Real estate transactions in Ajman totaled US$408m in August
AJMAN, UAE – Real estate transactions in August achieved a growth of 61.5 percent compared to the same period in...
Business
Transfer of Iran’s unfrozen foreign assets to Qatari banks soon
TEHRAN, IRAN – The foreign minister of Qatar said the procedures for the transfer of Iran’s unfrozen foreign assets to...
Geostrategy
Infographics
Mena students in US are a changing demographic
The factors that draw students to the US include the learning environment, a global perspective, and better employment prospects.
- Students from the Middle East and North Africa region going to the United States for education at various levels for years now
- However, their numbers have changed over time, due to various reasons and at different times
Business
Central Bank of Kuwait conducts another round of Shariah auditor program
The Central Bank of Kuwait (CBK) has launched the fourth round of the Certified Shariah Auditor program to strengthen the...
- Around 100 certified auditors have graduated in the past sessions of the program.
- CBK had issued instructions regarding Shariah Supervisory Governance in Kuwaiti Islamic Banks in 2016.
Business
ENOC of UAE to market lubricants for Egypt in a three-year deal
United Arab Emirates’ National Oil Company (ENOC) has signed a three-year agreement with Royal Marine Services in Egypt to distribute...
- ENOC Misr, a joint venture between Proserv Egypt Group and ENOC, will be handling the local marine market, while Royal Marine services will manage the International marine market
- ENOC supplies lubricants that are used in a wide range of marine vessels, including heavy duty diesel engines
Business
Iran and Azerbaijan to sign business deals in energy sector
Iran and Azerbaijan will sign agreements for cooperation in various energy sectors soon, according to Iranian Oil Minister Javad Oji.
- Oji made the announcement after a meeting with Azerbaijan’s Deputy Prime Minister and Minister of Economic Development Shahin Mustafayev in Tehran
- The development of oil and gas fields in the Caspian Sea was another subject discussed during the meeting with the Azerbaijani delegation
Business
Saudia named best brand of 2021 in the kingdom for development of services
Saudi Airlines (Saudia) has been ranked as the best brand of the year 2021 in the kingdom, rising from eighth...
- The list of the best brands in 2021 in the kingdom by marketing research company YouGov includes many major international companies.
- Saudia improved its ranking this year from eighth place three years ago.
Economy
El Salvador to build ‘Bitcoin City’ at the base of a volcano
The city will be built near the Conchagua volcano to harness geothermal energy to power the city and Bitcoin mining.
- The city will be built near the Conchagua volcano to harness geothermal energy to power the city and Bitcoin mining
- Land and infrastructure will be provided by the government, as well as efforts to attract investors
Economy
Jordanian tourism income up 61.2% in first ten months of 2021
On a monthly level, the tourism revenues during October of 2021 rose by $302 million, reaching $352 million, compared with...
- The data showed that the growth in revenue was mainly driven by a 59.7 percent rise in the number of tourists
- Non-resident Jordanians accounted for 44.6 percent of the total tourism income. followed by Arab countries (excluding Gulf countries) with 27 percent
Economy
UAE commits to lead disruptive growth of key industrial sectors at GMIS2021
GMIS2021 will convene over 45 UAE policymakers and industry leaders, alongside over 250 international speakers, to engage in 70 sessions...
- The summit will convene over 45 UAE policymakers and industry leaders, alongside over 250 international speakers, to engage in 70 sessions from November 22-27.
- The discussions at the summit will explore how data and connectivity are becoming the leading factors
Business
VentureSouq launches FinTech Fund
The fund invests in early stage FinTech and SaaS companies.
- The $50 million VentureSouq fund invests in early-stage FinTech and SaaS companies and focuses on key subsectors including payments infrastructure
- Established in 2016, VentureSouq has operations in the UAE, Egypt and Saudi Arabia and has invested in over 200 companies worldwide
Economy
France wants ‘new economic cooperation’ with UAE: French minister
Le Maire said that that the two countries will launch projects in renewable energy and hydrogen besides fighting climate change.
- Le Maire is on a two-day visit to the UAE to hold several high profile bilateral meetings with UAE officials
- The minister said that that the two countries will launch projects in renewable energy and hydrogen besides fighting climate change
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Real estate transactions in Ajman totaled US$408m in August
AJMAN, UAE – Real estate transactions in August achieved a growth of 61.5 percent compared to the same period in...
Business
Company News
Emaar to sell Namshi to Noon
Business
Latest News
S&P says UAE non-oil economy posts growth in September
S&P Global's latest data reveals that the UAE has recorded a strong growth in business across the non-oil economy even...
Economy
Jordan king discusses trade, regional issues in talks with Oman sultan
The two leaders focused on maintaining coordination and consultation on various issues of mutual concern, especially food security and energy.
Geostrategy
Most Read
Economy
Saudi Arabia’s non-oil economy is growing: S&P
Although the PMI in August was 57.7, the kingdom has maintained steady growth for the 25th consecutive month.
- Although the PMI in August was 57.7, the kingdom has maintained steady growth for the 25th consecutive month
- Readings above 50 indicate expansion, while readings below 50 indicate contraction, according to S&P Global
Investigation
Exclusive: ‘Cheerleaders’ hired to clap during FIFA Cup
Young Arab boys and girls from countries such as Lebanon are being flown to Qatar and paid $800 to cheer...
- Young Arab boys and girls from countries such as Lebanon are being flown to Qatar and paid $800 to cheer during the upcoming World Cup, TRENDS Investigation reveals
- Whoever had a valid passport and got three doses of Covid-19 vaccination jumped on the ‘clapping’ bandwagon, one of the clappers flying to Qatar tells TRENDS
Business
Riyadh Chamber hosts Saudi-Russian business meeting
The Riyadh Chamber hosted a meeting in which 23 Russian companies and representatives of the Saudi Arabian business sector participated.
- The meeting stressed the importance of commercial relations between Saudi Arabia and Russia.
- Businesses can benefit from investment opportunities and partnerships in the two countries.