Geostrategy
Royal Saudi Land Forces take part in Gulf Shooting 2021 drill
The commander of the drill, Colonel Nayef bin Al-Humaidi, said that this drill comes with the aim of strengthening military...
- The commander of the drill, Colonel Nayef bin Al-Humaidi, said that this drill comes with the aim of strengthening military relations
- It will also cover procedures for commanding forces and responding quickly to emergency situations for joint ground operations
Business
Waha Capital reports AED 297mn profit
Net profit for the third quarter stood at AED 32 million.
- The company also maintained an efficient operating model, with a cost to income ratio of 24.5 percent for the trailing twelve months
- The Private Investments business produced a net income of AED 1 million, with the global pandemic and market volatility impacting certain sectors within the portfolio
Business
Colombia starts business forum at Expo 2020
The Matchmaking Forum is one of the most important commercial initiatives of ProColombia, which is being organized at Expo 2020...
- The Matchmaking Forum is being hosted by ProColombia from November 7 to 11
- This event is expected to help companies and investors explore business partnerships
Business
Dubai arbitration center board gets ruler nod
Sheikh Mohammed bin Rashid Al Maktoum has directed the Board of Directors of DIAC to establish Dubai as a leading...
- Dubai ruler Sheikh Mohammed in September ordered the formation of the DIAC
- It saw the merger of the Emirates Maritime Arbitration Center and the Dubai International Financial Center Arbitration Institute
Economy
Abu Dhabi Chamber discusses partnerships with Azerbaijan official
Two sides discussed the prospects of boosting trade exchange and the flow of goods between the two countries.
- Two sides discussed the prospects of boosting trade exchange and the flow of goods between the two countries
- The countries will explore opportunities, especially in artificial intelligence, e-trade and food security as well as the fourth industrial revolution
Infographics
Here’s how much Lebanon depends on GCC
The economy of Lebanon is in crisis. Here’s a look at which countries it depends on for trade and aid,...
- Lebanon has been asking its neighbors in general and GCC countries in particular for help to bail it out of this economic crisis
- It has already received assurance of electricity supply from Jordan via infrastructure in Syria
Business
UAE enters into cooperation with Indonesian sovereign fund
The United Arab Emirates and Indonesia’s State Wealth Fund has signed a new agreement to allow funds from the former...
- The investment framework agreement was signed with the Abu Dhabi Growth Fund
- It made a $10-billion investment in the Indonesian sovereign wealth fund in March, according to a statement on Saturday by the Indonesian Investment Authority
Business
MEASA’s biggest food processing and packaging show opens in Dubai
Gulfood Manufacturing, the largest food and beverage processing and packaging show for the Middle East, Africa, and South Asia (MEASA),...
- The event will run for three days and address the sector’s sustainable packaging, automation, and F&B supply chain issues.
- UAE’s trade in food commodities contributed more than seven percent of the country's GDP for 2020.
Business
Abdulmohsen Alhokair of KSA reports 17.8% jump in net losses
Abdulmohsen Alhokair, the Saudi entertainment group, has reported an increase in net losses by 17.8 percent during the first 9...
- Net losses increased to SR123.87 million in the first 9 months of 2021 from SR105.15 million during the same period of the last year
- The group’s net profit for the third quarter in 2021 has increased by 106 percent
Business
Bahrain eyes 14m tourists a year by 2026
Under the new 2022-2026 tourism strategy, the country also aims at an average daily visitor spend of 74.8 Bahraini dinars...
- The kingdom also aims at 11.4 percent of GDP to come from the tourism sector by 2026.
- Developing marine attractions, business tourism, sports tourism, recreational tourism and medical tourism among targets.
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
Company News
NADEC records $11m profit
Business
Emaar H1 revenue 3.69 billion
Business
Tadawul posts 23% fall in profit
Business
Latest News
Dubai Opera all set to celebrate its sixth anniversary
Arts & Culture
Saudi Crown Prince meets minister of defense, commanders
Prince Mohammed bin Salman bin Abdulaziz expressed his appreciation for the progress achieved in the implementation of the ministry's development...
UAE economy achieves pre-pandemic level growth: WB regional director
Abousleiman said the UAE led the world with a successful vaccination programme in 2021, as well as its monetary and...
Economy
UAE, Japan sign comprehensive strategic partnership pact
Minister of Industry and Advanced Technology and UAE Special Envoy to Japan Dr. Sultan bin Ahmed Al Jaber and the...
Geostrategy
Most Read
Science
Jordan, Germany discuss scientific research, ties in water sector
Jordan's The Royal Scientific Society (RSS) and the Princess Sumaya University for Technology (PSUT) discussed with the German Research Foundation...
- A German Research Foundation (DFG) delegation visits Jordan and discusses scientific and research ties in the water sector.
- The delegation included 22 researchers, professors and representatives from the German Academic Exchange Service (DAAD).
Business
CMA clears three new IPOs for listings on Saudi bourses
The CMA has approved an application from Power and Water Utility Co. for Jubail and Yanbu to register and sell...
- IPOs in Saudi Arabia are on course for a record year, with the number of listings already exceeding last year
- The main TASI index accounted for eight listings generating $4.4 billion, and the parallel Nomu market had nine listings worth $649 million
Geostrategy
Bahrain and Japan resolve to boost ties in various fields
The two leaders also agreed to explore opportunities that would aid the advancement of Bahrain and Japan’s strategic partnership in...
- The crown prince discussed the depth of Bahrain-Japan relations, emphasizing Bahrain’s commitment to strengthening bilateral relations between the two nations
- The two leaders discussed the latest regional and international economic developments, and issues of common interest