Jewels of Emirates Show begins in Sharjah
SHARJAH, UAE - The fourth edition of the Jewels of Emirates Show, the first Emirati exhibition dedicated to diamond jewelry,...
Business
DFM launches futures contract on General Index
Dubai, UAE - The Dubai Financial Market (DFM) on Monday announced the offering of futures contracts on its General Index...
Business
Business
Abu Dhabi bourse to cut trading commissions by 50%
The Abu Dhabi Securities Exchange (ADX) has cut its trading commissions by 50%, and will extend its trading hours by...
- The trading fees will be reduced to 0.025% from 0.05% from September 1
- The trading hours extension should bring ADX into line with the operating hours of many exchanges globally
Geostrategy
Regional security in focus as Mideast leaders meet
Leaders from around the MENA region are arriving in Baghdad for a summit meant to lower tensions in the region....
- France is co-organizing the meeting to discuss security issues in the Middle East
- For Iraq, hosting the talks is seen as a significant step toward strengthening the country's position in the region
Business
Dates conference attracts top global experts
Top global experts attended the second edition of the International Dates Conference held in Qassim as part of the annual...
- The two-day conference held several sessions with the participation of 45 speakers — experts and specialists in fields
- It also discussed the international experiences in highlighting the role of the cooperative societies sector in marketing agricultural products
Business
Bahrain Bourse forms Disciplinary Appeals Board
Members of the board will be appointed following a resolution from BHB’s board, and approved by the Central Bank of...
- The board shall be responsible for investigating appeals against disciplinary resolutions issued by related parties
- This will be in compliance with Bahrain Bourse’s Business Rules and the CBB Volume 6 DRA module
Geostrategy
US, Iraq to continue security partnership
The two countries will continue to cooperate to see to it that there is no resurgence of ISIS in Iraq.
- US and Iraq discussed the role of the Middle-Eastern country in the region
- They also discussed Iraq’s ‘significant diplomatic efforts’ to bring countries together and de-escalate tensions wherever possible
Geostrategy
Vaccine inequality alarming: UN
The UN leaders released a joint statement in which they condemned what they called the ‘crisis of vaccine inequity,’ among...
- The UN leaders said the global rollout of Covid-19 vaccines was ‘progressing at two alarmingly different speeds’
- Less than 2 percent of adults are fully vaccinated in low-income countries compared to almost 50 percent in high‑income countries
Economy
Egypt’s economy capable of facing challenges: Sisi
The Egyptian president also said the country’s economy was better equipped to meet the aspirations of the Egyptian people.
- These statements come in the aftermath of Egypt’s non-oil exports increasing 22 percent in July, as compared to the same period last year
- In fact, the International Monetary Fund has already predicted that the country’s GDP would grow 5.2 percent in the current fiscal
Economy
Iran to build 3GW renewable power plants
The move is a collaboration between Iran's Power Generation, Distribution, and Transmission Company, and the Iranian Fuel Conservation Company.
- There are currently 100,000 agricultural wells in the country that use diesel to pump water
- The construction of renewable power plants would save huge amounts of fuel in addition to supporting the power grid
Business
Qatar to host its own version of Geneva Motor Show
The organizers of the Qatar Geneva International Motor Show intend the event to take place every two years.
- The first edition of Qatar Geneva International Motor Show is planned for the autumn of 2022 or 2023
- The final dates are expected to be confirmed in the coming weeks, and the full concept will be revealed during GIMS 2022
Business
Iraq to rid its power woes with solar energy
Iraq has signed a deal with China to build a set of solar power plants that would produce 2,000 MW...
- The first plant will have a capacity of 750 MW, and the country will add more plants until it hits the 2,000 MW target
- Writing on a blog Iraq’s prime minister Mustafa Al-Kadhimi said this was one of the first such projects in the country
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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 Show begins in Sharjah
SHARJAH, UAE - The fourth edition of the Jewels of Emirates Show, the first Emirati exhibition dedicated to diamond jewelry,...
Business
Company News
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GFH acquires housing portfolio
Business
Reforms crucial to revive pandemic-hit culture sector
Arts & Culture
UAE, India FMs stress close ties at Joint Committee meeting
The UAE top diplomat said that the ongoing dialogue between the two countries has led to the launch of the...
Geostrategy
Saudi Arabia eases visa rules for GCC, US, UK, EU residents
The regulations came into effect after the minister of tourism Ahmed Al-Khateeb signed on a ministerial decree, making it easier...
Economy
Work begins on world’s first model of green steam cracking unit
Riyadh, Saudi Arabia--SABIC, BASF and Linde have begun work on the construction of the world's first model of an electrically...
Business
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Business
Markets volatile, world economy likely to grow 3.2% in 2022
As the world economy struggles to recover from the after-effects of the pandemic, financial markets are more volatile than ever.
- Global investors need to factor in how demand and supply chains will impact trade around the world
- The ongoing stop-and-start recovery from COVID has also disrupted global supply chains, leading to more instability in economies all around the globe
Geostrategy
UAE calls for global solidarity at environment ministers meet
UAE Minister of Climate Change and the Environment Mariam bint Mohammed Almheiri participated in the Joint Environment and Climate Ministers’...
- The UAE Minister spoke of forging regional and global partnerships to tackle environmental and climate challenges proactively
- She said that the outcomes of the meeting will be further pushed at the G20 Summit in October in Indonesia
Business
UBS partners with Qatar for green project in Gulf country
Qatar Financial Center Authority and UBS Asset Management will collaborate to set up a green sustainable private markets initiative in...
- The collaboration intends to develop a joint vision for the initiative with the objective of establishing Qatar as a center for environmentally sustainable investments
- To give a boost to the partnership Qatar will make an initial seed investment of up to $500 million