shares for donation to AMAF’s securities account at the exchange
- Dividends from the donated shares, to be transferred to AMAF’s bank account by ADX, will be used to fund a wide range charitable causes
Business
Aramex gets regulatory approvals to increase foreign ownership limit to 100%
The company has obtained necessary approvals from Securities and Commodities Authority and all other relevant regulatory authorities to raise the...
- The company has obtained necessary approvals from Securities and Commodities Authority and all other relevant regulatory authorities to raise the FOL
- The move makes it first onshore UAE company listed on the Dubai Financial Market to allow for full ownership of its free-floating shares by foreign investors
Business
Deals worth $6.8m signed in Gulf Print and Pack 2022
Deals worth over AED 25 million ($6.8m) were signed in the Gulf Print and Pack 2022 event (GPP) held at...
- Sales of machinery and equipment were the biggest contributors to the total
- Vinsak and Heidelberg were the other exhibitors that confirmed making substantial sales
Business
Menarini opens office in Dubai
The Italian pharma giant is looking at expansion in MENA.
- Specializing in pharma research and production, consumer healthcare, oncology and diagnostics, the move is part of the group’s planned expansion into the Middle East and Africa
- The CEO of Menarini said the company could contribute to the country's 'visionary strategy'
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
Israel is starving Gaza residents, says NGO
RAMALLAH, PALESTINIAN TERRITORIES - Everyone in Gaza is going hungry and about 2.2 million people are surviving day by day...
Geostrategy
Company News
Al-Othaim’s profit up by 436%
Business
Latest News
Oman’s Loan-to-Deposit ratio best in GCC
Infographics
2 Emirates NBD India branches
Business
Over 200 days of Sheikh Mohamed bin Zayed as UAE President: Decisions, contributions and meetings
The UAE's policy will always support peace and stability in the region and the entire world, based on wisdom and...
Analysis
It’s time to recount UAE’s achievements across sectors as the country celebrates its 51st National Day
Beside successfully addressing COVID-19, the country created a distinguished development model covering all political, economic, social, scientific and cultural areas...
Analysis
‘Carbon credits need more supply, integrity to meet global demand’
RIYADH, SAUDI ARABIA - Carbon credits could make a significant contribution to achieving net zero by 2050, but only if...
Science
Most Read
Business
Singapore has highest number of crypto job openings
Luxembourg has the second highest rate at 55.59 crypto jobs per million people.
- Luxembourg has the second highest rate at 55.59 crypto jobs per million people
- North America offers the best average salary for crypto jobs, amounting to annual earnings of $120,000
Business
Gulf countries seek to procure India’s BrahMos missile
Reports said that the UAE’s discussions with the Indian government to procure BrahMos are already in advanced stages.
- Reports said that the UAE’s discussions with the Indian government to procure BrahMos are already in advanced stages
- The discussions with Saudi Arabia which got delayed due to Covid19 pandemic, too are reported to be in advanced stages
Geostrategy
Saudi Arabia inks MOU with Spanish company to build combat ships
The agreement was signed in presence of Saudi Defence Minister Prince Khalid bin Salman and Spanish Minister of Industry, Trade...
- The agreement was signed in presence of Saudi Defence Minister Prince Khalid bin Salman and Spanish Minister of Industry, Trade and Tourism María Reyes Maroto
- Navantia "would localize up to 100 percent of naval shipbuilding, integration of combat systems, and ship maintenance