DEWA extended 64km water transmission pipelines in 2022
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) extended water transmission pipelines of 64 kilometers lengths in several areas...
Business
DIFC forum to focus on optimizing treasury operations
Dubai, UAE - Standard Chartered will partner with the Dubai International Financial Centre (DIFC) in hosting the DIFC Treasury Leadership...
Business
Economy
Inflation in Saudi Arabia leaps to 0.4 percent in July
Owing to higher prices in the transport sector, Saudi Arabia's consumer price index rose 0.4% in July from a year...
- CPI rise stemmed from higher prices in the transport sector
- There was also an increase of 1.2 percent in food and beverages
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
DEWA extended 64km water transmission pipelines in 2022
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) extended water transmission pipelines of 64 kilometers lengths in several areas...
Business
Company News
Latest News
ADRO, ADGM ink deal to enhance ease of digital visa access
Abu Dhabi, UAE - Abu Dhabi Residents Office (ADRO) and Abu Dhabi Global Market (ADGM) have signed a deal to...
Business
EU plans emergency action to halt energy price rise
High gas prices have been followed by disruptions in the nuclear and hydroelectric sectors amid a heatwave blamed on climate...
Economy
Saudi to host second Global Artificial Intelligence Summit in Sept
Riyadh, Saudi Arabia: Riyadh will host the second edition of the Global Artificial Intelligence Summit from 13 to 15 September,...
Business
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Economy
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...
- The Riyadh region accounted for 35.4 percent of the total establishments, the Makkah region 21 percent and the Eastern region 12.7 percent.
- Monsha’at report said that 81 percent of these establishments are classified as micro and small establishments.
Science
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...
- The goal of the flight, dubbed Artemis 1, is to test the SLS and the Orion crew capsule that sits atop the rocket.
- The capsule will orbit the Moon to see if the vessel is safe for people in future. At some point, Artemis will see a woman and a person of color walk on the Moon for the first time
Economy
Beckham to promote Qatar attractions in tourism push ahead of FIFA World Cup
As part of the campaign, Beckham tours the country with several local personalities, exploring spice markets and street art in...
- As part of the campaign, Beckham tours the country with several local personalities, exploring spice markets and street art in the Gulf nation
- The campaign will highlight Qatar’s potential as a destination for quick weekend getaways and stopover packages being offered to transit travellers