KEZAD, Tubacex to build Middle East’s first OCTG-CRA manufacturing facility
ABU DHABI, UAE - Khalifa Economic Zones Abu Dhabi – KEZAD Group on Friday announced the signing of a land...
Business
Dubai Islamic Bank unveils digital banking services
Dubai, UAE - Dubai Islamic Bank launched DIB alt, a full-fledged digital umbrella brand to house all of the bank's...
Business
Business
Ever Given sails through Suez Canal again
Ever Given, the ship that caused the closure of the Suez Canal for six long days in March, has crossed...
- The ship, en route from the United Kingdom to China, crossed the canal among a convoy of 26 vessels
- A group of SCA senior pilots and two tugboats escorted the Ever Given throughout its journey through the canal
Investigation
Drugs seized at Dammam airport
Alert officials of the Zakat, Tax and Customs Authority at King Fahd International Airport in Dammam have seized more than...
- The authority said that smugglers are “seeking to exploit everything” to smuggle drugs into Saudi Arabia
- The authority said that smugglers are “seeking to exploit everything” to smuggle drugs into the Kingdom
Geostrategy
Bahrain allows use of airport for Afghan evacuees
Bahrain has announced that it is “allowing flights to make use of Bahrain’s transit facilities” amid the evacuations of Afghanistan.
- Kingdom made the announcement in a statement released early Saturda
- Bahrain, in the Arabian Gulf off Saudi Arabia, is home to the US Navy’s 5th Fleet
Science
Next Apple Watch could check for dehydration
With temperatures rising globally, this could be a useful feature for users of this Apple device.
- Apple has recently been granted a patent in this regard by the US Patent and Trademark Office
- The patent shows electrodes in the watch band, through which the electrical properties of sweat will be measured
Business
Russia may supply 120kt wheat to Algeria soon
Russia, the largest exporter of wheat in the world, has been looking to enter the market for quite some time.
- This is expected to mark the first entry of Russian wheat in the Algerian market
- Algeria has so far imported wheat mostly from France
Business
Egypt to earmark $2.5bn for 17 desalination plants
Fresh water resources are becoming scarce due to drought in Egypt, which is more than 90% dependent on the Nile...
- The plants will supply drinking water to people in a country where potable water is often not very readily available
- This move is the latest in Egypt’s list of initiatives to improve the supply of drinking water to its people
Geostrategy
UAE agrees to temporarily host 5,000 Afghans
The move comes following a request from the United States to help out Afghan evacuees.
- The evacuees will travel to the UAE from Kabul on US aircraft in the coming days
- These are people who are on their way to a different country
Geostrategy
Saudi Arabia to send oxygen tanks to Tunisia
King Salman bin Abdul-Aziz Al Saud has reportedly directed health authorities to provide medical oxygen and accompanying supplies to Tunisia.
- Tunisia has so far received medical aid from several Gulf and North African states
- The UAE sent vaccine doses in July, while Saudi Arabia, Morocco, and Egypt sent other aid last month
Business
Abu Dhabi to be out of bounds for unvaxxed
Abu Dhabi will be effectively out of bounds for unvaccinated people from Friday in order to curb the transmission of...
- The unvaccinated are effectively barred from entering any business in the UAE capital except for supermarkets and pharmacies
- People will be required to prove they have been vaccinated before being allowed into venues
Science
Saudi Arabia allots land for 600 megawatt solar plants
Saudi Arabia is constructing two renewable energy plants as part of the kingdom’s plan to generate 50 percent of its...
- The plants will have a capacity of 600 megawatts and will be implemented in the Third Industrial City in Jeddah and the Industrial City in Rabigh
- The Ministry of Energy is working to diversify the energy mix to produce electricity, by increasing the share of gas and renewable energy sources in it
KEZAD, Tubacex to build Middle East’s first OCTG-CRA manufacturing facility
ABU DHABI, UAE - Khalifa Economic Zones Abu Dhabi – KEZAD Group on Friday announced the signing of a land...
Business
Company News
Latest News
ADNOC awards $1.83 billion framework agreements for drilling-related services
The awards cover ADNOC’s onshore and offshore fields and will run for five years with an option for a further...
Business
Evorra secures extra $1m for data marketing at scale
Evorra CEO Aaron Ritoper said that the company has developed with regular input from a community of brands which believe...
Business
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Arts & Culture
Sharjah Chamber set to organise ‘Al Maleh and Fishing’ Festival
The Sharjah Chamber of Commerce and Industry (SCCI) has announced it will be organizing "Al Maleh and Fishing" Festival in...
- The SCCI added that all preparations are in place, and the festival is scheduled to begin on September 8, 2022, in Dibba Al Hisn City.
- The four-day event will involve the participation of several government entities and private sector companies.
Economy
Saudi bank loans to public and private sectors grow 14% by July end
Riyadh, Saudi Arabia - Saudi bank loans granted to public and private sectors grew 14 percent by the end of...
- The total loan granted by Saudi banks amounted to SAR 2.324 trillion ($620bn) by July end.
- Private-sector lending also increased by 14 percent year-on-year (YoY) to SAR 2.213 trillion ($590bn).
Business
Amazon Web Services unveils the AWS Middle East (UAE) region
Abu Dhabi, UAE - Amazon Web Services (AWS) announced Tuesday the launch of its second Region in the Middle East,...
- AWS estimated its projected spending on the construction and operation of new Region will support an average of nearly 6,000 full-time jobs.
- The AWS Middle East (UAE) Region will also add an estimated $11 billion over the next 15 years to the UAE’s gross domestic product (GDP).