Awaed Alosool launches Sharia compliant investment platform
RIYADH, SAUDI ARABIA - Awaed Alosool Capital announces the launch of the Awaed platform, revolutionizing investment opportunities in public listed companies....
Business
AD Ports, Kazakhstan Railways form venture to boost services
Abu Dhabi, UAE - AD Ports Group signed an agreement with Kazakhstan Temir Zholy JSC (Kazakhstan Railways to form a...
Business
Geostrategy
KSA, Greece partner to support growth of digital economy
The two countries discussed cooperation in establishing an advanced digital infrastructure.
- The two countries discussed cooperation in establishing an advanced digital infrastructure
- Partnership was reviewed between Saudi IT Minister Eng. Abdullah bin Amer Al-Sawaha and the Greek minister Adonis Georgiadis
Business
Sharjah Ramadan Festival to offer deals and discounts
The festival is organized by the SCCI in cooperation with local government departments, bodies, institutions, and the private sector.
- The 32nd edition of the festival comes after the SCCI launched an integrated strategy under the theme Sharjah Offers
- It will apparently feature activities to promote the experience across various regions and cities of Sharjah during Ramadan
Infographics
GCC countries lead the world in remittances
Over the past four years, GCC members have seen billions of dollars being remitted to other countries.
- Member nations of the GCC have always had a healthy representation of immigrants in their workforce
- As a result, these countries also see some of the largest amount of remittances sent out of them
Business
Qatar signs air services agreement with Jordan
The agreement is said to have been formally signed in Qatar’s capital city Doha.
- The Acting Chairman of Qatar’s General Authority of Civil Aviation, Mohammed Al-Hajri, inked the deal for his country
- Jordan’s Civil Aviation Regulatory Commission CEO Haitham Misto signed the agreement on behalf of his country
Business
UAE e-commerce hits $5bn in 2021, may surpass $8bn by 2025
E-commerce in the UAE surged to over $5 billion in 2021 and is projected to surpass $8 billion by 2025,...
- More consumers in the UAE made online purchases across all categories during 2021, compared to 2020, with 75 percent of respondents typically purchasing online.
- The UAE and Qatar are on top, with GDP-per-capita above $40,000 and internet penetration above 90 percent.
Business
NYU Abu Dhabi to host first Quantum Computing Hackathon
NYU Abu Dhabi (NYUAD) will host the region’s first-ever Quantum Computing International Hackathon with a focus on innovation, entrepreneurship, and...
- This year, more than 200 participants from more than 30 countries will convene at NYUAD and learn about quantum computing and quantum-based technologies
- Experts from businesses including Microsoft, AstraZeneca, IBM, AWS and qBraid will also be represented and available as a source of mentorships to the participants
Arts & Culture
Irthi Contemporary Crafts Council focuses on palm fiber at Art Dubai
The 15th edition of Art Dubai which displayed findings of its advanced palm fiber research and palm textile prototype, paving...
- Irthi Contemporary Crafts Council, an affiliate of the UAE-based NAMA Women Advancement, explored UAE’s relationship with date palm.
- It discussed how such local, environment-friendly materials could pave the way for the creation of a circular economy centered on palm waste.
Geostrategy
Arab Youth Council and HSBC to educate Arab students about climate action
HSBC sponsors the program that provides open-source sustainability skills, ideas and solutions to all university and college students in the...
- The two parties signed a pact by which they will cooperate in building the capacities of students and developing their skills.
- The two parties would collaborate to implement an interactive curriculum project available to all students of universities, colleges.
Business
Saudi Ports Authority posts 17.5 percent increase in cargo volume
Saudi Ports Authority has posted a 17.5 percent increase in its general cargo's volume of tons in 2022, compared to...
- The volume of tons has exceeded 24.4 million tons, while the number of transshipment containers has increased by 3.4 percent during that period
- However, the global supply chain disturbance has led to a decrease in Saudi ports’ volume of foodstuffs by 2.05 percent — and a fall in the number of livestock by almost 63 percent
Geostrategy
The first World Police Summit begins at Dubai Exhibition Center
The summit will address the needs and challenges of modern happenings such as cybercrime, urbanization, digital evolution and post-pandemic recovery.
- It is a four-day event hosted and organized by Dubai Police in collaboration with dmg events.
- The summit features themed conferences and keynote addresses and panel discussions with experts.
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Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
Awaed Alosool launches Sharia compliant investment platform
RIYADH, SAUDI ARABIA - Awaed Alosool Capital announces the launch of the Awaed platform, revolutionizing investment opportunities in public listed companies....
Business
Company News
ADNOC awards $980m contract
Business
Latest News
UAE urges global efforts for trade at B20 Summit in Indonesia
BALI, INDONESIA - Speaking at the B20 Summit in Bali, Indonesia, Minister of State for Foreign Trade Dr. Thani bin...
Geostrategy
Bahrain made the highest rate hike in GCC region
Many Gulf states, including the region's two biggest economies, raised key interest rates earlier this month after the US Fed...
Economy
Most Read
Business
UAE capital records real estate deals worth $5.72 billion in third quarter
Abu Dhabi, UAE--- Abu Dhabi's real estate market recorded a total of 4,441 transactions amounting to over AED 21.04 billion...
- Department of Municipalities and Transport said the emirate recorded 1,995 real estate sales worth AED 5.39 billion, and 2,446 mortgage transactions worth AED 15.64 billion.
- Yas Island topped the list logging transactions worth AED 1 billion, while Al Saadiyat Island coming in second with transactions worth AED 929 million.
Geostrategy
UAE, Indonesian Presidents to enhance bilateral relations
SOLO, INDONESIA - President Sheikh Mohamed bin Zayed Al Nahyan and President Joko Widodo of Indonesia held talks aimed at...
- The meeting came as part of the UAE President's working visit to Indonesia to participate in the G20 Leaders' Summit.
- The two Presidents exchanged views on several regional and international issues of common concern.
Economy
Etihad Credit Insurance issues $1.71 bn in trade guarantees in nine months
Dubai, UAE---Etihad Credit Insurance (ECI) has issued AED6.3 billion ($1.71 billion) in trade guarantees in the first nine months of...
- ECI's third meeting this year was told that with government's support, ECI has by far issued 7,936 revolving credit guarantees.
- These state-backed guarantees helped to protect and create 50,000 jobs by supporting companies, 72 percent of which were SMEs.