ACWA Power starts commercial ops at phase 2 of Dubai’s Noor Energy
RIYADH, SAUDI ARABIA – ACWA Power Co said it received the initial commercial operation certificate from the Dubai Electricity & Water Authority...
Business
Business
UAE Food and Beverages from Latin America reached $1.9 bn in 2020
The UAE’s food and beverage imports from Latin America reached $1.9 billion in 2020 as the Gulf country expanded its...
- Dubai Chamber of Commerce revealed UAE expanded its efforts to enhance food security.
- The Chamber's analysis estimates the untapped potential of Latin American food and beverage exports to the UAE at $800 million.
Business
Moody’s calls transfer of Aramco shares to PIF as credit positive
Moody's has termed the share transfer of Saudi Arabia’s Aramco to the Public Investment Fund as credit positive as it...
- The transaction, which saw Aramco transferring a 4 percent stake to PIF, will also improve the fund’s sector diversification, and will add an asset that regularly pays dividends
- PIF’s assets will increase by SR296.4 billion ($79 billion) following the transfer, or 20 percent higher than in 2020
Arts & Culture
Works of Syrian artists on display in Qatar
The Qatar Through Syrian Lens Exhibition was inaugurated in Building 19 of the Cultural Village Foundation (Katara), in cooperation with...
- The exhibition reflects the strength of ties between the Qatari and Syrian people, and highlights the place the State of Qatar occupies in the hearts of Syrians, organizers said.
- Syrian artists displayed photographs from the desert, archeological sites, markets, as well as modern places and high-rise buildings.
Business
Jordan’s 26 companies to take part in Baghdad intel Fair
Jordan's minister praised the Ministry of Communications for its achievements in the communications and information technology sector.
- Jordan's minister praised the Ministry of Communications for its achievements in the communications and information technology sector.
- Jordanian Ministry and the joint companies will hold a series of meetings in order to discuss cooperation
Business
Saudi Arabia elected as Head of ICAO’s Regional Aviation Safety Group for Middle East
The election took place during the ninth session of the group’s meetings hosted in Riyadh from 14-17 February 2022.
- The election took place during the ninth session of the group’s meetings hosted in Riyadh from 14-17 February 2022
- The RASG-MID aims to develop an integrated data-driven strategy and implement a work program that supports a regional safety management performance framework
Economy
Riyadh Economic Forum to hold 10th session in November
Chairman of the Riyadh Chamber Ajlan Al-Ajlan said the generous patronage from the king Salman bin Abdulaziz has enhanced the...
- Chairman of the Riyadh Chamber Ajlan Al-Ajlan said the generous patronage from the king Salman bin Abdulaziz has enhanced the role of the forum
- The forum is a strategic, economic and ideological center that contributes to diagnosing the main economic and development issues of the national economy
Business
UAE to promote innovation in home businesses
This was discussed at panel discussion about "Innovation in Home Businesses" which was organised by the Ministry of the "UAE...
- This was discussed at a panel discussion about "Innovation in Home Businesses" which was organised by the Ministry of the "UAE Innovates-February 2022"
- Minister of Community Development Buhumaid highlighted outstanding success stories for national entrepreneurs and small business owners to inspire the UAE productive families
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.
Company News
Latest News
Saudi F-15S jet crashes, pilots eject unharmed
The aircrew, consisting of two officers, survived the incident after using the ejector seat.
Suez Canal Authority to invest US$550m in current fiscal
Cairo, Egypt— Suez Canal Authority will make an investment of $550 million in the current fiscal year, according to Minister...
Business
UAE to unveil its Net Zero by 2050 roadmap at COP27: Almheiri
‘The UAE is also working on a comprehensive assessment of the status and movement of sustainable financing solutions, including green...
Economy
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Business
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...
- The project started last month to produce and sell primary quantities of fuel oil and supply it to local electric power stations.
- Acting CEO of KIPIC Waleed Al-Bader said the operation is important and a mainstay of the country's development plan.
Geostrategy
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...
- Sheikh Abdullah bin Zayed Al Nahyan, UAE Minister of Foreign Affairs, met with Josep Borrell, Vice-President of the EU Commission.
- The two also reviewed the latest developments on the regional and international arenas, including the Ukranian crisis.
Videos
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...
- Doha and Riyadh have been selected to host the upcoming editions of the Asian Games---Doha in 2030 and Riyadh in 2034.
- The mountain resort of Trojene, which is being developed in Saudi Arabia's futuristic Neom city, will host the 2029 Asian Winter Games.