Al Ansari Financial Services okays dividend
The first proposed interim dividend is of $81 million.
Business
Foreign investments rise in NE China due to several projects
SHENYANG, CHINA – Investments in the country’s northeast have grown over the past years as several multinational corporations put in...
Business
Business
Saudi Arabia’s real estate Price Index increased by 0.9 percent in Q4 2021
The General Authority for Statistics (GASTAT) released today through its official website a report on Real Estate Price Index in...
- Residential land prices were responsible for the rise in real estate prices in Q4 of 2020.
- The Real Estate Price Index is a statistical tool for measuring the relative change in real estate prices in the kingdom.
Business
Dubai Crown Prince forms committee to oversee Hatta development
Dubai Crown Prince and Chairman of The Executive Council of Dubai Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum has...
- The Committee is tasked with attracting investments in Hatta by creating investment opportunities for the public and private sectors.
- The Committee will also be responsible for approving Hatta’s promotional and marketing plan locally and internationally.
Business
Sharjah Chamber and European Women Association to foster trade ties
The agreement also provides the exchange of commercial data and statistics
- An MoU signed by the two sides will encourage the exchange of trade delegations and discussions in the fields of export and economy.
- The MoU was signed by Abdullah Sultan Al Owais, Chairman of the SCCI, and Yulia Stark, President of the European Women's Association.
Business
Masdar, Mitrabara announce JV
The venture targets commercial and industrial segment.
- The venture will help Masdar expand its presence in Indonesia and support the nation’s clean energy and climate objectives.
- Masdar entered the Indonesian market in 2020, forming a joint venture with PT PJBI, a subsidiary of Indonesia’s state electricity company.
Science
Salem AlMarri promoted as Director of Mohammed Bin Rashid Space Centre
Salem Humaid AlMarri, Deputy Director General of Mohammed Bin Rashid Space Centre (MBRSC), has been promoted as the Director General...
- The decision was issued by Dubai Crown Prince and President of the Mohammed Bin Rashid Space Centre, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum.
- With over 15 years of experience, AlMarri has been responsible for ensuring the success of various programs within the UAE National Space Program.
Economy
Solar power costs in US decreased 80% since 2009: DOE
The US Department of Energy put forward the observation in the third edition of the Solar Power in Your Community...
- The price has dropped from a little less than $0.30 per unit in 2009 to around $0.04, according to a chart shared by the DOE
- Federal incentives have spurred dramatic increases in solar deployment, according to the new report
Science
EU overachieves 2020 renewable energy target
With more than half of gross final energy consumption from renewable sources, Sweden had by far the highest share among...
- With more than half of gross final energy consumption from renewable sources, Sweden had by far the highest share among the EU Member States in 2020
- The Member States that significantly exceeded their 2020 targets were Sweden, Croatia and Bulgaria
Business
Tadweer inks deals worth $64m
The deals were signed at the eighth edition of EcoWASTE.
- EcoWASTE 2022, where the deals were signed, was held at Abu Dhabi National Exhibition Centre
- It was organized as part of Abu Dhabi Sustainability Week in strategic partnership with Tadweer
Economy
Kuwait, Saudi Arabia should develop trade, investment cooperation: KCCI
Chairman of Kuwait Chamber of Commerce and Industry (KCCI) Mohammad Al-Saqer called for more bilateral efforts to achieve the desired...
- Chairman of Kuwait Chamber of Commerce and Industry (KCCI) Mohammad Al-Saqer called for more bilateral efforts to achieve the desired economic goals
- On ongoing economic and political developments in the Kingdom, Al-Saqer noted that the Kingdom is an ideal example to follow
Business
GCC chief stresses importance of serving requirements of joint market
GCC Secretary-General Naif Falah Al-Hajraf with the chairman of the Board of Directors of the FGCCC, Samir Abdullah Nas.
- The GCC chief has stressed the importance of building a distinctive integrative trade and investment base
- The base is expected to complete the requirements of the GCC joint market and develop GCC inter-trade relations
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
Al Ansari Financial Services okays dividend
The first proposed interim dividend is of $81 million.
Business
Company News
Abdullah bin Zayed meets Benjamin Netanyahu
Geostrategy
Latest News
PIF to deploy spending to develop innovative sectors in kingdom
Riyadh, Saudi Arabia--Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), has launched a program that will leverage its...
Economy
Multiply Group reports $2bn in net profit for Q3 2022
The Group's Q3 2022 figures showed revenue of $29 million and gross margin of $38 million.
Business
Egyptian pound plummets after 2% interest rate hike
The CBE attributed its decision to elevated global and domestic prices that are expected to keep headline inflation.
Economy
Most Read
Business
Emirates NBD profit rises 25 percent to $2.47 bn for Jan-Sept period
Q3 profit was AED3.8 bn, up 51 percent year-on-year, exceeding the $1bn mark.
- A record quarter for retail lending and customer transactions, together with improving margins, drove income 31 percent higher YoY to AED22.7 billion.
- New corporate lending grew by AED24 billion in the first nine months of 2022 and impairment was down 12 percent.
Business
Emirates Islamic bank net profit for Jan-Sept period $285 million
The bank attributed the profit to higher funded and non-funded income.
- Expenses increased 22 percent YoY, Impairment Allowances decreased 23 percent YoY reflecting improved business sentiment.
- The bank's total assets increased to AED 73 billion, customer financing stood at AED 48 billion, rising 12 percent from 2021.
Geostrategy
UAE President, Austrian Chancellor discuss bilateral relations
UAE President Sheikh Mohamed bin Zayed Al Nahyan and Federal Chancellor of the Republic of Austria Karl Nehammer met in...
- Leaders of UAE and Austria affirmed their interest in strengthening bilateral relations, especially in technology, energy, innovation and food security.
- The two leaders underscored the importance of taking action to ease tension and promote dialogue to resolve crises with humanitarian, economic and food security implications.