DFM launches futures contract on General Index
Dubai, UAE - The Dubai Financial Market (DFM) on Monday announced the offering of futures contracts on its General Index...
Business
Brazilian group seeks trade, investment boost with UAE
Sharjah, UAE - The Sharjah Chamber of Commerce and Industry (SCCI) organized the UAE-Sao Paulo Business Forum on Thursday, marking...
Business
Economy
Saudi industrial production rises to 11.9 percent
Saudi Arabia has reported a sharp rise in its Industrial Production Index (IPI) to 11.9 percent in June 2021 from...
- The increase resulted Increase mainly from mining and quarrying, which gained 19.3 percent
- Oil production rose from 7.4 million bpd in June 2020 to 8.9 million bpd in June 2021
Economy
Egypt’s headline inflation rises to 5.4 percent
Egypt's annual urban consumer inflation increased to 5.4% in July from 4.9% in June, official statistics agency CAPMAS said on...
- Month-on-month inflation also went up to 0.9 percent from 0.2 percent
- CAPMAS attributed the hike to the increase in prices of oils and fats, meats, vegetables, housing, water, electricity, gas and fuel
Business
ADNOC and Fertiglobe to sell blue ammonia to Idemitsu
The sale is part of UAE-Japan industrial cooperation and development of ammonia supply chains.
- ADNOC sold its first cargo of blue ammonia to Japan's Itochu on Aug. 3.
- Sales part of UAE-Japan industrial cooperation and development of ammonia supply chains.
Business
Investors may prefer this new Abu Dhabi license
New license for professionals to be issued by ADDED allows 100 foreign ownership of a business. ADDED also highlighted that...
- ADDED will also issue a form of service agent agreement to streamline the relationship between partners.
- 604 activities covered under the license, including accounting, training, consultancy, beauty centers.
Science
Egypt receives first shipment of J&J vaccine
Egypt has received its first shipment of J&J vaccine to inoculate Egyptians against Covid. The Ministry of Health stated that...
- Monday’s doses to be distributed to 126 centers designated to vaccinate people wanting to travel abroad
- The shipment consisted of 261,600 doses of the vaccine
Geostrategy
CIA chief visits Israel amid Iran tensions
A spokesman for Prime Minister Naftali Bennett gave no details of the agenda for the CIA chief's talks in Israel
- A spokesman for Prime Minister Naftali Bennett gave no details of the agenda for the CIA chief's talks in Israel
- But the Walla News website said he would discuss Iran's nuclear programme
Business
Dubai airport to host a million travelers
More than a million passengers are expected to arrive at Dubai International (DXB) over the next 11 days in what...
- The airport says it is bracing for exceptionally busy weekends
- Between August 12 and 22, average daily travelers passing through the DXB gates will peak to around 100,000
Economy
Saudi budget deficit narrows sharply
Better days for Saudi economy seem to be on the horizon as the kingdom’s budget deficit has narrowed sharply in...
- Saudi budget deficit fell by 38 percent from Q1
- Spending rose to SR252 billion from SR212 billion
Geostrategy
Trial over Iran 1988 mass murder begins in Sweden
Swedish court officials believe Tuesday's case is the first of its kind against someone accused over the killings.
- Hamid Noury, 60, is accused by Swedish prosecutors of "intentionally taking the life of a very large number of prisoners sympathetic to or belonging to the People's Mujahedin
- Swedish court officials believe Tuesday's case is the first of its kind against someone accused over the killings
Business
Umrah permits for double-jabbed Saudis aged 12-18
Saudi nationals aged 12-18 can obtain Umrah permits if they have received two doses of Covid-19 vaccine, the ministry of...
- Hajj and Umrah ministry’s announcement follows the inauguration of 2021 Umrah season.
- Permits must be obtained through the Eatmarna and Tawakkalna apps.
DFM launches futures contract on General Index
Dubai, UAE - The Dubai Financial Market (DFM) on Monday announced the offering of futures contracts on its General Index...
Business
Company News
DP World, NIIF expand ties
Business
Latest News
Arabian Plastic to list on Nomu
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...
Business
UAE, US discuss enhancing military, defence ties
Rear Admiral Pilot Sheikh Saeed bin Hamdan bin Mohammed Al Nahyan, explored means of fostering relations in all fields with...
Geostrategy
Saudi Fund to finance building of Cameroon hospital
The hospital will help tackle chronic disease and reduce mortality rates and also alleviate overcrowding in other hospitals of the...
Economy
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Geostrategy
Pakistan Prime Minister Shehbaz to visit UAE next month
This would be Shehbaz Sharif’s second visit to the UAE, but the first official visit since he assumed office.
- This would be Shehbaz Sharif’s second visit to the UAE, but the first official visit since he assumed office
- The visit will likely take place in the first week of September and the prime minister would head a high-level delegation
Business
UAE stock markets post gains of $2.26 billion on Friday
Dubai General Index (DFMGI) advanced 0.007 percent to 3,462.890 pts as blue-chip developer Emaar properties continued to hike, closing higher...
- Realty and banking blue chips accounted for the lion's share of transactions that amounted to more than 14,700 worth around $454 Million over 353.7 million shares
- Emirates NBD, Dubai Islamic Bank, and TECOM increased 1.84 percent, 0.84 percent and 0.41 percent respectively
Geostrategy
Macron calls for ‘new pact’ with Algeria in reconciliation visit
The trip follows months of tensions between Paris and the North African country, which earlier this year marked six decades...
- Macron had proclaimed a "new page" in relations on Thursday, after meeting President Abdelmadjid Tebboune
- On Friday, Macron and Tebboune presided over a "coordination meeting" involving security officials from both countries