Saudi business sector’s operating revenues at US$1.36trn in 2022, says GASTAT
RIYADH, SAUDI ARABIA - The business sector in the Kingdom reported a 24 percent rise year-on-year (YoY) in operating revenues...
Business
Oil prices spike as Hamas attack on Israel fuels supply fears
The attack and Israel's declaration of war in response to it have raised concerns that a potential broadening of the...
Economy
Economy
Saudi Arabia among five countries bidding for World Expo 2030
King Mohammad bin Salman bin Abdulaziz recently announced that the kingdom would bid for the expo.
- King Mohammad bin Salman bin Abdulaziz recently announced that the kingdom would bid for the expo
- The other four countries competing to hold the event are South Korea; Italy; Ukraine and Russia
Business
QA arm expands Gulfstream fleet
Qatar Executive is a business-jet subsidiary of Qatar Airways.
- Qatar Executive is a business-jet subsidiary of Qatar Airways
- It now has a total of 11 Gulfstream G650ER aircraft in its fleet
Business
ADQ establishes office in Cairo to boost its investment in Egypt
Abu Dhabi Development Holding Company (ADQ) has established a new office in Egypt to build on its commitment to investing...
- The opening of ADQ’s new office complements the $20 billion strategic investment platform launched in 2019 between ADQ and TSFE.
- The platform aims to help advance Egypt’s economic development through joint strategic investment projects, specialized funds and investment tools.
Geostrategy
Emirates and IAEA discuss nuclear program, Expo’s role in fostering ties
Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, met with Rafael Mariano Grossi, Director-General of...
- The two sides reviewed the role of Expo 2020 Dubai in promoting international cooperation and building effective and fruitful partnerships
- The IAEA Director-General highlighted the importance of the constructive cooperation between the UAE and the International Atomic Energy Agency
Business
RAKEZ to partner with CBD for easy access to bank’s services
Ras Al Khaimah Economic Zone (RAKEZ) has entered into a strategic alliance with the Commercial Bank of Dubai (CBD) to...
- An MoU was signed by RAKEZ Group CEO Ramy Jallad and CBD CEO Dr. Bernd van Linder.
- The agreement makes it convenient for RAKEZ clients to business bank accounts.
Geostrategy
UAE keen to foster cooperation with ASEAN, says Foreign Affairs Minister
Reports say that Sheikh Abdullah bin Zayed praised the outstanding relations between the UAE and the ASEAN countries.
- The two sides hailed the distinguished relations between the UAE and the ASEAN group in a meeting held at Dubai Expo 2020
- The two parties reviewed the role of Expo 2020 Dubai in reinforcing the cooperation between the UAE and the ASEAN group
Geostrategy
Saudi Arabia stresses need for international cooperation to fight corruption
Combating corruption requires cooperation from every person in all societies at all levels in all its forms and manifestations, said...
- Mazen bin Ibrahim Al-Kahmous, President of Saudi Arabia's Oversight and Anti-Corruption Authority. was speaking at UN Convention against Corruption.
- Saudi Arabia's "Riyadh Initiative" aimed at establishing a global operation network of anti-corruption law enforcement authorities.
Economy
Syria approves $5bn budget for 2022 as economic crisis hits finances
Syrian lawmakers have approved a draft budget for 2022 of $5.3 billion, down from $6.8 billion this year, as a...
- A decade of war, Western sanctions and the coronavirus pandemic have devastated the Syrian economy, pushing most of the population into poverty.
- Government spending has been cut by more than 40 percent over the past two years, with cuts threatening a critical social support program.
Geostrategy
Naif Arab University and Tunisia’s justice ministry sign exchange pact
Naif Arab University for Security Sciences has signed a cooperation agreement with the Tunisian Ministry of Justice on the sidelines...
- The two sides will exchange expertise in academics, research and training programs, symposiums, forums, conferences and workshops
- NAUSS specializes in advanced security-related studies at the postgraduate level in the form of diplomas, master’s degrees and doctorate programs.
RewirEd Summit concluded at Expo 2020 Dubai
The RewirEd Summit sponsored by Etihad Airways and Hettich in Expo 2020 Dubai concluded yesterday with a series of major...
- The RewirEd Declaration launched by UNESCO and Dubai Cares on Connectivity for Education was the key announcement of this summit
- The UAE was praised by all the five presidents along with 45 ministers in the summit for delivering quality education
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
Saudi business sector’s operating revenues at US$1.36trn in 2022, says GASTAT
RIYADH, SAUDI ARABIA - The business sector in the Kingdom reported a 24 percent rise year-on-year (YoY) in operating revenues...
Business
Company News
Ajlan signs deals worth $7bn
Business
Latest News
UAE offers low-risk business climate
Infographics
Abu Dhabi Foreign Experts Court examines 200 cases
The Foreign Experts Court of the Abu Dhabi Judicial Department (ADJD) has managed to maintain high adjudication rates in the...
Economy
Saudi to build world-class mining business in cooperation with South Africa
Riyadh, Saudi Arabia-- Saudi Arabia's Deputy Minister of Industry and Mineral Resources for Mining Affairs Khalid bin Saleh Al-Mudaifer said...
Business
UAE’s minister is new Chairman of WBG-IMF committee
During his two-year tenure, the minister will work with the committee that include ministers, and the Board of Governors of...
Economy
Most Read
Economy
Bahrain calls for adoption of new solutions to spur growth
Washington, US—Bahrain has called for adoption of innovative solutions to encourage economic growth and sustainable development goals for all countries....
- The country's Finance and National Economy Minister, Shaikh Salman bin Khalifa Al Khalifa, has stressed the importance of strengthening international cooperation
- The minister took part in the meeting of the World Bank Development Committee, within the annual meetings of the Board of Governors of the World Bank and the IMF in Washington
Geostrategy
Saudi Arabia and S. Africa to deepen ties in several fields
The agreement would result in partnership in encouraging direct investment, communications and information technology, exploring the establishment of a joint...
- An agreement was signed between the two countries during the presence of Saudi's Crown Prince & Prime Minister and South Africa's President
- The agreement contains cooperation and exchange of news between the Saudi Press Agency (SPA) and the state-run South African News Agency.
Economy
GCC and UK hold first round of talks on Free Trade Agreement
The British government said the Free Trade Agreement is a major economic opportunity and plays a key role in the...
- The two sides discussed Free Trade Agreement's goals and the exchange of technical information in 29 areas.
- More than 100 British negotiators representing different sides of the British government participated in the round.