Saudi Arabia, CARICOM countries hold first summit for strategic partnership
RIYADH, SAUDI ARABIA - Since its foundation, the Kingdom has been keen to build bridges of communication with all the...
Geostrategy
ADIB lists $500m green sukuk on LSE
The bank marked the issuance of its $500 million green sukuk.
Business
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"
Business
Lebanon women get FAO grants to fund their businesses
Four women groups from the South, the North, Mount Lebanon, and the Bekaa received grants.
- The grants were disbursed under the project Support to Women’s Cooperatives and Associations in the Agri-food Sector of Lebanon
- Funded by Canada, the project is implemented by the FAO and Lebanon’s Ministry of Agriculture and the General Directorate of Cooperatives
Geostrategy
Amman, Doha discuss creating job opportunities for Jordanians
The meeting was participated by the ministers of education, higher education, tourism, interior, health, digital economy, investment etc.
- The meeting was participated by the ministers of education, higher education, tourism, interior, health, digital economy, investment etc
- It covered the linking of the Qatar platform with the Sajil platform in Jordan to hire thousands of Jordanians on the initiative of Emir of Qatar Sheikh Tamim bin Hamad Al Thani
Geostrategy
Task Force explores options to ban trade with illegal Israeli settlements
The Brussels-based European Coordination of Committees and Associations for Palestine (ECCP) is an “Inter-Parliamentary Task Force to Promote Palestinian Human...
- The Task Force heard from several speakers who have been leaders in pushing for legislative initiatives to limit or prohibit trade with illegal colonial settlements
- The international community opposes annexation and considers illegal settlements to be an obstacle to international peace and stability
Saudi Arabia, CARICOM countries hold first summit for strategic partnership
RIYADH, SAUDI ARABIA - Since its foundation, the Kingdom has been keen to build bridges of communication with all the...
Geostrategy
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Salik IPO oversubscribed
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World markets plunge on growing recession fears
Market Report
UAE president, Biden meet virtually to discuss energy transition
The two leaders highlighted the just announced comprehensive UAE-US initiative to accelerate the energy transition.
Economy
ADNOC and Siemens Energy to develop low-carbon energy certificates
Abu Dhabi, UAE---Abu Dhabi National Oil Company (ADNOC) and Siemens Energy AG today announced plans to pilot blockchain technology to...
Business
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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...
- Inflation has a significant cost-push pressure on cost of living and will impact the daily set of requirements of people in the region, one of the experts had said at the event
- The MENA economies will continue to remain resilient this year, but double-digit inflation is expected to slow growth in 2023, the latest IMF report highlights
Economy
Saudi Arabia, Egypt discuss renewable energy cooperation
The two ministers also talked about the progress in the electrical interconnection efforts.
- The two ministers also talked about the progress in the electrical interconnection efforts
- They also discussed ways to improve cooperation between their specialized businesses
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