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
PIF sets up firm Badael to curb tobacco use in Saudi Arabia
RIYADH, SAUDI ARABIA- The Public Investment Fund (PIF) announced the establishment of Badael Company, which aims to develop, manufacture and...
Business
Science
Facebook removes accounts linked to smear campaign against Pfizer, AstraZeneca
The Fazze network offered to pay the influencers for reposting misleading content
- A network consisting of 65 Facebook and 243 Instagram accounts have been traced back to Fazze, an advertising agency working in Russia for an unknown client
- The Fazze network offered to pay the influencers for reposting misleading content
Qatar pulls up 106 firms for violating summer work hours
The action has been taken under a new law that prohibits laborers from working outside between 10 am and 3:30...
- Qatar’s labor ministry said the 106 companies it pulled up were caught during an intensive inspection campaign
- The ministry said the violating companies are chiefly from the contracting sector: building maintenance, to be specific
Business
Dana Gas reports $139m net profit in H1
Dana Gas, the UAE-based energy producer, is out of woods with a big rise in its net profit to $139...
- The first half is one of the strongest financial periods for the gas company
- The firm reported a net profit of $139 million for the January to June period, compared to a loss of $19 million a year earlier
Economy
Non-Saudis can now own one property in the country
This new move could make Saudi Arabia appear more expat-friendly as the nation looks to project itself as a regional...
- Interested individuals may use Saudi Arabia's Absher platform to go about acquiring property in the country
- However, they will have to fulfill conditions, like having a valid and ongoing residency permit in the country
Business
Etihad Cargo’s tonnage up 20 percent on pre-Covid volumes
The cargo and logistics arm of Abu Dhabi’s Etihad Aviation Group said it is looking to facilitate a global trade...
- The airline has reclaimed 90 percent of its pre-Covid destinations.
- It currently services 72 network destinations across the Middle East, Asia, Europe, Africa, and the Americas.
Business
Palm Jumeirah beckons rich with its luxury
Dubai’s Palm Jumeirah has seen its sales and prices touch newer levels during the last few years, spurred by strong...
- More than half of multi-million dollar homes sold in Dubai in H1 are Palm properties
- The average transacted prices for residential units on the man-made island stood at 2,100 dirhams ($571) per square foot in the second quarter of 2021
Investigation
UAE firms face multiple cyber attacks in a day
Cyber criminals have targeted an organization in UAE 295 times per week on an average in the last six months....
- The most impacted industry is the finance and banking sector with 407 weekly attacks per organization, says a report.
- Most organizations had at least one employee download a malicious mobile application, which threatens their networks and data.
Geostrategy
Only serious reforms will get Lebanon foreign aid: Saudi Arabia
The Saudi Cabinet, however, reiterated its solidarity with the country whose people are looking at a deepening economic crisis.
- Lebanon’s economic crisis has been described by the World Bank as one of the 10 worst of its kind since the mid-1800s
- The World Bank also said the crisis has the potential to be among the top 3 of all time
Science
China approves first mixed-vaccine trial as Delta spread
The trial will test the efficacy of combining an "inactivated" vaccine made by China's Sinovac with a DNA-based one developed...
- The trial will test the efficacy of combining an "inactivated" vaccine made by China's Sinovac with a DNA-based one developed by US pharmaceutical company Inovio
- Preclinical work has found that "two different vaccine applications... produce an even stronger and more balanced immune response"
Business
Dubai Airports expects robust growth for DXB in H2
DXB is currently serving 68 percent of the destinations in 94 percent of the countries on 70 percent of the...
- Dubai Expo 2020 and Dubai Airshow 2021 may increase passenger numbers in months ahead, says CEO.
- India DXB’s top destination country by traffic volume in H1 with passenger numbers exceeding 1.9 million.
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
Company News
AD Ports acquires stake in IACC
Business
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