ADNOC, Fertiglobe to pilot cost-effective modular carbon capture technology
ABU DHABI, UAE – ADNOC and Fertiglobe on Tuesday announced the pilot deployment of the world’s first cost-effective modular CycloneCC...
Business
Saudi Arabia launches program to document football clubs’ chants
Riyadh, Saudi Arabia - The Saudi Commission launched Wednesday "Saudi Football Trouq", a unique initiative that is dedicated to the...
Arts & Culture
Geostrategy
Lebanon stresses regional ties as Kordahi resigns
Kordahi had been in the eye of the storm for criticizing the Saudi-led military intervention in Yemen during an interview...
- Announcing his resignation, Kordahi said he had taken the decision because ‘Lebanon is more important’ than his position
- President Michel Aoun expressed hope that this move ‘would put an end to the imbalance in Lebanese-Gulf relations’
Business
WTO deal saves businesses $150bn a year
The deal with members including the US, EU, and Saudi Arabia agreeing to new ways to help businesses.
- The agreement is said to have called for members countries and groupings to create domestic regulation for services
- Such regulations would ‘improve the business climate, lower trade costs, and cut red tape so as to facilitate services trade worldwide’
Geostrategy
UAE, France sign MoUs, $18bn Rafale deal
The agreements will boost the strategic partnership between the two countries to serve their mutual interests.
- The agreements will boost the strategic partnership between the two countries to serve their mutual interests
- The signing was attended by Crown Prince Sheikh Mohamed bin Zayed Al Nahyan and President of France Emmanuel Macron
Geostrategy
HRW urges Lebanon to extend school registration deadline for Syrian kids
Lebanon's Education Ministry should extend the December 4, 2021, school registration deadline for Syrian children and end policies that are...
- The rights body also asked the government to end policies that block refugee children's access to education.
- Lebanon hosts 660,000 school-age Syrian refugee children, but 30 percent – 200,000 – have never been to school
Business
Samsung bags Aramco project
Samsung Engineering has bagged a $1.23 billion contract from Aramco to develop Jafurah Gas Process Package 1, a major project...
- It is part of the Jafurah shale gas field development located 400 km east of capital Riyadh and is expected to be completed in 2025
- The goal of the project is to produce shale gas, natural gas liquids (NGL), ethane, sulphur and stabilized condensate
Economy
Tunisia’s budget deficit narrows to nearly $1.3 billion at Sept end
Tunisia's budget deficit has narrowed to nearly 3.8 billion ($1.3 billion), at the end of September 2021, against 4.9 billion...
- The decrease in the budget deficit is due to the increase in budgetary resources by 10.3 percent
- The Ministry of Finance also reported the increase in cash resources by 18 percent to 12.8 billion dinars.
Economy
Capital Economics says Saudi economy will boom in Q4
Saudi Arabia will see a strong economic growth in the fourth quarter of 2021, due to a high oil production...
- According to a report by Capital Economics some 9.76 million barrels per day were produced in October, broadly in line with pre-virus levels of output
- Growth in local deliveries of cement – a proxy for construction activity – picked up in October
Geostrategy
EU-funded $10m project to improve water supply in Gaza City, Jabalia
The Palestinian Ministry of Finance and the KfW German Development Bank have signed an agreement funded by the European Union...
- The availability of clean drinking water in Gaza is one of the lowest in the world.
- The project includes the construction of a new concrete reservoir with a capacity of 26,400 cubic meters.
Business
DEWA inaugurates visitors center at Al Maktoum solar park
Saeed Mohammed Al Tayer, MD&CEO of Dubai Electricity and Water Authority (DEWA), has inaugurated the ‘Noor Energy 1 Visitors Centre’...
- The Noor Energy 1 Visitors Centre features an exhibition that chronicles the history of energy as well as future energy technologies.
- When fully operational, Noor Energy 1 will be the largest single-site concentrated solar power plant in the world.
Geostrategy
Iran attending Vienna nuclear talks with determination: Minister
Iranian Foreign Minister Hossein Amirabdollahian has said that Tehran has gone to Vienna with serious determination and a clear and...
- Iran says western powers should show seriousness and goodwill at the negotiating table.
- Foreign minister Hossein Amirabdollahian said the US is imposing sanctions on Iran while engaging in talks.
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ADNOC, Fertiglobe to pilot cost-effective modular carbon capture technology
ABU DHABI, UAE – ADNOC and Fertiglobe on Tuesday announced the pilot deployment of the world’s first cost-effective modular CycloneCC...
Business
Company News
Bahri, stc sign logistics deal
Business
Latest News
Raydan posts loss of $6m in H1
Business
KHC’s profit vaults by 1,162%
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.