Jordan takes steps to raise position in Global Food Security Index, says minister
AMMAN, JORDAN - Agriculture Minister Khaled Al-Hneifat said the ministry has been working hard over the past year to create...
Geostrategy
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
Geostrategy
Saudi Arabia pledges support to Lebanon in ‘tough times’
The Saudi ambassador to Lebanon, Waleed Al-Bukhari, has pledged the kingdom's support to Lebanon and its people during 'tough times.'...
- The Lebanese presidency said in a statement that the Saudi diplomat's remarks came during his visit to the Lebanese President Michel Aoun in Baabda Palace earlier today
- Al-Bukhari briefed President Aoun on the working mechanism of the Saudi-French joint Fund, allocated to humanitarian aid
Business
Dubai Next expects increase in ‘fund seekers’
Dubai Next, the digital crowdfunding platform that has attracted many young innovators and start-up ideas, is anticipating an increase in...
- This follows the country approving a federal system for such platforms recently
- Between the first three months and now, the campaigns have increased by 50 percent
Arts & Culture
More than half of Abu Dhabi population reads regularly: Poll
The number of people in Abu Dhabi who have developed a habit of reading regularly has increased from 38 percent...
- The poll said 79 percent of population prefers reading online, while 92 percent think that Abu Dhabi government entities have done their part in fostering the reading culture.
- According to the poll results, 61 percent of the respondents who do not read regularly said they do not have enough time to develop a reading habit.
Expo 2020 DUBAI
Expo 2020 was a ‘truly remarkable World Expo’: Dimitri S Kerkentzes
Terming the hosting of Expo 2020 Dubai as a 'truly remarkable World Expo, Dimitri S Kerkentzes, Secretary-General of the Bureau...
- Secretary-General said "Expo 2020 Dubai became a beacon of unity and hope, one that reminded us of the importance of human solidarity and international cooperation"
- He added: "It has shown that by connecting the world, we can explore the realm of infinite possibilities for the benefit of humanity"
Business
KSA and Kuwait call on Iran to hold talks on divided gas field
Saudi Arabia and Kuwait have appealed to Iran to hold negotiations on demarcating the eastern boundary of the submerged Dorra...
- Both countries have previously invited Iran for negotiations, but there was no response from Iran
- The field is expected to produce 1 billion cubic feet of natural gas per day with 84,000 barrels of condensate daily
Business
ADQ invests in Egypt
The Abu Dhabi-based firm has an office in Cairo.
- These transactions are part of ADQ's commitment to investing in the country’s economic growth through its $20 billion joint strategic investment platform.
- The transactions include stakes in Commercial International Bank (CIB), one of Egypt’s largest banks.
Economy
KSA to back joint Arab actions, develop regional economic ties
The Cabinet authorized the Tourism Minister to discuss tourism promotion with Iraq.
- The Cabinet authorized the Tourism Minister to discuss tourism promotion with Iraq
- Approval was also given for an MoU between Saudi Arabia and Algeria in housing field
Business
Sumou, Al Shabab sign contract
The Saudi real estate firm will develop club's land in Riyadh.
- The contract is for the purpose of leasing and investing the club’s land located on King Fahd Road and Olaya Road
- Sumou will pay an annual rental fee of SR19.3 million
Business
UAE Central Bank, Bank of Korea renew bilateral currency swap pact
The agreement will allow the exchange of local currencies between the two central banks of up to AED20 billion and...
- The agreement will allow the exchange of local currencies between the two central banks of up to AED20 billion and up to KRW6.1 trillion for five years
- "The agreement with the Bank of Korea contributes significantly to the development of financial markets in both countries,” Mohamed Balama said
Economy
Qatar, UK ink pact on food safety, environmental health
Qatar Food Safety and Environmental Health Department Director Wassen Abdullah Al Bakr said that the agreement would enhance food safety...
- Qatar Food Safety and Environmental Health Department Director Wassen Abdullah Al Bakr said that the agreement would enhance food safety in Qatar
- It provides a framework for enhanced cooperation in food safety research, particularly food contaminant and risk management analyses
Jordan takes steps to raise position in Global Food Security Index, says minister
AMMAN, JORDAN - Agriculture Minister Khaled Al-Hneifat said the ministry has been working hard over the past year to create...
Geostrategy
Company News
Latest News
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...
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...
Economy
KEZAD Group breaks ground on UAE’s largest e-commerce fulfilment centre
The 252,000 square metre fulfilment centre facility is being designed and developed by KEZAD Group under a Build-to-Suit agreement.
Business
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Geostrategy
Future depends on measures we take today: UAE envoy
"Both of our national leaders (in the UAE and China) are keenly aware of the fact that, as two advanced...
- It is especially incumbent upon us to be active global stakeholders at this precarious time, says Ali Obaid Al Dhaheri, UAE Ambassador to China
- "It is worth noting the geographical scope of recent climatic cataclysms to remind ourselves this is a responsibility we all share," says the UAE envoy
Business
AD Ports to conduct ‘joint training exercise’ at Delma Port
Abu Dhabi, UAE— AD Ports Group will conduct a joint training exercise at Delma Port on November 24. The exercise,...
- Thirteen government entities are scheduled to participate in the joint exercise, in addition to some entities from the private sector
- It will enhance the capabilities of AD Ports Group and other participating entities for addressing potential risks in incidents that require a coordinated response
Economy
Aircraft orders drive US manufactured goods demand
A pick-up in aircraft orders boosted demand for big-ticket US manufactured goods in October, with numbers rising more than expected,...
- Orders for defense aircraft and parts soared 21.7 percent from September to October.
- Surging inflation in the United States and supply chain problems have proven a challenge to industry and consumers.