Arab ministers meet in Jordan, seek resolution to Gaza conflict
AMMAN, JORDAN – Foreign ministers from key Arab nations – including Saudi Arabia, the United Arab Emirates, Egypt, Qatar, and...
Geostrategy
Economy
Dubai Supreme Council of Energy approves 2030 carbon strategy
The approval came at a meeting chaired by the council’s chairman Sheikh Ahmed bin Saeed Al Maktoum.
- The council approved the updated plans and objectives to reduce carbon emissions by 30 percent by the end of 2030
- This move is expected to, among other things, support the UAE’s efforts to achieve carbon neutrality by 2050
Science
UAE cooperation could help Rwanda launch own satellites: Minister
Rwanda is keen to have the UAE’s cooperation to utilize geospatial data in developmental projects in key sectors.
- Geospatial data is globally being leveraged and utilized in policy decisions and program implementation
- A Rwandan minister said her country knows UAE is advanced in this area, would like to learn from it
Geostrategy
Iran wants better relation with neighbors, says official
Since connecting with neighbors is of utmost importance in Iran’s foreign policy, the current administration has set a transparent framework...
- President Ebrahim Raisi has time and again emphasized the development of mutual ties with neighboring countries, said the official
- The country's Ministry of Foreign Affairs has put on agenda several programs regarding its neighbors nations
Geostrategy
Jordan and US talk ties and renewed partnership
Jordan’s Foreign Minister Ayman Safadi, who is also the deputy prime minister, praised the US for its support for his...
- The trio reportedly discussed the newly-signed MoU on the two countries’ partnership
- The new MoU replaces the previous one that will end at the end of September this year
Business
Iran says Russia will invest $83.58m in Sirik power plant
Iran has confirmed that Russia will invest $83.58 million in Sirik power plant based in southern Iran.
- After discussions, the Russian Ministry of Finance agreed to invest in the 1400-megawatt (MW) gas-powered plant
- Some seven Iranian companies are working in the project, employing 250 manpower directly and indirectly
UAE and China resolve to bolster economic ties
Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces,...
- President Xi Jinping thanked Sheikh Mohammed bin Zayed for attending the opening ceremony of the Olympic Winter Games
- Sheikh Mohammed attended a grand banquet hosted by the Chinese president to welcome the dignitaries from across the world
Business
Iraq keen to benefit from Egypt: Central Bank Governor
Iraq is keen to benefit from the Egyptian Investment Authority, the Governor of Iraq’s Central Bank Mustafa Ghaleb said on...
- Iraq’s Central Bank Governor Mustafa Ghaleb met Mohamed Abdel Wahab, CEO of the Egyptian General Authority for Investment and Free Zones
- Mustafa Ghaleb praised "the development witnessed by the Arab Republic of Egypt in all sectors, especially the business and investment sector"
Business
SHUAA helps Anghami to list on NASDAQ
Last year, the firm helped Anghami in arranging $30 million investment.
- SHUAA has been working closely with the Anghami team as an advisor and investor to further develop and secure the PIPE investment and deliver a successful listing on NASDAQ
- Founded in 2012, Anghami is the first music streaming platform in the Middle East and North Africa (MENA)
Economy
QatarEnergy, partners announce oil discovery offshore Namibia
The consortium partners comprise QatarEnergy, Shell and National Petroleum Corporation of Namibia "NAMCOR".
- The consortium partners comprise QatarEnergy, Shell and National Petroleum Corporation of Namibia "NAMCOR"
- The partners will conduct analysis on the well data and further exploration activity to determine the full size and recoverable resource potential
Economy
Jordan looks to reform old tax system to propel growth
Jordan is looking to reform its old tax system in order to pave way for growth in national economy. In...
- The forum's members stressed the need to enhance tax awareness, raise auditor competency and expand the taxpayer base
- Stressing the importance of propagating tax culture, they called on government to turn tax revenues to services, with an impact "sensed by all"
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
Arab ministers meet in Jordan, seek resolution to Gaza conflict
AMMAN, JORDAN – Foreign ministers from key Arab nations – including Saudi Arabia, the United Arab Emirates, Egypt, Qatar, and...
Geostrategy
Company News
Dana Gas to pay $85m H1 dividend
Business
Latest News
Saudi Steel lands contract
Business
Raydan to cut capital by 53%
Business
Emirates Steel Arkan Q3 net profit $28m
The net profit for the first nine months of 2022 was $104m.
Business
Saudi Aramco, IBM partner to establish Innovation Hub in Kingdom
The partnership will support tech-driven economic growth in the Kingdom by promoting cutting-edge emerging technologies.
Business
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Business
Egypt’s Sovereign Fund accumulates assets worth $621m
Riyadh, Saudi Arabia— Egypt's Sovereign Fund has accumulated assets worth $621-660 million as it seeks to double it by the...
- The CEO of the fund said that the issued capital of the fund has been fully covered at $5 billion
- The army-owned companies Safi and Wataniya would not be seeking stock exchange listings this year, according to the CEO
Economy
WB expects UAE’s real GDP to grow by 5.9% in 2022
The global financial institution said higher oil receipts supplemented with a gradual non-oil recovery in the Emirates will bolster fiscal...
- The global financial institution said higher oil receipts supplemented with a gradual non-oil recovery in the Emirates will bolster fiscal revenue
- The bank expects the real GDP to moderate to 4.1 percent in 2023 as slower global demand may dampen growth due to tightening financial conditions
Infographics
UAE, China eye $200bn bilateral trade by 2030
The UAE is China’s most important trade partner in the Arab world and responsible for 28 per cent of total...
- It re-exports more than 60 percent of Chinese exports to the region, where the value of trade exchange between the two countries has exceeded $70 billion.
- Ali Obaid Al Dhaheri, UAE Ambassador to China, said early this month that UAE and China ties were a "successful model" for international bilateral relations.