Jewels of Emirates continues to attract visitors on third day
SHARJAH, UAE- The fourth edition of Jewels of Emirates Show at the Expo Center Sharjah has so far seen record...
Business
Saudi merchandize exports down 14.6% in Q1 as oil exports fall
Riyadh, Saudi Arabia -- Saudi Arabia's merchandize exports decreased by 14.6 percent in Q1 2023, compared to Q1 2022, a...
Economy
Business
Work starts on Egypt’s $9bn high-speed train
Work began on Egypt's $9 billion first high-speed train project, connecting the Red Sea coast with the Mediterranean coast, across...
- Egypt began implementing its first high-speed train project
- The Egyptian contracting companies are completing the preparation of the road
Business
Dubai Metro to open Jumeirah station on Sept 1
The station would be opening well ahead of the beginning of the Expo 2020 Dubai events, which it will be...
- The station is expected to be able to serve 11,555 riders per hour during peak times, and about 250,000 riders per day
- It has two train-boarding platforms, four bus stops, and 20 taxi stands to pick up and drop off riders, along with hundreds of free parking spaces in its surroundings
Geostrategy
Syrian workers head home as Lebanon collapses
The World Bank has already called Lebanon’s economic crisis one of the worst in the world since the mid-1800s.
- Just food for a family of five in the country costs five times the minimum wage
- The Lebanese pound has degraded to around 10 percent of its value against the dollar since November 2019
Business
Abu Dhabi Media taps STARZPLAY to stream AFC matches
Enthusiasts may buy a subscription of 2 sports channels for AED15 (a little more than $4) or the entire STARZPLAY...
- From September, the matches are expected to be streamed on STARZPLAY
- The streaming will start with the Asian qualifying matches for the FIFA World Cup 2022 in Qatar
Economy
Foreign investment in Saudi markets rose 150% in Q2
The sectors in the country that attracted the most foreign investment were banking, basic items, energy, and communications.
- Saudi Arabia was granted membership of the World Trade Organization in 2005
- This is opened up the country to ever-increasing investments from foreign parties
Arts & Culture
National Museum of Beirut gets Unesco polish
Unesco’s Li Beirut initiative has been working for three months to inspect the museum’s artefacts for inventory, classification, and storage.
- The National Museum of Beirut is gearing up to reopen to the public after being damaged in last year’s port blast
- Now, with Unesco’s help, it is gearing up to display artefacts that could date back to the Bronze Age or be from the Ottoman period, and anywhere in between
Business
Turkey buys drones from firm where Erdogan kin is CTO
The drones have been made by Baykar, whose CTO is the son-in-law of Tuekey’s president.
- The UAVs, called Akinci, have been made by private drone-maker Baykar
- The Turkish military on Sunday took delivery of these drones, whose name means “raider” in Turkish
Economy
Iran to build 6 million homes for underprivileged
The decision came from the country’s Constitutional Council, which is tasked with finalizing parliament legislation.
- Iran’s new President Ebrahim Raisi has already promised to build 4 million houses until the end of his term in 2025
- The government is expected to provide 60 percent of the funds needed to build a housing unit
Business
Etisalat to partner with GMIS on 5G
The UAE-based company will share practices at GMIS 2021.
- The GMIS is being held at Expo 2020’s Dubai Exhibition Centre.
- Discussions will focus on government , society, women in leadership and the UAE’s Operation 300bn.
Business
UAE to cut fuel prices from September 1
The United Arab Emirates will slash prices of petrol and diesel from September 1 amid the easing of Covid pandemic...
- Fuel committee announces latest price adjustments
- Fuel prices have been up for the past several months
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
Jewels of Emirates continues to attract visitors on third day
SHARJAH, UAE- The fourth edition of Jewels of Emirates Show at the Expo Center Sharjah has so far seen record...
Business
Company News
Latest News
Number of UAE bank employees surged to 34,330 in H1 2022: CBUAE
In its June 2022 report, CBUAE noted that the number of employees in the country’s banking sector increased to 34,332...
Economy
Market cap of Egypt’s bourse vaults by US$2.7bn in August
In spite of monetary policy tightening, Egypt has seen the market capitalization of its stock exchange vault by $2.7 billion...
Business
World food prices drop for fifth consecutive month: FAO
The latest Food Price Index shows that the prices of five commodities - cereals, vegetable oil, dairy, meat and sugar...
Economy
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Business
Aldar acquires Spark Security
Spark Security Services employs over 5,000 security professionals.
- Aldar said the all-cash $34m acquisition strengthens its property and integrated facilities management platform to deliver a broader offering to customers.
- Spark serves major organisations operating in a wide range of sectors, including infrastructure, banking, healthcare and hospitality.
Geostrategy
Jordan PM refers to shared views in meeting with Kuwaiti minister
Prime Minister of Jordan Dr. Bisher Khasawneh met Kuwaiti Minister of Information and Culture Abdul Rahman Al-Mutairi, who is in...
- The Jordanian PM reiterated to the Kuwaiti minister the two countries’ shared views on Arab, regional and international issues.
- The Kuwaiti Minister is in Jordan to attend the 21st Amman International Book Fair.
Science
DEWA’s R&D Center registers patent for robotic carrier
Dubai Electricity and Water Authority (DEWA) 's Research and Development (R&D) Center has registered its sixth patent for a user-friendly...
- DEWA's robotic carrier can transport glass panels or sensitive materials that require close care.
- The robotic carrier can lift solar photovoltaic panels easily from any surface.