Dubai Customs strengthens partnerships with courier firms to expand e-commerce
DUBAI, UAE - Dubai Customs recently convened an extensive meeting with the courier and express shipping companies, aimed at bolstering...
Business
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
Business
Khalifa University sets up a business unit with AED100m
Khalifa University of Science and Technology has launched a business and investment arm of the university named Khalifa University Enterprises...
- Khalifa University Enterprises Company will include ‘Innovation Acceleration and Startups’ and ‘KU Ventures’
- Its mission is to boost and speed up business engagements with the University
Business
UAE and Greek credit insurance organizations to promote businesses
The UAE's federal export credit company Etihad Credit Insurance (ECI) signed an MoU with Greece’s Export Credit Insurance Organization (ECIO)...
- An MoU between Etihad Credit Insurance and Greece’s Export Credit Insurance Organization will also promote SMEs.
- This agreement follows the recent UAE-Greece high-level diplomatic meetings between the ministers of both countries.
Economy
Iraq’s budget for 2022 to focus on investment projects
Iraq’s general budget for 2022 will focus on implementing a set of investment projects in line with diversifying economy and...
- Salih belives the fluctuations in the oil markets and the global economic situation will cast a shadow over the draft general budget for 2022
- The Ministry of Planning said that employee salaries, social protection and other expenses were not affected by the delay in approving the general budget law
Geostrategy
Iran says ‘firmly determined’ to salvage nuclear deal
The government has shown its willingness and seriousness by sending a quality team known to all. If the other side...
- The 2015 agreement offered a lifting of some of the array of economic sanctions in return for strict curbs on its nuclear program.
- But the deal began falling apart in 2018 when then US president Donald Trump pulled out and began reinstating sanctions.
Business
Kuwait begins a drive to educate people on virtual assets
The Central Bank of Kuwait (CBK) and Capital Market Authority (CMA) have launched a campaign to educate people about virtual...
- The CBK and the CMA said in a joint statement on Sunday the campaign was launched as part of efforts to raise people's awareness as how to deal with these assets
- Traders in the digital assets are prone to fall prey to scam, thus these online dealings are quite risky, particularly for individuals
Economy
Qatar to train cadres from national forces for job market
Qatar's Ministry of Labour has signed a Memorandum of Understanding (MoU) with the Qatar Financial Centre (QFC) Authority to train...
- Ministry of Labor will provide national workforce data of male and female candidates to be employed at companies licensed by the QFC Authority.
- The move is aimed at realizing the objectives of Qatar National Vision 2030.
Geostrategy
An assembly of Global Public Diplomacy kicks off in Qatar
The seventh General Assembly of Global Public Diplomacy Network will get underway in Katara, chaired by Qatar.
- The meeting is scheduled to witness modifications in the development of the network's structure, and to lay out a vision for its strategy in expanding the areas of cooperation
- It will also witness the joining of seven new countries (Bulgaria, Albania, Romania, Tajikistan, Ghana, Rwanda, and Palestine)
Infographics
Which are the happiest Arab countries?
A number of Arab countries have scored quite well in the just-published 2021 edition of the World Happiness Report.
- At least six factors seem to contribute to the perception of happiness within a country
- They are levels of GDP, life expectancy, generosity, social support, freedom, and corruption
Science
Qatari institute and Scripps Research sign pact to develop novel medicines
Qatar Biomedical Research Institute (QBRI) biomedical institute and Scripps Research will collaborate under an agreement to accelerate biomarker and drug...
- The partnership will enable the exchange of expertise and capabilities between laboratories of both institutes.
- Projects led by Scripps Research will focus on developing therapies for intestinal and lung repair.
Business
Doha hosts triathlon federations’ meeting to develop sport
A meeting of the GCC triathlon federations was held in Doha to discuss proposals for the development of sports in...
- The meeting discussed the proposal to establish the Gulf triathlon league
- Federations of Qatar, Saudi Arabia, Oman, Bahrain, Kuwait and the UAE were present.
Dubai Customs strengthens partnerships with courier firms to expand e-commerce
DUBAI, UAE - Dubai Customs recently convened an extensive meeting with the courier and express shipping companies, aimed at bolstering...
Business
Company News
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Seera sees 43% slide in loss
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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...
Geostrategy
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...
Business
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Business
Almarai posts profit in Q3
The Saudi firm's net profit rose 10% to $372m.
- However, the company's stock took a dip, falling 4.15 percent to end the session at SR53.10
- The company said positive revenue growth was also witnessed across all categories after the removal of COVID-19 movement restrictions and the re-opening of educational institutions
Economy
Jordan fixes bread prices until 2023 amid global grain price hike
According to the cabinet decision, the price of large-sized white pitta bread will remain at 320 fils, while small-sized white...
- According to the cabinet decision, the price of large-sized white pitta bread will remain at 320 fils, while small-sized white pitta bread will remain at 400 fils
- The decision also included continuing to provide $6 in cash support to non-mechanical bakeries, specifically those that use one tonne or less of flour daily
Business
e& forays into the metaverse
The move marks a significant achievement for the Group
- The move marks a significant achievement in the Group’s transformation journey to a global technology and investment conglomerate
- Metaverse technology is in the early incubation stages, given that it needs high-bandwidth and low-latency communications to work at scale