BCI’s subsidiary secures US$100m loan from SIDF
RIYADH, SAUDI ARABIA - Basic Chemical Industries Co.'s (BCI) subsidiary Chemical Marketing and Distribution Co. Ltd. secured a loan from the Saudi...
Business
Mawani gets 79.01 points in UNCTAD’s Liner Shipping Connectivity Index for Q4 2023
RIYADH, SAUDI ARABIA – The Saudi Ports Authority (Mawani) attained its highest improvement in the UNCTAD's Liner Shipping Connectivity Index...
Economy
Economy
SEWA carried out 35 lighting projects during 2021
Dr. Eng. Hassan Al Zarooni, Director of the Electricity Distribution Department, said the projects support its efforts to achieve sustainability...
- Dr. Eng. Hassan Al Zarooni, Director of SEWA said the projects aim for sustainability through energy conservation
- This comes as part of the Sharjah’s efforts to design and implement road lighting networks in all regions
Arts & Culture
DEWA launches Ramadan campaign for sustainability
The campaign reportedly supports the Dubai Clean Energy Strategy 2050 and the Dubai Net Zero Carbon Emissions Strategy 2050.
- During the campaign, DEWA is organizing virtual and physical awareness lectures to encourage the community to do a number of things
- It is also organizing several virtual events, competitions, and internal lectures in Arabic and English, about the values of Ramadan
Economy
KSA converts its deposit with Central Bank of Mauritania into soft loan
The move comes as an extension of the Kingdom’s continuous support for the people and government of the Islamic Republic...
- The move comes as an extension of the Kingdom’s continuous support for the people and government of the Islamic Republic of Mauritania
- The support aims to contribute to promoting inclusive and sustainable economic growth, in addition to opening new financing channels
Business
NBQ reports Q1 profit of $26.3m
Its net profit increased 26.26% from the same period last year.
- The cost to income of NBQ stood at 27.11 percent during three months
- It reflected the bank's operational efficiencies and disciplined cost management
Business
Gulf Biotech Company becomes second drug producing firm in Bahrain
The licensed plant will manufacture a variety of injectable human healthcare formulations such as vials, ampoules and prefilled syringes.
- National Health Regulatory Authority (NHRA) announced that it had licensed the medical firm.
- The injectable drugs will be subjected to final inspection to be granted a Good Manufacturing Practices.
Business
Ajman Chamber membership grows by 35 percent in 2021
The membership of the Ajman Chamber of Commerce and Industry (ACCI) grew by 35 percent in 2021, according to Muhammad...
- The number of new members reached 7,704 during 2021, compared to 5,723 members during 2020.
- New commercial licenses for the previous year was 4,238 membership, 2534 professional membership and 131 industrial memberships.
Geostrategy
Egypt bristles at Israel-run dance festivals in Sinai
Israeli-organized twin dance festivals in the Sinai have sparked outrage in Egypt as they come just days before the anniversary...
- The Nabia and Grounded festivals coincides with the Jewish Passover holiday, and also come as Muslims observe fasting in Ramadan
- The festivals follow events in which more than 150 Palestinian worshippers were injured on Friday in clashes with Israeli security forces
Economy
Wheat harvesting begins in villages of Oman’s Adam Wilayat
The Department of Agriculture and Water Resources in the Wilayat of Adam in the Governorate of A'Dakhiliyah has started harvesting...
- The cultivation of wheat crop begins in Adam in November until March each year.
- Wheat is harvested in a number of villages using modern machines instead of the traditional method.
Business
Egypt turns to India to import much needed wheat
Egypt will import wheat from India to compensate for the loss of wheat supplies from Ukraine and Russia, the north...
- El-Said Marzouq El-Qosair, Egypt’s minister of agriculture and land reclamation, said this comes within the framework of the state’s efforts to secure new sources of wheat
- Egypt is the largest importer of wheat in the world and depends on Russia and Ukraine, which have been in conflict for nearly two months
Arts & Culture
Shaikh Zayed Mosque receives visitors to major events in UAE
More than 1.26 million people have visited Shaikh Zayed Grand Mosque, which has been a leading destination for visitors of...
- The events include Expo 2020 Dubai, the FIFA Club World Cup, the fifth UMEX and SIMTEX, the International Defence Industry Technology and Security Conference.
- The mosque also hosted 51 visits from local and international academic institutions, in addition to 293 visitors representing various international media outlets.
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BCI’s subsidiary secures US$100m loan from SIDF
RIYADH, SAUDI ARABIA - Basic Chemical Industries Co.'s (BCI) subsidiary Chemical Marketing and Distribution Co. Ltd. secured a loan from the Saudi...
Business
Company News
Latest News
Jordan, Egypt discuss various aspects of transportation
ALEXANDRIA, EGYPT - Jordan's Minister of Transport Maher Abu Al-Samen discussed with his Egyptian counterpart Kamel Al-Wazir ways and means...
Geostrategy
First batch of Certified Government Legal Advisors graduate from ADJA
ABU DHABI, UAE - The Abu Dhabi Judicial Academy (ADJA) celebrated the graduation of the first batch of the foundation...
Economy
Lulu Group, Amazon sign agreement
They will optimize online grocery shopping for UAE customers.
Business
Most Read
Business
ADFD, AIIB to strengthen cooperation over sustainable economic development
Al Suwaidi welcomed AIIB’s decision to opt for Abu Dhabi as the preferred location to have its first operational office...
- Al Suwaidi welcomed AIIB’s decision to opt for Abu Dhabi as the preferred location to have its first operational office outside of China
- He and Jin Liqun discussed ways to enhance cooperation between ADFD and the bank over the Energy Transition Accelerator Financing initiative
Business
Aldar ties up with ADGMA to nurture local talent
Abu Dhabi— Aldar has partnered with the Abu Dhabi Global Market Academy (ADGMA) to develop a range of talent development...
- Since the introduction of the NAFIS program in September 2021, Aldar has hired more than 260 Emiratis across the group
- The collaboration aims to enhance both entities’ contribution towards the UAE’s knowledge-based economy and foster the next generation of business leaders in the private sector
Business
Affirma Capital seeks to exit its stake in Jordan-based Fine Hygienic Holding
Affirma is in talks with Moelis & Co. on the sale of its minority stake in the company, sources told...
- Affirma is in talks with Moelis & Co. on the sale of its minority stake in the company, sources told the agency
- The Middle East is becoming increasingly attractive to private equity players thanks to strong post-pandemic economic growth