Mumtalakat, Investcorp ink pact
The firms have jointly launched a climate investment platform.
Business
Rising global temperatures in focus as COP28 kicks off in Dubai
Dubai, UAE--Rising sea levels, vanishing Arctic landscapes, fading coral reefs, acidic oceans, and raging forest fires are common occurrences today....
COP28 UAE
Business
UAE Chambers, Indian Ocean Rim Association explore enhancing cooperation
Humaid Mohammed bin Salem, Secretary-General of the UAE Chambers said that the UAE's private sector plays a pivotal role in...
- Humaid Mohammed bin Salem, Secretary-General of the UAE Chambers said that the UAE's private sector plays a pivotal role in boosting cooperation with countries of the IORA
- He made this statement during his meeting at Expo 2020 Dubai with the visiting Chair of the Indian Ocean Rim Business Forum (IORBF) Fazal Shaikh
Business
Arab News joins hands with Arab Women Forum
Arab women leaders will share their success stories, challenges and opportunities at the Forum organized by Special Edition in Dubai...
- Senior government officials, women business leaders, academicians, technocrats, and entrepreneurs are expected to participate in this year’s Forum
- The Forum will discuss topics ranging from the image of Arab women to the issues with a quota system, workplace of the future, women entrepreneurs and Arab women in technology
Geostrategy
Bahrain pledges $1 million as aid for refugees fleeing Ukraine
UN Secretary-General Antonio Guterres had called for resources to meet the increasing humanitarian needs in Ukraine.
- Ukrainians and people from other nationalities, without discrimination, will benefit from the relief, said Bahrain's Royal Humanitarian Foundation.
- The relief is also in response to an urgent appeal from the United Nations and the Regional Refugee Response Plan.
Business
Dubai Airports launches ‘DAWN’ to empower women
Dubai Airports, the operator of Dubai International (DXB) and Dubai World Central (DWC), has announced the launch of the new...
- The DAWN platform will provide a range of networking and knowledge sharing opportunities while contributing to Dubai Airports’ ability to maintain a balanced work environment
- It was launched on International Women’s Day, which celebrates the social, economic, cultural, and political achievements of women
Business
King Abdulaziz Port records highest daily container throughput
The King Abdulaziz Port in Dammam recorded the highest daily container throughput at Saudi ports by handling a total volume...
- The port succeeded in achieving the feat through its integrated operational mechanism of maritime and logistical services.
- The landmark milestone was reached when COSCO Shipping Capricorn with an overall length of 400m docked at the Dammam port.
Geostrategy
Toolkit launched to help business fight illegal wildlife trade funding
The government of the UAE has worked with the UK government to launch a toolkit to support financial institutions in...
- The illegal wildlife trade is the fourth-largest organized crime after drugs, human trafficking, and counterfeiting, costing $23 billion annually.
- According to the WWF, approximately 20,000 African elephants are killed by poachers each year, and rhino poaching has soared since 2007.
Economy
Remittances: Ukraine flows may rise by 8 percent, Central Asian countries hit
Remittances to Ukraine, which were around 12 percent of its GDP and nearly three times the size of foreign direct...
- Remittances were around 12 percent of Ukraine's GDP and nearly three times the size of foreign direct investment in 2021.
- Azerbaijan, Armenia, Tajikistan, and Uzbekistan received more than 50 percent of their remittance inflows from Russia from Q1-Q3 2021.
Business
Saudi Monsha’at launches portal for entrepreneurs
Young entrepreneurs in Saudi Arabia will now have access to the National Business Innovation Portal, providing them with necessary tools...
- The Small and Medium Enterprises General Authority, also known as Monsha’at, and the King Abdulaziz City for Science and Technology unveiled the portal
- The newly launched portal includes a set of specialized sections that guide business innovators through the stages necessary to bring a project to success
Business
Sharjah Entrepreneurship Foundation discusses SMEs funding requests
The Project Finance Committee of the Sharjah Entrepreneurship Foundation (Ruwad) has approved AED300,000 finance for a project that will work...
- The Foundation’s Project Finance Committee approved AED300,00 finance for a health fitness service program.
- The total approved financing by the end of February amounted to AED33 million, of which AED14.4 million were directly financed by the institution.
Business
Saudi Crown Prince inaugurates World Defense Show in Riyadh
Saudi Arabia's Crown Prince Mohammed bin Salman has inaugurated the four-day-long World Defense Show in Riyadh, organized by the General...
- Over 590 global companies representing 42 countries are participating in the event
- A number of national government agencies in the defense, military and security sectors are also among those taking part
Most Read
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
Mumtalakat, Investcorp ink pact
The firms have jointly launched a climate investment platform.
Business
Company News
e& forays into the metaverse
Business
Latest News
Paris Peace Forum: Queen Rania calls for paradigm shift in response to global crises
The Queen explained that the global refugee crisis has reached "epic proportions" with the number of displaced people around the...
Technological innovations drive climate action across GCC, say UAE, Saudi leaders at COP27
The Kingdom has moved from ambition to action during the past two years to empower people, protect the planet and...
Economy
UAE ministry launches Green Business Toolkit 2.0 at COP27
The Ministry of Climate Change and Environment (MOCCAE) introduced the second edition of the UAE Green Business Toolkit in partnership...
Science
Most Read
Economy
TotalEnergies CEO heckled by climate activists at COP27
Sharm el Sheikh, Egypt—French giant TotalEnergies' chief executive was confronted by climate activists Friday at the COP27 summit in Egypt, where...
- The company's Chief Executive Patrick Pouyanne was confronted by a number of activists, forcing him to briefly take cover in the Guinean pavilion
- Global Witness estimates that the number of lobbyists at this year's climate summit has increased by 25 percent compared to last year's gathering in Glasgow
Geostrategy
Bahrainis vote to elect members to Council of Representatives
People are choosing their candidates for the 40-member Council of Representatives, one of the two chambers of the bicameral parliament.
- People are choosing their candidates for the 40-member Council of Representatives, one of the two chambers of the bicameral parliament
- Those living abroad or visiting foreign countries had an advance polling on Tuesday in the 37 voting centers set up in diplomatic missions across the world
Business
PIF to sell Tadawul stake
It will sell 10% of its stake, amounting to 12m shares.
- According to a bourse filing, PIF, which has over $600 billion in assets, is selling 12 million shares in Tadawul Group
- The fund has hired both HSBC Saudi Arabia and Morgan Stanley Saudi Arabia to act as joint global coordinators, as well as Al Rajhi Capital to act as joint book-runner