Iraqi PM, Lebanese minister discuss economic cooperation
BAGHDAD, IRAQ - Iraq Prime Minister Muhammad Shia'a Al-Sudani said that the country is continuing regional economic communication. A statement...
Geostrategy
Sharjah okays Genetic Coding Program to classify emirate’s biodiversity
Sharjah, UAE - The Sharjah Executive Council (SEC) approved Tuesday the "Genetic Coding Programme" project to classify biodiversity in Sharjah,...
Science
‘Potential hijack’ of ship off UAE coast: UK maritime security agency
The MarineTraffic website, which categorises the vessel as an asphalt and bitumen tanker, said it was travelling to Sohar, a...
Shah’s son urges West to drive ‘nail in coffin’ of Iran clerical state
Pahlavi, like many others, has spoken before of the regime crumbling
Fully jabbed 60% less likely to get Covid-19: Study
The study also found double vaccinated people may be less likely to pass on the virus to others than those...
Israel can ‘act alone’ against Iran after ship attack: Bennet
Bennett said Israel had shared intelligence with the United States, Britain and others also tying Iran to the attack.
TAQA, Emirates Steel to manufacture MENA’s first green steel
The project will save energy while creating a sustainable and clean manufacturing process, says TAQA.
Year after Lebanon blast, children still in distress: UN
Nearly one in two adults also showing signs of psychological distress, according to UNICEF survey of 1,200 families.
Gulf workers’ top data skills least utilized by employers
A survey says making full use of the analytic expertise core requirement for the Gulf to continue competing globally.
Saudis set sights on space, seek partners for their program
Saudi Arabia has decided to put its space program high on the list of its agenda, and in this regard...
Etihad Rail inks transport deal with Western Bainoona Group
Etihad Rail will now provide rail freight services to transport construction materials from Western Bainoona Group’s facilities to its construction...
Bread to cost more in Egypt as govt decides to slash subsidy
Egypt has decided to withdraw subsidy from bread that will make it dearer for a people who have relied on...
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Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
Iraqi PM, Lebanese minister discuss economic cooperation
BAGHDAD, IRAQ - Iraq Prime Minister Muhammad Shia'a Al-Sudani said that the country is continuing regional economic communication. A statement...
Geostrategy
Company News
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Jordan government committed to public-private engagement
The government is committed to expanding the management consulting services sector's participation in enhancing industrial production processes and facilitating access...
Economy
Aldar says it recirculated $2.39bn into UAE economy through ICV
Aldar Properties said Tuesday that it has recirculated AED8.8 billion ($2.39 billion) to the local economy through In-Country Value (ICV)...
Business
Sharjah records 2,417 real estate transactions in July 2022
Sharjah Real Estate Registration Department (SRERD) has revealed that total transactions carried out in July 2022 amounted to 2,417 transactions...
Business
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Business
DEWA breaks own record for overhaul of gas turbines
Dubai Electricity and Water Authority (DEWA) has announced breaking its own world record in major inspection outage duration for the...
- DEWA has reduced the maintenance outages for critical inspection operations from 11 days to nine days.
- There is a reduction in the maintenance duration of 84 percent compared to 2006.
Business
Kuwait central bank issues $792 bonds, tawarruq for three months
The Central Bank of Kuwait (CBK) has issued bonds and related Tawarruq worth Kuwaiti Dinar 240 million ($792 million) payable...
- The bank said in a statement that the new securities have a return rate of 2.625 percent.
- Tawarruq is a financing arrangement where the buyer can obtain cash immediately through a series of sale transactions.
Business
ESG acquires stake in two firms
ESG is a subsidiary of International Holding Company.
- The company said it has acquired a 60 percent stake in Vision Factory, one of the biggest furniture and joinery production facility in the UAE.
- The company has also taken a 45 percent stake in Decovision, a quality interior design and engineering services provider.