Oil prices spike as Hamas attack on Israel fuels supply fears
The attack and Israel's declaration of war in response to it have raised concerns that a potential broadening of the...
Economy
Dubai’s weeklong real estate transactions exceed US$2.5bn
DUBAI, UAE - A total of 1,445 real estate transactions worth over US$2.5 billion (AED 9.5 billion) were conducted during...
Business
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.
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.
Oil prices spike as Hamas attack on Israel fuels supply fears
The attack and Israel's declaration of war in response to it have raised concerns that a potential broadening of the...
Economy
Company News
Bahri, stc sign logistics deal
Business
Latest News
Raydan posts loss of $6m in H1
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...
Business
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...
Economy
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
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Arts & Culture
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...
- The forum is being held on the occasion of the awarding ceremony of the King Abdullah bin Abdulaziz International Prize for Translation.
- It aims at highlighting and advancing the effective means in supporting translation projects.
Business
QNB posts 7% rise in profit
Its net profit for the first nine months of the year was $3bn.
- QNB has been subject to hyperinflationary accounting requirements since the second quarter of 2022 for its Turkey operations
- The Doha-based lender’s operating income increased 24 percent year-on-year to $7.03 billion
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