Bupa Arabia’s profit dips by 16%
Business
TECOM H1 profit jumps 43%
Business
SNHC posts 122% jump in profit
Business
Dubai Investments net rises to $157m
Real estate sector remains one of the key business verticals.
Business
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
Expo 2020 DUBAI
Egypt’s pavilion at Expo 2020 draws 50,000 visitors in the first week
More than 50,000 visitors have been to Egypt’s pavilion at Expo 2020 during the first week of the gala event...
- Egypt’s industry and trade minister: Turnout meant the pavilion was one of most attractive for visitors
- Interactive displays show the developments that Egypt is witnessing in all fields
Expo 2020 DUBAI
Jordan dedicates pavilion at Expo 2020 to youth of the country
The creativity of Jordanian youth was celebrated with the opening of the country’s pavilion at Expo 2020 Dubai.
- The displays were built by young people from Jordan
- The ceremony was attended by Jordanian, Arab and foreign officials and community members
Geostrategy
UAE to tread ’10 Principles’ path for the next 50 years
President Sheikh Al Nahyan decrees that all ministries, government authorities and institutions should make these 10 Principles as guidelines in...
- The principles direct UAE’s institutions to strengthen the union, build a sustainable economy and harness all possible resources.
- The set of principles is also aimed at fostering positive regional and global relations to achieve national goals.
Business
Evorra secures pre-seed investment
Investors include Area Tech Holdings and FirstPartyCapital.
- The funds will be used to finalize Evorra's B2B SaaS audience marketplace.
- Evorra offers a solution to the death of third-party cookies so that brands can be custodians of their customer’s marketing data.
Geostrategy
Iran says it will resume Vienna nuclear talks
Tehran has decided to resume nuclear talks in Vienna after the new administration reviewed the previous round of talks, Iran’s...
- Tehran has yet to conclude reviewing details of the previous nuclear talks
- Khatibzadeh didn’t provide an exact date for when Iran will conclude its review
Economy
Global deal to end tax havens goes through as 136 countries back 15 percent rate
At least 136 countries have backed a landmark agreement to set a new minimum tax rate for companies around the...
- But the agreement still faces a rocky path given that it must be passed by a closely divided U.S. Congress and be approved by each of the countries
- The agreement, which was brokered by the Organisation for Economic Co-operation and Development (OECD), would set a minimum tax rate of 15% from 2023
Company News
Bupa Arabia’s profit dips by 16%
Business
TECOM H1 profit jumps 43%
Business
SNHC posts 122% jump in profit
Business
Latest News
OIC calls on UNSC to approve full UN membership of Palestine
The Secretary-General called for mobilizing all political and legal efforts to implement a long-term international consensus on a lasting solution...
Geostrategy
European Union pledges €364m in grants to Jordan
The aid packages include supporting human development, civil society, governance, institutional development and green transition.
Economy
Most Read
Geostrategy
UAE says global pacts can help face labor related challenges
The UAE highlighted the significance of complying with international work standards and developing partnerships that empower countries to overcome the...
- The UAE said that it is important to guarantee the rights of employers and employees.
- Global cooperation would help in reducing inequality and discrimination that employees may be exposed to.
Economy
Arab economies expected to grow by 5.4 percent in 2022: AMF
Arab economies grew by 3.5% in 2021. The higher growth in 2022 is attributed to an improvement in global demand...
- However, economic growth for Arab countries is expected to decline in 2023 to about 4 percent, in line with the decline in global economic growth rate.
- Global economy is expected to rise 3.2 percent in 2022 and 2.9 percent in 2023, said Abdulrahman bin Abdullah Al-Hamidy, chairman AMF Board of Directors.
Business
Record volume handled by Saudi ports in eight months: Mawani
Riyadh, Saudi Arabia---Saudi Ports Authority (Mawani) handled record tons of volume at the Kingdom's various ports from Jan-Aug this year....
- Against the 187 million tons during the Jan-Aug period in 2021, Mawani said Saudi ports handled more than 212 million tons this year, an increase of 13.59 percent.
- Saudi ports, which handle 90 percent of the Kingdom’s exports and 70 percent of its imports, received 538,265 cars between January and August,