UAE approves Dubai Metro Blue Line project
DUBAI, UAE - Vice President, Prime Minister and Ruler of Dubai Sheikh Mohammed bin Rashid Al Maktoum has approved the...
Geostrategy
EGA begins work on pilot plant to convert bauxite residue into manufactured soil
ABU DHABI, UAE – Emirates Global Aluminum (EGA) on Thursday announced the construction of a pilot plant to convert bauxite...
Business
Business
Aramco discovers four natural gas fields in Saudi Arabia
The exploration of natural gas will further enhance Saudi's status as the premium exporter of energy sources.
- The four major areas are in the Central Region, the Empty Quarter, the Northern Border Region and the Eastern Region.
- The four fields where the natural gas has been found are named as are Shadun, Shehab, Um Khanasser and Samna.
Geostrategy
Jordan, Tunisia review bilateral ties, ways to boost health cooperation
The ministers of Jordan and Tunisia discussed ways to enhance bilateral ties, especially in health cooperation. Jordan’s Health Minister Firas...
- Jordan’s Health Minister Firas Al Hawari met with Tunisian counterpart Ali Mrabet on Saturday in Amman
- The ministers reviewed establishing health facilities such as cancer treatment centers and structures for monitoring communicable diseases.
Economy
Tunisia allots $10.4m to ‘social and solidarity economy’
Tunisia has devoted a budget of 30 MD ($10.4m) to the social and solidarity economy for the next three years.
- Minister of Employment and Vocational Training Nasreddine Nsibi said this during a seminar
- The Minister stressed that the social and solidarity economy will allow the creation of new jobs
Economy
World Bank to support Iraq higher education with $5m
The World Bank (WB) announced that it would support the higher education sector in Iraq with an amount of $5...
- The project of World Bank will support the Ministry of Higher Education and Scientific Research in Iraq
- World Bank will also help to develop centers of excellence in sectors of agriculture and renewable energy
Economy
UAE non-oil foreign trade grows by 27 percent in 2021 to $517 billion
The government said the non-oil foreign trade figures of all emirates also witnessed growth individually in varying levels. The growth...
- The value of national non-oil exports amounted to about AED 354 billion, setting a new record, exceeding AED 300 billion for the first time in its history.
- China ranked first as the country's largest trading partner in 2021, accounting for 11.7 percent of the UAE's total foreign trade with the world.
Arts & Culture
Forward-looking UAE museum looks into the future
The Museum of the Future along Dubai's main highway has been touted as the 'world's most beautiful building'.
- Its organizers have said the visitors will be taken “on a journey of the year 2071”.
- Many believe the Museum of the Future is UAE’s one more attempt to boost its soft power as a trading and tourism hub and to diversify its economy away from oil.
Business
e& of UAE to foray into international markets for growth
e&, the UAE telecom firm, is looking to widen its operations overseas and push growth across all business segments.
- The company intends to do this by pursuing regional growth opportunities as well as tapping into markets beyond telecom
- E&’s “telecom arm” will maintain its rebranding in the UAE and internationally
Geostrategy
UAE wants political solution to Ukraine crisis: Anwar Gargash
Anwar Gargash, UAE Minister of State for Foreign Affairs and adviser to President Khalifa Bin Zayed Al-Nahyan, made these comments...
- The world is facing a difficult test and severe polarization imposed by the Ukrainian crisis, which threatens the foundation of international community, Gargash said.
- Ministry of Foreign Affairs and International Cooperation (MoFAIC) had expressed particular alarm at the consequences for civilians present in Ukraine.
Business
Shares of Ma’aden shoot up 6% on the back of record earnings
Shares of Ma’aden, the Saudi mining company, vaulted six percent in trading on Sunday when news broke of its record...
- Amid a jump in commodity prices, the miner turned into a profit of SR5.2 billion in 2021, after making losses of SR280 million a year ago, according to a filing
- Despite solid results, the company said it won't pay any dividends to shareholders for 2021 “based on the company’s need to continue funding its current and future projects”
Business
Saudi stocks post gains in early trading as oil prices decline
Saudi stocks posted gains in the early hours of trading on Sunday due to a dip in the prices of...
- Arabian Mining Co, known as Ma'aden, gained 6.92 percent to top the gainers in early trading after posting a profit of SR5.23 billion ($1.4 billion) in 2021
- Aramco, the largest player in the Saudi oil market, gained 0.97 percent.
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UAE approves Dubai Metro Blue Line project
DUBAI, UAE - Vice President, Prime Minister and Ruler of Dubai Sheikh Mohammed bin Rashid Al Maktoum has approved the...
Geostrategy
Company News
Multiply Group buys 80% of IEH
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Latest News
Abu Dhabi to host World Islamic Economic Forum in 2024
Launched in 2005 by the WIEF Foundation, the WIEF is a global platform created to promote and discuss the latest...
Economy
Biden’s upcoming foreign trip to focus on Climate, Ukraine, China
Biden's tour would include meetings of ASEAN and the Group of 20 industrialised nations in Cambodia and Indonesia.
Geostrategy
Most Read
Business
Al Arabia’s profit up 43%
Its profit rose to $52 million in first nine months.
- The Riyadh-based firm, partly owned by media giant MBC group, saw its revenue jump 64 percent to $216 million
- It added that the results were bolstered by the company's efforts to enhance regional expansion and enter new projects and strategic partnerships
Economy
AIIB, GEAPP partner to fund the energy transition in Asia and beyond
The partnership will address the energy transition challenges around the world through the identification of co-financing opportunities for projects.
- The partnership will address the energy transition challenges around the world through the identification of co-financing opportunities for projects
- The partnership follows extensive cooperation between AIIB and GEAPP over the last year and is the first time AIIB has partnered with a global foundations-led initiative
Videos
Video: TOP CEO Conference discusses fake news in May, months later social media giants take action
Facebook, Instagram, Twitter and other social media platforms have reportedly blocked campaigns aimed at influencing opinion in Central Asia and...
- Facebook, Instagram, Twitter and other social media platforms have reportedly blocked campaigns aimed at influencing opinion in Central Asia and the Middle East
- Businesses in the MENA region are at an increased risk from online fake news which costs US$80 billion to the global economy every year