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
Geostrategy
WHO renews ties with Saudi drug authority for global cooperation
The approval is expected to transform the regional center into a global center covering the eastern Mediterranean and Africa.
- The move aims to contribute to the SFDA in assisting emerging countries in monitoring and regulating medical devices and supplies
- It also looks to benefit from the WHO’s expertise in various regulatory and supervisory areas in medical devices and supplies
Business
PIF launches Saudi Coffee Company
The Public Investment Fund (PIF) today announced the launch of the Saudi Coffee Company. The company is established to enable...
- The launch of the Saudi Coffee Company aligns with PIF’s strategy, which focuses on developing and enabling 13 promising sectors
- The Saudi Coffee Company’s primary goal is to ensure the national coffee industry is enabled along its entire value chain, from bean to cup
Interview
GCC firms should focus on digital change: QIB chief
Bassel Gamal, the Group CEO of Qatar's second-largest bank, tells TRENDS that leaders should empower their employees to make decisions.
- "Today, all GCC economies are recovering from the pandemic thanks to higher oil prices, supporting government spending and normalizing business activity."
- "The leadership has shifted towards a more collaborative approach, fostering teamwork, productivity, innovation and creativity."
Economy
Saudi inflation surges in April, food and beverages cost more
Annual inflation in Saudi Arabia has spiked to 2.3 percent in April, up from 2 percent in March. According to...
- the consumer price index, or CPI, in April 2022 has surged 2 percent when compared to the corresponding period a year earlier
- Food and beverages prices increased by 4.3 percent due to an increase in meat prices by 3.5 percent, and vegetable prices by 13.5 percent
Economy
Oman, India bilateral trade rises to $9.9b in 2021-2022
There has been a 94.8% increase in the number of Indian businesses registering with Oman MoCIIP’s Invest Easy portal, up...
- There has been a 94.8% increase in the number of Indian businesses registering with Oman MoCIIP’s Invest Easy portal, up from 450 in 2019 to 877 in 2021
- Qais Al Yousef was in India to develop new business opportunities and strengthen investment and trade ties in manufacturing, healthcare and renewables
Business
Talent war biggest business challenge: CBD head
Commercial Bank of Dubai CEO Dr. Bernd van Linder tells TRENDS that today’s business leaders must not only be consummate...
- “Although I have always been a firm believer in participative leadership, it is clear to me that business leadership is now less hierarchical and involves even more participation.”
- “To drive innovation, one of the key measures that leaders need to focus on is to encourage employees to take risks without the fear of failure.”
Geostrategy
Faster UAE growth likely under Mohamed bin Zayed
Under the President Sheikh Mohamed bin Zayed, the national economy will witness an acceleration in the implementation of its development...
- The 61-year-old took office after the death on Friday of his half-brother Sheikh Khalifa bin Zayed Al Nahyan
- Born in the capital on March 11, 1961, Sheikh Mohamed was sent to military school in Britain, where he graduated from the famed Royal Military Academy Sandhurst in 1979
Geostrategy
Sheikh Mohamed is new UAE President
The UAE's Federal Supreme Council today unanimously elected His Highness Sheikh Mohamed bin Zayed Al Nahyan as President of the...
- The UAE's Federal Supreme Council has unanimously elected Sheikh Mohamed as the country's president
- Sheikh Mohammed has succeeded the late Sheikh Khalifa bin Zayed Al Nahyan
Geostrategy
Jordan king meets Biden, thanks US for ongoing support
King Abdullah expressed appreciation for the US’ ongoing support for Jordan across all sectors, to enable the kingdom to pursue...
- King Abdullah expressed appreciation for the US’ ongoing support for Jordan across all sectors, to enable the kingdom to pursue economic development and regional stability
- President Biden expressed full support for Jordan and commended the Kingdom as a critical ally and a force for stability in the Middle East
Geostrategy
Tributes pour in after passing of Sheikh Khalifa
Tributes continue to pour in from around the world after the UAE announced the death of its president, Sheikh Khalifa...
- US President Joe Biden said Sheikh Khalifa was 'a true partner and friend of the United States'
- 'The EU honours his legacy & leadership under which the UAE became frontrunner of sustainable development & economic diversification'
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
Latest News
UAE president waives over $146 million debt for 1,214 Emiratis
The Non-performing Debt Relief Fund will settle the money owed by Emiratis to 17 banks and institutions.
Economy
OIC countries suffer US$63bn trade deficit in halal products; Turkey, Indonesia, Malaysia top exporters
The bloc's exports of halal products equaled US$275 billion, while their imports totaled US$338 billion last year, says the 2022...
Economy
Riyadh’s WTTC Summit to oversee signing of 50 deals
RIYADH, SAUDI ARABIA - Fifty deals and agreements are expected to be signed in the World Travel and Tourism Council...
Business
Most Read
Geostrategy
Commemoration Day enhances loyalty to nation, says UAE President
ABU DHABI, UAE - President Sheikh Mohamed bin Zayed Al Nahyan has said that November 30 is a day that...
- In a statement to mark Commemoration Day, Sheikh Mohamed spoke of the UAE's admiration and respect for those who gave their lives.
- Sheikh Khalifa bin Zayed Al Nahyan designated November 30 as a day to salute the precious sacrifices of the nation's martyrs.
Business
DIEZ posts 42% revenue jump
Its earnings grew by 17 percent in H1 of 2022.
- The results, according to the company, confirm that the DIEZ benefited from integrating returns on investment
- The increase in commercial licences and government services amounted to 49 percent
Science
All regions experienced water extremes in 2021, says UN
GENEVA, SWITZERLAND - All regions of the world saw water extremes last year - both floods and droughts - and...
- Large areas of the planet recorded drier than normal conditions in 2021, the UN's World Meteorological Organization said.
- Some 3.6 billion people face inadequate access to freshwater at least one month per year.