DEWA commissions 200MW second unit in Al Maktoum Solar Park
Dubai, UAE - Dubai Electricity and Water Authority (DEWA) commissioned the 200MW second unit of the parabolic basin complex in...
Business
China grants Approved Destination Status to Saudi Arabia
RIYADH, SAUDI ARABIA – China on Tuesday granted Approved Destination Status (ADS) to the Gulf Kingdom. The bilateral agreement, signed...
Geostrategy
Arts & Culture
Archeologists find ancient weaving workshop in Turkey
They have also unearthed weight stones used to turn wool into rope during excavation work.
- Digging at the ancient site has been ongoing since the early 2000s, and a variety of items have reportedly been unearthed this year alone
- The items are said to include a historical Roman fountain, various architectural structures, and several aqueducts
Arts & Culture
Instagram launches first-of-its-kind filter for UAE Golden Jubilee
The UAE is reportedly the first country to have such filter on the social networking site.
- Instagram developed the filter to be used for UAE passport and Expo passport holders
- It is said to have been developed in partnership with the Ministry of Foreign Affairs and International Cooperation (MoFAIC)
Business
London based firm seeks investment opportunities in Jordan
"Jordan represents a unique and strategic opportunity for global investors. We are looking forward to strengthening our ties further in...
- This is a major move for RiverBay Capital on its mission to provide Europe with institutional access to markets in the Middle East
- RiverBay Capital has successfully established itself as a bridge between real estate markets in Europe and the Middle East
Economy
OPEC Fund extends $80m loan to Afreximbank
The OPEC Fund’s support will assist in boosting Afreximbank’s liquidity to grow its loan portfolio as it finances exports and...
- The OPEC Fund’s support will assist in boosting Afreximbank’s liquidity to grow its loan portfolio as it finances exports and imports in critical sectors across Africa
- The OPEC Fund’s loan will help address some of the challenges, which are also impacted by the COVID 19 pandemic
Business
Blink Experience backs Saudi GP
Saudi GP said the UAE company is now an official supporter.
- The Saudi GP is expected to be the largest sporting event to be hosted by the country
- It is going to be held for the first time at the Jeddah Corniche Circuit
Arts & Culture
Saudi Arabia’s Rijal Almaa in list of best tourist villages in world
UNWTO selected Rijal Almaa among 175 participating entities representing 75 countries.
- UNWTO selected Rijal Almaa among 175 participating entities representing 75 countries
- The village consists of 60 multi-storey palaces, built of natural mud stone and wood
Economy
EBRD launches e-learning program on capital markets in Morocco
The European Bank for Reconstruction and Development (EBRD) has said it will support the Moroccan financial system by launching an...
- Participants’ progress will be tracked on a learning management system and given a certificate on completion of training.
- The participants would learn about managing and pricing credit risk, raising funds via fixed-income and money markets.
Business
Pakistan’s national carrier to start flights from Karachi to Mashad in Iran
Chief Executive of Pakistan International Airlines (PIA) Air Marshal Arshad Malik announced that the PIA will start direct flights from...
- Currently, Iran Air operates a flight a week from Tehran to Karachi and vice versa.
- There are reports that Mahan Iran Airlines will resume flights from Tehran and Mashad to Lahore.
Business
Central Bank of Jordan joins network of 100 central banks in green finance pursuit
The Central Bank of Jordan (CBJ) has joined the Network for Greening the Financial System (NGFS), a network of 100...
- The network is pursuing a better global response and delivery of the Paris and Glasgow climate agreements, said the bank.
- Qatar has the highest GDP per capita in the Arab world due to its small population.
Arts & Culture
Kuwait Theater Festival to develop cultural movement, foster talent: Minister
Kuwait Theater Festival is a civilizational platform that contributes to the development of the cultural and theatrical movement in Kuwait,...
- The 21st edition of the festival opened on Wednesday under the patronage of Kuwait's Minister of Information and Culture Abdulrahman Al-Mutairi.
- The festival features eight performances and a symposium dealing with the experimentalism in Kuwaiti theater and ethics in the festival.
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
DEWA commissions 200MW second unit in Al Maktoum Solar Park
Dubai, UAE - Dubai Electricity and Water Authority (DEWA) commissioned the 200MW second unit of the parabolic basin complex in...
Business
Company News
Raydan posts loss of $6m in H1
Business
KHC’s profit vaults by 1,162%
Business
Latest News
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.