Over 12m people visit Riyadh Season in 60 days
RIYADH, SAUDI ARABIA - Two months after their launch, on October 11, 2023, Riyadh Season events had already attracted 12...
Arts & Culture
Sheikh Hamdan issues resolution regulating single-use products in Dubai
DUBAI, UAE - Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive...
Geostrategy
Business
Qatar Development Bank investments in SMEs exceed $27 million
For the first time, direct investments supervised by Qatar Development Bank in SMEs has exceeded QR 100 million ($27 million)....
- The total amount of direct and indirect investments in the bank’s portfolio has reached QR 220 million.
- The Bank held the 4th edition of the Investment Forum, in which it launched the first investment platform of its kind in the State of Qatar.
Business
Saudi Arabia to host Global Cybersecurity Forum in November
The National Cybersecurity Authority is organizing the annual event under the theme Rethinking the Global Cyber Order.
- Over two days, experts from around the world are expected to gather to address the most pressing issues facing the cyberspace
- These include the evolving international order in cyberspace, the state of cybersecurity threats, and the solutions to threats
Economy
Morocco unveils new tourism promotional campaign
"Morocco, Land of Light" aims to position Morocco among the most coveted global tourist destinations and strengthen its attractiveness to...
- "Morocco, Land of Light" aims to position Morocco among the most coveted global tourist destinations and strengthen its attractiveness to the international public
- The campaign is the cornerstone of the Morocco promotional action dedicated to international tourism, both in traditional and emerging markets
Economy
Iran exports to Africa up by 107% to $1,195m
The first five countries for Iranian exports were Ghana ($353 million), South Africa ($254 million), Nigeria ($125 million), Mozambique ($98...
- The first five countries for Iranian exports were Ghana ($353 million), South Africa ($254 million), Nigeria ($125 million), Mozambique ($98 million), and Kenya ($77 million)
- Sixth to tenth were Sudan with $73 million, Algeria with $67 million, Tanzania with $55 million, Somalia with $29 million, and Ethiopia with $11 million
Business
Saudi Arabia licenses 109 new factories worth $667m in March
The total number of factories that began actual production in Saudi Arabia reached 261 in March, with investments reaching $1.6...
- With the new licenses, the total number of factories across the country is now 10,489
- Meanwhile, the total number of workers in these licensed factories stands at 3,497
Science
UAE-made MBZ-SAT to be launched in late 2023: Al Marri
The satellite made by Emirati engineers will support the Emirati space sector as it is the most advanced high-resolution satellite...
- The satellite made by Emirati engineers will support the Emirati space sector as it is the most advanced high-resolution satellite in the region
- Al Marri said that a specialist team was sent to South Korea 17 years ago, which led to the establishment of the current Emirati space programme
Business
AMF signs MoU with Afreximbank
Buna and PAPSS will act as payment gateways that link the Arab region to the African continent
- Buna and PAPSS will act as payment gateways that link the Arab region to the African continent
- The collaboration will support the growth of trade and investments between the Arab region and Africa
Economy
Lebanon annual inflation surges more than 200%
Annual Inflation in Lebanon has spiked to 208 percent in March despite the intervention of the country's Central Bank. According...
- According to the government data, transportation costs rose 489 percent compared to March 2021, with health expenses up 441 percent
- Food and beverages climbed 390 percent, while restaurant and hotel costs went up by 349.45 percent
Business
ADNEC’s launches, successes in 2021
The company said it added about $653m to Abu Dhabi's economy.
- The company said it made significant investments and expanded its mandate to the leisure tourism sector, which contributed to a strategic approach to diversifying the portfolio.
- In collaboration with SEHA, ADNEC was a key player in delivering critical support for Abu Dhabi and the UAE in mitigating the impact of COVID-19, the company said.
Business
Tadawul sets up SAC
The stock exchange established Shariah Advisory Committee.
- The committee consists of representatives from the Kingdom’s largest financial institutions, who will work towards a unified Shariah-compliant rulebook
- The committee will also undertake the responsibility of overseeing and approving the list of Shariah-compliant listed companies on a periodic basis
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Over 12m people visit Riyadh Season in 60 days
RIYADH, SAUDI ARABIA - Two months after their launch, on October 11, 2023, Riyadh Season events had already attracted 12...
Arts & Culture
Company News
Latest News
UAE University’s agriculture college launches campaign to cut food waste
AL AIN, UAE - The College of Agriculture and Veterinary Medicine at the United Arab Emirates University launched an awareness...
Science
Qatar ready to provide up to $10 billion in funding to Turkey: sources
Turkish and Qatari official are in the final stages of talks to work out the modalities of extending the funding.
Economy
UNWTO says investments key to transform tourism
Marrakesh, Morocco—The UN World Tourism Organization (UNWTO) convened its 117th Executive Council in Marrakesh, Morocco, as the sector’s recovery continues...
Economy
Most Read
Ibn Khaneen: First Saudi driver to compete in FIA WTCR 2022 series
He will become the 91st driver to race in the WTCR. He will drive an Audi RS3 with Comtoyou Team...
- He will become the 91st driver to race in the WTCR. He will drive an Audi RS3 with Comtoyou Team Audi Sport
- After winning Bahrain's Championship for 2000 in 2018 and 2019, Khaneen won third place in the 2018-2019 season of the Jaguar I-Pace Championship
Business
Abu Dhabi’s GDP expands 11.2% in the first half of 2022: SCAD
The quarterly GDP growth rate reached its highest value in six years during the second quarter of 2022.
- The quarterly GDP growth rate reached its highest value in six years during the second quarter of 2022
- The growth is seen as a reflection of the Emirate's ability to sustain growth despite global economic challenges
Business
ADDED joins hands with Prototype to support technology innovation
Abu Dhabi, UAE— The Abu Dhabi Department of Economic Development (ADDED) has partnered with Prototype Interactive to support inventors in...
- Inventors, backed by ADDED’s Takamul programme, will utilise Prototype Interactive’s latest technologies and techniques to develop their ideas
- Since its inception until the end of October 2022, the Takamul programme has evaluated 1,013 patent applications, and supported 377 applications