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
Geostrategy
193 countries adopt first global pact on Artificial Intelligence ethics
All member nations of UNESCO adopted on Thursday a historical text that defines the common values and principles needed to...
- The Recommendation on Ethics of AI sets the first global normative framework while giving countries the responsibility to apply it at their level.
- Until the pact, there were no universal safeguards against ethnic bias, privacy threats, dangers of mass surveillance: UNESCO.
Ahmed Al Jarwan elected president of Paris Peace Forum
Al Jarwan was elected by a unanimous vote during a meeting held in Paris.
- Al Jarwan was elected by a unanimous vote during a meeting held in Paris
- The forum has been a key international platform for promoting peace and tolerance
Business
Dubai sees $1.9b weeklong real-estate transactions
The Dubai Land Department or DLD said the emirate saw a total of 1,850 real-estate transactions over the seven-day period.
- A total of 166 plots were sold for AED1.01 billion ($275 million) in the emirate over the week
- Also, 1,684 apartments and villas were sold in the same timeframe, for AED 3.83 billion ($1.04 billion)
Business
Saudi Arabia: Diriyah Square will host over 450 of the finest global brands
Diriyah Square has been billed as an icon of DGDA projects, due to its unique attractions and luxurious modern lifestyles.
- Diriyah Square has been billed as an icon of DGDA projects, due to its unique attractions and luxurious modern lifestyles
- The project will apply timeless Najdi-inspired architecture and design principles that reflect the profoundness and antiquity of Saudi culture
Economy
Dubai ranks first in Arab world in Innovation Index
The report also highlights that 2014 saw the launch of the first Dubai Innovation Index, which was the first-of-its-kind city...
- The report, entitled The Road to Recovery through Resilience and Innovation, examined 39 cities
- Singapore and Hong Kong maintained their first and second places on the Index respectively
Geostrategy
Israel Aerospace Industries to open office in UAE
The new office will strengthen IAI's growing cooperation with the local and regional governments, industries, companies, and academia, and will...
- The office opens following the company's historic participation at the Dubai Airshow
- The development is a testament to IAI’s growing collaboration with the UAE and the region as a whole
Arts & Culture
Saudi Fashion Commission to host Global Fashion Exchange in Riyadh
The GFX Swap Shop represents the latest development for the Fashion Commission as they continue to spearhead the growth of...
- The GFX Fashion Swap will take place at Personage concept store in Riyadh on December 11 and 12
- The swap is built upon a simple yet effective concept; no money changes hands and everyone is invited
Business
dnata expands to Africa
It has set up operations in Zanzibar with $7m investment.
- dnata has signed an agreement for the operations of the newly international terminal of the Zanzibar Abeid Amani Karume International Airport
- It has said it will also create 400 new jobs at the airport
Business
AD Ports Group and Turkiye Varlik Fonu sign partnership agreement
AD Ports Group and Turkey’s Turkiye Varlik Fonu signed a strategic partnership agreement to collaborate on major investment opportunities for...
- The partners will collaborate on major investment opportunities for port development and operations.
- The two organizations will also collaborate in establishing a joint steering committee to assess all investment opportunities.
Geostrategy
UNESCO declares Dec 2, UAE’s National Day, as World Futures Day
UNESCO's choice of December 2, the National Day of the UAE, as World Futures Day, is a sign of appreciation...
- The international recognition of the UAE as a country for the future places responsibility 'on us' to develop capabilities, says UAE Prime Minister.
- The decision reflects UAE's global position as a model for development based on building and forging the future, says UAE minister.
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
Saudi Fisheries posts losses
Business
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Raya CX, Zain Saudi sign pact
Business
Kuwait puts off first parliament session until mid-October
Kuwait City, Kuwait— Kuwait has decided to postpone the convening of the first parliament session after elections to Oct. 18,...
Geostrategy
Saudi Arabia says it does not politicize oil or oil decisions
Seeking to debunk the impression that it was somehow behind the rise in oil prices in the US, Saudi Arabia...
Business
Sharjah tourism body to highlight AI, technology in tourism
Sharjah Commerce and Tourism Development Authority (SCTDA) has confirmed its participation at the 42nd GITEX Technology Week, to be held...
Economy
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Science
DEWA invites proposals for work on sixth phase of solar park
Dubai Electricity and Water Authority (DEWA) has invited international developers to send their Expressions of Interest (EOI) to implement the...
- The 900 MW sixth phase of the Solar Park will be implemented using photovoltaic solar panels.
- The production capacity of clean energy has reached about 12.1 percent of Dubai’s total energy mix.
Economy
‘Unit 3 of Barakah Plant linked to UAE’s transmission grid’
The Emirates Nuclear Energy Corporation (ENEC) announced that Unit 3 of the Barakah Nuclear Energy Plant has successfully been connected...
- Unit 3 will add another 1,400 megawatts of zero-carbon emission electricity capacity to the national grid.
- The nuclear sector is a vital part of the UAE’s clean energy system of multiple low-carbon technologies.
Business
OneConnect enters Abu Dhabi Global Market
Abu Dhabi, UAE - OneConnect Financial Technology launched Saturday its regional operations in Abu Dhabi Global Market, local media reports...
- The company will support fintech ecosystem and enhance digital transformation of UAE's financial services
- It unveiled digital banking solutions suite, OneCosmo, which can support the industry's open banking and open finance agenda