UAE adopts Ramadan working hours for federal authorities

• The decision also allows federal authorities to implement flexible working and remote work systems on Fridays during the month
• The rules for working from home stipulate that both employees and their work should meet related requirements

Bahrain signs Artemis Accords to bolster space cooperation

• Joining the accords will give Bahrain new opportunities for cooperation and investment in the space field
• It is also expected to facilitate the exchange of expertise among its signatories of the Artemis Accords

Iraq’s February oil exports highest in last two years

• The rate of Iraq's exports during the month amounted to 3.314 million barrels per day
• The revenues for March will be higher than the last month, based on the current market data

Dubai sees weeklong real-estate transactions worth $1.91bn

Bahrain signs pact with Cisco

• The agreement was signed on the sidelines of the visit of Crown Prince Salman bin Hamad Al Khalifa to the United States
• The CEO of the Bahrain Information and eGovernment Authority, Mohammed Ali Al Qaed, said that the pact reflects the Kingdom’s commitment to adopt latest technological trends

Dubai Gold & Commodities Exchange Feb trades total $13.68 bn

• The exchange registered a monthly Average Open Interest (AOI) of 125,206 contracts during February and saw its precious metals' portfolio lead trading activity.
• DGCX's West Texas Intermediary (WTI) Futures gained traction following increased volatility in oil markets.

Dubai International Boat Show to feature 800 brands from 54 countries

• This is MENA yachting industry's first international in-person event since the COVID-19 pandemic. It will run at Dubai Harbour.
• The region home to 12.6 percent of global superyachts, the world's second-highest fleet-to-billionaire ratio.

Telecom Egypt reports $535m profit

• The rise in profit came in line with a 16 percent surge in revenues year-on-year, reaching 37 billion Egyptian pounds
• The Egypt-based company also contributes to national digitization projects

Saudi exports to touch $354bn by 2030: Standard Chartered

• According to a report prepared by Standard Chartered, 18 percent of global corporations already manufacture or source in Saudi Arabia
• The Future of Trade 2030 report named India as the fastest-growing export corridor for Saudi Arabia with an average annual growth rate of 10.9 percent from 2020 to 2030

Al Arabia posts $55m profit

• Profits of the Riyadh-based firm, partly owned by media giant MBC group, soared as the advertising industry rebounded from pandemic-hit 2020
• The economic recovery, along with a continued digitization push in the Kingdom, led to a 45 percent increase in revenues year-on-year to SR720 million