Saudi Arabia at 16 position in Lloyd’s List 2023 rankings
RIYADH, SAUDI ARABIA - The Kingdom of Saudi Arabia was ranked 16 in annual container throughput by the 2023 edition...
Business
Economy
Kuwaiti women play big role in development: Diplomat
Fahad Hejji, the First Secretary of the Permanent Mission of the State of Kuwait to the United Nations, has said...
- Kuwait has spared no effort to empower women and ensure their rights
- It also ensures their effective participation in all aspects of daily life, and enables them to assume leading state posts
Business
Abu Dhabi lets judges work from anywhere
The move is expected to reduce the litigation time and costs and increase the rate of disposition of cases in...
- Abu Dhabi is now allowing judges to hear cases and render judgments from anywhere, irrespective of the geographical location of registered cases
- Judges of courts in Abu Dhabi, Al Ain, and Al Dhafra are now allowed to use video-conference to hear the cases before them
Science
Saudi Arabia announces vaccine mandate for public
Saudi authorities will require people to have double immunization starting at 6 am on October 10 if they are to...
- Saudi residents will need double immunization to enter any economic, commercial, cultural, recreational, sports, or tourism activity
- They will also require it to enter any cultural, scientific, social, or recreational event
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
Company News
Arab Bank H1 profit $252m
Business
Latest News
US team explores ways to boost economic ties with UAE
The delegation, led by Governor Spencer J. Cox, included over sixty prominent Utah government officials, business executives, and community leaders,...
Business
Continuous effort required to protect ozone layer, says UNEP
The UNEP noted a global temperature rise of 2.5C was possible if the ozone-depleting chemicals weren't banned, which would have...
Science
Jebel Ali Free Zone propels automotive markets growth
Jebel Ali Free Zone (Jafza), facilitated over 1.2 million metric tonnes (MT) from Dubai’s total volume of around 4.8 million...
Business
Most Read
Geostrategy
World Green Economy Summit to discuss food security
The eighth World Green Economy Summit (WGES) will explore ways to improve global food security, sustainability of the food systems...
- WGES brings together global decision-makers and influencers to share their experiences to mitigate global food crises.
- The UAE plays a crucial role in addressing the issues relating to global food security.
Geostrategy
UAE, Uruguay discuss cooperation in various fields
Speaker of the UAE Federal National Council (FNC) Saqr Ghobash discussed with Uruguay's Minister of Livestock, Agriculture and Fisheries Fernando...
- The Speaker of the Federal National Council is leading a UAE parliamentary delegation on an official visit to Latin America from September 12 to 22.
- The 10-day tour includes Brazil, Uruguay, Paraguay and Colombia and aims to promote strategic partnerships with the UAE.
Business
US to provide US$1.45bn per year in assistance to Jordan
The US will provide $1.45 billion per year in bilateral foreign assistance to Jordan, from 2023 to 2029.
- The United States supports providing $1.45 billion per year in U.S. bilateral foreign assistance to Jordan beginning in 2023 and ending in 2029
- According to the US State Department, the MOU represents a major commitment to Jordan’s stability and the durability of the strategic partnership