UAE discusses clean energy partnerships with Germany, Netherlands
ABU DHABI, UAE - A senior UAE official of the Ministry of Energy and Infrastructure (MoEI) visited Germany and the...
Geostrategy
Khalifa Fund partners with Wio Bank
Wio will offer Khalifa members full digital account onboarding.
Business
Business
Rumailah Farm signs deal
The company will supply dairy products to Address Beach Resort.
- Nestled in the scenic Hajar Mountains overlooking the Gulf of Oman, Address Beach Resort Fujairah officially opened its doors on Jul 15.
- Rumailah Farm currently operates two coffee shops on the UAE’s East Coast, in Fujairah City and Dibba.
Geostrategy
Covid-19: Abu Dhabi issues new travel norms for green countries
From Sunday, vaccinated travelers arriving into Abu Dhabi from green list destinations will have to take a PCR test on...
- Effective from Aug. 20, only vaccinated persons will be allowed to enter public places.
- The persons with a new residency permit have a grace period of 60 days to be vaccinated.
Economy
Saudi Arabia starts $3.4bn infrastructure projects in Tabuk region
The projects in the Tabuk region will include initiatives related to housing, transportation, environment, and agriculture.
- The Tabuk region is currently the epicenter of quite some activity, like the building of a substation for the Green Duba power plant
- Tabuk City also happens to be a hub for tourists who wish to explore the northern parts of Saudi Arabia
Geostrategy
OFID lends Jordan $70m to boost economy
The loan is expected to be used to provide for stimulus packages to for workers and create new jobs.
- The loan will support the creation of some 14,500 jobs in the forestry and tourism sectors
- It will also promote the employment of fresh graduates in the ICT sector, and strengthen the staffing of healthcare institutions
Arts & Culture
Iranian artworks fetch over $10m during Tehran Auction
A total of 120 lots of modern and contemporary Iranian works of art were offered during the auction at Tehran’s...
- The highest-earning painting was Reza Derakhshani’s Counting Days and Nights, Every Day and Every Night
- The mixed-media painting with fig leaves on canvas, created in 2017, fetched 52 billion rials (about $1.24 million)
Economy
Lebanon’s fuel crisis deepens as leadership brawls
As the fuel crisis worsens in Lebanon, the country's leadership appears to be at odds over how to end the...
- Dwindling fuel supply has plunged Lebanon into extended blackouts and long queues for petrol and bread
- This week the central bank announced an effective end to fuel subsidies that have drained the reserves at a time when Lebanon is in a state of financial collapse
Business
Qatar urges manufacturers to use new logo on products
Qatar has instructed local producers and manufacturers must use the new Qatari Product logo on all their products. The country’s...
- Qatar’s Ministry of Commerce and Industry unveiled the new logo in December last year, after a competition for it
- The ministry has now urged local producers and manufacturers to stop using the old logo, after a six-month grace period
Business
200 telecom towers to come up in Saudi Arabia every year
Tawal, the Saudi ICT infrastructure company, is planning to erect about 200 new towers in the kingdom every year, to...
- At NEOM, Tawal has started the construction of 60 new sites that operate entirely on solar energy
- Tawal owns about 15,000 of Saudi's 35,000 telecoms tower
Economy
Iran may need to import 8m tons of wheat
Iran is currently suffering a drought that has led to water protests in several regions, most so in the Khuzestan...
- Iran’s wheat production exceeded 14 million tons in the previous Iranian calendar year 1399
- However, this year Iran may need to import as much as 8 million tons of wheat
Ithmaar Holding gains $4m in H1 2021
This is a turnaround from H1 2020, when net loss was $1.29m.
- The increase is reportedly due mainly to the performance of the company’s retail banking assets
- EPS for H1 2021 was $0.14, compared to a negative $0.04 for the same period in 2020
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UAE discusses clean energy partnerships with Germany, Netherlands
ABU DHABI, UAE - A senior UAE official of the Ministry of Energy and Infrastructure (MoEI) visited Germany and the...
Geostrategy
Company News
Latest News
Top tourist destinations in Dubai
Dubai tourism recovered fast after the easing of Covid-19 restrictions, registering a 203 percent increase in the number of visitors...
Videos
Saudi hosts preparatory meet for ITU’s conference in Bucharest
International delegates are meeting in Riyadh from August 28-31 to discuss the future of global digital communications ahead of International...
Business
Saudi Arabia tops world with export of dates worth $322bn
Saudi Arabia harbors more than 33 million palm trees planted in more than 123,000 agricultural properties in 13 administrative regions,
Business
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Business
Saudi review partnership with Bahrain in green sector
Bahrain targets zero neutrality by 2060 in the country.
- The Saudi delegation briefed Bahrain’s minister on the farming and environmental practices in Saudi Arab.
- Bahrain’s delegation highlighted their efforts in developing agriculture, expanding green area, afforestation
Business
Saudi Arabia, Malaysia discuss food security
Saudi Arabia and Malaysia discussed cooperation in food security and the promotion of the private sector to benefit from investment...
- Minister of Environment, Water and Agriculture Eng. Abdulrahman bin Abdulmohsen Al-Fadhli represented Saudi in meeting
- Al-Fadhli met with Malaysia’s Minister of Agriculture and Food Industries Ronald Kiandee in Riyadh to discuss cooperation
Business
Saudi Arabia imports more cars in H1 than in whole of last year
Saudi ports have witnessed a growth in car imports during the first quarter of 2022, amid an increase in cargo...
- The kingdom has imported 320,000 cars during the first half of 2022— equivalent to 57 percent of last year's total figure
- The cars were mostly imported from Japan, US, and South Korea, with Thailand, Germany, China, and India also playing a prominent role