Japanese PM discusses clean energy cooperation with UAE ahead of COP28
As the UAE prepares to host COP28, Japan aims to offer its green and renewable energy technologies to support the...
Geostrategy
MBRGI joins UAE delegation, takes part in UN forum on sustainable development goals
DUBAI, UAE - Mohammed bin Rashid Al Maktoum Global Initiatives (MBRGI) joined the UAE delegation to the United Nations High-Level...
Geostrategy
Business
Shares of Al Rajhi Bank gain three percent, rise to highest level in 15 years
Shares of Al Rajhi Bank gained three percent in today’s trading session, touching its highest level in 15 years. The...
- The stock rose more than 3 percent in today's morning session, with around 1 million shares of trade volume, raising it by over 80 percent year-to-date
- The share was trading at SR135.20 in the morning session.
Geostrategy
Saudi Arabia, Italy discuss bilateral ties on G20 summit sidelines
Speaker of Saudi Shura Council Sheikh Dr. Abdullah Bin Mohammed Bin Ibrahim Al Al-Sheikh reviewed the kingdom's ties with Italy...
- G20 Parliament Speakers emphasize the importance of building international consensus on the pandemic situation.
- The G20 is capable of encouraging the international effort to boost immunization for all the world's population, a joint statement said.
Economy
Dubai announces projects worth $6.8 billion
They include urban development, health, and transport projects.
- These are said to be part of a portfolio of public-private partnership or PPP projects
- The investments were announced at the First Dubai International PPP Conference
Business
Prescott announces Dubai project
The project is worth AED140 million (more than $38 million).
- Prescott Real Estate Development is launching a residential development called Prime Residency III in the Al Furjan area of Dubai
- It will be a mixed-use development that offers studios and one-bedroom apartments, with views of the city’s skyline
Science
Aramex vows to cut emissions
It has signed a deal with the Science Based Target initiative.
- Aramex has signed a commitment with the Science Based Target initiative to significantly reduce its greenhouse gas emissions by 2030
- The SBTi is a partnership between CDP, the United Nations Global Compact, World Resources Institute, and WWF
Research
UAE passport strongest in GCC, 16th in global ranking
The United Arab Emirates is followed by Qatar (60), Kuwait (61), Bahrain (69) and Oman (71) on the Henley Passport...
- The United Arab Emirates is followed by Qatar (60), Kuwait (61), Bahrain (69) and Oman (71) on the Henley Passport Index
- The Henley & Partners' list is one of many that rank passports based on their ability to provide access to their citizens
Business
Gulf International Bank closes $625million sustainability-linked syndicated loan
Gulf International Bank (GIB) said on Sunday that it has closed a $625 million sustainability-linked syndicated loan (SLL), making it...
- The deal makes it the first majority Saudi-owned bank to close such a facility.
- The deal was oversubscribed by more than two times with $1 billion commitments from 20 global investors.
Economy
Sharjah Chamber to sponsor 12th World Chambers Congress
Running from November 23 to 25, the event will be held under the theme ‘Generation Next: Chambers 4.0’
- Running from November 23 to 25, the event will be held under the theme ‘Generation Next: Chambers 4.0’
- It will bring together more than 1200 participants from international organisations and governments representing 100 countries around the world
Arts & Culture
Dubai Culture, DP World partner to boost Dubai’s creative economy
DP World will also work closely with Dubai Culture to extend various kinds of support to the creative and cultural...
- DP World will also work closely with Dubai Culture to extend various kinds of support to the creative and cultural sector
- The agreement will further strengthen Dubai's and the UAE's role as a global centre for the arts, heritage, and culture
Economy
Egypt’s non-oil exports leap up to $7.5 billion in Q1 of 2021
Egypt's non-oil exports increased to $7.5 billion in the first quarter of 2021, compared to $6.5 billion in Q4-20, according...
- The country's non-oil balance of trade deficit narrowed by 5% quarter-on-quarter (QoQ) during the January-March period
- Mineral fuels, oils, and distillation products topped the non-oil exports with a value of $809.9 million in Q1-21 from $883.2 million in Q1-20
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Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
Japanese PM discusses clean energy cooperation with UAE ahead of COP28
As the UAE prepares to host COP28, Japan aims to offer its green and renewable energy technologies to support the...
Geostrategy
Company News
stc profit jumps to $1.6bn in H1
Business
Latest News
Qatar’s United Development Company and CBQ sign home loan deal
Doha, Qatar - The United Development Company (UDC), a Qatari public shareholding company, signed a deal with The Commercial Bank...
Business
Muscat Stock Exchange trading value up 5.5 percent in a week
Muscat, Oman - The value of trading on the Muscat Stock Exchange increased last week to 9.6 million Omani riyals...
Business
Saudi NDF pumped $7.45 billion into Covid relief measures
Riyadh, Saudi Arabia— The National Development Fund (NDF) of Saudi Arabia has since March 2020 financed SAR28 billion ($7.45 billion)...
Economy
Most Read
Arts & Culture
Grand celebrations announced to mark 92nd Saudi National Day
Riyadh, Saudi Arabia—From Sept 18-26, Saudi Arabia will be hosting grand celebrations to mark the 92nd Saudi National Day. Chairman...
- Aerial and marine shows by jets, helicopters, civil airplanes, ships and boats will be organized under the theme "A Salute for the Homeland".
- The Ministry of Interior will hold "Events for the Pride of the Homeland", which includes musical shows by a military band, entertainment pavilions and virtual (AD1) theaters.
Business
UAE health ministry inks pact with Mediclinic Middle East
UAE Ministry of Health and Prevention (MoHAP) has signed a memorandum of cooperation (MoC) with Mediclinic Middle East to strengthen...
- UAE Ministry of Health and Mediclinic Middle East will cooperate in exchange of expertise and enhancing health research.
- Both entities will cooperate in organizing scientific conferences, training programs related to health research in the country.
Geostrategy
DEWA CEO briefs Utah House of Representatives delegation
MD & CEO of Dubai Electricity and Water Authority (DEWA) Saeed Mohammed Al Tayer met a delegation from the Unified...
- Speaker of Utah House of Representatives Brad Wilson led the delegation to the UAE.
- The delegation want to learn about DEWA’s innovative development projects in the water, renewable and clean energy sectors.