Transfer of Iran’s unfrozen foreign assets to Qatari banks soon
TEHRAN, IRAN – The foreign minister of Qatar said the procedures for the transfer of Iran’s unfrozen foreign assets to...
Geostrategy
Business
National Bonds ups stake in Taleem
Taleem Holdings is one of the largest education providers in the Middle East.
- National Bonds increased the stake in Taaleem, a company with paid-up capital of AED 750 million, from 19.6 percent to 23 percent.
- By end of Q3 2021, National Bond's investment portfolio has grown by more than 32 percent to surpass AED 10 billion ($2.72 billion).
Business
ADNIC nine-month profit at $90m
Its profit in the first nine months last year was $77 million.
- ADNIC’s overall premium retention ratio reached 33.5 percent for the nine months of 2021
- This was in comparison with 32.7 percent for the same period last year
Economy
UAE economy has passed recovery phase, on to growth path: Minister
According to the central bank's second-quarter review, the UAE economy is expected to grow 2,1% this year due to pandemic-mitigation...
- According to the central bank's second-quarter review, the UAE economy is expected to grow 2,1% this year due to pandemic-mitigation measures
- In 2022, the economy is predicted to grow by 4.2 percent, higher than the previous forecast of 3.8 percent
Business
39% of Sub-Saharan Africa firms lack anti-bribery controls: survey
The report surveyed risk and compliance professionals and business leaders across 47 countries in SSA.
- The report surveyed risk and compliance professionals and business leaders across 47 countries in SSA
- More than 23 percent of the organisations have fallen victim to bribery and corruption over the past five years
Geostrategy
Kuwaiti government resigns to end deadlock, dissidents pardoned
Several opposition MPs have demanded to question the premier on a variety of issues but a motion passed in March...
- Several opposition MPs have demanded to question the premier on a variety of issues but a motion passed in March had given him immunity from questioning until the end of 2022
- The feud has paralyzed legislative work and made it harder to boost state finances and enact measures like the debt law needed to tap global markets
Economy
RAK Finance Deptt signs Joint Strategic Charter with counterparts in other emirates
The charter aims to significantly enhance institutional and financial performance by setting frameworks for cooperation and boosting financial and institutional...
- The charter aims to significantly enhance institutional and financial performance by setting frameworks for cooperation and boosting financial and institutional performance
- The charter will strengthen mechanisms for monitoring trends in the development of financial performance by designing a unified scorecard to track a set of indicators and standards
Arts & Culture
Global Town festival showcases diverse cultures
The festival dispensed cultural knowledge through visual experiences and services.
- The Ethiopian Corner depicted the country’s ancient culture, the origin and distinct aroma of the Ethiopian coffee
- It also showed and how it is extracted and made, even as visitors tasted it and witnessed the making process
Economy
Dubai’s transport infrastructure projects saved AED220 billion: RTA
This was revealed by the Director-General, Chairman of the Board of Executive Directors of the Roads and Transport Authority (RTA)...
- In contrast, the total investment in the improvement of roads and transport was AED140 billion
- The UAE has been ranked No. 1 in Road Quality Worldwide for 5 years in a row
Geostrategy
Iran, Oman discuss ways to promote private sector and medical tourism
Oman and Iran have discussed ways to promote trade relations between the private sector in the two countries as well...
- The talks were held on the sidelines of the 5th International Conference on Health in Islamic Countries, in Tehran.
- Iran-Oman Virtual Expo launched in late September by the Iran-Oman Joint Chamber of Commerce 'has been well received'.
Geostrategy
Shoukry and Blinken open Egypt-US Strategic Dialogue
Egyptian Foreign Minister Sameh Shoukry and US Secretary of State Antony J. Blinken opened the U.S.-Egypt Strategic Dialogue, the first...
- The two welcomed the opportunity to deepen the strong partnership between the United States and Egypt
- Secretary Blinken also expressed appreciation for Egypt’s role in supporting regional stability, including its continued work to de-escalate tensions in Gaza
Transfer of Iran’s unfrozen foreign assets to Qatari banks soon
TEHRAN, IRAN – The foreign minister of Qatar said the procedures for the transfer of Iran’s unfrozen foreign assets to...
Geostrategy
Company News
Latest News
Jordan government reduces fuel prices for October
The price of 90-octane gasoline and 95-octane gasoline will decrease by 60 fils in October.
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...
Economy
Saudi to make US$32bn in income from recycling by 2035
Saudi Arabia is expected to generate an annual income of $32 billion from recycling waste by 2035, according to the...
Business
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Business
Emirates SkyCargo, United Cargo sign MoU
The two airlines will work on expanding cargo interline options.
- United will have access to SkyCargo’s high frequency distribution network through the belly-hold of passenger flights to over 100 global destinations and 11 freighters.
- Emirates SkyCargo will have access to over 200 cities in the US and 300 cities across five continents through United Cargo.
Science
Two-day inaugural RAK Energy Summit to begin on Oct 4
The inaugural RAK Energy Summit, to be held on October 4-5, will feature experts from the energy sector in the...
- The summit will feature experts from the energy sector in the UAE and globally.
- The experts will discuss the challenges the world faces as it moves to cut carbon emissions.
Business
Dubai real estate market performance in Aug best in decade
A total of 9,720 real estate sales worth $6.62 billion were recorded during the month, an increase of 69.57 percent...
- The top areas searched for sales in August were Dubai Marina, Downtown Dubai, Business Bay, Palm Jumeirah, Jumeirah Village Circle, and Jumeirah Lake Towers.
- Most searched areas for villa/townhouse sale were Dubai Hills Estate, Palm Jumeirah, Arabian Ranches, DAMAC Hills (Akoya by DAMAC), Mohamed bin Rashid City and Dubai Land.