UAE warns of visa ban over job loss insurance fines
ABU DHABI, UAE - Some employees who failed to meet an October 1 deadline to sign up to the UAE's...
Business
Business
Saudi Telecom Company signs over 15 pacts at LEAP22
The Saudi Telecom Company (STC) has signed fifteen agreements with major international companies, including Microsoft, Huawei, Ericsson, and Cisco, in...
- The company has already announced an initiative to establish a $1billion main digital center “MEAN Hub” for the Middle East and North Africa
- The company also announced an initiative to establish a factory to localize data centers in the Kingdom, in partnership with Huawei
Geostrategy
GCC leaders witness KSA’s debut in Winter Olympics
Key regional leaders were present as Saudi Arabia on Friday made its first appearance at the Winter Olympics after alpine...
- Saudi Arabia makes its first appearance at the Winter Olympics after alpine skier Fayik Abdi qualified to compete in Beijing 2022
- Qatar’s Emir Sheikh Tamim bin Hamad Al-Thani and Abu Dhabi Crown Prince Sheikh Mohamed bin Zayed attended the event
Business
Aldar Properties of Abu Dhabi put on sale 182 boutique flats
Aldar Properties has announced that all 182 apartments at the second tower of its boutique Reflection project are now available...
- Reflection II is located at the heart of Reem Island, overlooking Abu Dhabi's mangroves, and with all units ready to move in during Q2 2022
- The second tower is being brought to the market to cater to specific demand from both home buyers and investors for high quality
Business
UAE lifts curbs on travel to 12 African countries
The United Arab Emirates has lifted curbs on travel to twelve African countries for citizens fully vaccinated and who have...
- It is okay now to travel to Kenya, Tanzania, Ethiopia, Nigeria, Republic of Congo, South Africa, Botswana, Eswatini, Lesotho, Mozambique, Namibia and Zimbabwe
- The authorities specified the categories of citizens who are allowed to travel to these countries
Business
Dubai South attracts 700 new companies by end of 2021
The total number of companies operating out of Dubai South reached 4,600, attracting more than 700 new companies by the...
- The total number of people working out of Dubai South was expected to reach 20,848 individuals by the end of 2021.
- Dubai South Properties handed over almost all its units at The Pulse, an urban mixed-use development comprising 1,400 apartments and 240 townhouses.
Business
Emaar EC reschedules SR976m loan with SABB
Emaar EC has signed a rescheduling agreement with the Saudi British Bank revising the terms of SR976.25 million Shariah-compliant outstanding...
- The amended terms of the facility also include a grace period up to June 2023 and a repayment starting from June 2023 until December 2029
- Before rescheduling, the financing period was from September 2014 until September 2021
Geostrategy
Bahrain makes second booster jab available for people aged 60 and above
Bahrain has made a second Covid-19 booster shot available by choice for adults aged 60 years and above and frontline...
- Health authorities say an individual may receive any vaccine as a second booster shot, three months after receiving the first booster shot.
- Eligible individuals need not book an appointment but can head straight to designated vaccine centers.
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
UAE warns of visa ban over job loss insurance fines
ABU DHABI, UAE - Some employees who failed to meet an October 1 deadline to sign up to the UAE's...
Business
Company News
Salik IPO oversubscribed
Business
World markets plunge on growing recession fears
Market Report
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Borouge to pay dividend of $325m
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
Saudi Arabia, Egypt discuss renewable energy cooperation
The two ministers also talked about the progress in the electrical interconnection efforts.
Economy
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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
Economy
UAE, US partner to invest $100bn in renewables, clean technologies
The UAE-US Partnership for Accelerating Clean Energy (PACE), aims to produce 100 new gigawatts (GW) of clean energy in the...
- The UAE-US Partnership for Accelerating Clean Energy (PACE), aims to produce 100 new gigawatts (GW) of clean energy in the two countries
- The UAE has invested more than US$50 billion over the past ten years in clean energy technologies and solutions around the world