Qatar launches ‘Istamer’ platform to employ retirees in private sector
DOHA, QATAR - The Ministry of Labor (MoL) launched the "Istamer" digital platform, which deals with employing Qatari retirees wishing...
Business
Russian defense minister says Moscow-Tehran ties improving despite sanctions
MOSCOW, RUSSIA – The cooperation between Moscow and Tehran is reaching new highs, Russian Defense Minister Sergey Shoigu said on...
Geostrategy
Geostrategy
Qatar, Turkey sign 11 new agreements
The signing is to take place at the 7th session of the Supreme Strategic Committee between the two countries.
- The signing is to take place at the 7th session of the Supreme Strategic Committee between the two countries
- Qatar is also working alongside Turkey and the interim government of Afghanistan to reach an agreement to restart the normal operation of Kabul Airport
Business
Moody’s forecasts stable outlook for GCC banks
Moody’s has forecast a stable outlook for GCC banks during the next 12 to 18 months, primarily due to economic...
- “Banks’ asset quality will remain high, even as non-performing loans rise slightly as repayment holidays expire”
- GCC governments have ample capacity to support banks in a crisis remains very high, thanks to large sovereign wealth funds
Arts & Culture
UAE launches AED50 banknote to mark Golden Jubilee
The new issue is the first banknote made of polymer material to be circulated in the UAE. Polymer banknotes are...
- The initiative comes in honor of the founding father Sheikh Zayed bin Sultan Al Nahyan
- It also honors the first generation of rulers of the emirates, as well as their role in uniting the country
Economy
UAE first to have 4.5-day workweek in the world
Official sources said the country would, from January 1, ‘transition to a four and a half day working week,’ with...
- From January 1, all government entities may have eight working hours a day from Monday to Thursday, from 7:30 am to 3:30 pm
- Fridays will apparently have 4.5 working hours: from 7:30 am to noon, with Friday sermons and prayers held after 1:15 pm
Business
Saudi Arabia, Oman ink 13 business deals
The deals were inked by Oman Investment Authority firms with Saudi counterparts as Saudi Crown Prince Mohammed bin Salman visited.
- OQ signed three MoUs in the fields of petrochemicals, renewable energy and green hydrogen sector
- In the field of dry dock and logistic services, Asyad signed an MoU with a Saudi shipping company
Business
DEWA launches EV Green User Dashboard
The EV Green Charger User Dashboard allows customers to manage multiple EV Green Charger cards, and pay their bills.
- The dashboard enables customers to track their charging and consumption data through DEWA’s website/smart app
- DEWA provides its EV Green Charger service to all electric vehicle users in Dubai, including local and international visitors
Infographics
Time to decrypt internet speed in Arab world
This week's TRENDS infographic tries to find out where do Arab countries stand in terms of the speed of broadband...
- The internet connectivity is a cornerstone to business, education, financial literacy, access to employment and health care through telemedicine
- This TRENDS infographic tries to find out where do Arab countries stand in the latest Speedtest index.
Business
Tadawul shares set to trade, after huge investor interest
After evoking a huge interest in investors, shares of Tadawul group will begin trading on the main market on Wednesday,...
- The individual subscribers tranche of Tadawul’s initial public offering was 442.53 percent oversubscribed with a total demand of SR5.02 billion ($1.3 billion)
- The stock exchange group was offering 10.8 million shares to individual investors, or 30 percent of the total offer shares at a final price of SR105
Business
Jordan olive festival clocks sales of $4.23m
The sales of the 10-day festival included olive oil and various rural products, in addition to production kitchens.
- The festival was conducted in cooperation with the Ministry of Agriculture and several local and international partners
- In all, 263,458 people visited the event this time
Business
Oman budget deficit down by 62.9 percent as oil prices recover
The deficit had fallen to RO1 billion ($2.6 billion) by October-end from RO2.71 billion ($7.05 billion) during the same period...
- Oman’s total general revenues as at the end of October had increased 28.1 percent and stood at RO8.33 billion ($21.67 billion)
- The revenues stood at RO6.5 billion ($16.91 billion) during the corresponding period in 2020
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
Qatar launches ‘Istamer’ platform to employ retirees in private sector
DOHA, QATAR - The Ministry of Labor (MoL) launched the "Istamer" digital platform, which deals with employing Qatari retirees wishing...
Business
Company News
Latest News
Bahri, stc sign logistics deal
Business
Saudi Arabia announces bidders for gypsum ore exploration
Riyadh, Saudi Arabia— Saudi National Gypsum Co. and El-Khayyat Gypsum are among the eight qualified bidders to compete for an...
Business
MEmob+, GeoDB partner to launch a Digital Wallet, Blockchain Protocol
The investment reinforces both companies’ shared vision of democratizing data, changing how data is shared and monetized by the users...
Business
Most Read
Geostrategy
UAE, Serbian presidents discuss bilateral relations
They also discussed opportunities to extend their cooperation within the framework of their comprehensive strategic partnership.
- They also discussed opportunities to extend their cooperation within the framework of their comprehensive strategic partnership
- They also reviewed various aspects of economic, commercial and political cooperation
Business
Dubai records over US$435m in realty transactions Monday
Dubai real estate market recorded 445 sales transactions worth US$321 million, in addition to 68 mortgage deals of $121 million...
- Dubai real estate market recorded 445 sales transactions worth $321 million.
- The market witnessed 68 mortgage deals of $121 million and 37 gifts deals amounting to $16 million.
Economy
Saudi Arabia’s Industrial Production Index in August up by 6.8 percent
Riyadh, Saudi Arabia-- Saudi Arabia's Industrial Production Index in August 2022 increased by 6.8 percent compared to August 2021. The...
- In August 2022, mining and quarrying grew by 15.5 percent compared to August 2021.
- The manufacturing activity increased by 22 percent compared to the same month of the previous year. The electricity and gas supplies increased by 11.3 percent.