PIF announces pricing of inaugural $3.5bn global sukuk issue
RIYADH, SAUDI ARABIA - The Public Investment Fund (PIF) on Thursday successfully priced its first dollar-denominated Shariah-compliant trust certificates (sukuk)....
Business
Modon inks 2 MoUs with Saudi Exports, Local Content Authority
RIYADH, SAUDI ARABIA - The Saudi Authority for Industrial Cities and Technology Zones (Modon) has signed two memorandums of understanding...
Business
Economy
Jordan secures €70m EIB soft loan to uplift water-use efficiency
According to a press release by the Ministry of Planning and International Cooperation, the loan is expected to benefit about...
- According to a press release by the Ministry of Planning and International Cooperation, the loan is expected to benefit about 300,000 people
- A water reservoir with a capacity of 30,000 cubic meters will also be built, to enable the Jordan Valley Authority to supply water to farmers in the dry seasons
Business
Aldar-ADQ grp to buy SODIC share
The Abu Dhabi based consortium will focus on identifying growth opportunities and guiding the company’s long-term strategy.
- The Abu Dhabi based consortium will focus on identifying growth opportunities and guiding the company’s long-term strategy
- The consortium’s objective is to advance SODIC’s position as a leading national developer by scale and reputation
Geostrategy
Strategies to enhance Dubai’s security ecosystem reviewed
Digital Dubai is developing the latest strategies and initiatives to enhance the efficiency of the emirate’s integrated security ecosystem.
- Digital Dubai is developing the latest strategies and initiatives to enhance the efficiency of the emirate’s integrated security ecosystem
- Hamad Al Mansoori, Director General of Digital Dubai, said they are working to make the most of big data and tap its potential
Geostrategy
OPEC Fund announces $352m for global development operations
The OPEC Fund for International Development has approved $352 million for sustainable development operations globally at the organization’s 178th Session...
- Members of the Governing Board also reviewed several milestones achieved as part of the OPEC Fund Strategic Framework 2030, including inaugural credit ratings.
- The Strategic Framework 2030 is designed to diversify the OPEC Fund’s financial resources and deliver greater development impact
Business
Etihad launches WorldPass for frequent travelers from UAE
Etihad Airways has announced a new travel solution aimed at corporate and frequent travelers booking from the UAE, said local...
- Etihad WorldPass is available for travel between the UAE and select destinations including the GCC, India, Pakistan, UK and Ireland.
- WorldPass guests can have unlimited free rebooking and cancellation, and the booking portfolio can be self-serviced and self-managed.
Arts & Culture
Google celebrates Bahrain’s national day with a dedicated animated doodle
The modern state of Bahrain was founded by Ahmed Al Fateh in 1783 and on 16 December 1971, Isa Bin...
- Bahrain was founded by Ahmed Al Fateh in 1783 and on 16 December 1971, Isa Bin Salman Al Khalifa became the first emir of the country, marking the national day.
- Traditionally, Bahrain’s historic achievements and culture are celebrated over two days with entertainment such as magic and laser shows.
Business
Dubai South and Huawei ink deal
The pact entails building smart transportation ecosystem.
- They will also explore innovative solutions to support a mixed-traffic, intelligent transport system for autonomous and driver-assisted vehicles.
- The two entities will also develop and promote unified international cybersecurity standards to safeguard digital transformation projects.
Economy
Sheikh Mohammed launches largest tourism campaign ‘World’s Coolest Winter’
UAE Vice President and Prime Minister Sheikh Mohammed bin Rashid Al Maktoum launched the second season of the World’s Coolest...
- The campaign highlights the diversity of the UAE’s tourism and recreational attractions.
- With an occupancy rate of 64 percent, the UAE outperformed the top 10 tourist destinations in the world.
Economy
Nearly 14,000 Bahraini nationals invested in UAE companies in 2020
A total of 13, 978 Bahraini nationals have invested in UAE public shareholding companies in 2020 and 331 licenses for...
- Trade between the UAE and Bahrain in 2020 was valued at AED20.1 billion and more Bahraini nationals were entering the Emirates real estate market.
- In 2020, the value of real estate deals signed by Bahraini citizens in the UAE reached AED228 million.
Geostrategy
UNHCR, UNICEF hail Korea’s aid for refugee rehab programs in Iran
South Korea's $2.5 million aid for programs supporting Afghan refugees in Iran has been hailed by the UN High Commissioner...
- South Korea's has announced $2.5 million in aid recently and its total aid in the past seven years for Afghan refugees totals $30 million.
- It is estimated that up to 300,000 Afghan asylum-seekers have fled to Iran this year alone in search of safety.
PIF announces pricing of inaugural $3.5bn global sukuk issue
RIYADH, SAUDI ARABIA - The Public Investment Fund (PIF) on Thursday successfully priced its first dollar-denominated Shariah-compliant trust certificates (sukuk)....
Business
Company News
Latest News
Qatar’s Museum of Islamic Art to reopen on October 5
Arts & Culture
UAE contributes $25 million toward Al Makassed Hospital in East Jerusalem
Abu Dhabi, UAE---The United Arab Emirates will contribute $25 million toward Al Makassed Hospital in East Jerusalem in collaboration with...
Geostrategy
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Business
Saudi Arabia to host 3rd edition of Gulf Entrepreneurs Forum
The forum targets GCC entrepreneurs and business incubators and accelerators and financing institutions in GCC.
- The forum targets GCC entrepreneurs and business incubators and accelerators and financing institutions in GCC
- Events of the forum include several meetings and sessions, including the experience of GCC states in incubating new businesses
Business
Zain KSA shares go up
The stock rose after the transfer of its subsidiary to the PIF.
- The company, formally known as Mobile Telecommunication Co., will transfer 80 percent of its share capital to the acquirers upon completion of the deal
- As per the offer with the PIF, the company will grant the sovereign wealth fund the right to buy the remaining 20 percent stake at a certain amount
Business
Bayanat AI to list shares on ADX
About 77% shareholding will be held by Group 42 Holding.
- About 77 percent shareholding will be held by Group 42 Holding Ltd. on the listing date, provided that the offering shares are fully subscribed
- Bayanat leverages its artificial intelligence and its developmental capabilities to offer differentiated geospatial AI solutions