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
Morocco FM, Kosovo counterpart discuss ties, regional developments
The two top diplomats stressed their keenness to continue joint action that brings together Amman and Pristina.
- The two top diplomats stressed their keenness to continue joint action that brings together Amman and Pristina
- “Respecting the historical and legal status quo is the only way to restore calm in the holy city”, Safadi said
Economy
Saudi Q1 GDP grows by 9.6%
The growth was fueled by oil activities that increased by 20.4 percent. Non-oil activities saw a rise of 3.7 percent,...
- The growth was fueled by oil activities that increased by 20.4 percent and non-oil activities which saw a rise of 3.7 percent
- The figures showed that the seasonally adjusted real GDP grew by 2.2 percent in the first quarter of 2022 compared to the previous year
Business
EDB reaffirms its commitment to financial inclusion in the UAE
The Emirates Development Bank (EDB) has restated its commitment to financial inclusion in the UAE with a range of financial...
- EDB has reaffirmed that it is able to empower SMEs through direct or indirect financing, including a credit guarantee program
- It has launched new services that support financial inclusion, including its digital solution for SMEs and start-ups, which resulted in more than 1,000 new accounts being created
Business
UAE reaffirms support to workers’ rights
The UAE has reaffirmed its support for workers' rights on the Workers' International Day. Dr. Abdulrahman Al Awar, Minister of...
- The Minister made the statements as he visited Al Naboodah Labour Accommodation in Al Awir, Dubai, on the occasion of the International Workers' Day
- "The UAE's celebration of the Workers' International Day is reflective of the State's respect for all workers on the Emirati soil"
Economy
OFID to finance $14.3 million for Nigeria-Morocco Gas Pipeline’s study
Morocco and the OPEC Fund for International Development (OFID) have signed the pact on the partial funding of the second...
- Co-funded by the Islamic Development Bank (IDB), the study consists in preparing the documentation for the implementation of the NMGP project.
- The project is intended to be a catalyst for the economic development of the North-West African region.
Business
Arab Bank Group Q1 net income $166m
The net income increased by 29.4 percent compared to $128.3m for Q1 2021.
- The Group loan portfolio grew by 5 percent to reach $35.2 billion as of March 31, 2022 compared to $33.5 billion for Q1 2021.
- Customer deposits grew by 3 percent to reach $47.3 billion compared to $45.8 billion for the same period last year.
Videos
Middle East: What are the most influential values?
Different values are given different magnitudes of priority across the world. Here are the ones that the Middle East is...
- Different values can become an influence for any number of reasons
- These could be range from geography to climate to even religion
Economy
CBUAE puts into circulation new AED5 and AED10 banknotes
The Central Bank of the UAE (CBUAE) has announced that the new AED5 and AED10 banknotes have entered circulation in...
- The CBUAE in collaboration with the UAE Banks Federation (UBF) has provided the new AED5, AED10 and AED50 notes
- The new denominations have been replenished to dedicated ATMs from participating banks across the country
Business
Swvl to buy Zeelo of UK
The buyout will give Swvl a foothold in developed markets.
- The buyout will provides Swvl, which has locations in Dubai and Cairo, with a launchpad to land and expand business operations in developed markets
- The transaction is expected to be completed in May 2022
Business
IDB lists US$ 1.6 billion Sukuk on Nasdaq Dubai
The first public Sukuk issuance from IsDB in 2022 strengthens its position as the largest supranational institution.
- The first public Sukuk issuance from IsDB in 2022 strengthens its position as the largest supranational institution
- The Bank successfully priced the 5-year Trust Certificates at par with a profit rate of 3.213%, payable on a semi-annual basis
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
JAHEZIYA, Enekom ink pact
Business
Abu Dhabi Airports announces 4.7m passenger traffic in Q3 2022
ABU DHABI, UAE - Abu Dhabi Airports Monday said that in Q3 2022 passenger traffic totaled 4.7 million passengers, a...
Business
‘Dai Gallery’ for Arab artists kicks off in Cairo with Qatari participation
The month-long exhibition includes works by 142 Arab artists in photography, painting, sculpture, and graphics.
Arts & Culture
Qatar’s records trade balance surplus of $6.8 billion in Oct 2022
Doha, Qatar---Qatar's merchandise trade balance recorded a surplus of QR 25.1 billion ($6.8 billion) in October this year, an increase...
Economy
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Geostrategy
Turkish, Egyptian ministers to meet to build ties: Erdogan
Erdogan and Egypt's President Abdel Fattah al-Sisi shook hands last week in Qatar, signalling a fresh beginning in their ties.
- Erdogan and Egypt's President Abdel Fattah al-Sisi shook hands last week in Qatar, signalling a fresh beginning in their ties
- Relations between Ankara and Cairo have been strained ever since Mohamed Mursi of the Muslim Brotherhood, who was firmly backed by Erdogan
Economy
Jordan makes two big seizures of captagon pills on Syrian border
Amman, Jordan— Jordan has seized a big haul of drugs being smuggled into the kingdom from Syria in two different...
- Border guards at the Jaber border crossing, Jordan’s main border crossing with Syria, on Sunday seized 10,000 Captagon pills and 1 kg of crystal meth hidden inside a truck
- A day earlier the Eastern Military Zone in Jordan seized 564 palm-sized sheets of hashish, 20,000 Captagon pills, a Kalashnikov rifle and ammunition
Economy
AMF signs US$1bn agreement to shore up Yemeni government reforms
Riyadh, Saudi Arabia—The Arab Monetary Fund has signed a $1 billion agreement with the Yemeni government to shore up the...
- The program seeks to contribute to backing efforts made to implement reforms to strengthen the financial status of the Yemeni government,
- It seeks to promote comprehensive and sustainable economic growth, create job opportunities and push sustainability of Yemen's economy