Iran receives US$6.7bn foreign investment in May 2023 EXPO, says official
TEHRAN, IRAN - Foreign companies and governments committed some US$6.7 billion worth of investments during an exhibition that was held...
Economy
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
Business
Cut meat consumption to avert climate catastrophe: Report
Fossil fuels, energy and transport tend to dominate climate discussions. Governments largely ignore livestock’s contribution to climate change, terrified of...
- Fossil fuels, energy and transport tend to dominate climate discussions
- The livestock sector is responsible for 14.5% of global greenhouse gas (GHG) emissions
Business
Al Sadd releases Xavi
The Spanish legend may now return to Barcelona.
- Xavi has so far led Al Sadd to the 20-2021 QNB Starts League title, and the 2020 and 2021 HH the Amir Cup titles
- He has also coached the team to win the 2020-2021 Qatar Cup title, and the 2019 Qatar Super Cup
Economy
Bahrain plan eyes $2.5bn fresh direct investment by 2023
The primary aim of the plan is apparently to create quality jobs and enhance Bahrain’s economic competitiveness.
- The Economic Recovery Plan was initiated by the directives of King Hamad bin Isa Al Khalifa
- It has since won the approval of the cabinet, which is chaired by Crown Prince Salman bin Hamad Al Khalifa
Arts & Culture
Dubai Collection’s first physical exhibition inaugurated at Etihad Museum
"When Images Speak: Highlights from the Dubai Collection", the first physical exhibition of the Dubai Collection, was inaugurated by Sheikha...
- Sheikha Latifa thanks the Dubai Ruler for his contribution of the largest share of works for the exhibition.
- On display are 70 modern and contemporary artworks from across the region.
Business
Infath of Saudi Arabia logs $159.9m sales in October
Entrustment and Liquidation Center (Infath) of Saudi Arabia has raked in its highest ever amount in October thanks to sales...
- The organization has now raised more than $533 million since it started operations in September 2020
- Infath is planning to supervise 3 additional auctions during the first half of November 2021
Economy
Saudi economic growth in Q3 5.7 percent likely: Capital Economics
Compared to the growth of only 0.7 percent in the second quarter of this year, Saudi Arabia's economy is likely...
- Capital Economics says increases in oil production, along with a loosened fiscal policy, will only boost recovery further.
- In mid-October, the World Bank revised Saudi Arabia’s 2022 growth forecast from 3.3 percent to 4.9 percent.
Business
Three Saudi companies to offer nine million shares in IPO
Three Saudi private companies will go public, offering around nine million shares in IPOs, according to the Saudi Exchange market...
- Among them was the Riyadh-based Advanced International Company, specializing in providing technical and security solutions
- Alwasail Industrial Co., also offered 2.5 million shares
Company News
NADEC records $11m profit
Business
Latest News
Emaar H1 revenue 3.69 billion
Business
Tadawul posts 23% fall in profit
Business
Specialized sessions on Metaverse opportunities held in Dubai
As many as seven side sessions were held on the first of the two-day specialized sessions on Metaverse.
Business
‘Agri-tech, innovation key in improving farmers’ livelihoods’
UAE Minister of Climate Change and the Environment Mariam bint Mohammed Almheiri participated in the Agriculture Ministers’ Meeting in Bali...
Geostrategy
Four new Saudi fintech firms to work under legislative pilot environment
Riyadh, Saudi Arabia---The Central Bank of Saudi Arabia has authorized four new financial technology companies to work under the umbrella...
Business
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Business
First international shipment arrives at Mugharraq Port
Abu Dhabi, UAE--- AD Ports Group Thursday announced the arrival of the first international shipment at Mugharraq Port, one of...
- This is the first shipment since Mugharraq Port was recognised as an international port facility.
- International recognition was achieved after a series of major upgrades at the port.
Geostrategy
Dubai fifth globally in UN digital city governance survey 2022
Dubai ranked fifth globally and first in the Arab World in the Local Online Service Index (LOSI) 2022 issued by...
- The latest Local Online Service Index assessed digital governments in major cities across 193 countries.
- Dubai received perfect scores in Institutional Framework, Content Provision and Service Provision, earning it top ranking in these vital indicators.
Business
DMCC holds events in Miami and New York to attract US companies
Dubai, UAE--- Dubai Multi Commodities Centre (DMCC) said Thursday it has concluded Made For Trade Live events in Miami and...
- DMCC said it sees significant opportunities for growth in the UAE–US trade corridor, which was worth US$23 billion in 2021.
- The Centre home to more than a third of the approximately 1,500 US businesses in the UAE.