Red Sea International Film Festival to showcase 14 short films
Jeddah, Saudi Arabia - The Red Sea International Film Festival (RSIFF) unveiled Monday the lineup of international short films participating...
Arts & Culture
Hotels in UAE generate revenues of US$7bn in first seven months, says minister
ABU DHABI, UAE - In the first seven months of the year, hotel establishments in the UAE generated revenues of...
Business
Economy
Abu Dhabi Investment Office concludes investor interaction program
The Abu Dhabi Investment Office (ADIO) has connected with hundreds of global business leaders, entrepreneurs and innovators in a series...
- A series of six inaugural events by its international offices discussed expansion opportunities to the UAE capital.
- ADIO’s offices in London, Paris, Beijing, Seoul, New York and San Francisco each organized an event.
Business
FAHR releases a circular on new week system
The Federal Authority for Government Human Resources (FAHR) has issued a circular to all federal ministries and authorities on the...
- FAHR clarified that the official working week for federal government employees starts from Monday till Friday from 7:30am till 3:30pm daily
- Additionally, federal authorities can activate remote working system on applicable jobs, provided that they coordinate with FAHR before implementing this system
Business
Chimera Capital fund closes at $75m
The company's first venture capital fund exceeds initial target.
- Chimera Global Fund I LP ("the Fund") is backed by a number of regional and global Limited Partners including Mubadala Investment Company
- The Fund’s third and final funding round saw it exceed its initial US$65 million target in less than two months
Business
Mubadala and AD Gaming sign MoU
Both will cooperate to build a gaming and esports ecosystem in UAE.
- Part of the MoU is content creation, as well as support gaming initiatives and events in the UAE.
- The gaming and esports markets in the MENA region are growing faster than anywhere else in the world, says the AD Gaming Director of Strategy.
Business
Lockheed appoints Chief Executive for ME
Lockheed Martin has appointed retired U.S. Army Gen. John W. Nicholson as their new Chief Executive for the Middle East.
- Nicholson led the PenFed Foundation, a non-profit organisation that provides U.S. military service members and veterans with support to improve their financial well-being
- Bob Harward announced his intention to retire from Lockheed Martin at the end of this year after eight years of service
Business
Oman sees hospitality industry revenue fall 3.5%
The National Centre for Statistics and Information says domestic guest have supported the Oman's hotels.
- Domestic guests constituted the highest percentage of visitors in hotel industry of Oman
- The occupancy rate of hotels in Oman rose by 36.3 percent
Economy
Loubnany platform launches next month, will promote Lebanese economy
An online electronic platform named 'loubany', aimed at promoting Lebanon's economy and industry, will be launched in on 15 January...
- The platform spells out its vision as 'Lebanese production, creativity, innovation and competence to reach the four corners of the world'.
- The platform particularly addresses Lebanese Diaspora to support the Lebanese economic initiatives.
Economy
Iran to expand agricultural ties with European Union
“Iran intends to take advantage of the EU experience to improve agricultural commerce in Iranian villages with emphasis on women’s...
- “Iran intends to take advantage of the EU experience to improve agricultural commerce in Iranian villages with emphasis on women’s employment,” an Iranian official said
- Another priority for the ministry is designing and improving a national agricultural research plan, the official added
Business
Saudi Arabia launches regional center for sustainable development of fisheries
The center was announced by Crown Prince Mohammed bin Salman during the Middle East Green Summit held in Riyadh recently.
- Saudi Arabia’s National Program for the Development of the Fisheries Sector has launched a regional center to sustainably develop fisheries
- The program focuses on research in the fisheries sector and aquaculture related to the health of animals and aquatic organisms
Economy
Jordan, Netherlands sign €5m rainwater pact
The project aims to devise proper legislation, and setting up of rainwater harvesting catchment areas as well as smart farms.
- The project comprises 4 main components with the aim of devising proper legislation, and setting up of rainwater harvesting catchment areas as well as smart farms
- In a statement, secretary-general of the water ministry Jihad Mahamid stressed that Jordan is a global "trailblazer" in rainwater harvesting projects
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
Red Sea International Film Festival to showcase 14 short films
Jeddah, Saudi Arabia - The Red Sea International Film Festival (RSIFF) unveiled Monday the lineup of international short films participating...
Arts & Culture
Company News
Latest News
Saudi TASI plummets, UAE indices show mixed trends over the week
The UAE stock market followed the trend of other markets worldwide and ended the week on a high note but...
Market Report
UAE, Lulu Money sign pact on digital KYC service
LuLu Exchange – one of UAE’s leading financial service providers, announced that it has signed an agreement with the country's...
Business
Nasdaq Dubai lists physically backed Bitcoin ETP
21Shares’ ETPs are already listed across 12 exchanges, including SIX Swiss Exchange, Deutsche Börse, EuroNext, BXSwiss, Wiener Börse, Quotrix etc.
Business
Most Read
Business
Al Awali to raise US$133m
The Saudi developer will offer 20% of its shares on Nomu.
- the Saudi real estate developer will float its stake by the first quarter of 2023 as a step toward obtaining the funds that will be needed for the expansion plans
- The company has a capitalization of $53.33 million, and its shares are expected to be offered at between SR25 and SR32
Economy
OPEC’s World Oil Outlook to be launched at ADIPEC on Oct 31
This year’s publication will again be accompanied by a smart app to give increased access to the WOO’s vital analysis...
- This year’s publication will again be accompanied by a smart app to give increased access to the WOO’s vital analysis and energy data
- First published in 2007, the WOO provides an in-depth review and analysis of the global oil and energy industries
Business
flydubai, Smartwings sign agreement
flydubai will wet lease four Next-Generation Boeing 737-800 aircraft.
- flydubai currently operates a single-fleet type of Boeing 737 aircraft that includes 32 Next-Generation Boeing 737-800, 33 Boeing 737 MAX 8 and three Boeing 737 MAX 9.
- The all-Economy Class aircraft will operate on select routes on the flydubai network including Chattogram, Colombo, Dhaka, Karachi, Multan, Muscat and Sialkot.