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
Iraqi Trade Center to be launched at ACC’s headquarters in Jordan
AMMAN, JORDAN - Amman Chamber of Commerce (ACC) and the Iraqi Embassy here agreed to open Iraqi Trade Center at...
Business
Business
Sharjah Chamber and Kazakhstan to explore investment opportunities
The Sharjah Chamber of Commerce and Industry (SCCI) and Kazakhstan have discussed ways of benefiting from promising investment opportunities in...
- The chamber recently participated in the "Nur-Sultan Investment and Tourism Forum" organized by Invest in Nur-Sultan Office at Expo.
- Chamber's participation in the forum shows its keenness to explore business avenues abroad, said Abdullah Sultan Al Owais, Chairman of the SCCI.
Business
Empower to buy DXB assets
The deal is valued at AED1.1 billion ($300 million).
- A mega project has been signed by cooling services provider Empower for $300 million
- As a result, Empower will own all of Dubai’s international Airport’s existing cooling assets
Economy
UAE’s ADNOC reinstates full oil supplies in Dec
It will be the first time since the oil price crash in the second quarter of last year when the...
- It will be the first time since the oil price crash in the second quarter of last year due to the COVID-19 pandemic that ADNOC has not implemented any supply cuts
- Brent crude futures gained nearly 60% since the beginning of the year to hit a near three-year high on Monday
Economy
Qatar Tourism launches ‘Experience a World Beyond’
The promotional campaign can be seen across OOH, broadcast, print and digital channels across major cities.
- The promotional campaign can be seen across OOH, broadcast, print and digital channels across major cities
- The three main characters that represent Qatar and its experiences are Shaheen, Maha, and Lulu
Economy
Qatar Ministry of Transport signs pact with Qatar Rail
Under the agreement, the Ministry of Transport will support all the measures that promote public transit demand management, including the...
- Under the agreement, the Ministry of Transport will support all the measures that promote public transit demand management, including the railways
- The agreement comes in the context of the efforts of the Ministry of Transport to provide an integrated, world-class, multimodal transit system
Economy
Saudi Ministry of Transport signs MoUs with its Omani Counterpart
The signing ceremony was attended by the Minister of Transport and Logistic Services Eng. Saleh bin Nasser Al-Jasser and his...
- The signing ceremony was attended by the Minister of Transport and Logistic Services Eng. Saleh bin Nasser Al-Jasser and his Omani counterpart Eng. Saeed Al-Maawali
- The MoU is geared to benefit from the unique geographical location of the two countries and achieve the objectives of the national strategy for transport and services
Business
Jazeera Airways posts $39m profit
The airline registered a net profit of KD 11.8 million in the Q3.
- Number of passengers flown in Q3 increased by 361.8% to 302.9 thousand
- Jazeera chairman says that there will be growth in the network in near future
Arts & Culture
Saudi Arabia will launch world’s first ‘flying museum’
The Sky Museum will see a flight from Riyadh to Al-Ula, displaying ancient history on the first human civilization in...
- Saudi Arabia is to launch first flying museum, where archaeological pieces will be showcased which were discovered in Al-Ula
- Passengers will be able to watch Discovery Channel documentary The Architects of Ancient Arabia during the journey
Business
DFM to list 10 new firms
Dubai aims to increase its market volume to AED3trn.
- The Dubai Financial Market has listed 10 government and state-owned companies
- The announcements came during the first meeting of the Securities and Exchange Higher Committee
JNTO opens its first office in Dubai in bid to draw more GCC tourists
Japan aims to attract 60 million visitors annually by 2030 and it is looking to draw a large number of...
- Japan aims to attract 60 million visitors annually by 2030 and it is looking to draw a large number of them from the Middle East
- As many as 28222 tourists visited Japan from the GCC in 2019, marking an increase of 28 percent from last year
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
Company News
Julphar Q2 sales $114m
Business
Latest News
ADNOC Distribution to pay $349m
This is the first payment of a full-year AED2.57 billion dividend.
Business
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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
Business
Saudi Arabia urges cooperation in tourism for sustainable future
Riyadh, Saudi Arabia - Saudi Minister of Tourism Ahmed bin Aqeel Al-Khatib said more cooperation is a must for sustainable...
- Saudi Minister of Tourism Ahmed bin Aqeel Al-Khatib said the cooperation includes facing the issues spawned by Covid pandemic.
- Al-Khatib said the tourism sector is “more capable of providing wealth and opportunities in places where they are most needed.”