45 percent of Saudi employees work over 40 hours per week
Riyadh, Saudi Arabia -- Nearly 45.8 percent of employees in Saudi Arabia work more than 40 hours per week and...
Business
Makkah, Morocco’s Beni Mellal-Khenifra Chambers of Commerce ink pact
MAKKAH, SAUDI ARABIA - The Makkah Chamber of Commerce and Industry and the Chamber of Commerce, Industry, and Services of...
Business
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.
Business
Ekar kicks off car rentals in KSA
A person can rent out his vehicle on the ekar platform.
- Ekar’s entire process of renting vehicles is contactless, as the rented cars will be activated through an app, which unlocks the vehicle, while the keys are inside the car
- This feature aims to reduce the chances of theft and unauthorized access
Business
Dubai Logistics City Customs Centre clears goods worth $435m in Q1
Dubai Logistics City Customs Centre completed 48,000 transactions and cleared goods valued at AED 1.6 billion in the first quarter...
- The Centre facilitates processes and operations of companies and traders.
- In particular, the Centre handles the shipments of the International Humanitarian City, the largest humanitarian logistics centre in the world.
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45 percent of Saudi employees work over 40 hours per week
Riyadh, Saudi Arabia -- Nearly 45.8 percent of employees in Saudi Arabia work more than 40 hours per week and...
Business
Company News
Latest News
ADFD to finance building, upgrade of water projects in Argentina
Abu Dhabi, UAE---Abu Dhabi Fund for Development (ADFD) will finance a water project in Cordoba province of Argentina under an...
Business
Jordan Minister calls for MENA-Europe electric connection project
AMMAN, JORDAN - Jordan's Minister of Energy Saleh Kharabsheh stressed on the importance of conducting an electrical interconnection project to...
Geostrategy
Most Read
Economy
ADDED digitally links freezones in Abu Dhabi
ABU DHABI, UAE - The Abu Dhabi Department of Economic Development (ADDED) has completed the e-link project with four freezones...
- The e-link with freezones helps in providing info and data of the beneficial owner of economic establishments in line with laws and regulations in the UAE.
- They will enhance the country status in following highest level of international standards of transparency and governance.
Economy
Saudi fund deposits $237m into accounts of housing beneficiaries
Riyadh, Saudi Arabia---Saudi Arabia has deposited 891 million riyals in subsidy to the beneficiaries of a housing program, Iskan, aimed...
- The subsidy for the month of November was deposited into the accounts of the Sakani beneficiaries by the Real Estate Development Fund.
- Since the launch of the program in June 2017, a total of 42.6 billion riyals has been provided to its beneficiaries.
Economy
Tourism recovery reaches 65% of pre-pandemic levels
An estimated 340 million international arrivals were recorded in the third quarter of 2022 alone, almost 50% of the nine-month...
- An estimated 340 million international arrivals were recorded in the third quarter of 2022 alone, almost 50% of the nine-month total
- Travel was boosted by strong pent-up demand, improved confidence levels and the lifting of restrictions in an increasing number of destinations