Soniqs wins PUBG Global Series 2 Crown
It claimed $600,000 prize at Gamers8 - The Land of Heroes.
Business
Caspian Sea water levels hit 30-year low
Estimates reveal a 9-meter decline in Caspian Sea water levels, shrinking the area by 24 percent, as the northern half...
Geostrategy
Business
Sabic leads low-carbon plan
Sabic, WEF, and global companies will formalize the plan.
- The agreement will look to formalize the low-carbon emitting technologies or LCET initiative into a standalone entity by 2023
- As a result, LCET members will share early-stage risks and co-invest in developing and upscaling low-emission technologies
Business
ADNOC Distribution opens two stations in Sharjah
The openings support the company’s commitment to delivering on its promise to provide greater fuel retailer convenience to customers and...
- The openings support the company’s commitment to delivering on its promise to provide greater fuel retailer convenience to customers and neighborhoods
- The fuel-only Al Talaa offers fast and efficient refueling for customers, while the Al Madean station provides the full fuel and retail offering with an onsite ADNOC Oasis store
Business
Response Plus Holding of UAE posts net profit of $10.9m
Response Plus Holding, the UAE healthcare investment and management firm, has posted a net profit of $10.9 million during the...
- Its revenue for the nine-month period climbed to 197.7 million dirhams from 2.1 million dirhams last year
- As a result of revenue growth and improved margins, gross profit reached 60.1 million dirhams
Business
Oman and Lebanon explore new trade avenues
Businessmen and stakeholders from Oman and Lebanon have discussed investment and trade exchange.
- The discussions took place during the Omani-Lebanese Business Forum organized by the Oman Chamber of Commerce and Industry
- The forum was organized on the sidelines of an official visit by a Lebanese business delegation to Oman
Business
Saudi Arabia tops region’s maritime connectivity progress
Saudi Arabia has scored 70.68 on the Maritime Connectivity Index.
- The global index measures the level of interdependence of the world's ports with shipping line networks quarterly
- It aims to help countries identify challenges and find opportunities to develop and improve their performance in the field of logistics services
Business
Qatar Islamic Bank net profit jumps 14 percent to $692m
Qatar Islamic Bank has said that its net profit for the first nine months of 2021 has jumped 14 percent...
- The Islamic lender made impairment provisions of 1.19 billion riyals for the period ended 30 September 2021
- Total income for the period was 6.12 billion riyals compared with 5.96 billion riyals for the same period in 2020
Videos
10 worst passports in the Middle East
Which passports are among the worst in the Arab World? Know the details in this Explainer video created by TRENDS.
- Iraq, Syria, Yemen, Palestine and Libya figure in the list. But which one is at the bottom?
- Sudan, Lebanon, Jordan and Egypt are also listed, the latest Henley Passport Index highlights.
Business
ACC of Saudi Arabia expects a rebound in business
Arabian Centres Company (ACC), the Saudi mall operator, is expecting an improvement in the business in the wake of the...
- “ACC will continue to operate in accordance with the updated government guidelines"
- The company has 21 commercial centers and complexes in its portfolio
Business
Dubai’s consumer confidence index jumps to 10-year high
Dubai’s consumer confidence index rose to its highest level in a decade during the third quarter of 2021, the Dubai...
- The positive sentiment has been fueled by increased economic activity
- Most consumers in Dubai are now feeling positive about current and job prospects
Business
Savola Group of Saudi Arabia buys out Bayara for $260m
Savola Group of Saudi Arabia has bought out the Emirati snack maker Bayara Holding for $260 million.
- The transaction, paid in cash according to a stock exchange filing, was part of a five-year strategy to expand Savola’s regional operations
- Bayara is a major manufacturer and distributor of branded snacks in the UAE and the Kingdom
Soniqs wins PUBG Global Series 2 Crown
It claimed $600,000 prize at Gamers8 - The Land of Heroes.
Business
Company News
QAMCO profit rises by 112%
Business
QIG’s H1 profit surges 71.5%
Business
Latest News
UK government revokes gas fracking ban in England
Britain lifted England's moratorium on controversial gas fracking to boost energy security, despite breaking the ruling Conservative party's manifesto pledge.
Geostrategy
Saudi-UAE non-oil trade increased by 92.5 percent in past decade
The value of non-oil exports from the UAE to Saudi Arabia over the past ten years was around AED205.5 billion,...
Business
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Business
Value of building permits issued by Sharjah Municipality hits $2.54 bn
Sharjah, UAE--The contractual value of building permits issued by Sharjah Municipality grew to AED9.344 billion ($2.54 billion) in H1, while...
- The value of building permits for which certificates of completion were issued reached AED3.263 billion.
- Building Permits Department has completed 1,824 applications for accrediting engineering plans, and issued 1,265 building permits.
Geostrategy
UAE, Jordan ink pact to standardize specifications
The UAE Ministry of Industry and Advanced Technology (MoIAT) signed a Memorandum of Understanding (MoU) with the Jordan Standards and...
- The agreement aims to facilitate industrial, trade and economic growth in both the UAE and Jordan.
- The pact encourages cooperation in conformity assessment procedures for non-food and non-pharmaceutical industrial products.
Business
Saudi Education Minister meets founder of edX platform in US
Saudi Arabia's Minister of Education Dr. Hamad bin Mohammed Al AlSheikh has met with the leaders of edX platform at...
- The minister met the platform's founder to discuss ways to promote cooperation in the online education and e-training industry,
- The two discussed ways to develop a partnership between the National Center for E-Learning FutureX and the edX platform.