Real estate trading volume in Qatar exceeds US$88m in week
DOHA, QATAR - The volume of real estate trading in sales contracts at the Department of Real Estate Registration at...
Business
Dubai at top global ranking for attracting Greenfield FDI projects in H1 2023
DUBAI, UAE - Dubai remains the top global destination for attracting Greenfield Foreign Direct Investment (FDI) projects, with the emirate...
Business
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
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.
Real estate trading volume in Qatar exceeds US$88m in week
DOHA, QATAR - The volume of real estate trading in sales contracts at the Department of Real Estate Registration at...
Business
Company News
Alhokair trims H1 loss by 49%
Business
Latest News
SALIC to set up storage center
Business
Burjeel Holdings set to expand to Oman, Saudi Arabia
The company is raising capital to support the ongoing expansion in the UAE and Oman, and pending entry into Saudi...
Business
Dubai’s Museum of the Future to house Global Futurist Society
The Global Futurist Society headquarter at the MOTF creates a physical center for international and cross-border dialogue.
Science
Video highlights: Futuristic TOP CEO 2022 discusses economic opportunities
The TOP CEO Conference, held in Dubai in Q2, discussed several burning global and regional issues of the time. It...
Business
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Business
ENOC unveils service station of future for public at Expo City
Dubai, Abu Dhabi -- ENOC Group announced Wednesday that its Service Station of the Future is now open to the...
- Expo City Dubai is now ready to host 145,000 residents and workers, becoming the UAE’s first 15-minute city.
- This includes amenities in close proximity to the 85 start-ups and small businesses that occupies the commercial space.
Business
Yellow Door closes $400m equity raise
It plans to deploy $1bn in sustainable energy projects.
- Yellow Door said in a statement that the funding was substantially provided by YDE’s newest and now controlling shareholder, Actis.
- Existing shareholders International Finance Corporation (IFC), Mitsui & Co., and APICORP also increased their equity commitments.
Business
Wio Bank, Stripe sign partnership
Will enable SMEs to access e-commerce faster.
- They will also ensure easy onboarding and a simple pay-as-you-go pricing model.
- Users can soon sign up on the Wio Business app and be set up with a payment gateway to optimize payments within minutes.