Algerian, South African ministers discuss ways to boost economic cooperation
JOHANNESBURG, SOUTH AFRICA - Algerian Minister of Finance Laaziz Faid discussed with South African Finance Minister Enoch Godongwan, ways to...
Geostrategy
Dubai International Chamber event explores trade ties China’s Wuxi
Dubai, UAE - Dubai International Chamber hosted a B2B event during the Wuxi – Dubai Economic & Trade Exchange Conference...
Business
Business
Workshop kicks off at MIT under Monshaat supervision
The first workshop of the Regional Entrepreneurship Acceleration Program kicked off today at the Massachusetts Institute of Technology (MIT), under...
- A team representing different sectors interested in developing an innovative entrepreneurship ecosystem in the Eastern Province is participating in the workshop
- The workshop aims to assess and analyze the ecosystem in the Eastern Province using available data and statistics
Arts & Culture
UAE well-being indicator has achieved progress, says minister
Hessa bint Essa Buhumaid, Minister of Community Development and Chairwoman of Digital Wellbeing Council, said that the UAE well-being indicator...
- The announcement was made when Buhumaid chaired the virtual Second Wellbeing Council Meeting with the participation of members of the well-being council
- The Wellbeing Council is a platform to promote coordination and government integration
Economy
Jadwa says Saudi fiscal budget deficit might contract this year
Saudi Arabia might see a contraction in fiscal budget deficit this year, according to Riyadh-based Jadwa Investment.
- The Kingdom's income from VAT contributed 70 percent of non-oil revenues during the third quarter of 2021
- "With Brent oil prices currently trading above $80 per barrel, there is a strong possibility that full year 2021 government oil revenue could surpass our current estimate of SR528
Business
PIF of Saudi Arabia looks to invest in China
Public Investment Fund of Saudi Arabia is looking to diversify investments into Chinese companies after having confined its overseas holdings...
- The PIF has applied for a Qualified Foreign Institutional Investor license in China, to be able to directly trade renminbi-denominated stocks
- The $450 billion sovereign fund, which hasn’t disclosed any investments in China, has ambitions to control $2 trillion of assets
Geostrategy
Erdogan holds closed-door meeting with Libyan PM
Turkey’s president Recep Tayyip Erdogan and Libya's prime minister Abdul Hamid Dbeibeh had a one-on-one closed-door meeting at the Vahdettin...
- The leaders later attended a meeting between the countries' delegations
- Turkey and the North African country have seen closer ties in recent years, especially after the signing of security and maritime boundary pacts in November 2019
Business
Dubai to merge economy and tourism departments
Dubai intends to merge the departments of economy and tourism in order to attract some 25 million tourists by 2025...
- The new entity will be asked to increase the added value of the industrial sector
- Al Marri has been Director General of the Dubai Department of Tourism and Commerce Marketing (DTCM) since 2013
Business
Dubai sets up two new courts for securities disputes
Dubai Courts has established two new courts in the Commercial Court in order to speed up settlement of securities-related disputes....
- The new entities were created as per the directives of Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai
- The new courts will focus on dispute resolution in securities, shares, bonds, and other such financial instruments
Arts & Culture
40th Sharjah International Book Fair is now world’s largest
Held under the theme 'There's always a right book', SIBF has been leading international efforts to enable the publishing industry...
- Held under the theme 'There's always a right book', SIBF has been leading international efforts to enable the publishing industry chart its post-pandemic recovery
- The 2021 edition of the cultural extravaganza, which runs from November 3 – 13, has Spain as a Guest of Honour
Economy
Moody’s revises Saudi Arabia’s outlook to stable
The agency predicted the Saudi economy will return to positive growth in 2021, and the current account level will return...
- A stable outlook suggests the financial position and net external assets of the Kingdom remain strong enough to support credit rating
- Moody’s also praised the kingdom's fiscal policies as evidenced by policy responses in periods of both low and high oil prices
Arts & Culture
Saudi Arabia hosting world’s largest camel festival from Dec 1
The festival, set up on an area of 32 square kilometers and located nearly 100 km north-east of Riyadh, will...
- The festival will bring together camel owners from the Gulf countries, the USA, Russia, and France
- There will be 19 categories of the competitions where all participants will be aiming for grand prizes exceeding SR250,000,000
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Algerian, South African ministers discuss ways to boost economic cooperation
JOHANNESBURG, SOUTH AFRICA - Algerian Minister of Finance Laaziz Faid discussed with South African Finance Minister Enoch Godongwan, ways to...
Geostrategy
Company News
Latest News
Saudi Electricity borrows $568m
Business
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...
Geostrategy
ADNOC Distribution to pay $349m
This is the first payment of a full-year AED2.57 billion dividend.
Business
Most Read
Business
ADQ and OIA discuss opportunities to boost Oman-UAE cooperation
Abu Dhabi, UAE--ADQ, an Abu Dhabi-based investment and holding company, discussed a range of investment opportunities with Oman Investment Authority...
- The meeting was held on the sidelines of President Sheikh Mohamed Zayed Al Nahyan's visit to Oman.
- ADQ and OIA recently entered into an AED10 billion ($2.72 billion) partnership agreement to facilitate investments between the UAE and Oman in sectors of mutual priority.
Geostrategy
UAE president, Oman sultan discuss ties, collaboration
Sheikh Mohamed discussed opportunities for building upon the growing economic ties between the UAE and Oman.
- Sheikh Mohamed discussed opportunities for building upon the growing economic ties between the UAE and Oman
- Their talks centred around the shared vision for a secure and stable region that promotes sustainable development and supports a thriving economy
Geostrategy
UAE Foreign Minister makes phone call to Israeli PM
Sheikh Abdullah bin Zayed thanked Prime Minister Lapid for the warm reception during his recent visit at the head of...
- Sheikh Abdullah bin Zayed thanked Prime Minister Lapid for the warm reception during his recent visit at the head of an official delegation to Israel
- UAE Foreign Minister commended the statement of Lapid before the UN General Assembly calling for a two-state solution to resolve Israeli-Palestinian conflict