Israel accounts for 46 percent of global Jewish population
TEL AVIV, ISRAEL – The total global Jewish population rose to 15.7 million over the last year, while the number...
Geostrategy
Diverse business models needed for trade with China, say Union of Arab Chambers
BEIRUT, LEBANON – The secretary general of the Union of Arab Chambers has called for diversified business models to facilitate...
Geostrategy
Geostrategy
Iraq seeks economic bloc with Turkey, Iran; ease in entry visa procedures
A regional economic bloc must be formed and includes Iraq, Turkey and Iran to become a regional power that allows...
- The Iraqi delegation highlights investment opportunities in the fields of agriculture and health
- Baghdad also invites Turkish companies to invest in Iraq and address the water problem in the country
Geostrategy
Iraq adopts comprehensive counter-terrorism strategy
Iraq has attributed 'the victory over terrorism' to a comprehensive national strategy that it has adopted to deal with violent...
- Iraqi foreign minister Fouad Hussein said the victory over terrorism has led the Iraqi government in its various institutions to move towards the reconstruction of liberated cities
- "The victory over terrorism has provided us with the transition to important objectives at the internal, regional and international levels"
Business
UAE shares its proposals with IMO for strategic reforms
The United Arab Emirates has given three proposals to the International Maritime Organization (IMO), supporting the reforms undertaken by IMO...
- The reforms were introduced during the meetings of the IMO Council, where the UAE has a Category (B) membership
- Through this move, the country hopes to keep pace with global changes and technological developments
Business
Emirates Post and ENOC team up to boost delivery services
Emirates Post and ENOC Group have partnered to improve delivery services in logistics and e-commerce field in the UAE.
- Both Emirates Post customers and business partners can benefit from this new partnership
- The agreement offers a flexible way for customers to pick-up or drop-off their courier packages by choosing the ZOOM store that is accessible and convenient to them
Business
HAYVN, a digital currency firm, closes Series A funding
HAYVN, the Abu Dhabi-based digital currency platform, has closed Series A funding round led by Red Acre Ventures and Hilbert...
- As part of the transaction, Red Acre Ventures has joined the HAYVN Board of Directors
- The UAE is poised to be a global hub for the emerging asset class that is digital currency
Economy
Jordan, IMF reach staff-level pact on 3rd review under EFF
The agreement was concluded with an IMF team led by S. Ali Abbas, during a virtual discussion on the third...
- The agreement was concluded with an IMF team led by S. Ali Abbas, during a virtual discussion on the third review of the economic reform programme
- The Jordanian finance minister Al-Ississ stressed that the main issue for the government is to reduce unemployment rates and create job opportunities
Business
Two Abu Dhabi firms partner to adopt energy-saving technology
Abu Dhabi Health Services Company (SEHA) and Abu Dhabi Energy Services (ADES) have begun the first phase of their Energy...
- As part of the agreement, which was originally signed in September, ADES will implement key energy-saving technologies in several of SEHA’s facilities to enhance sustainability
- The strategic collaboration will mark SEHA’s commitment towards the adoption of energy-efficient modifications for its facilities
Business
UAE ministry signs pact with ADDED and ADNOC to promote Emirati products
The Ministry of Industry and Advanced Technology (MoIAT) and Abu Dhabi’s Department of Economic Development (ADDED) will work on proposing...
- MoU part of a program aimed at redirecting above 42 percent of public-sector and select private-sector expenses towards local suppliers.
- The pact is in line with the objectives of the National Strategy for Industry and Advanced Technology, Operation 300bn.
Business
SIDF and Al Rajhi team up to boost industries growth
The Saudi Industrial Development Fund (SIDF) has teamed up with Al Rajhi Bank to provide a documentary credit service.
- The documentary credit service enables investors to obtain the necessary liquidity to implement projects and to speed up project implementation procedures
- The fund aims at stimulating the growth of national industries through the partnership with the private sector
Geostrategy
Hundreds of migrants try to cross EU border despite easing of crisis
Polish border guards said there were attempted crossings by two groups on what is the eastern border of the European...
- Belarus said Thursday that there were a total of around 7,000 migrants in the ex-Soviet country.
- Hundreds of Iraqis who had failed to cross into the EU from Belarus returned home on Thursday.
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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
Israel accounts for 46 percent of global Jewish population
TEL AVIV, ISRAEL – The total global Jewish population rose to 15.7 million over the last year, while the number...
Geostrategy
Company News
QFB completes rights issue
Business
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GMC, Fix Network sign agreement
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SRC, Riyad Bank sign $133m deal
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.
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,...
Business
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Business
Anaam to raise US$42m
The capital will be raised through a rights issue.
- According to a bourse filing, the capital increase is aimed at boosting the working capital, lowering the loan rates, and supporting the business growth of the company
- The capital hike is subject to the approval of the relevant official authorities and the company’s shareholders
Economy
Saudi Arabia, China sign agreement on air transport
The agreement was signed between the President of the Civil Aviation Authority of Saudi Arabia Abdulaziz bin Abdullah Al-Dialej and...
- The pact was signed between the Saudi Arabia’s President of the Civil Aviation Authority Saudi Arabia Abdulaziz bin Abdullah Al-Dialej and his Chinese counterpart
- It aims at increasing the number of air flights and stations and achieving further cooperation in the air transport sectors of the two countries.
Business
PIF’s green bonds to shore up market, says LSE official
The fund has hired a large group of banks including Citi and JPMorgan to arrange a debut issuance of multi-tranche...
- According to Shrey Kohli, the PIF targets those sectors for investment that are in line with the framework of green bonds and the fund offers complete transparency to investors
- The fund currently manages assets of over $600 billion