Dubai Customs, Japan seize drugs worth $310m from Tokyo port
DUBAI, UAE- Dubai Customs has assisted Japanese customs authorities in intercepting a significant quantity of illicit drugs. Up to 700...
Geostrategy
Market Report
OPEC’s crude oil reserves up 0.3% to 1,237 bn barrels in 2020
World’s proven crude oil reserves stood at 1,549 billion barrels in 2020, increasing by 0.2 percent from the level of...
- World’s proven natural gas reserves fell by 0.4 percent to 206.7 trillion standard cu m in 2020
- OPEC natural gas reserves stood at 73.74 tr standard cu m in 2020, down 1.4 percent from 2019
Business
Microsoft announces pricing for new Office suite
Office 365 has been renamed Microsoft 365, and will be available on Windows PCs, Apple’s Mac machines, and mobile platforms,...
- Microsoft 365 and Office 2021 will run on Windows 11, Windows 10, and the three latest macOS versions
- A Microsoft account and an internet connection are mandatory for subscribers to access and use Microsoft 365 or Office 2021
Business
Saudi bourse joins new emerging-markets index
The Saudi Stock Exchange will be added to its widely followed Emerging Markets Government Bond Index (EMGBI), the global index...
- The accession will allow the Saudi Sukuk and Debt instruments to be part of corresponding global market indicators that investors follow
- This would have been made possible by the actions that the Capital Market Authority of Saudi Arabia has taken
Business
GCC and Europe to revive free trade deal talks: EU Ambassador
The Gulf Cooperation Council and the European Union have agreed to revive free trade deal talks, according to EU Ambassador...
- EU countries have direct investments in Saudi Arabia worth $24.88bln
- The agreement will also be part of the discussions during the upcoming visit of the European Union representative to the Gulf region
Science
UN desires digital equality for young and old
To mark the International Day of Older Persons, the United Nations has called for digital equality to be applied to...
- These technologies can help older citizens stay connected with loved ones, attend a religious service
- Older persons have often been left more isolated during the pandemic
Business
Emirates Post launches five new services
The official postal operator of the UAE made the launches during the 2021 Seamless Middle East.
- The new addition includes service points and parcel lockers
- Through these, customers will have more flexible channels for last-mile delivery options
Business
Anaam land sale nets $22.6m
The transaction will be reflected on Anaam’s Q3 financial results.
- The deal has been inked with the buyer Khaled Mustafa Mohamed Monem
- It includes the sale of all equipment, machinery, buildings, and cars
Business
Saudi stock market index ends high at 11,495.76 points
The main Saudi stock index closed today, up, gaining 112.11 points, to close at 11495.76 points, with trading value worth...
- The volume of traded shares, reached 180 million, through more than 290 thousand deals
- The Saudi Parallel Shares Index (NOMU) closed today, down, losing 257.36 points, at 23652.32 points level, with trading value worth SR 51 million
Expo 2020 DUBAI
UAE Central Bank to issue commemorative Expo 2020 silver coins
DUBAI: The Central Bank of the UAE (CBUAE) has announced it will issue silver coins that feature Expo 2020’s official...
- All issued commemorative coins will be available for sale via the Expo 2020 official stores as well as the New Zealand Mint’s website.
- Costing coins will be available for sale via the Expo 2020 official stores and New Zealand Mint’s website.
Business
Al-Rajhi Capital predicts Saudi oil revenues to touch $145.3bn at the end of 2021
Al-Rajhi Capital believes that Saudi oil revenues will touch $145.3 billion at the end of 2021, while total state revenues...
- The bank's estimate for non-oil revenue is at $101bln
- The assessment was made on the Saudi budget forecast released on Thursday
Most Read
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
Company News
Latest News
DFM H1 profit up up 63 percent
Business
DEWA smart meters’ number up 73% in four years
Dubai, UAE---Dubai Electricity and Water Authority (DEWA) recorded a growth in the number of smart water meters by 73.6 percent...
Business
UAE president invites Israeli counterpart to attend Abu Dhabi Space Dialogue
The invitation was extended by the UAE Minister of Foreign Affairs Sheikh Abdullah bin Zayed Al Nahyan who is currently...
Geostrategy
UAE foreign minister meets Israeli PM, discuss ties, regional issues
The two leaders reviewed issues of common interest, regional and international developments, and ways to enhance efforts to achieve peace...
Geostrategy
Most Read
Geostrategy
ENEC shares expertise at cyber energy leadership forum
The Emirates Nuclear Energy Corporation (ENEC) hosted the first edition of the CyberEnergy Leadership Forum (CELF) in Abu Dhabi. Over...
- The one-day forum featured a leadership briefing, followed by a technical forum hosted by ENEC and the United States Department of Energy
- ENEC is a leading entity that is spearheading cyber security in the UAE’s clean energy sector
Business
Response Plus enters Indian market
The company will establish its Indian headquarters in Kerala state.
- RPM India will work as a healthcare partner for onsite medical service solutions with oil and gas companies and other major industries.
- It will provide services to Airports, Seaports, Educational Institutions, malls and global events to meet the emergency healthcare needs.
Business
Agthia to pay $17m dividend
The dividend is in line with its bi-annual dividend policy.
- The company's H1 revenues reached AED 2 billion, up 51 percent year-on-year, and net profit grew to AED 118 million for the period, a 74 percent increase compared to H1 2021.
- Agthia recently announced an AED 90 million investment in a manufacturing facility in Saudi Arabia to drive growth for its protein vertical.