Russian defense minister says Moscow-Tehran ties improving despite sanctions
MOSCOW, RUSSIA – The cooperation between Moscow and Tehran is reaching new highs, Russian Defense Minister Sergey Shoigu said on...
Geostrategy
Saudi business delegation visits ZSBVC steel factory in Vietnam
HANOI, VIETNAM - A delegation of 80 Saudi businessmen, representing over 50 companies, and representatives from national specialized bodies and...
Business
Business
Yahsat of Abu Dhabi figures in MSCI’s global indices
Al Yah Satellite Communications Company (Yahsat) of Abu Dhabi has been included in MSCI’s global indices.
- Yahsat’s inclusion will be effective on December 1, 2021
- The company began trading on the Abu Dhabi Securities Exchange (ADX) in July following its initial public offering (IPO)
Geostrategy
US-Qatar talks dwell on cooperation
The fourth US-Qatar Strategic Dialogue led to both sides discussing to several economic, commercial, regional, and humanitarian issues.
- The US underlined Qatar’s commitment in providing $75 million over five years for the cause of human rights
- The US side also highlighted Qatar’s collaboration with UN agencies in the form of a $500-million assistance pledge to aid refugees
Business
Gulf Air boosts frequencies
Passenger numbers have grown ahead of the holiday season.
- Bahrain’s national carrier Gulf Air has boosted frequencies to popular destinations
- This is said to be in line with increasing demand for air travel and relaxed travel restrictions in many countries
Geostrategy
UAE and Brazil discuss ties, sign several agreements
The discussions took place between Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum and Brazil President Jair Bolsonaro at Expo...
- Sheikh Mohammed and Bolsonaro explored avenues to strengthen ties between the two countries
- They also looked at future opportunities and new strategic partnerships in a range of fields
Geostrategy
Deal but no deal: COP26 adds to climate confusion
Rich countries stand accused of failing at the COP26 summit in Glasgow to deliver much-needed finance to vulnerable states at...
- Rich countries accused of failing to deliver much-needed finance to vulnerable states at risk of drought, rising seas, fire and storms
- The European Commission said the deal has "kept the Paris targets alive".
Geostrategy
Banned Palestinian rights groups urge UN to act against Israel
After being declared as terrorist organizations, six Palestine Human Rights and Civil Society Organizations wrote letter to UN and other...
- The organizations sent letters to the UN Secretary-General AntَonioGuterres and the Human Rights Council President Nazhat Shameem Khan
- The letters said that the allegations of Israel“forms part of Israel’s strategy to maintain its apartheid regime
Business
UAE to list Salik toll system on Dubai Financial Market
The Dubai Securities and Exchange Higher Committee has decided to list Salik on Dubai Financial Market (DFM) in order to...
- The Salik toll system is one of Dubai’s premier infrastructure assets, with robust traffic volumes
- The eight Salik toll gates, Al Barsha, Al Garhoud, Al Maktoum, Al Mamzar South, Al Mamzar North, Al Safa, Airport Tunnel and Jebel Ali, aim to reduce traffic congestion
Business
Top energy honchos to meet at Abu Dhabi CEO Roundtable
More than 30 top energy executives from around the world will come together at the 7th Abu Dhabi CEO Roundtable,...
- The industry leaders have been invited to the roundtable by Dr. Sultan Ahmed Al Jaber, United Arab Emirates (UAE) Minister of Industry and Advanced Technology
- The participants will debate issues impacting the energy world and the outcome of the UN Climate Change Conference of the Parties (COP26)
Business
Emaar Properties and Emaar Malls to merge this month
Nearly eight months after the process was undertaken by the two companies, the merger of Emaar Properties with Emaar Malls...
- The two companies conveyed the decision to Dubai Financial Market on Thursday, after the companies received no objections and met all the conditions for the merger
- This will be the second biggest such merger happening on DFM in the last 12 months
Business
European Tour to become the DP World Tour from 2022
The agreement heralds a new era in the history of the European Tour group, which, along with DP World, will...
- The agreement heralds a new era in the history of the European Tour group, which, along with DP World, will celebrate its 50th anniversary in 2022
- In 2022, the DP World Tour will represent a global tour through an international schedule, that will feature a minimum of 47 tournaments in 27 different countries
Russian defense minister says Moscow-Tehran ties improving despite sanctions
MOSCOW, RUSSIA – The cooperation between Moscow and Tehran is reaching new highs, Russian Defense Minister Sergey Shoigu said on...
Geostrategy
Company News
Funding crunch cripples Lebanon film industry
Arts & Culture
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Dallah reports 52% profit rise
Business
Qassim Cement’s profit tumbles
Business
Number of visitors to Qatar rise by 138.3% in August
The highest number of visitors was from the GCC countries at 59 percent.
Economy
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Economy
Saudi Arabia holds GCC meeting to boost economic ties
Saudi Arabia hosted a meeting of the GCC Financial and Economic Cooperation Committee to broaden economic cooperation among the GCC...
- The meeting was held under the chairmanship of Minister of Finance Mohammed bin Abdullah Al-Jadaan
- It reviewed a host of issues related to enhancing financial and economic cooperation among the GCC countries besides discussing the impact of the world economic crisis
Economy
IMF likely to open regional office in Saudi Arabia
IMF expects the Kingdom to become one of the world's fastest-growing economies, recording a growth of 7.6% this year
- IMF expects the Kingdom to become one of the world's fastest-growing economies, recording a growth of 7.6% this year
- Credit rating agency S&P has already affirmed Saudi Arabia’s rating at “A-/A-2” with a positive outlook citing higher oil revenues
Business
UAE and Italy to widen trade and economic ties
The UAE and Italy are looking to widen trade ties between the two countries, and in this regard an Italian...
- The talks touched on the customs services and facilities that Dubai Customs provides to facilitate trade
- The meeting is part of Ertibat Initiative, which seeks to develop relations with foreign diplomatic missions and business sectors