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
Aramco expands global downstream presence with key European investment
The Saudi Arabian oil company Aramco, the world’s largest integrated energy and chemicals company, is expanding its global downstream presence...
- The investments will widen Aramco’s presence in the European downstream sector and further expand its crude imports into Poland
- Another MoU was signed by Aramco and PKN Orlen which focuses on exploring potential opportunities for research and development
Business
Qatar Tourism eases process to issue holiday home licenses
Qatar Tourism has invited residential property owners to invest in hospitality while generating extra income from their unused units by...
- Qatar Tourism has introduced a helpline and a simplified process to get licenses issued within a week
- Property owners renting to vacationers without licenses would be jailed for two years or/and fined QAR200,000
Business
Panel to enhance performance of Federation of GCC Chambers
The meeting was held via video conference technology, with spread of the Omicron variant of Covid-19 having stopped almost all...
- Qatar Chamber Chairman Sheikh Khalifa bin Jassim Al-Thani presided over the meeting
- It reportedly discussed the estimated budget of the federation for the current year
Economy
Free Trade Agreement with UAE nearing conclusion, says Indian minister
India’s Minister of Commerce and Industry, Piyush Goyal, on Wednesday told the heads of top business and industry associations in...
- Piyush Goyal urged industry leaders to be proactive in giving inputs to the government on matters like FTA negotiations
- He expressed confidence of growth in services exports, in spite of travel and tourism restrictions caused by the pandemic
Business
UAE, European Union discuss ways to boost cooperation
The meeting was hosted at the UAE Ministry of Finance’s headquarters in Abu Dhabi.
- The Minister of State for Financial Affairs Mohamed Hadi Al Hussaini met on Tuesday with Johannes Hahn, European Commissioner for Budget and Administration
- This discussion is a part of the UAE’s Finance Ministry efforts to strengthen its relations with various countries and regional and international financial institutions.
Arts & Culture
Al Dhafra Festival kicks off in Abu Dhabi
The festival is organized by the Cultural Program and Heritage Festivals Committee, and will run till January 22.
- The festival features 313 camel runs and this new edition of the event includes the launch of the Bairaq Al Emarat Award for Asayel and Majahim camel breeds
- Coinciding with the UAE’ Golden Jubilee Celebrations, the Festival's activities now run from 28th October, 2021, to 22nd January, 2022
Economy
Morocco’s GDP expected to grow by 3.2 percent in 2022: World Bank
The World Bank’s Global Economic Prospect reported on Tuesday that Morocco’s GDP is expected to grow by 3.2 percent in...
- Output in 2023 is projected to remain about 5 percent smaller than expected before the pandemic, the World Bank notes.
- The agricultural output returns to historical averages after the extraordinary performance of the primary sector in 2021, a WB report said.
Business
UAE, European Union discuss ways to boost bilateral cooperation
The UAE and the European Union discussed ways of boosting bilateral cooperation between them to achieve mutual benefit across various...
- The Minister of State for Financial Affairs Mohamed Hadi Al Hussaini met on Tuesday with Johannes Hahn, European Commissioner for Budget and Administration.
- This discussion is a part of the UAE’s Finance Ministry efforts to strengthen its relations with various countries and regional and international financial institutions.
Business
Dana Gas, Crescent Petroleum report record sales gas production
Dana Gas and its partner Crescent Petroleum have reported record sales gas production from their operations in the Kurdistan Region...
- Dana Gas and Crescent Petroleum jointly operate the Khor Mor and Chemchemal gas fields on behalf of the Pearl Petroleum consortium.
- The production milestone is the culmination of numerous process improvements at the Khor Mor gas plant, including a bypass project.
Business
Saudi Arabia and Tunisia sign energy agreement
The MoU encourages holding joint seminars and training courses on renewable energy, energy efficiency and conservation.
- The MoU covers the fields of renewable energy, energy efficiency and conservation, and includes cooperation on management of renewable energy
- The MoU aims at exchanging information and expertise between the two countries in these areas through related research and studies as well
Al Ansari Financial Services okays dividend
The first proposed interim dividend is of $81 million.
Business
Company News
Latest News
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