Saudi merchandize exports down 14.6% in Q1 as oil exports fall
Riyadh, Saudi Arabia -- Saudi Arabia's merchandize exports decreased by 14.6 percent in Q1 2023, compared to Q1 2022, a...
Economy
RAKEZ highlights Ras Al Khaimah’s potential to Chinese business owners
RAS AL KHAIMAH, UAE - A top-level delegation from Ras Al Khaimah Economic Zone (RAKEZ) recently concluded its trip to...
Business
Unvaccinated kids below 12 can enter open Saudi recreational spaces
Such children must be accompanied by immunized adults, should be free from flu-like symptoms, and their health status in the...
- Earlier, only 40 percent of an open recreational space was allowed for recreational purposes.
- The kingdom reported nine more Covid-19-related deaths, taking the overall toll to 8,366.
Geostrategy
370 Iraqis flown home from Belarus border
Baghdad last week announced a suspension of flights to Belarus to stem the flow and protect its citizens who have...
- Baghdad last week announced a suspension of flights to Belarus to stem the flow and “protect Iraqi citizens who have been victims of smuggling networks.”
- Lithuania accuses Belarusian authorities of funneling migrants to its border in retaliation for EU sanctions.
New Instagram tools to reduce abuse
Instagram's latest move comes after racist abuses during the Euro 2020 final.
- Instagram's latest attempt to curb hate speech came after racist abuse directed at UK footballers after the Euro 2020 final
- The Facebook-owned platform said it would start using "stronger warnings" when people post potentially offensive comments
Market Report
Gulf International Bank net up to $9.8m
For the first half of 2021, GIB reported a net profit of $17.7million.
- For the first half of 2021, GIB reported a net profit of $17.7 million attributable to the shareholders of the bank compared to a loss of $85.4 million in the prior year period
- The second quarter provision charge was $12.1 million, compared to a $49.6 million in the second quarter of 2020
Geostrategy
Murder of city official fuels anger over Iraq impunity
Abir Salim, the director of municipal services in the city which houses the mausoleums of two of Shiite Islam's most...
- Abir Salim, the director of municipal services in the city which houses the mausoleums of two of Shiite Islam's most revered figures, was shot dead
- He was on foot supervising a survey of unauthorised construction in Karbala when his killer pulled out a gun and shot him at close range
Business
Jazeera Airways posts 138% growth in passenger traffic in Q2
The operational performance shows positive signs that travel will recover at a fast pace after eased restrictions come to effect...
- The operational performance shows positive signs that travel will recover at a fast pace after eased restrictions come to effect by the middle of Q3 2020
- The airline registered a net loss of KD6.5 million for Q2 on account of the higher costs due to increased operations and higher fuel prices
Geostrategy
Iran’s Khamenei says halting Covid ‘urgent’ priority
The Islamic republic's Covid cases and fatalities have surged in recent weeks, in what officials have said is a "fifth...
- The Islamic republic's Covid cases and fatalities have surged in recent weeks, in what officials have said is a "fifth wave" caused by the highly infectious Delta variant
- Khamenei said the record number of casualties was "truly painful," and demanded greater efforts to boost vaccine "imports and domestic production"
Geostrategy
Israeli foreign minister arrives in Morocco
Foreign Minister Yair Lapid is expected to meet on Wednesday with his Moroccan counterpart, Nasser Bourita, and open a diplomatic...
- Yair Lapid is expected to meet with his Moroccan counterpart, Nasser Bourita
- Israel and Morocco normalized ties last year after then US president Donald Trump recognized Morocco’s contested sovereignty in Western Sahara
Business
Sky Abu Dhabi to invest around $1bn in Egypt in two years
Sky Abu Dhabi Development will invest nearly a billion dollars in Egypt during the next two years in the North...
- Sky, a subsidiary of United Arab Emirates-based Diamond Group, set up in Egypt in February 2021 and launched its first project in March
- Sky's project in the new capital comprises 1,000 housing units and 15,000 square meters of commercial and office space
DP World to help SMEs with trade finance
This is part of its strategy to become a global trade enabler.
- DP World will connect companies needing trade finance solutions with financial institutions on its Cargoes Finance platform
- The platform will disseminate trade data to financial institutions, so they can assess credit and compliance risks
Saudi merchandize exports down 14.6% in Q1 as oil exports fall
Riyadh, Saudi Arabia -- Saudi Arabia's merchandize exports decreased by 14.6 percent in Q1 2023, compared to Q1 2022, a...
Economy
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AD Ports acquires stake in IACC
Business
Jordan approves 33 articles of new investment law so far
The Lower House held an evening session on Sunday, chaired by Speaker Abdul Karim Dughmi.
Economy
Dubai to host international museums conference in 2025
Dubai has officially begun its journey as the host of the 27th International Council of Museums (ICOM) General Conference 2025...
Arts & Culture
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Business
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...
- The meet is hosted by Saudi Arabia’s digital regulator, the Communications & Information Technology Commission.
- Saudi Arabia is positioned to act as a convenor and mediator between the Arab world and the ITU’s 193 members to forge the best global digital policies.
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,
- According to a report by the Ministry of Environment, Water and Agriculture (MEWA), Saudi Arabia's dates exports amounted to $322 billion
- The kingdom produces nearly 154 million tons of dates annually
Business
Alhokair trims H1 loss by 49%
It cut down the loss to $18m from $35.39m posted last year.
- The hospitality group recorded a 6.4 percent rise in revenue to $93.66 million that helped bring down the group's loss
- Alhokair saw growth across its different units during the six-month period, recording higher revenue from the hotel and entertainment sectors