Environment ministry reclassifies 64 air quality monitoring stations in UAE
DUBAI, UAE - As part of the Year of Sustainability initiative, UAE Ministry of Climate Change and Environment (MOCCAE) has...
Science
MoFAIC, Burjeel Holdings ink MoU on healthcare services
ABU DHABI, UAE - UAE Ministry of Foreign Affairs and International Cooperation (MoFAIC) and Burjeel Holdings have signed a Memorandum...
Business
Geostrategy
US sanctions hamper medicine purchase, says Iran
Iran is currently experiencing its worst wave of new Covid-19 infections, in what is the third wave of the pandemic...
- According to official figures, the seven-day average of new cases in the country was almost 40,000 on Tuesday
- Till date, Iran has seen more than 4.5 million cases of Covid-19 infections, with more than 99,000 deaths so far
Research
Turbulent economy under Taliban
Ahmady explained that the Taliban would have access to only 0.1-0.2 percent of the country’s foreign reserves of $9 billion,...
- Ahmady explained that the currency may depreciate, something that already happened over the weekend the Taliban took Kabul
- He also predicted that food prices would rise, hurting the poorest the most
Business
Dubai real estate rally: transactions worth $192 million recorded on Aug18
A recent report by real estate firm Chestertons said value of residential transactions increased by nearly 50 percent during the...
- Mortgage deals worth AED104.87 million and 12 gift transactions amounting to AED22.86 million also recorded.
- Completed property sales accounted for 71 percent of total transaction value and 59 percent of volume in Q2.
Business
Flyadeal ropes in Airbus to support its A320 fleet
The Saudi low fares airline, flyadeal, has signed a long-term Flight Hour Services (FHS) agreement with Airbus to support its...
- The carrier will benefit from integrated material services including spare pool access
- The agreement includes the 1,000th aircraft supported by Airbus Flight Hour Services
Business
Bahrain-origin exports up by 62 percent in July
Saudi Arabia ranked first for Bahrain-origin exports and re-exports. Portable digital automatic data processing machines were the top product re-exported...
- Unwrought aluminum and agglomerated iron ore and concentrates top two exports.
- Brazil, China and UAE top three importers for Bahrain.
Analysis
Saudi pupils ready to be back at school
Confined to homes for more than 18 months by the coronavirus pandemic, Saudi pupils are all set to be back...
- Students are packing face masks along with books as they prepare to return to the classroom
- "I’m trying to remember how life was before the pandemic, and I am looking forward to seeing my teachers and classmates again"
Arts & Culture
Expo 2020: Syria pavilion to display world’s first alphabet
The war-ravaged nation has themed its participation ‘We Will Rise Together’, inspired by its rich cultural past and future aspirations.
- Visitors can learn about the development of early writing systems and alphabets across the nation.
- An interactive recital of humankind’s oldest musical notation will be held at the pavilion.
Business
Prices of Dubai villas go through roof
Prices of villas and apartments have leaped up in Dubai by as much as 27 percent in the second quarter...
- Property management company Asteco says gradual recovery continues in Q2, with price surges in some areas
- Jumeirah Park saw the highest rise in sales price increase - 27 percent from Q1 to Q2 2021
Business
Portal to connect engineers with clients in Saudi Arabia launched
Details of the providers of services such as surveying consultancy, design contracts, boundary supervision and turnkey contracts will be available...
- It will have details of registered businesses that can provide the required services in specific areas.
- Saudi Council of Engineers expects the portal to enhance competition, transparency.
Business
Kuala Lumpur-based IILM reissues $1.25 bn short-term Sukuk
IILM's Governing Board includes the central banks and monetary agencies of UAE and Qatar as members. It is a regular...
- The competitive tender was oversubscribed at an average rate of 1.6 times.
- IILM’s year-to-date cumulative issuances reaches $9.36 billion through 24 Sukuk.
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
Environment ministry reclassifies 64 air quality monitoring stations in UAE
DUBAI, UAE - As part of the Year of Sustainability initiative, UAE Ministry of Climate Change and Environment (MOCCAE) has...
Science
Company News
Latest News
CBUAE launches new website with various services
The Central Bank of the UAE (CBUAE) has announced the launch of a new corporate website with various interactive digital...
Business
Saudi SMEs number up by 25 percent in Q1 2022: Monsha’at
Riyadh, Saudi Arabia: The number of small and medium enterprises (SMEs) in Saudi Arabia increased by 25.6 percent to 892,063...
Economy
NASA shoots for the Moon, on its way to Mars
Between 100,000 and 200,000 spectators are expected to attend the launch of NASA's most powerful rocket yet, the uncrewed 98-meter...
Science
Most Read
Business
Tibbiyah suffers H1 loss of $6m
The Saudi health provider's revenue slumped to $58.54m.
- Tibbiyah said the poor financial performance was due to disruptions in the global supply chain, resulting in sales delays
- The company believes its full-year performance will be better, supported by a typically stronger second half and the investments it has made in 'internal capabilities'
Economy
Ruwad supports 957 projects totalling $9 million
Sharjah acquired 67 percent of the new projects, while eastern region got 21 percent and the central region 12 percent
- Sharjah acquired 67 percent of the new projects, while eastern region got 21 percent and the central region 12 percent
- SMEs are a key player in the UAE's future development plans and a main pillar of its recovery efforts
Business
Women take lead in UAE, invest $9.42bn in 8 months at ADX
Some $9.42 billion have been invested in the financial markets by Emirati women during the last eight months of the...
- It represents a 74.7 percent growth over the corresponding period last year, when their trading value was around $5.39 billion
- Owning $1.06 billion of shares at ADX, there are 219,000 Emirati women investing at ADX until mid-August 2022