Saudi Arabia’s Tabuk region produces over 28m roses annually
TABUK, SAUDI ARABIA - The Tabuk region's agricultural sector is making steady progress towards achieving the goals of Saudi Arabia's...
Business
Saudi Arabia, Pakistan ink pact on digital transformation, innovation
RIYADH, SAUDI ARABIA - The Kingdom of Saudi Arabia signed a memorandum of understanding (MoU) with Pakistan here on Sunday...
Geostrategy
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
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
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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 Arabia’s Tabuk region produces over 28m roses annually
TABUK, SAUDI ARABIA - The Tabuk region's agricultural sector is making steady progress towards achieving the goals of Saudi Arabia's...
Business
Company News
Latest News
NAFIS partners with du to hire 500 Emiratis in private sector
The MoU aims to enhance the cooperation between the two parties to spread awareness and introduce the initiatives and programmes...
Economy
UAE President Sheikh Mohamed holds talks with President Putin
UAE President Sheikh Mohamed bin Zayed Al Nahyan has called for peace during his meeting with Russian President Vladimir Putin...
Geostrategy
Most Read
Business
DEWA to enhance ties with foreign firms at GITEX Global 2022
MD and CEO of Dubai Electricity and Water Authority (DEWA) Saeed Mohammed Al Tayer received Consul-General of Canada to Dubai...
- Al Tayer emphasized DEWA’s keenness to consolidate cooperation and exchange expertise with Canadian companies.
- The DEWA CEO highlighted DEWA’s key development projects and strategic initiatives, especially the technological projects.
Economy
UAE to launch new integrated ‘EmaraTax’ platform later this year
Dubai, UAE---The UAE Federal Tax Authority (FTA) has announced that the new "EmaraTax" integrated platform will be launched later this...
- EmaraTax will significantly enhance the way that taxpayers can access the FTA’s services, pay their taxes and obtain refund.
- The new platform also greatly enhances the ability of the FTA to administer taxes in the UAE.
Business
Villas, apartments worth $265 million sold in Dubai
Dubai, UAE--- Dubai real estate market recorded realty deals worth AED1.5 billion ($408 million) on Tuesday, Dubai Land Department said.
- The total realty deals recorded during the day amounted to $408 million, according to Dubai Land Department.
- Mortgages included 47 villas and apartments worth AED109.29 million and 30 land plots valued at AED80.72 million.