Saudi Arabia launches program to document football clubs’ chants
Riyadh, Saudi Arabia - The Saudi Commission launched Wednesday "Saudi Football Trouq", a unique initiative that is dedicated to the...
Arts & Culture
Qatar launches ‘Istamer’ platform to employ retirees in private sector
DOHA, QATAR - The Ministry of Labor (MoL) launched the "Istamer" digital platform, which deals with employing Qatari retirees wishing...
Business
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
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.
Saudi Arabia launches program to document football clubs’ chants
Riyadh, Saudi Arabia - The Saudi Commission launched Wednesday "Saudi Football Trouq", a unique initiative that is dedicated to the...
Arts & Culture
Company News
Latest News
JODC posts increase in revenue
Business
Emaar to sell Namshi to Noon
Business
TAQA to sell Netherlands business
TAQA Energy will sell upstream oil and gas business to Waldorf.
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...
Business
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Business
Dubai Industrial City unveils plant to manufacture electric cars
The ceremony was attended by Dr. Majida Al Azazi, Chairman of the Board of Directors of M Glory Holding Group,...
- The new plant houses the temporary assembly line, which has a maximum production capacity of 10,000 cars per year
- The setting up of the factory, according to DIC, will enable regional manufacturers like M Glory to establish businesses and further the 'Make it in the Emirates’ initiative'
Business
Alpha Pharma signs MoU for plasma
It becomes first Saudi firm to enter plasma products' field in GCC region.
- Under the MoU, Biotest AG will provide the knowledge and technical expertise and supply plasma medicines to Saudi until Alpha Pharma becomes capable of producing them.
- Biotest AG will continue to guarantee the supply of plasma-derived products to the kingdom through the supply and distribution agreement with Cigalah Healthcare.
Business
Burjeel IPO raises $300m
VPS Healthcare Holdings will continue to own a 70 per cent stake.
- Oversubscribed 29 times, the total gross demand for the IPO was more than AED32 billion ($8.7 billion).
- Based on the Final Offer Price, Burjeel’s market capitalization upon listing is expected to be approximately AED10.4 billion.