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
Business
Aramco, Egypt company sign non-binding crude oil supply pact
Aramco Trading Company signed on Wednesday a non-binding agreement with Egypt’s Red Sea National Petrochemicals Company for a long-term crude...
- The agreement will pave the way for Aramco Trading to buy products from Red Sea, which include polymers, olefins, and liquid refined and petrochemical products
- The Red Sea National Petrochemicals Company was established to meet the needs of the local market for refined and petrochemical products
Business
Borsa Istanbul to provide consultancy services to Abu Dhabi Securities Exchange
The MoU is the latest in a series of strategic partnership agreements signed by ADX as part of its strategy...
- The agreement was signed during the visit of the President Recep Tayyip Erdoğan of Turkey, to the UAE on Feb 15.
- Borsa Istanbul will also provide consultancy service to ADX in the establishment of systems, integration, updating the platform.
Business
DMCC to collaborate with C3 to initiate Impact Scale-Up program in Dubai
C3 is a UAE-based social enterprise empowering impact-driven entrepreneurs across the Middle East, Africa and Turkey.
- The comprehensive training and networking program will provide a proven blueprint to successfully enter the UAE market, and connect with local and regional investors.
- DMCC will offer a total of 20 "Impact" business licences to successful firms, providing them with substantial savings on business setup costs through 70 percent discount.
Business
UAE and Turkey to cooperate in agriculture, rural development
The pact is in line with the UAE’s leadership to enhance international cooperation and exchange of successful experiences.
- Areas of cooperation include agricultural pest control and plant protection, organic agriculture, technology-based agricultural production, food safety, food production.
- The two countries will also collaborate in the promotion of joint agricultural ventures between their private sectors, and development of specialized agricultural zones.
Business
MAWANI signs pact with Bahri to build logistics park
The Saudi Ports Authority (MAWANI) signed an agreement with shipping giant Bahri to build and operate an integrated logistics park...
- Once built, Bahri will manage operations at the state-of-the-art facility for a duration of 20 years.
- The 95436m2 logistics zone will provide storage and handling services for all types of inbound and outbound shipping containers.
Business
Dubai International Financial Centre records best performance in 17 years
Dubai International Financial Centre (DIFC) has reported its best annual performance to date, recording its highest ever annual revenue and...
- The Centre said it achieved its 2024 Strategy growth targets three years ahead of schedule during the first half of 2021.
- Revenue increased by 16 per cent to AED897 million year-on-year versus AED774 million in 2020, and up by 7 per cent from AED838 million in 2019 (pre-pandemic levels).
Economy
UAE industrial exports surge to $32.6bn in 2021: Ministry of Industry
According to the 2021 annual report released by the Ministry of Industry and Advanced Technology, the rise in exports coincided...
- Also, the National In-Country Value has succeeded in circulating AED41.4 billion ($11.5 billion) back into the local market.
- UAE rose five places—from 35 to 30-- in the Competitive Industrial Performance Index issued annually by the United Nations Industrial Development Organization.
Business
Abu Dhabi International Airport receives 5.26m passengers in 2021
Abu Dhabi International Airport has welcomed 5.26 million visitors in 2021 thanks to a fourth-quarter surge that saw 2.43 million,...
- The airport recorded 74,176 flights during the year compared to 61,034 in 2020, an increase of 21.5 percent.
- Abu Dhabi International's network also expanded significantly during 2021, with 103 destinations now being served compared to 75 destinations in 2020.
Geostrategy
17 Israelis arrested over attack on Palestinian village in January
Seventeen Israelis have been arrested on suspicion of involvement in a racist attack on a Palestinian village in the occupied...
- Armed with stones, clubs and "other objects", the assailants wounded one Palestinian and vandalized shops, vehicles and property in the village of Hawara.
- Human rights groups say that West Bank Palestinians face frequent attacks by Jewish Israelis and that perpetrators often go unpunished.
Economy
Algeria president announces unemployment benefit for youth
The payments will be made "to preserve the dignity of young people", Algerian president Tebboune said.
- The payments will be made "to preserve the dignity of young people", Algerian president Tebboune said
- It will be accompanied by medical benefits, while some taxes on consumer products will also be suspended
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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
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S&P raises Qatar’s credit rating citing its declining debt load
The rating agency predicts that increased oil prices would lead to significant fiscal surpluses in 2022–2023.
Economy
Saudi Arabia’s embassy in United States participates in ‘Cat Walk’
The Saudi ambassador to the United States, and a number of embassy staff were present on the occasion.
Arts & Culture
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Economy
Temporary employment contracts between countries need enhancements to boost efficiency, production
Sixteen member countries of the Abu Dhabi Dialogue that send and receive laborers discuss problems and welfare of the workers...
- Sixteen member countries of the Abu Dhabi Dialogue that send and receive laborers discuss problems and welfare of the workers during high-level meetings
- Several topics, including enabling member states to manage labor markets and enhance the welfare of laborers through modern technologies, come under review
Geostrategy
UAE’s FNC members discuss cooperation with German Parliament
Members of the UAE-EU Parliamentary Friendship Group of the Federal National Council (FNC), headed by Sarah Mohammed Falkinaz, Chairperson of...
- The two sides affirmed the importance of strengthening their parliamentary cooperation.
- They also discussed relations between the UAE and Germany and of enhancing them in science, health, higher education.
Business
Qatar Central Bank issues treasury bills, sukuk worth $1.6 billion
Doha--The Qatar Central Bank (QCB) has issued Treasury Bills and Sukuk for periods of one week, one month, three, six...
- The bills and sukuk for one week, one month, three, six and nine months worth QR 6 billion ($1.6 billion), and the auction attracted a record amount of bids totaling QR 9.75 bn.
- For September, the bank had issued treasury bills for three, six and nine months, with a value of QR 600 million ($164 million).