OFID’s US$25.5m loan to strengthen vocational education in Benin
VIENNA, AUSTRIA - The OPEC Fund for International Development (OFID) is extending a US$25.5 million loan to the Government of...
Economy
Business
Nakilat net profit $370m
This is the company's highest profit since its inception.
- Earnings per share (EPS) amounted to QR 0.24 as of 31 Dec 2021 versus Earnings per share (EPS) of QR 0.21 for the same period in 2020.
- For this period, the company's Board recommends a cash dividend at QAR 0.12 per share.
Economy
Jordan king meets economists, says national workshops should lead to economic roadmap
He noted that the roadmap should outline the way to guarantee sustainable comprehensive development and provide economic opportunities.
- He noted that the roadmap should outline the way to guarantee sustainable comprehensive development and provide economic opportunities
- The King also pointed to the importance of the participation of all segments of society and economic sectors, in order to expand dialogue and participation
Arts & Culture
Lebanon returns 337 artifacts from different eras to Iraq
The items returned have been characterized as ‘witnesses to the childhood of human history.’
- The artifacts had been on display in a Lebanese museum for several years
- The items are said to have included clay tablets and pieces of pottery
Business
DP World Q4 volume up 2.6%
The gross container volumes rose by 9.4% year-on-year.
- DP World has said its gross volume growth in 2021 overall was reportedly broad based
- India, Asia Pacific, Middle East & Africa, Europe, Australia, and the Americas were key growth drivers
Videos
Which GCC countries have largest renewable capacity?
From solar farms to wind energy, the infrastructure is being put in place at varying paces by GCC nations.
- Saudi Arabia is developing a sustainable renewable energy sector to support its economic growth
- More and more industries in the UAE are embracing solar in a big way as power demand rises
Economy
Smart Madinah Forum 2022 kicks off
The forum aims at discussing concepts of smart cities and their relations to improving the quality of life.
- The forum aims at discussing concepts of smart cities and their relations to improving the quality of life
- It is also a platform to discuss the role of innovation in enhancing sustainable development and getting acquainted with tools of civil innovation
Business
Participants from 42 countries to attend Abu Dhabi Date Palm Conference
The 7th International Date Palm Conference will be held at Emirates Palace Hotel, in Abu Dhabi, from 14th to 16th...
- Minister of Tolerance and Co-existence Sheikh Nahyan said that this year's conference is significant by all standards.
- 475 international researchers and experts will participate in the conference being held from 14-16 March.
Geostrategy
Saudi sends 60,000 more metric tons of diesel to Yemen under SDRPY
Around 60,000 metric tons of diesel, which is the seventh shipment of the Saudi oil derivatives grant for Yemen, arrived...
- The fresh shipment brings the the total amount of oil derivatives supplied to Yemen since the beginning of the grant to 596,000 metric tons.
- The oil derivatives grant is part of SDRPY support, which has provided more than 207 development projects and initiatives in several sectors.
Business
UAE and France aim to team up to meet energy challenges
The UAE and France held discussions on energy challenges and opportunities for collaboration in order to maximize energy system efficiency...
- The discussion took place between Awaidha Al Marar, Chairman of the Abu Dhabi Department of Energy, and Xavier Chattel, Ambassador of France
- Al Marar and Chattel underlined the importance of leveraging partnerships, Research & Development, and policymaking capabilities
Economy
Saudi sukuk issuance in 2021 reaches $36.9 billion: S&P Ratings
Saudi companies and government raised $36.9 billion sukuk in 2021, compared to $27 billion in 2020, an increase of 37...
- In 2021, the global sukuk issuance reached $147.4 billion compared with $148.4 billion in 2020.
- Foreign-currency denominated sukuk issuance increased by 10 percent; jumbo issuances in Saudi have contributed to this increase.
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
Company News
Latest News
Salik IPO oversubscribed
Business
ADNOC Drilling awards $1.6 bn agreement
The award is aimed at upping lower-carbon-intensive production capacity.
Business
Video: IMF echoes what TOP CEO Conference forecast about inflation in May 2022 – MENA growth may slow
Inflation has a significant cost-push pressure on cost of living and will impact the daily set of requirements of people...
Videos
Most Read
Business
Saudi Arabia and Finland to start air services and increase trade
Helsinki, Finland— Saudi Arabia and Finland have signed an agreement to regulate air transport and start air services between the...
- The memorandum aims to boost trade and raise the level of economic partnership between the two nations
- The agreement includes the organizational clauses related to transport rights, the plurality of designating national carriers, determining the number of regular flights
Business
e& posts 1.9% jump in profit
The telecom company's net profit vaulted to $680.5m in Q3.
- The telecom company said that its revenues surged to hit $3.54 billion
- Its subscribers in the UAE reached 13.3 million in Q3 2022, representing an increase of 11 percent over the same period last year
Business
40 Saudi, German companies discuss investment opportunities
The German delegation comprised companies working in the areas of water, training, education, infrastructure, industries, constructions and innovation.
- The German delegation comprised companies working in the areas of water, training, education, infrastructure, industries, constructions and innovation
- The two countries have an institutional base for their economic ties represented by the Saudi-German Joint Committee and the Saudi-German Business Council