Global energy meet discusses way forward to net-zero emissions
VIENNA, AUSTRIA – High-level representatives from the member states of the United Nations Industrial Development Organization (UNIDO), international organizations, experts...
Science
Economy
Oman signs three agreements worth $244m with Saudi Fund for Development
Oman has signed three agreements RO 94 million ($244 million) with the Saudi Fund for Development (SFD) for supporting SMEs...
- The first MoU dealt with supporting small and medium enterprises (SMEs) through a soft loan portfolio of RO 57.6 million.
- The second and third MoUs contribute to the funding of infrastructure projects in the Special Economic Zone at Duqm (SEZAD).
Geostrategy
Iran FM hopes Iran-Saudi cooperation will solve Islamic world issues
Iran's Foreign Minister Hossein Amirabdollahian expressed hope that interaction between Iran and Saudi Arabia will help solve regional and Islamic...
- He made the remarks during a phone conversation on Thursday with the Secretary General of the OIC Hussein Ibrahim Taha
- Taha welcomed reopening of Iran's office in Jeddah and Tehran's active participation in the OIC
Business
GACA signs MoU with Huawei in smart flight technology
GACA is keen to activate the comprehensive digital transformation project in the use of modern technologies in various fields of...
- The memorandum was signed on the sidelines of the activities of the Global Tech Conference, LEAP, which concluded on Friday in Riyadh
- The cooperation includes providing, evaluating and selecting smart aviation solutions, the possibility of participating in passenger services projects, operating airports etc
Business
Association of Iraqi Banks, Federation of Egyptian Banks sign MoU
The MoU was signed by the president of the association, Wadih Al-Handal in the presence of the Governor of the...
- The MoU was signed by the president of the association, Wadih Al-Handal in the presence of the Governor of the Central Bank Mostafa Ghaleb
- Al-Handal pointed out that the memorandum of understanding will also focus on establishing joint training programs
Business
Non-Jordan investors buy less, sell more at Amman bourse
The net of non-Jordanian investments during January 2022 showed a negative value of JD5 million ($7.05 million).
- The value of shares that were bought by non-Jordanian investors during January 2022 was JD11.2 million ($15.8 million)
- The value of shares sold by these non-Jordanian investors for the same period amounted to JD16.2 million ($22.85 million)
Business
$100m platform set to give MENA esports a boost
Zain-PlayHera joint venture aims to enhance the capabilities of esports professionals and nurture local talent in the regional markets
- The partnership, which delivers the first esports platform in the region, aims to enhance the capabilities of esports professionals
- It will also nurture local talent in the region’s markets by creating an enabling environment for esports content creators and designers
Science
UAE-Bahraini Light-1 CubeSat launched into orbit from ISS
The UAE-Bahraini Light-1 CubeSat was successfully launched into orbit from the International Space Station, in cooperation with the Japan Aerospace...
- Light-1 CubeSat is a collaborative initiative of the UAE Space Agency, Bahrain’s National Space Science Agency, Khalifa University of Science and Technology, and NYU Abu Dhabi.
- The Light-1 CubeSat represents the region’s first scientific mission to monitor and study Terrestrial Gamma-ray Flashes (TGFs) from thunderstorms and lightning.
Science
UAE to host International Conference on Space Operations next year
The Mohammed Bin Rashid Space Center (MBRSC) announced that it will host the 17th International Conference on Space Operations (SpaceOps...
- Scientists, practitioners, engineers and leaders in the space industry will participate in the event.
- UAE’s Mars 2117 Strategy seeks to be the first to establish a human colony on the Red Planet.
Economy
Middle East Energy Event to address future of energy transition
The Middle East Energy Event (formerly Middle East Electricity) will be held at Dubai World Trade Center from 7th-9th March....
- The event, formerly known as Middle East Electricity, will be held at Dubai World Trade Center from 7th-9th March.
- A study by Goldman Sachs revealed green hydrogen could meet 25 percent of global energy requirements in the next 30 years.
Business
Abu Dhabi Judicial Department sells 787 cars for $5 million at auctions
The Abu Dhabi Judicial Department (ADJD) has organized five-car auctions at the Al Mafraq vehicle impound area over the past...
- The vehicles were sold at competitive prices ranging from $544 to $69424.
- The five-car auctions generated a high influx of bidders, whose number exceeded 1,200.
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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
Global energy meet discusses way forward to net-zero emissions
VIENNA, AUSTRIA – High-level representatives from the member states of the United Nations Industrial Development Organization (UNIDO), international organizations, experts...
Science
Company News
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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...
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Major Saudi Arabian cities witness strong demand for residential, office real estate
Saudi government policies like 15 percent VAT exemption on real estate deals and affordable housing programs are boosting residential real...
Infographics
UAE, Kyrgyz Presidents review bilateral relations
ABU DHABI, UAE - President Sheikh Mohamed bin Zayed Al Nahyan Monday received President of the Kyrgyz Republic Sadyr Japarov,...
Geostrategy
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Banque Saudi Fransi net profit up 15%
The bank’s profit for the nine-month period peaked at $719m.
- The hike in profit was driven by boost in total operating income, partially offset by an increase in total operating expenses by 20.18 percent.
- The bank said the increase in total operating income was driven by higher net special commission income, exchange income, net as well as other operating income.
Business
Nedaa, Nokia ink 5G deal in Dubai
5G network will help Nedaa provide better services.
- With the introduction of 5G, Nedaa will be able to support enhanced services for public safety and management of vital operations.
- The MoU sets a framework for upgrading the existing network capabilities and introducing agile and advanced services.
Business
ADNOC sets Upstream Methane Intensity target of 0.15 percent by 2025
Abu Dhabi, UAE--- Abu Dhabi National Oil Company (ADNOC) announced on Monday that it has set a new Upstream Methane...
- ADNOC’s 0.15 percent methane intensity target means ADNOC will be ranked in the Gold Standard category by the Oil and Gas Methane Partnership 2.0 (OGMP 2.0.
- Oil and Gas Methane Partnership 2.0 (OGMP 2.0 is a a multi-stakeholder initiative launched by the United Nations Environment Program (UNEP) and the Climate and Clean Air Coalition.