Tadawul’s sukuk, bonds market sees $3.4bn negotiated deals in first 9 months of 2023
RIYADH, SAUDI ARABIA – The Saudi Exchange's (Tadawul) sukuk and bonds market witnessed 74 negotiated deals worth nearly SAR 12.77...
Market Report
ADB capital reforms unlock $100bn to support Asia and the Pacific region
MANILA, PHILIPPINES - The Asian Development Bank (ADB) approved capital management reforms that unlock US$100 billion in new funding capacity...
Economy
Economy
UAE signs deal with France for food security
The signing of the MoU reportedly coincided with the visit of the French President Emmanuel Macron to the UAE.
- Under the terms of the MoU, the two countries are expected to collaborate to facilitate trade in agricultural and food products
- They will also work for the development of sustainable agricultural production with a focus on innovation
Business
Jordanian exporters association seeks to bridge trade imbalance with Turkey
According to official data, Jordanian exports to Turkey in the first 8 months of the current year dropped by 10...
- According to official data, Jordanian exports to Turkey in the first 8 months of the current year dropped by 10 percent to JD29 million
- Turkish imports to the Kingdom in the same period surged by 25 percent to a total of JD303 million
Geostrategy
Saudi Crown Prince Mohammed bin Salman to visit Oman Monday
The visit will explore diverse areas that serve the interests of the two countries.
- The visit will explore diverse areas that serve the interests of the two countries
- It will be the culmination of the visit of Oman Sultan Haitham Bin Tarik to the KSA in July 2021
Business
SAMI of KSA and a French firm set up a joint venture
The Saudi Arabian Military Industries, a subsidiary of the Public Investment Fund, launched a joint venture with French company Figeac...
- The company said that the joint venture’s revenue would reach $200 million by 2030 and the ownership would be divided among the two countries
- SAMI also signed an agreement with Airbus to form a joint project specialized in military aviation services and maintenance
Business
Egypt to boost cotton gins capacity to 4.4m kantars
Egypt will increase cotton gins capacity to 4.4 million kantars annually up from 1.5 million kantars, according to a government...
- A kantar is the official Egyptian weight unit for measuring cotton
- It is equal to either 157 kg of seed cotton or 50 kg of lint cotton
Business
Mubadala signs two deals to facilitate investments in France
Mubadala Investment Company (Mubadala) has revealed that it signed two agreements to facilitate investments in sectors of mutual priority and...
- The agreements are part of economic deals valued at more than €15 billion signed between Emirati and French companies
- The first agreement between Mubadala and Bpifrance will see the co-investment partnerships between the two companies extended by an additional €4 billion
Economy
Jordan woos Russia for local investment
Russian representatives from three provinces met with commissioner general of the Jordan Pavilion at Expo 2020 Dubai.
- Jordan has invited investment from an industrial and economic delegation from Russia
- The Russian delegation represented three Russian provinces
Business
BNET gets new CEO
Al Khalifa is an Engineer with 14 years of experience
- Sheikh Ebrahim Al Khalifa is an Engineer with over 14 years of experience in information systems, customer care systems, business processes, and consultancy
- BNET is the Kingdom of Bahrain’s national broadband network responsible for the design, construction and operation of Fiber infrastructure.
Economy
Morocco Employers’ Association, IMF discuss economic recovery
The president of the CGEM, Chakib Alj, highlighted 15.2 percent growth in the Moroccan economy in the second quarter of...
- The president of the CGEM, Chakib Alj, highlighted 15.2 percent growth in the Moroccan economy in the second quarter of 2021
- The kingdom also recorded a 22.1 percent increase in exports between September 2020 and September 2021
Geostrategy
UAE discusses bilateral cooperation with Greece and Ukraine
Sheikh Mohamed has talked to Greece and Ukraine to enhance his country’s bilateral ties with them.
- With the Greek prime minister, he explored the path of further strengthening the existing strategic partnership between the two countries
- With Ukraine's president, Sheikh Mohamed reviewed the prospects of enhancing their cooperation
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Tadawul’s sukuk, bonds market sees $3.4bn negotiated deals in first 9 months of 2023
RIYADH, SAUDI ARABIA – The Saudi Exchange's (Tadawul) sukuk and bonds market witnessed 74 negotiated deals worth nearly SAR 12.77...
Market Report
Company News
Latest News
Bahri, stc sign logistics deal
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.
Business
Unemployment Insurance Scheme comes into force in UAE
The Ministry of Human Resources and Emiratization (MoHRE) of UAE announced that an 'Unemployment Insurance Scheme' for employees of the...
Economy
Forum to discuss state of translation in Arab world at Cairo varsity
Riyadh, Saudi Arabia--The 10th Scientific Forum of translation themed “Time Differences between Composition and Translation in the Arab World” will...
Arts & Culture
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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...
- The site, with an area of 600,00 sq.m, is located south of the Nabat Center in Al Madinah Al Munawwarah region
- Saudi Arabia is expecting its mineral wealth to exceed earlier estimates of $1.3 trillion as it triples spending on the exploration of metals over the next three years
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...
- The investment reinforces both companies’ shared vision of democratizing data, changing how data is shared and monetized by the users and brands
- The decentralized wallet will empower people to earn rewards for the data they share and gain control of the data they generate
Economy
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...
- The PBOC said the renewal would help deepen bilateral financial cooperation, facilitate trade and investment, and maintain the stability of the financial market
- A currency swap sees two parties agree to exchange a certain amount of foreign currency at a pre-determined rate, protecting against fluctuations