ADIB lists $500m green sukuk on LSE
The bank marked the issuance of its $500 million green sukuk.
Business
Saudi delegation takes part in Riyadh Expo 2030 symposium in Paris
PARIS, FRANCE - A high-level Saudi delegation attended the Riyadh Expo 2030 Symposium, on the outskirts here, hosted by the...
Business
Economy
Jordan was subjected to 897 cyberattacks in 2021: Minister
The attacks reportedly focused on sovereign institutions, financial and economic targets, and even individuals.
- Jordan’s Minister of State for Media Affairs, Faisal Shboul, said at a a press conference that the country was subjected to 897 cyberattacks in 2021
- He was accompanied by the head of the National Cyber Security Center, Ahmed Melhem, as they discussed Jordan’s efforts in the cybersecurity field
Economy
Lebanon electricity supply may rise to 8-10 hours a day soon
Gas from Egypt and Jordanian electricity is expected to help Lebanon restore electricity supply to 8-10 hours a day soon.
- The Lebanese have been suffering a financial crisis that has led to power supply being restricted to a mere couple of hours per day
- The country even witnessed an all-encompassing blackout in October last year as power-generating fuel ran out in the country
Business
DIMC, P&O Marinas ink deal to promote marine sports in Dubai
The deal they signed is expected to support the development in various activities and events in the field of marine...
- DIMC is the government entity responsible for organizing marine sports activity in the emirate
- Dubai-based marina operator and yacht destination P&O Marinas is a subsidiary of DP World
Geostrategy
Qatar Red Crescent Society project in Kurdistan benefits thousands
QRCS Warm Winter campaign this year aims at meeting the food and winterization needs of around 42,040 families.
- The purpose of the project is to empower the displaced Iraqis and Syrian refugees at camps and beyond.
- This will help them to withstand the harsh conditions during the cold winter and improve their living conditions.
Geostrategy
461m Dubai riders used taxis, public and shared transport in 2021
Nearly 461 million riders in Dubai used public transport, shared transport and taxis, which include metro, tram, public buses, marine...
- Dubai’s Roads and Transport Authority (RTA) said the number compares well with the number announced in 2020: about 346 million riders.
- The daily average of riders using mass transit means and taxis last year reached 1.3 million riders, compared to about 948,000 in 2020.
Business
Jordan apprises US delegation of trade opportunities in kingdom
A workshop held by the JCC and working meetings with a number of ministers and representatives of official entities, universities...
- The joint cooperation is to support economic cooperation, scientific research and joint business development
- The delegation met King Abdullah, and was briefed on trade and investment opportunities in the Kingdom
Business
Nahdi posts $226million profit
The Jeddah-based pharma retailer plans to float 30 percent of its capital.
- The Jeddah-based pharma retailer made revenues of SR8.6 billion ($2.3billion) during the year
- Nahdi currently operates over 1,150 pharmacies across the Kingdom and a rising number in the UAE
Geostrategy
Saudi Arabia looks to start fifth round of direct talks with Iran
Saudi Arabia may initiate another round of direct talks with Iran despite a “lack of substantive progress” in previous rounds.
- Prince Faisal said if the 2015 nuclear pact was revived that should be “a starting point, not an end point” in order to address regional concerns
- Iranian Foreign Minister Hossein Amir Abdollahian said his country was “ready to achieve a good deal at the earliest possible time"
Videos
GCC startups begin 2022 on a promising note
Digital economy has driven the startup investment upsurge in the MENA region in 2021.
- In 2021, more than 50 per cent of the world’s private investment funding went to startups in the United States.
- The other four top countries with the most private funds invested are China, the UK, India and Germany.
Business
Kamco Invest net profit $34m
Total revenue nearly doubles to reach $99.5m in 2021.
- Revenues from fees and commissions increased by 34.3 percent compared to 2020 to reach KWD20.2m.
- The company said it raised over $1.1 billion for several products and transactions, distributed around $235mn to clients.
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
ADIB lists $500m green sukuk on LSE
The bank marked the issuance of its $500 million green sukuk.
Business
Company News
Latest News
Commercial operations begins at Al-Zour Refinery project in Kuwait
Kuwait City, Kuwait - The Kuwait Integrated Petroleum Industries Company (KIPIC) has started commercial operations of the first phase of...
Business
UAE, EU can jointly tackle challenges like climate change: Borrell
Abu Dhabi, UAE - UAE and European Union discussed ways to enhance cooperation relations in multiple issues of mutual concern...
Geostrategy
Middle East’s sports path to boosting tourism
The Arabian Gulf countries have hosted some of the biggest sporting events during the past decade. The World Cup is...
Videos
Most Read
Science
‘UAE to reveal implementation map of Net Zero 2050 at COP27’
Minister of Climate Change and the Environment Mariam bint Mohammed Almheiri said the UAE’s participation in the 27th session of...
- A UAE minister said the COP27 focuses on financing and ensuring equitable participation of developing countries in climate action efforts.
- She said the UAE will invite the world to participate in the efforts to spread and use renewable energy.
Business
GAL signs MoU with GMF
The MoU is aimed at maintenance, repair, overhaul.
- The MoU also provides for cooperation in the field of capability development to attract domestic and international military markets.
- GAL is a UAE company engaged in aircraft Maintenance, Repair and Overhaul.
Geostrategy
‘Five including four police officers killed in Iran’
Four Iranian police officers and one "terrorist" have been killed in separate incidents in the strife-torn country, state media and...
- Iran has been rocked by over seven weeks of nationwide protests over the death of 22-year-old Kurdish Iranian woman Mahsa Amini.
- Amid the wider unrest, clashes have rocked Sistan-Baluchistan province, which borders Pakistan and Afghanistan.