IsDB to finance projects worth US$800m in member states
JEDDAH, SAUDI ARABIA - The Board of Executive Directors (BED) of the Islamic Development Bank (IsDB) approved to finance projects...
Geostrategy
EIH acquires stake in 9Yards Comm
The acquisition aims to broaden EIH's investment portfolio.
Business
Business
Alba seeks solar project bids
The solar farm should have a capacity of more than 5 MW.
- The last date for tender purchase is November 30
- The deadline for technical bid submission is January 31 next year
Science
Insulin out of reach for many 100 years after its discovery: WHO
The main barriers to accessing the lifesaving medicine, namely high prices, low availability of human insulin, a market dominated by...
- The main barriers to accessing the lifesaving medicine, namely high prices, low availability of human insulin, a market dominated by just a few producers, and weak health systems.
- Insulin is the “bedrock” of diabetes treatment, and WHO is working with countries and manufacturers to expand access to everyone who needs it
Business
Jordan discusses investments with the UAE
The discussions took place during a meeting on Friday, November 12, in Dubai between Jordan’s Prime Minister Bisher Khasawneh and...
- The Jordanian prime minister affirmed that his country welcomes more Emirati investments in many vital sectors
- Meanwhile, the UAE said it would look forward to promote bilateral ties with Jordan
Geostrategy
Dr Abdullah Asiri chosen member of WHO panel on novel pathogen origins
Dr Abdullah Asiri, Saudi Arabia's Deputy Minister for Preventive Health, has been chosen as one of the members of the...
- Asiri, Saudi Arabia's Deputy Minister for Preventive Health, is one of the 28 members of the Scientific Advisory Group for the Origins of Novel Pathogens.
- Lebanese Dr Nada Ghosn is another expert from the Middle East chosen as the member.
Business
Saudi Arabian Airlines the least complained about carrier in kingdom
Saudi Arabian Airlines has been the least complained about airline in the kingdom during October 21, followed by Flyadeal. For...
- The kingdom's General Authority of Civil Aviation has classified airlines based on complaints submitted to it by passengers.
- King Khalid International Airport in Riyadh the least complained about airport in above 6-million-passenger category.
Business
Saudi stock market larger than kingdom’s economy: CMA head
The Saudi stock market is now larger than the Kingdom's entire economy — even without taking Aramco into consideration, the...
- With Aramco added, Tadawul's size is four times that of the economy
- He argued the great momentum of a large number of companies for direct listing is because the Kingdom was the first to apply the direct listing mechanism in the GCC region
Business
Emirates to display four-class A380 at Dubai Airshow
Emirates will put on a display at Dubai Airshow 2021 four-class configured A380 with premium economy class cabin, refreshed interiors...
- Emirates' latest generation Airbus A380 will be decorated with the unique 'United Arab Emirates 50' livery
- This year, all eyes will be on Dubai as the industry bounces back with global aviation and aerospace players reconvening in person to forge new partnerships
Arts & Culture
UNESCO honors Omani navigator Amhed Bin Majid
Omani sailor Ahmed bin Majid has been added to the list of world’s influential personalities on his 600th birth anniversary...
- UNESCO Lists Omani navigator Ahmed Bin Majid among influential world personalities
- The sailor is the sixth Omani figure to be included in this international list
Business
Kuwait Airways signs spare parts pact with seven Arab airlines
Kuwait Airways has signed a loan and exchange agreement with seven Arab airlines that will be used to swap spare...
- Under the agreement, spare parts will be shared in emergency cases.
- The agreement was signed on the sidelines of the 54th General Assembly of the Arab Air Transport Association in Doha.
Business
Kuwait’s budget deficit spikes 175 percent to $35.5bn
Budget deficit of Kuwait has spiraled 175 percent to $35.5 billion in 2020-2021, the highest in the country’s history.
- In June, the Kuwaiti parliament approved the 2021-2022 budget proposed by the government in January, which forecast spending of 23.05 billion dinars
- The Ministry said that oil revenues fell 42.8 percent in 2020-21 to 8.8 billion dinars, while other revenues fell 6.5 percent to 1.7 billion dinars
Most Read
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
IsDB to finance projects worth US$800m in member states
JEDDAH, SAUDI ARABIA - The Board of Executive Directors (BED) of the Islamic Development Bank (IsDB) approved to finance projects...
Geostrategy
Company News
Latest News
BHP posts 40% jump in profit
Business
Mawani, Tabadul to develop port community management systems
Riyadh, Saudi Arabia---Saudi Ports Authority (Mawani) and the Saudi Information Exchange Company (Tabadul) signed an MoU to develop new port...
Business
UAE-China ties successful model of international relations: Al Dhaheri
Beijing, China---Ali Obaid Al Dhaheri, UAE Ambassador to China, has said the UAE and China maintain close strategic relations, which...
Geostrategy
Arab Parliament reelects Al-Asoumi as speaker for two years
During the session, Jordanian MP Khalil Attia was elected as second deputy speaker of the parliament, Iraqi MP Shaalan Abdul-Jabbar...
Geostrategy
Most Read
Economy
Dubai Metaverse Assembly takes delegates to Mars
Participants were taken on an immersive space journey to a detailed metaverse city on the Red Planet.
- Participants were taken on an immersive space journey to a detailed metaverse city on the Red Planet
- Senior executives from major corporations also discussed topics such as the relationship between the metaverse and gaming, retail, banking, and venture capital
Economy
Jordan government reduces fuel prices for October
The price of 90-octane gasoline and 95-octane gasoline will decrease by 60 fils in October.
- The price of 90-octane gasoline and 95-octane gasoline will decrease by 60 fils in October
- The price of one litre of diesel and kerosene will sell at JD0.825 in October, instead of JD0.790
Economy
Saudi Arabia hopes to post budget surplus of US$24bn
Saudi Arabia is expecting to record an increase in its budget surplus in 2022 to S24 billion, according to the...
- According to the ministry of finance, Saudi total revenues are expected to reach about $299 billion in 2023, while reaching about $323 billion in 2025
- The minister said the objectives of the general budget for the fiscal year 2023 come as a continuation of the process of work to strengthen the financial position of the kingdom