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
Oman to expand production of green hydrogen to boost non-oil economy
Hong Kong - The government of Oman’s targets to expand local green hydrogen production could support key credit metrics, such as...
Business
Business
Stc to buy stake in Giza
The firm will buy controlling stake for $158 million.
- the Saudi company will buy 89.49 percent of Giza Systems from Inergia Technologies for Information Systems, in addition to 34 of Giza Arabia, a subsidiary of Giza Systems
- It's subject to approval from the authorities in Saudi Arabia and Egypt, the company added
Economy
UAE announces $2m prize for startups in agritech innovation
The UAE has announced a prize of up to $2 million for startups that can offer technology innovations to transform...
- The FoodTech Challenge is organized by the UAE Ministry of Climate Change and Environment and Tamkeen.
- It is targeted at early-stage start-ups, ranging from international university-based research teams to individual entrepreneurs and small firms.
Business
Industries Qatar, Mesaieed Petrochemical Holding to establish PVC plant
Being the first PVC plant in Qatar, the project aims to position Qatar as a new regional player in the...
- Being the first PVC plant in Qatar, the project aims to position Qatar as a new regional player in the PVC production
- The plant will not only boost private sector industrial investments, but also provide a home-grown source of PVC
Business
76.5% of firms in Dubai recorded growth during Expo 2020: Report
Dubai Chamber of Commerce facilitated 1,500 bilateral business meetings between UAE investors and their global counterparts, and received 1,746 visiting...
- Titled, 'Business Integration for Growth, Digital Transformation and Global Partnerships' the report was developed by the Chamber in collaboration with Oxford Business Group
- Dubai Chamber of Commerce organized 98 events during Expo 2020 Dubai, which were attended by more than 25,000 participants from over 130 countries
Economy
UAQ signs agreements to support blue economy strategy
The emirate of Umm Al Quwain has signed a series of agreements to enhance cooperation and partnership to achieve its...
- In 2017, the World Bank defined blue economy as the ‘sustainable use of ocean resources for economic growth, improved livelihoods, and jobs’
- The aim of UAQ’s Sustainable Blue Economy Strategy is to enhance investment attractiveness while developing the natural, cultural, and human wealth
Videos
UAE, Saudi Arabia in key global pension index
Here’s a look at what landed the UAE and Saudi Arabia among some of the better countries with a pension...
- A good pension scheme could help a person retire with varying degrees of financial independence
- It depends on factors like their monthly pension amount, passive income, and overall expenditure
Economy
Jordan saw its GDP grow 2.2% in 2021 as compared to 2020
The numbers come from a quarterly statistical report released on Sunday by the Department of Statistics.
- The country’s GDP inched up by 2.6 percent in the fourth quarter of last year compared to the same period in 2020
- The construction sector expanded 6.1 percent in the reporting period, followed by the extractive industries at 5.6 percent
Geostrategy
Saudi Arabia pledges support for Yemeni-Yemini consultations, truce
Saudi Deputy Minister of Defense Prince Khaled bin Salman bin Abdualziz reaffirmed his country’s commitment to establishing security, peace and...
- "The Kingdom of Saudi Arabia hopes that the truce will contribute to the political efforts to reach a political settlement," Prince Khaled said
- The Yemeni Prime Minister and the members of his cabinet valued the continuous support provided by the Kingdom of Saudi Arabia for the Yemeni people
Arts & Culture
Riyadh Season 2021 ends, welcomes more than 15 million visitors
Middle East’s largest entertainment event, Riyadh Season 2021, which concluded on March 31, welcomed more than 15 million visitors, according...
- Organized by the Saudi Arabia’s General Entertainment Authority, the first edition of the event was launched in 2019 and saw more than 10 million visitors.
- Riyadh Season 2021 hosted eight international exhibitions on fashion, technology and communications, electronic games, perfumes, plastic arts, and crafts.
Business
Saudi Venture Capital and Flat6Labs launch $40m seed fund
Saudi Venture Capital and Flat6Labs have teamed up to launch a $40 million startup seed fund.
- During the next three years, the fund aims to back startups with growth potential, and provide over 20 startups each year with seed capital
- The fund’s size, which is around SR150 million ($40 million), will be utilized in the investment of early-stage startups operating in the technology and innovation sectors within S
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
Company News
Latest News
Global economic woes take toll on GCC contracts
High inflation and the West's sanctions on Russia for its Ukraine invasion besides the supply chain disruptions caused by China's...
Infographics
Masdar Green acquires properties
The 3 Pearl rated properties in Masdar City are worth $254m.
Business
Dubai Aerospace acquires Sky Fund Irish I
Sky Fund I leases aircraft to 14 airline customers.
Business
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Geostrategy
Blinken to arrive in Qatar for strategic dialogue, World Cup
Washington, US— US Secretary of State Antony Blinken is going to arrive in Doha on Monday to support Team USA...
- Blinken will be in Qatar between 21 and 22 November, where he is scheduled to meet senior Qatari officials
- The Qatar-US Strategic Dialogue, which will be held on Tuesday, is expected to address security cooperation, trade and investment, humanitarian assistance and human rights
Business
FIFA World Cup: Coca-Cola Middle East launches locally produced 100% rPET bottles
350ml Coca-Cola, Sprite and Fanta bottles, plus 500ml Arwa water bottles, will be available to consumers.
- 350ml Coca-Cola, Sprite and Fanta bottles, plus 500ml Arwa water bottles, will be available to consumers
- The Coca-Cola Company has has been an official sponsor of the FIFA World Cup since 1978
Business
AD Ports Group and Transmar launch new Pakistan Service
The new container shipping service links Karachi with the region’s major ports within UAE, KSA, Egypt, Jordan, Sudan and Djibouti.
- The new container shipping service links Karachi with the region’s major ports within UAE, KSA, Egypt, Jordan, Sudan and Djibouti
- The new route will contribute to AD Ports Group’s strategic objectives of increasing regional and global connectivity