China grants Approved Destination Status to Saudi Arabia
RIYADH, SAUDI ARABIA – China on Tuesday granted Approved Destination Status (ADS) to the Gulf Kingdom. The bilateral agreement, signed...
Geostrategy
ADNOC, TAQA complete financial closing on sustainable water supply project
ABU DHABI, UAE - ADNOC and Abu Dhabi National Energy Company (TAQA) have completed the financial closing of their $2.2...
Business
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
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
China grants Approved Destination Status to Saudi Arabia
RIYADH, SAUDI ARABIA – China on Tuesday granted Approved Destination Status (ADS) to the Gulf Kingdom. The bilateral agreement, signed...
Geostrategy
Company News
JODC posts increase in revenue
Business
Emaar to sell Namshi to Noon
Business
Latest News
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.
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,...
Business
Alpha Pharma signs MoU for plasma
It becomes first Saudi firm to enter plasma products' field in GCC region.
Business
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Economy
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...
- August had recorded a slightly higher PMI of 56.7, but S&P considers any readings above 50 as growth while those below 50 are marked as contraction
- S&P noted that firms also encountered relatively mild price pressures, as input costs rose only slightly after a renewed fall in August
Geostrategy
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.
- The two leaders focused on maintaining coordination and consultation on various issues of mutual concern, especially food security and energy
- King Abdullah expressed appreciation for Oman’s position and continuous efforts to bolster security and stability in the region
Business
SEIC strikes US$150m deal
The PIF-backed firm buys 34% stake in an Egyptian firm.
- SEIC’s acquisition was made via the purchase of a minority stake from African Development Partners II, a fund advised by Development Partners International
- B.TECH is 34 percent owned by DPI, while the remaining 66 percent belongs to BT Holding which is owned by the Khattab family that founded the company