Maisarah leads Oman government’s successful sukuk issuance
MUSCAT, OMAN - Maisarah Islamic Banking Services, Islamic window of BankDhofar, acted as an Issue Manager for the Sovereign Sukuk...
Business
ADIB posts $272m net profit
Business
UNGA welcomes Qatar’s hosting of 2022 FIFA World Cup
The 2022 World Cup, organized by the international football association (FIFA), is the first such event in the Middle East.
- The 2022 World Cup, organized by the international football association (FIFA), is the first such event in the Middle East
- The General Assembly adopted its resolution under the title "The 2022 World Cup organized by FIFA in Qatar."
Business
QIC, QInvest partner to form asset management company
The new company, jointly owned by QIC and QInvest, will be a Sharia'a compliant entity, regulated by Qatar Financial Centre...
- The new company, jointly owned by QIC and QInvest, will be a Sharia'a compliant entity, regulated by Qatar Financial Centre Regulatory Authority
- Founded in 1964, QIC was the first domestic insurance company in Qatar. It is listed on the Qatar Stock Exchange
Geostrategy
Qatar gives $5m to Ukrainian refugees, reminds world of Syrian, Palestinian refugees
Al Khater reiterated Qatar's call for an immediate cessation of military action in Ukraine and securing humanitarian corridors to ensure...
- Al Khater reiterated Qatar's call for an immediate cessation of military action in Ukraine and securing humanitarian corridors to ensure aid access
- She called for resolution of the dispute through constructive dialogue and diplomatic methods, and avoiding what can lead to further escalation
Business
UAE tycoon slams bogus listicles
Forbes recently published Top 10 Richest Arab billionaires list and was criticized for ignoring many nationalities and known wealthy businessmen.
- Forbes recently published “Top 10 Richest Arab billionaires” list and was criticized for ignoring many nationalities and known wealthy businessmen
- Egyptian billionaire businessman Nassif Sawiris with $7.7 billion topped the Forbes list, followed by Algerian Yassaad Rabab and family at $5.1 billion
Business
Dubai issues 24,662 new business licenses in Q1 2022
Dubai has issued 24,662 new business licenses in Q1 2022, a report by the Department of Economy and Tourism (DET)...
- A DET Business Registration and Licensing report said 57 percent of the new business licenses issued during Q1 2022 were professional and 43 percent commercial.
- A total of 136,034 business registration and licensing transactions were completed during Q1 2022, a growth of 36 percent compared to Q1 2021.
Arts & Culture
What determines duration of a Ramadan fast?
The fasting hours are actually determined by geography and vary from one country to another. People in the relatively cooler...
- Hundreds of millions of Muslims across the world abstain from eating and drinking from early dawn to dusk. They also shun sex with their spouses during the fasting hours.
- Some places, like areas near the Arctic where sun appears never to set during certain months, pose a dilemma for the faithful.
Business
India’s Taj Group eyes Gulf expansion, to build hotel in Makkah
The luxury hotel chain is planning 15 new hotels in the next 10 years, which include at least 5 new...
- The luxury hotel chain has planned 15 new hotels in the next 10 years
- This includes at least 5 new properties in Dubai and a new hotel in Makkah
Business
President of Jordan Chambers praises reforms to boost business
President of the Jordan and Amman Chambers of Industry Fathi Jaghbir said Saturday that the National trade window to facilitate...
- Trade facilitation window had helped to reduce the time for clearance and boost the competitiveness of sectors, he said
- Single window for trade carries out the logistical measures of the Customs Department and other entities on clearance and export
Business
Real estate trade volume in Amman $1.6 billion by March end
The total real estate trading volume in Jordan by the end of March reached JD 1.414 billion ($1.6 billion). The...
- Iraqi investors ranked first with a total of 202 real estate sales and Saudi second with a total of 194 sales among non-Jordanian investors.
- Real estate sales in Amman were distributed over 6,077 apartments and 8,265,000 plots of land.
Business
Almarai posts $112m profit in Q1
The Saudi dairy company recorded 9% jump in net profit.
- The Saudi dairy giant posted the jump in profit for the first quarter of 2022 on the back of higher revenue
- Results were attributed to a hike in revenue of 23.6 percent and gross profit of 7.8 percent, even as selling and administration expenses went up
Maisarah leads Oman government’s successful sukuk issuance
MUSCAT, OMAN - Maisarah Islamic Banking Services, Islamic window of BankDhofar, acted as an Issue Manager for the Sovereign Sukuk...
Business
Company News
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ADIB posts $272m net profit
Business
Lulu Group, Amazon sign agreement
They will optimize online grocery shopping for UAE customers.
Business
Abu Dhabi DoH, Eversight to jointly set up UAE’s first eye, tissue bank
ABU DHABI, UAE - Abu Dhabi's Department of Health (DoH), the regulator of the healthcare sector in the Emirate, and...
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...
Business
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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
Business
ADGM’s new service highlights how metaverse may help in mediation as underlined at TOP CEO Conference
The ADGM Arbitration Centre has launched the world’s-first service that hosts mediation in the metaverse. Interestingly, it was one of...
- The ADGM Arbitration Centre has launched the world’s-first service that hosts mediation in the metaverse. Interestingly, it was one of the focuses of Dubai event held in May
- ADGM’s “mediation in the metaverse” service will provide a more immersive experience, enhancing virtual mediation by allowing the participants to access a 3D office space.
Business
Global intellectual property filings reached new records in 2021: WIPO
The latest data shows “continued and sustained growth” in intellectual property filings, “driven largely by increases from Asia.
- The latest data shows “continued and sustained growth” in intellectual property filings, “driven largely by increases from Asia
- Up by 5.5 percent, China and India showed strong growth in local patent filings along with South Korea, which jumped 2.5 percent