ADNOC, TAQA complete financial closing on sustainable water supply project
ABU DHABI, UAE - ADNOC and Abu Dhabi National Energy Company (TAQA) have completed the financial closing of their $2.2...
Business
Real estate transactions in Ajman totaled US$408m in August
AJMAN, UAE – Real estate transactions in August achieved a growth of 61.5 percent compared to the same period in...
Business
Business
Saudi Arabia to speed up real-estate title registration
The move is expected to raise the country’s ranking in relevant international indexes.
- Two Saudi ministries are looking to set up committee to facilitate real-estate tasks,
- The panel is also expected to prepare a plan for the application of property ID to all title deeds, and studying joint property title deeds
Business
ENOC plans Dubai compact stations
The first compact station opened at Dragon Mart 2 this month.
- After Dragon Mart and International City, the ENOC Group plans to open five more compact stations in Dubai
- The remaining seven expected to be launched across additional locations by 2023
Business
Oxford Business Group, QDB report maps Qatar’s start-up and SME ecosystem
A new report produced by Oxford Business Group (OBG) in partnership with Qatar Development Bank maps out the country’s efforts to...
- The Business Journey Report combines analysis, key data and infographics relating to the socio-economic landscape.
- The key focus for Qatar's vision 2030 is the country’s ongoing economic diversification and private sector development agenda.
Economy
UAE Railways Program: Country’s largest integrated transportation system launched
The UAE government on Sunday announced the launch of the UAE Railways Programme, the largest integrated system for transporting goods...
- The first phase of the Etihad Rail has been fully operational since 2016
- The investments of the UAE Railways Programme amount to AED50 billion, 70 percent of which target the local market.
Business
OFID’s $80m loan expected to boost trade in Africa
The OPEC Fund for International Development (OFID) has signed an $80 million loan agreement with the African Export-Import Bank (Afreximbank)...
- The financial support will assist in boosting Afreximbank's liquidity to grow its loan portfolio as it finances exports and imports in critical sectors
- The OPEC Fund's loan will address trade challenges impacted by the COVID-19 pandemic
Business
Borouge awards EPC contracts
The $6.2 bn contracts are meant for expansion in Ruwais
- With this expansion, Borouge said it will become the world’s largest single-site polyolefin complex.
- Borouge 4 will boost the company’s annual polyolefin production to 6.4 million tons.
Economy
Bahrain to introduce digital currency in the country
The Central Bank of Bahrain will offer the digital Dinar through a digital payments platform that can be accessed round...
- The central bank also intends to gradually raise the share of financing for small- and medium-sized enterprises
- Bahrain plans to list five more companies on its stock exchange next year including Bahrain Airport Services Company
Geostrategy
Austerity, far right: Merkel’s ambivalent legacy
During 16 years in power, she navigated Germany through the 2008 financial turmoil and ensuing eurozone debt crisis, the 2015...
- At the zenith of her popularity, Merkel led the conservatives to a thumping win with 41.5 percent of the vote in 2013.
- Merkel was lauded by human rights activists in 2015 for keeping Germany's borders open to hundreds of thousands of refugees.
Economy
UAE foreign trade in past 50 years rises 473 times to $9.3 trillion
The total value of the UAE’s foreign trade in the past five decades amounted to some AED34.23 trillion ($9.32 trillion),...
- The country’s trade balance from 1971 to 2020 recorded a surplus of nearly $1.3 trillion (AED4.76 trillion).
- UAE's exports increased 380 times, rising from $842 million (AED3.1 billion) in 1971 to $319.3 billion (AED1.17 trillion) by the end 2020.
Videos
This is the safest Arab country for women
When sexual harassment and other forms of violence are an everyday occurrence for women and girls around the world, there...
- Norway, according to the latest Gallup’s Institute “Law and Public Order” Index, is the safest country for women
- There is one Arab country on the index that is considered the safest place for women on earth after Norway
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
ADNOC, TAQA complete financial closing on sustainable water supply project
ABU DHABI, UAE - ADNOC and Abu Dhabi National Energy Company (TAQA) have completed the financial closing of their $2.2...
Business
Company News
Bahri, stc sign logistics deal
Business
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Raydan posts loss of $6m in H1
Business
KHC’s profit vaults by 1,162%
Business
China’s Central Bank, European Central Bank renew currency swap deal
The PBOC said the renewal would help deepen bilateral financial cooperation, facilitate trade and investment, and maintain the stability of...
Economy
UAE, Serbian presidents discuss bilateral relations
They also discussed opportunities to extend their cooperation within the framework of their comprehensive strategic partnership.
Geostrategy
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...
Business
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Geostrategy
Saudi Arabian delegation visits Oman, to enhance bilateral ties
A Saudi Arabian delegation led by Minister of Communications and Information Technology Eng. Abdullah bin Amer Al-Swaha is on a...
- A Saudi Arabian delegation led by Minister of Communications and Information Technology Eng. Abdullah bin Amer Al-Swaha is on a visit to Oman.
- The Saudi delegation met with Oman's Minister of Transport, Communications and Information Technology Saeed Al-Mawali and Minister of Economy Saeed As-Saqri.
Business
Burjeel begins trading on ADX
Shares closed the debut session up 15 percent ($0.62).
- The company raised AED1.1 billion ($299.49 million) after offering a 11 percent stake in an IPO.
- It was oversubscribed 29 times to over AED32 billion after seeing a significant demand from UAE and outside investors.
Business
E-marketing reduce prices of poultry products by up to 20% in Saudi
Riyadh, Saudi Arabia--Saudi Poultry Producers Committee has said that use of some applications in marketing has helped consumers obtain products...
- Saudi Poultry Producers Committee recommends farmers to benefit from modern marketing technologies.
- Saudi Ministry of Environment, Water and Agriculture recently set up a company to market Saudi agricultural products in cooperation with the Federation of Saudi Chambers.