Grocery apps reap Ramadan benefits

• More than two years of the Covid-19 pandemic have led to a rise in the adoption of personal electronic devices
• This itself has led to a change in people’s behavior, especially when it comes to entertainment and ecommerce

Jordan’s electricity linkages with neighbors on track

• Work is underway to double the electric power exported to the Palestinian Jerusalem Electricity Grid through the Al Ram Electrical Station
• The move is expected to raise the volume from the current 40 MW to 80 MW, according to an agreement signed by the two sides

Investcorp may buy AC Milan

• Italian Serie A team AC Milan is a seven-time European soccer champion
• It was once owned by the country’s former Prime Minister Silvio Berlusconi

Emaar plans new Fujairah resort

• The Emaar Hospitality Group is the hospitality and leisure arm of Dubai-based developer Emaar Properties
• Palace Beach Resort Fujairah will reportedly be the third beach resort of its Address Hotels + Resorts collection

Saudi Arabia wants political solution to Russia-Ukraine conflict

• Russian troops entered Ukraine on February 24 to conduct what President Vladimir Putin said was a ‘special operation’
• Since then, Russia has pummeled targets across Ukraine, while suffering losses of its own, like the sinking of its flagship Moskva

Tunisia works to contain diesel spill after cargo ship sinks

• Tunisia’s Environment Ministry has said barriers will be put up and a perimeter set to contain the diesel spill from the vessel
• Divers are also expected to be mobilized to examine the extent of the spill and the infiltrated fuel will be pumped out

SAMA starts consumer microfinance licenses in kingdom

• Microfinance targets individuals and small businesses, including self-employed people
• Sulfah is the consumer microfinance company which is given a license by Saudi Central bank

ADX launches $17bn ‘Growth Market’ for private sector listings

• ADX said in a statement that as it replaces the Second Market, the Growth Market will continue to target startups, family businesses, and early growth companies
• It will allow companies to kickstart their path to joining capital markets through a direct listing, without the need for an initial public offering

Dubai Investments makes $258m profit from Emicool deal

Iran-Oman trade reaches a record $1.3b: Envoy

• Ali Najafi said that during the last Iranian year which ended on March 20, Iran’s exports to Oman were worth 716 million dollars
• Ambassador revealed that among Iran’s neighboring countries Oman ranks 6th in importing goods from Iran