$15m paid in compensation to passengers in 2021-22 in Saudi Arabia, says GACA
RIYADH, SAUDI ARABIA - The General Authority of Civil Aviation (GACA) said that national airlines in the Kingdom have issued...
Geostrategy
Emirates NBD Group invests in sustainability startup Erguvan
Dubai, UAE - Emirates NBD made an investment in Erguvan, a climate and financial technology venture aimed at providing financial...
Business
Business
MODON and Bin Laden Company to build industrial city
The Saudi Authority for Industrial Cities and Technology Zone (MODON), has teamed up with Mohammed Bin Laden Co. to develop...
- The city located in Bahrah, a town in Makkah province, is a step to empower the industry and increase the local economic activity in GDP terms by 65 percent
- MODON was established in 2001 to develop industrial lands with integrated services
Arts & Culture
5000 volunteers will participate in FIFA Arab Cup in Qatar
The Supreme Committee for Delivery and Legacy (SC) announced that 5,000 volunteers will participate in the 10th edition FIFA Arab...
- The volunteers will provide support hospitality, information and media services, tickets and protocol.
- Among the volunteers are the elderly and people with special needs, who are also a part of the preparation and training phase.
Geostrategy
Nokia, UNICEF and Organge Foundation to empower Morocco youth
As part of UNICEF’s UPSHIFT program, Nokia has agreed to a partnership with Orange Foundation and UNICEF to empower marginalized...
- The three will partner under UNICEF's UPSHIFT program featured as part of the World Bank's Solutions for Youth Employment.
- At least 1400 young people, in which 60 percent are likely to be girls, will receive training in teamwork, self-esteem, creativity and communication.
Videos
Economic growth of Arab countries this year
This week’s TRENDS Explainer Video highlights how economic growth looks like in the Arab countries this year as per the...
- Middle Eastern countries responded to the pandemic with swift and stringent measures to mitigate its spread and impact. However, most of them continued to face an uncertain future
- Containing the health crisis, cushioning income losses, and expanding social spending had become immediate priorities. Most of the Arab governments, however, managed it well
Business
Dubai approves 55,000 business licenses in 2021
More than 55,000 new business licenses were issued during the first ten months of 2021 by the Business Registration and...
- According to a report by the Business Registration and Licensing sector, 59% of the new business licenses issued were professional, and 41% were commercial
- Among the legal forms of the new licenses issued, the report showed that Sole Establishment companies topped the list with 38%
Business
Abdullah Al Othaim Markets CEO quits
Mohsen Saqer Hussain will serve as an advisor to the Board.
- The Board said Muwaffaq Mansour Jamal will be the delegated CEO of the company from 17 Dec.
- Hussain quit due to family circumstances that require his presence outside the kingdom.
Geostrategy
Iraq and Germany call for stopping networks of human trafficking
Iraq and Germany have said there was a need for moving quickly to stop the networks of human trafficking. Iraqi...
- Iraqi foreign minister stressed support for voluntary return of migrants stranded along Belarus-Poland border.
- The two sides also expressed keenness to strenghten means of bilateral cooperation.
Business
Tadawul looks to raise $1bn from its IPO
Tadawul is looking to raise up to $1 billion from its initial public offering (IPO), after setting the price range...
- Tadawul appointed SNB Capital as the lead manager, financial advisor, book-runner, Global Coordinator and underwriter for the initial public offering
- while J.P. Morgan Saudi Arabia, and Citigroup Saudi Arabia were appointed as financial advisors on the offering of 36 million shares of Saudi Tadawul Group Holding Co
Expo 2020 DUBAI
Saudi pavilion at Expo 2020 organizes a musical show
Saudi pavilion at Expo 2020 put on a splendid show at the Dubai Millennium Amphitheatre, the second artistic evening organized...
- The evening started by introducing the first-time visitors to the pavilion’s various sections after it achieved one million visits
- Saudi Arabia’s pavilion at the Expo 2020 Dubai recorded 1 million visits on Thursday since it opened on Oct. 1
Geostrategy
Lebanese army stops boat carrying 90 people off coast
Women and children were among the group intercepted Friday by a navy patrol off the coast of Qalamoun in northern...
- Women and children were among the group intercepted Friday by a navy patrol off the coast of Qalamoun in northern Lebanon
- The boat almost sank in bad weather but all on board were rescued and taken to the shore, says Lebanese army
Most Read
Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
$15m paid in compensation to passengers in 2021-22 in Saudi Arabia, says GACA
RIYADH, SAUDI ARABIA - The General Authority of Civil Aviation (GACA) said that national airlines in the Kingdom have issued...
Geostrategy
Company News
Latest News
QFB completes rights issue
Business
DMCC, Fresh Water Norway partner to expand water supply chain
The collaboration could see a staggering one billion litres of natural drinking water flow through Dubai every year, over a...
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.
Economy
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...
Investigation
Most Read
Business
Mawani, Globe Group to set up logistics zone at Jeddah port
Riyadh, Saudi Arabia--Saudi Arabia's General Authority of Ports (Mawani) has signed a contract with Globe Group, a marine services company,...
- The integrated logistics zone and a re-export zone in Jeddah Islamic Port will be constructed on an area of 135,000 square meters.
- Mawani said the logistics zone will enhance the port’s competitive advantage and support national companies specialized in the logistics sector.
Business
Multiply Group buys 80% of IEH
Firm aims to expand its utilities, energy investments.
- Multiply Group had recently invested US$2.7 billion in a 7.3 percent stake in the Abu Dhabi National Energy Company.
- Other investments include 100 percent ownership of PAL Cooling Holding, one of the top players in the UAE’s district cooling industry.
Business
Arada awards two contracts
Under the $123m project, nine apartment blocks will be built.
- Consisting of 740 homes in total, the buildings include the five Sokoon blocks, two new apartment blocks located close to Aljada’s museum and the two Gate buildings.
- Valued at AED377 million, the contract to build the five Sokoon apartment buildings and the two apartment blocks located next to the museum was won by Airolink Building.