Sharjah records real estate transactions worth US$980m in October 2023
SHARJAH, UAE – A total of 3,798 transactions were conducted here in October 2023 across various regions of the emirate,...
Business
Economy
WB ready to pair with Tunisia to implement reform program
The World Bank has also offered to continue the implementation of ongoing cooperation projects in the country.
- The World Bank has already promised $400 million (about 1,152.5 million dinars) to support Tunisia's social reforms
- Other financing was expected to follow to support SMEs, acquire vaccines, and provide the necessary health support
Economy
Iran, Qatar to form joint gas extraction study group
The oil ministers of Iran and Qatar will discuss gas swap, common stances in the global market and forming a...
- The two ministers will discuss gas swap, common positions in gas trade and global markets, and establishing joint knowledge-based companies in the field of oil and energy
- The oil ministry source also said that they are expected to discuss forming a joint working group to study the reservoir of South Pars gas field
Business
Europe’s Investment in Palestinian economy touches $1.61bn
Around 60% of $1.61 billion were committed only in the last two years showing remarkable growth in mobilization of finance...
- A high-level policy meeting on Friday in Ramallah revealed this data of European Investments in Palestine
- A big bulk of investments is for boosting access to finance for SMEs, the backbone of the Palestinian economy
Business
Venture capital invests $548m in Saudi start-ups
The investment spans several sectors including e-commerce, financial technology, education and transportation
- This was up from SR236 million ($63 million) in 2018, according to a Saudi Venture Capital (SVC) Impact Report
- The number of investors in Saudi startups rose by 192 percent, reaching 76 in 2021, up from 26 three years earlier
Geostrategy
Qatar to distribute cash assistance for February to Gaza needy
Cash assistance will be provided at a rate of USD 100 per family.
- Cash assistance will be provided to about 100,000 needy families in the governorates of Gaza Strip, at a rate of $100 per family.
- The aid will be distributed through the United Nations, and nearly 300 distribution centers in the governorates of Gaza Strip.
Business
UAE, Hungary sign MoU to establish joint business council
The UAE Federation of the Chambers of Commerce and Industry (FCCI) and the Hungarian Chamber of Commerce and Industry (HCCI)...
- The MoU was signed by Hamid Mohammed bin Salem, FCCI Secretary-General, and Péter Szijjártó, Minister for Foreign Affairs and Trade of Hungary.
- The parties inked the MoU at the Hungarian pavilion at Expo 2020 Dubai on the sidelines of the third meeting of the UAE-Hungarian Business Committee.
Economy
Governors of UAE and Turkey central banks to collaborate in banking sectors
The meeting was held on the sidelines of the official visit of Turkish President to the UAE.
- The currency swap agreement was signed in January 2022, which promotes the financial, commercial and investment interests of the two countries.
- Senior officials from both the central banks were present in the meeting which was held in Abu Dhabi.
Business
Majority of Saudi nationals positive about tourism sector jobs: Study
A sizable number of Saudis look positively at jobs in the tourism sector, according to a study by the kingdom's...
- Overall, 80 percent of respondents felt that there were plenty of opportunities for career learning, while 75 percent felt careers in tourism will provide long-term stability.
- The regions with the highest interest in careers in tourism include Tabuk (91 percent), Hail (86 percent), Asir (85 percent), Riyadh (82 percent) and Al Jouf (83 percent).
Business
Ghazl El Mahalla of Egypt puts off its listing to April
The Egyptian football club Ghazl El Mahalla has put off its listing on the stock exchange to April. The listing...
- The prospectus, according to Mohamed Maher, from investment bank Prime Holding, for the initial public offering on the Egyptian bourse will be completed within days
- The sporting club had earlier closed a private placement of 37 million pounds ahead of the public offering
Business
Dubai records $1.22 billion worth of weeklong real estate transactions
A total of 2,098 real estate transactions worth AED4.5 billion ($1.22 billion) were conducted during the week ending 18 February...
- A total of 252 plots were sold for AED1.1 billion, 1,437 apartments and villas were sold for AED2.47 billion.
- Among the top three transactions was a plot of land in Palm Jumeirah that sold for AED60 million.
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Sharjah records real estate transactions worth US$980m in October 2023
SHARJAH, UAE – A total of 3,798 transactions were conducted here in October 2023 across various regions of the emirate,...
Business
Company News
Latest News
IHC buys 54% stake in Emircom
Business
COP27 summit opens as world races against climate clock
Just in the past few months, climate-induced catastrophes have killed thousands, displaced millions and cost billions in damages across the...
Geostrategy
UAE, Jordan ministers discuss global, regional issues
Jordan's Deputy Prime Minister and Minister of Foreign Affairs and Expatriates Ayman Safadi met with UAE Minister of Foreign Affairs...
Geostrategy
Thousands of cyclists take part in annual Dubai Ride
Tens of thousands of cyclists rode down the skyscraper-lined superhighway that meanders through the middle of Dubai on Sunday morning,...
Business
Most Read
Business
Great editors act as teacher, help create great authors
“I have two very important roles - the first, to be the mouth-piece for my authors in the publishing house,...
- The job as an editor is to form a truly intimate relationship (with authors), and forge a wonderful friendship, says an expert
- An editor is like a surgeon; we have to be precise with our criticism but also remain sensitive to our authors to give them constructive feedback, another expert adds
Geostrategy
Saudi, Australian ministers discuss trade, bilateral ties
Saudi Minister of Industry and Mineral Resources Bandar bin Ibrahim Al-Khorayef met the Australian Assistant Minister of Industry for Manufacturing...
- The Saudi delegation’s visit to Australia also included participating in the International Mining and Resources Conference + EXPO (IMARC).
- The Saudi delegation highlighted initiatives to develop the industrial sector.
Analysis
Total broad money supply in Qatar reaches US$189bn in September 2022
The Planning and Statistics Authority (PSA) has released the 105th issue of (Qatar; Monthly Statistics) bulletin for the month of...
- One of the most prominent changes is the increase in the general index by a positive month-on-month change rate of 1.22 percent compared to August 2022.
- The largest increase was in the entertainment and culture category with 6.03 percent, compared to the previous month.