Dragon Oil, Turkmennebit ink MoU
Aim is to expand Dragon Oil’s investments in Turkmenistan.
Business
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
Company News
Latest News
SCCI, Moscow Chamber discuss trade, cooperation
SHARJAH, UAE - The Sharjah Chamber of Commerce and Industry (SCCI) discussed business and investment opportunities in the UAE and...
Business
DEWA commissions two new transmission substations
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) has commissioned a new 132/11kV substations in Al Awir First with...
Business
Abu Dhabi’s GDP expands by 11.2 percent in first half of 2022
The quarterly GDP growth rate reached its highest value in six years during the second quarter of 2022 which hit...
Economy
Most Read
Qatar records ‘impressive’ 94% attendance in World Cup first round
Doha, Qatar— After the first round of FIFA World Cup group stage matches were completed, official figures show that the...
- The highest match attendance of the tournament was the game at Lusail Stadium on 24 November, with 88,103 there to see Brazil beat Serbia 2-0
- For all other matches, a minimum 40,000-seater capacity is required, with the demountable Stadium 974 being the most compact of all Qatar 2022 venues (44,089)
Science
MoCCAE highlights role of UAE Climate Change Research Network
SHARM EL SHEIKH, EGYPT - The Ministry of Climate Change and Environment (MoCCAE) organized an awareness session on the UAE...
- The network aims to support collaborative research programs by creating a platform for engaging the academic and scientific community.
- Drawing the participation of 100 attendees, the event explored several key topics, including promoting science and policy engagement for climate action.
Geostrategy
Iran’s Khamenei says negotiating with US won’t end recent ‘troubles’
TEHRAN, IRAN - Iran's supreme leader Ayatollah Ali Khamenei said Saturday that negotiating with the United States would not put...
- Iran has seen weeks of demonstrations sparked by the September 16 death in custody of 22-year-old Kurdish-Iranian woman Mahsa Amini.
- She had been arrested for an alleged breach of the country's strict dress code for women.