ADIB lists $500m green sukuk on LSE
The bank marked the issuance of its $500 million green sukuk.
Business
Saudi delegation takes part in Riyadh Expo 2030 symposium in Paris
PARIS, FRANCE - A high-level Saudi delegation attended the Riyadh Expo 2030 Symposium, on the outskirts here, hosted by the...
Business
Business
DFM 2021 net profit $28m
Its total revenues reached AED294.6m in 2021, reduces expenses by 4 percent.
- In the fourth quarter of 2021, the net profit increased by 269 percent to AED65.7 million compared to AED17.8 million in the corresponding period of 2020.
- The company's Board of Directors recommended a 3 percent cash dividend to the shareholders, which is equivalent to AED240 million.
Business
Oman and Syria agree to boost cooperation ‘in all fields’
The foreign ministers of Syria and Oman have held discussions on how to promote cooperation between the two countries on...
- They also underscored the importance of dialogue and resolving various issues through peaceful political solutions in a manner that serves aspirations of peoples
- The talks laid emphasis on the keenness of the two countries' leaderships to enhance and develop these relations in all fields
Business
Arada awards $87m housing contract in Aljada project
Arada has awarded an AED322 million ($87m) contract to build eight premium apartment buildings in Aljada, the AED24 billion lifestyle...
- The contract involves eight Tiraz buildings form part of Naseej District, the new creative neighborhood at Aljada, containing 920 homes.
- Spread over a 24 million square foot area, Aljada is Sharjah's largest ever project and a transformational destination for the Emirate.
Economy
India announces digital currency and ‘crypto tax’ in budget
India will have its own digital currency starting 2022-23, Finance Minister Nirmala Sitharaman said while announcing the country’s budget for...
- India is launching a digital currency that is expected to use blockchain and other technologies
- The country is also levying a 30 percent tax on all virtual digital assets, which could mean cryptocurrencies
Geostrategy
KSA, Iraq sign MoU on agricultural, livestock, fisheries cooperation
The MoU was concluded during the preparatory and ministerial meetings between the two sides.
- The MoU was concluded during the preparatory and ministerial meetings between the two sides
- The two countries discussed issues of common concern in the fields of environment, water, agriculture, and food security
Geostrategy
Committed to two-state solution, US tells Palestine
US Secretary of State Antony Blinken spoke with Palestinian Authority President Mahmoud Abbas on Monday, January 31.
- The two parties discussed the importance of strengthening the US relationship with the Palestinian Authority
- They also discussed the need to improve the quality of life for Palestinians in tangible ways
Business
Business accelerator set to develop cybersecurity sector in Saudi Arabia
Saudi National Cybersecurity Authority (NCA) has launched a business accelerator specialized in the foundational technologies and priority emerging technologies in...
- The launch of the accelerator comes in a strategic partnership with the Saudi Information Technology Company (SITE)
- The accelerator will support the most growing sectors in cybersecurity by activating national and international partnerships
Infographics
Social media dominate popular websites in region
Globally, the top three websites -- Google, Youtube and Facebook -- woo more than 152 billion visits monthly, outpacing the...
- Beside Google, Youtube and Facebook, there are a few other online giants who have unmatched dominance in the cyberworld.
- Together, the top three websites woo more than 152 billion visits monthly, outpacing the next 47 websites combined
Business
Egypt finalizes pact with Siemens to run high-speed train line
Egypt’s Ministry of Transport will sign a contract with Siemens to implement the second high-speed train line in the country....
- The new line will extend from 6th of October city to Aswan, with a length of 925 kilometers (575 miles approx).
- The cost of this project will be financed through a soft foreign government loan and the state's general budget.
Business
Saudi defense company AEC to display modern technology at LEAP
The Advanced Electronics Company (AEC), a Saudi Arabian Military Industries (SAMI) company, will participate in LEAP technology conference, a global...
- AEC will display a complete range of solutions, systems, and products, including its flagship cybersecurity technology Data Diode.
- The conference is organized by the Saudi Ministry of Communications and Information Technology.
ADIB lists $500m green sukuk on LSE
The bank marked the issuance of its $500 million green sukuk.
Business
Company News
Saudi Steel lands contract
Business
Raydan to cut capital by 53%
Business
Latest News
UAE-US partnership to spur $100 bn clean-energy financing, development
The Partnership for Accelerating Clean Energy will see the two countries develop, finance and deploy clean projects in the US,...
Economy
ADEX signs line-of-credit pact with National Bank of Iraq
The Abu Dhabi Exports Office (ADEX), the export-financing arm of Abu Dhabi Fund for Development (ADFD), has signed a US$10...
Business
Saudi Arabia issues permits for projects worth US$1.1bn
Riyadh, Saudi Arabia—Saudi Arabia has issued permits for non-oil industrial projects worth $1.1 billion in August. The licenses issued in...
Business
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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.
- The partnership will support tech-driven economic growth in the Kingdom by promoting cutting-edge emerging technologies
- New York-based IBM has worked with the energy industry since 1947, when the first computer was installed in Aramco
Business
du revenues vault 10.5%
It posted $863.17m in revenues for the first nine months of 2022.
- Mobile service revenues continued their recovery increasing by 10.7% to $393 million while equipment sales generated revenues of $48 million
- Fixed services revenues soared 22.2% to $243 million, buoyed by the continued strong performance of the consumer segment
Economy
World economy projected to more than double in size by 2045: OPEC
The global primary energy demand is forecast to continue growing in the medium and long-term, increasing by a significant 23%...
- The global primary energy demand is forecast to continue growing in the medium and long-term, increasing by a significant 23% in the next 23 years
- Globally, oil demand is projected to increase from almost 97 million barrels a day (mb/d) in 2021 to around 110 mb/d in 2045