Dubai’s top 10 land deals in 2023 is worth US$2.3bn
DUBAI, UAE – A real estate brokerage based here has compiled the 10 largest land deals in the Emirate since...
Business
Science
Fat causes chronic diseases, which kill 73% Saudis: SFDA
The Saudi Food and Drug Authority has issued a guide explaining what fats are, their benefits, their sources and types,...
- The Saudi Food and Drug Authority was warned against the overconsumption of fats, citing WHO figures
- The WHO says consuming too much fat can cause chronic diseases, which account for approximately 73 percent of all deaths in Saudi Arabia
Business
Emaar EC inks $16m contract
Emaar EC signed the $16-million contract with SAFE.
- As part of the contract, SAFE will provide security services at the King Abdullah Economic City
- It has a duration of five years from the date of signing, which happened on Monday, January 17
Infographics
Gender bender: GCC moves to empower more women
Member countries of the Gulf Cooperation Council are increasingly working towards the empowerment of women.
- The UAE and Canada held discussions last month on how to enhance cooperation to empower women
- Statistics from Saudi Arabia from last year showed more women had entered the workforce, even as unemployment dropped
Geostrategy
UNHCR partners with Qatari climber for refugee welfare
The UNHCR announced the partnership with Qatari athlete Sheikha Asma Al-Thani in a statement on its official website.
- The UN refugee agency partnered with Sheikha Asma Al-Thani to raise awareness on the plight of refugees
- She is also expected to help the agency advocate for the rights of those forced to flee due to conflict and persecution
Geostrategy
Reports saying Lebanon president ordered bank raids baseless: Press Office
The Lebanon Presidency Press Office denied the information broadcasted by Al-Jadeed TV on Sunday evening, which claimed that the President...
- The President's Press Office said this news is fabricated and baseless.
- The Press Office also denied reports about a meeting held at Baabda Palace.
Business
Arada enters Dubai market
Full details will be revealed at the sales launch, scheduled to take place in the third quarter of 2022.
- Design work on Arada’s mixed-use project on Palm Jumeirah has begun and will contain residential, leisure and F&B components
- Arada’s projects include Aljada, Sharjah’s largest ever mixed-use megaproject where 5,000 units are currently under construction
Business
Jordan’s ISSF to invest $1.5 million in Dubai-based Global Ventures
The Innovative Startups and SMEs Fund (ISSF) will invest $1.5 million in Global Ventures
- Global Ventures is a Dubai-based growth-driven venture capital firm focused on investing in growth-stage technology.
- Investing in progressive funds such as Global Ventures supports ambitious SMEs to expand their businesses, ISSF said.
Science
Malaria No More and CPC of Abu Dhabi to fight the disease
Malaria No More has announced the launch of a new global institute with the mission to combat malaria in the...
- It has partnered with the Crown Prince Court of Abu Dhabi (CPC) and the Reaching the Last Mile program to achieve its objective
- The announcement was made at the summit event of Abu Dhabi Sustainability Week, during a session focused on climate change
Business
Assets of Jordan’s Social Security Investment Fund rise by JD1.1 bn in 2021
The assets of Jordan's Social Security Investment Fund (SSIF), the investment arm of the Social Security Corporation (SSC), jumped by...
- The fund’s overall returns on investment (ROI) amounted to JD575 million in 2021 against JD509 million in 2020.
- Bonds account for 57 percent of the SSIF’s investment portfolio, followed by stocks 16.6 percent.
Geostrategy
UAE and UN commit to achieve Sustainable Development Goals
The UAE and the UN have committed to further enhance collective international action to achieve the UN Sustainable Development Goals.
- The resolve was expressed in a meeting between Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, and Amina Mohammed, Deputy Secretary-General of the UN
- The two sides also reviewed Expo 2020 Dubai's hosting of the Global Goals Week in cooperation with the UN
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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
Company News
Wio launches in UAE
Business
Latest News
PIF to buy stake in Seera
Business
ADIB posts $272m net profit
The year-on-year growth in net profit was 53% for the first nine months of 2022.
Business
Gulf war couldn’t have been won without Kingdom’s support, says Saudi Energy Minister
Saudi Arabia is engaged with many European governments with regards to the current energy crisis, says Prince Abdulaziz bin Salmanat...
Business
SALIC, Minerva Foods buy Australian Lamb Company
ALC is one of the largest meat producers in Australia.
Business
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Geostrategy
GCC, S. Korea begin sixth round of talks on free trade agreement
SEOUL, SOUTH KOREA - The sixth round of revived negotiations between the Riyadh-based Gulf Cooperation Council (GCC) and the Republic...
- GCC and South Korea expressed readiness to advance discussions on a free trade agreement after a 13-year suspension.
- The agenda of the sixth round include trade in goods and services, investment, digital trade, and intellectual property rights.
Business
Doha Bank net profit climbs up 4.6 percent
It recorded the profit at $256m in the first nine months of 2022.
- According to data issued by the bank, published on Qatar Stock Exchange website today, earnings per share amounted to QR 0.30 in the period ending on Sept. 30, 2022
- Doha Bank was established in 1979, with a capital of $852 million
Economy
Qatar urges separating politics from the oil and gas trade
Qatar energy minister also called on governments and multilateral institutions to condemn sabotage and military attacks on energy infrastructure or...
- Qatar energy minister also called on governments and multilateral institutions to condemn sabotage and military attacks on energy infrastructure or electricity networks
- He also sought transition to low-carbon energy through a realistic mix of energy sources, including hydrocarbons, renewable energy, biofuels, nuclear power and hydrogen