Saudi Arabia, France vow to promote secure, affordable and sustainable energy
RIYADH, SAUDI ARABIA – Prince Abdulaziz bin Salman and Agnes Pannier-Runacher, Minister for Energy Transition of the French Republic met...
Geostrategy
Ukraine ‘satisfied’ with Saudi-led mediation to end war
Russia, which was not invited to the summit, said that a resolution was possible if Ukraine "stopped the hostilities and...
Geostrategy
Business
Pipeline to transport gas from Qatar to UAE secures $3bn in financing
The Dolphin Gas Project, a natural gas pipeline to transport Qatari natural gas to the United Arab Emirates and Oman...
- Dolphin Ltd. will obtain financing through a revolving loan to implement expansions in pipelines that transport gas from the Qatari North Field to the UAE capital Abu Dhabi
- Dolphin Energy Limited is working on implementing the project after collecting funding from 15 banks for a period of up to 10 years
Economy
Iran needs $22bn to maintain gas output
Iran’s Oil Minister Javad Oji has reportedly said the country requires at this investment to maintain the production level of...
- About 50 percent of Iran's gas reserves are in Bushehr province
- This is true for about 10 percent of the country’s oil reserves as well
Business
London draws buyers from Middle East with hot property deals as fear of Covid eases
Buyers from Middle East have been scouting London for property deals in prime central London, with sales in the first...
- “We have seen an influx of Middle Eastern investment into London over the last month"
- Strict travel restrictions, Knight Frank said, have led to pent-up demand, and footfall of Middle Eastern travelers through London's Heathrow Airport has also risen in August
Business
UAE may open VoIP services to all next year
Mobile phone users in the Gulf country are currently allowed to use the internet-enabled video and audio calls only through...
- The UAE's telecom regulator is likely to roll out VoIP services for everyone in the country next year
- This could be either in January 2022 or after Expo 2020, which ends on March 31, 2022
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
Saudi Arabia, France vow to promote secure, affordable and sustainable energy
RIYADH, SAUDI ARABIA – Prince Abdulaziz bin Salman and Agnes Pannier-Runacher, Minister for Energy Transition of the French Republic met...
Geostrategy
Company News
DAE posts H1 profit of $140.1m
Business
Latest News
Bupa Arabia’s profit dips by 16%
Business
TECOM H1 profit jumps 43%
Business
SNHC posts 122% jump in profit
Business
Abu Dhabi leads GCC in integrated waste management
Abu Dhabi Waste Management Centre, aka Tadweer, processed more than 1,860,000 tons of waste, including 88,382 tons of medical and...
Videos
Kuwait renews support for peace initiative in Yemen
Kuwait has reiterated its support for a peaceful solution to the Yemeni conflict that can bring about peace and stability...
Geostrategy
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Economy
European Union pledges €364m in grants to Jordan
The aid packages include supporting human development, civil society, governance, institutional development and green transition.
- The aid packages include supporting human development, civil society, governance, institutional development and green transition
- EU ambassador to Jordan Hadjitheodosiou said that the programme sets the priorities for cooperation between the two nations
Business
QIB partners with Loop
They will promote eco-friendly alternative to personal cars.
- The agreement is in line with QIB’s sustainability principles for urban mobility and encourages the public to reduce carbon footprint to mitigate the effects of climate change
- Loop Mobility is a start-up transforming operations with a revolutionary e-scooter model and supporting national efforts towards building a more sustainable future
Business
Sports sector contributes US$2.45bn to Dubai economy
The sports sector has contributed some $2.45 billion to the Dubai economy in 2021, representing 2.3 percent of the emirate's...
- The DSC chairman said the government’s support for the industry is a key priority in Dubai’s drive to become the best city in the world to live and work in
- The council’s latest strategy focuses on sports clubs, sporting infrastructure, esports, sports tourism, and sports technology