Diverse business models needed for trade with China, say Union of Arab Chambers
BEIRUT, LEBANON – The secretary general of the Union of Arab Chambers has called for diversified business models to facilitate...
Geostrategy
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
Business
Non-Saudis can now invest in real estate funds in two holy cities
The Capital Market Authority (CMA) of Saudi Arabia allowed the financial market institutions to accept the subscriptions of non-Saudis in...
- The ownership system for non-Saudis in the Kingdom stipulates that non-Saudis are allowed to own real estate for their own residence
- It can happen after obtaining a license from the Ministry of Interior, and for foreign representations to own their official headquarters
Business
Etihad Rail completes construction of UAE network’s first marine bridge
Etihad Rail has completed the construction of a rail bridge connecting Khalifa Port with the UAE National Rail Network. The...
- The bridge will play an important role in improving the transportation of goods in the region.
- Etihad Rail recently completed construction works for Package A of Stage Two, which extends over 139 km.
Business
Investcorp builds €1bn European real estate portfolio
Since launching its European real estate business in 2017, Investcorp has invested close to €1 billion into 80 properties across...
- Since launching its European realty business in 2017, Investcorp has invested €1 billion into 80 properties across the UK, Germany, The Netherlands, and Belgium
- The recent industrial acquisitions comprise three multi-let and seven single-let industrial properties located in Bedford, Warrington, Stone, Gateshead, Stockton-on-Tees, etc
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
Diverse business models needed for trade with China, say Union of Arab Chambers
BEIRUT, LEBANON – The secretary general of the Union of Arab Chambers has called for diversified business models to facilitate...
Geostrategy
Company News
Solutions by stc to buy Giza
Business
Latest News
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...
Business
Large turnout of visitors at WETEX, Dubai Solar Show
The Water, Energy, Technology and Environment Exhibition (WETEX) and Dubai Solar Show (DSS) saw a large turnout of visitors in...
Business
Qatar launches Tatween platform for job localization in private sector
Qatar has launched a forum, Tatween Platform, on job localization in the private sector, with the participation of representatives of...
Business
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Business
Qatar hopes to make US$17bn in profit from World Cup
The 2022 World Cup may prove to be a big windfall for Qatar as it hopes to make some $17...
- The CEO said that between 3 and 4 billion people around the world will watch the Qatar World Cup 2022
- He said that Qatar is expecting nearly one million people, including 12,000 from the media, during the World Cup
Economy
IsDB, Jordan sign two pacts to support food security, tourism sector
Jordanian Prime Minister Bisher Al-Khasawneh commended the continuous support of IsDB for economic projects in Jordan including help in the...
- Jordanian Prime Minister Bisher Al-Khasawneh commended the continuous support of IsDB for economic projects in Jordan including help in the modernization of the public sector
- President of the IsDB Group, Dr. Mohammad Sulaiman Al-Jasser affirmed the IsDB's interest in continuing to support and implement development and service projects in Jordan
Economy
Saudi Arabia, China explore trade, investments opportunities
The two sides reviewed the growth of bilateral trade, and the volume of the commercial partnership.
- The two sides reviewed the growth of bilateral trade, and the volume of the commercial partnership
- Saudi Arabia's exports to China, in the second quarter of 2022, amounted to about $16.8 billion