ROSHN group opens sale for SEDRA phase 3 units in Riyadh
RIYADH, SAUDI ARABIA - ROSHN Group, one of the Public Investment Fund (PIF) subsidiaries, announced on Sunday the opening of...
Business
IsDBI, BIBF join hands to enhance global Islamic finance expertise
MANAMA, BAHRAIN - The Bahrain Institute of Banking and Finance (BIBF) and the Islamic Development Bank Institute (IsDBI) have decided...
Business
Business
Ooredoo and Qatar Financial Centre to extend collaboration
Ooredoo and Qatar Financial Centre have signed a partnership agreement to leverage joint experience, expertise, and capabilities to further extend...
- The partnership incorporates a number of initiatives planned for the coming years, with a clear focus on areas of joint interest
- Sectors in which these initiatives will be rolled out include digital innovation, smart cities, fintech, cybersecurity API, cloud solutions
Business
QFZA and Aspiration to bring sustainability services to MENA
Qatar Free Zones Authority (QFZA) and Doha Venture Capital (DVC) have signed an agreement with Aspiration to expand access to...
- The partnership is in line with QFZA's efforts to develop the world’s first net zero free zones
- The agreement is part of a broader collaboration between Aspiration and Qatar Free Zones
Geostrategy
GCC Unified Military Command’s headquarters opens in Riyadh
The opening was also attended by GCC defense ministers, and GCC Secretary General Dr. Nayef Falah Mubarak Al-Hajraf.
- The opening was also attended by GCC defense ministers, and GCC Secretary General Dr. Nayef Falah Mubarak Al-Hajraf
- Al-Hajraf said the opening of the UMC comes as a message of peace and determination to protect the GCC security and stability
Business
GSCCO enhances Jubail port
The company is part of the UAE-based Gulftrainer group.
- GSCCO has carried out enhancements to the Jubail Commercial Port in Saudi Arabia to increase its capacity
- With the upgrades, the port now has the capacity to process 1.8 million 20-foot containers or TEUs per year
Economy
Qatar, Poland to enhance cooperation: Polish Deputy Foreign Minister
Deputy Foreign Minister Pawel Jablonski of Poland said on Monday that Poland and Qatar can increase their cooperation in many...
- Jablonski said that his current visit to Doha aims to discuss new opportunities to support and advance economic, investment and tourism cooperation
- He also discussed with Qatari officials ways to enhance cooperation with the Qatar-Poland Business Council, the Qatar Financial Center, the Qatar Free Zones Authority
Business
Companies in UAE should invest in technology to stay ahead of digital curve: Microsoft Hololens chief
With the current global circumstances accelerating the need for immersive tools such as augmented reality and virtual reality, businesses across...
- Pace said that collaboration and investment were key to empowering businesses
- She works with a team in San Francisco, US, to address technical challenges to push the barriers and unlock solution
Business
UAE’s largest non-oil industrial company joins in-country value program
Emirates Global Aluminum (EGA), the largest industrial company in the UAE outside of oil and gas, has joined the in-country...
- Emirates Global Aluminum targets doubling its economic impact by 2040.
- ICV program is aimed at improving participation of the private sector and facilitating the diversification of GDP.
Science
US Climate Envoy John Kerry in UAE for ‘Project Prosperity’
The UAE, Jordan, and Israel have committed themselves to building renewable electricity and water desalination capacity and address the threat...
- the three signed a declaration of intent at the UAE Leadership Pavilion at Dubai Expo, which was witnessed by Dr. Sultan bin Ahmed Al Jaber
- The declaration of intent consists of two interdependent and contingent components
Economy
Dubai International Financial Centre Courts first fully digital court in emirate
The Dubai International Financial Centre (DIFC) Courts said on Monday that all its internal processes and customer-facing services were now...
- The Courts had accelerated the integration of all services into its digital infrastructure following the launch of Dubai Paperless Strategy in 2018.
- In May 2021, the DIFC Courts became Dubai’s first fully paperless entity by acquiring the qualified electronic seal solution Ethaq.
Business
Maaden of KSA sets up a fertilizer terminal in Africa
Saudi Arabian Mining Co., has established a fertilizer terminal in the African state of Malawi through its subsidiary, the Meridian...
- The state-of-the-art terminal has an annual bagging capacity of 10 million, and a total production capacity of 360,000 MT per year
- The terminal will make available a steady supply of fertilizer to over five million small-hold farmers in Malawi and Zambia
ROSHN group opens sale for SEDRA phase 3 units in Riyadh
RIYADH, SAUDI ARABIA - ROSHN Group, one of the Public Investment Fund (PIF) subsidiaries, announced on Sunday the opening of...
Business
Company News
Flyadeal adds A320neo to fleet
Business
Latest News
GIS, DIH mull merger
Business
UAE, Egypt discuss cooperation in defense industries
A high-level UAE delegation, on a visit to Egypt, met with senior officials of the Egyptian Ministry of Defense.
Geostrategy
Nykaa enters into a strategic alliance with Middle East-based Apparel group
Nykaa will leverage the Apparel Group’s robust retail infrastructure network and deep market relationships to build distinctive GCC focused beauty...
Business
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Economy
Jordan and Iraq set up electrical project on the border
The two prime ministers affirmed that Jordan and Iraq maintain historical and strategic ties and are committed to expanding bilateral...
- Prime Minister of Jordan Bisher Khasawneh and his Iraqi counterpart, Mustafa Kazemi laid the cornerstone for the electrical interconnection project
- Khasawneh stressed that Jordan's leadership, government, and people are committed to supporting the security of Iraq and improving the country's stability, prosperity, and progress
Market Report
ADX adds 5 single stock futures
The move will help develop ADX derivatives market.
- The addition of new contracts has doubled the total number of derivative products on ADX to 10 in less than a year.
- Market participants will be able to trade on leverage and hedge their equity exposure using these contracts.
Business
TAQA to sell Netherlands business
TAQA Energy will sell upstream oil and gas business to Waldorf.
- The financial terms of the deal were not disclosed. TAQA said the sale was made following its 5 July 2022 announcement that it had completed a review of oil and gas business.
- On September 23, TAQA and ADNOC announced the financial closing of their $3.8 billion project to power and decarbonize ADNOC's offshore production operations.