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
Arab countries account for 60 percent of global Islamic financial industry, says AMF
ABU DHABI, UAE – Director-General and Chairman of the Board of Directors of the Arab Monetary Fund Dr Abdul Rahman...
Business
Business
600,000 fish fingerlings delivered to UAE aquaculture companies
A total of 600,000 fish fingerlings have been delivered to several aquaculture companies in the UAE, including Emirates National Fish...
- Sheikh Khalifa Marine Research Centre, which underwent a renovation, delivered the fingerlings.
- The Centre’s hatchery has the capacity to produce 30m fingerlings per year, said Mariam bint Mohammed Almheiri, Minister of Climate Change.
Business
Nuqtah of Saudi Arabia closes pre-seed funding run
Nuqtah, Saudi Arabia’s first non-fungible token marketplace, has closed its pre-seed funding run, but it has not revealed how much...
- The company which was founded this year enables artists to register and trace their work, and serves as a global platform for buyers
- The global NFT market value has seen substantial growth in the past 12 months, rising to $2 billion in the first quarter of 2021
Business
DAFZA and Export Bahrain to collaborate for business
Dubai Airport Freezone Authority (DAFZA) has signed a strategic cooperation agreement with Export Bahrain, establishing frameworks for technical collaboration.
- The agreement grants Export Bahrain access to the global companies that set up headquarters in Dubai Airport Freezone
- In addition, the two sides will cooperate to organize activities, workshops, seminars, and conferences to support establishing relations between companies
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
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
Company News
GIS, DIH mull merger
Business
Latest News
Jordan’s first medical university set to enroll students
The Aqaba Medical Sciences University (AMSU), the first medical university in Jordan, will enroll its first class of medical and...
Business
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...
Economy
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Business
Mubadala Health, G42 to form new firm
Both companies will merge their healthcare businesses.
- Hasan Jasem Al Nowais has been appointed CEO of the new entity and will continue to lead Mubadala Health.
- The new entity will also focus on collaboration with leading researchers and pharmaceutical and health-tech ecosystems.
Business
UK in talks with Qatar and Norway to import energy
Amid crippling energy shortages, the British government is negotiating with Qatar and Norway to secure new long-term gas contract, according...
- Senior civil servants are more hesitant, with figures in the Treasury warning that Britain would be stuck with higher prices if the cost of gas more generally dips after the hike
- Truss told Sky News that no agreement had been signed as it stands, but that she was committed to providing long-term energy security for the UK
Business
Investopia partners discuss investment opportunities in ME region
The discussions took place during a business session held in collaboration with Abu Dhabi Department of Economic Development.
- The discussions took place during a business session held in collaboration with Abu Dhabi Department of Economic Development
- The global investment platform also announced its next annual conference on 1 and 2 March 2023 in Abu Dhabi