UAE minister calls for using digital tech in building peace
New York, USA - Omar Sultan AlOlama, UAE's Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications,...
Geostrategy
UAE, Morocco discuss ways to strengthen trade relations
Rabat, Morocco - The UAE is keen to strengthen economic and trade relations with Morocco, in a way that enhances...
Business
ADNOC sells its first cargo of blue ammonia to Itochu
The sale was made in partnership with Fertiglobe, which will produce blue ammonia at its Abu Dhabi plant for delivery...
Millennial, Gen Z Muslims to adopt Islamic banking if it gets more accessible
The report titled ‘Faith and Finance: The changing face of Islamic banking’, surveyed over 2,000 respondents globally
Dubai-Korea relations strengthen with $882m bilateral trade in Q1
Imports had the lion’s share at AED2.551 billion, followed by exports at AED549.782 million, and re-exports at AED137.473 million, Ahmed...
UAE’s non-oil economy picks up in July, strongest in two years
Latest IHS Markit UAE PMI says firms hoped easing of COVID-19 restrictions and the Expo 2020 later this year would...
Covid returns to China’s Wuhan: Global Delta variant woes mount
A resurgent virus has returned with a vengeance, buoyed by stalling vaccination rates and deadly new mutations.
Egypt’s exports shot up 54 percent to $282m in June 2021
Egypt’s exports of engineering products spiked by 54 percent to $282 million in June 2021, compared to $180m in the...
Covid-19 has disrupted breastfeeding support services: WHO
Several countries report baby foods producers invoking unfounded fears that breastfeeding can transmit virus.
At $690m, Saudi gaming market is next big thing in region
Saudi Arabia has seen a sharp rise in the gaming market among its population, with total gamers running into 21...
Morocco extends night curfew to curb surge in Covid cases
With the delta variant of the coronavirus striking most parts of the Middle East and North Africa region, Morocco, battling...
PMI: Saudi non-oil economy expands but challenges ahead
PMI falls for the first time in four months in July. The downgrade driven by weaker growth in output, new...
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UAE minister calls for using digital tech in building peace
New York, USA - Omar Sultan AlOlama, UAE's Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications,...
Geostrategy
Company News
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Careem acquires MUNCH: ON
Business
EGA to produce silicon metal
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...
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...
Business
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Geostrategy
Jordan king Abdullah meets Arab leaders in Egypt
The king was received by Egypt President Abdel Fattah El Sisi and a number of senior Egyptian officials on arrival...
- The king was received by Egypt President Abdel Fattah El Sisi and a number of senior Egyptian officials on arrival at El Alamein International Airport on Egypt’s north coast
- Egyptian President Abdel-Fattah al-Sisi and visiting President of the UAE, Sheikh Mohamed bin Zayed Al Nahyan underlined the importance of strengthening Arab unity
Economy
Iraqi Central Bank report shows financial recovery in past 10 years
A Central Bank of Iraq report showed that the unemployment rate rose to 16.5 percent in 2021, compared to 11.9...
- A Central Bank of Iraq report showed that the unemployment rate rose to 16.5 percent in 2021, compared to 11.9 percent in 2012
- As for imports, they decreased from $50 billion in 2012 to $34 billion in 2021, as well as exports which decreased from $94 billion in 2012 to $73 billion in 2021
Business
Sumou signs $144m deal
The Saudi real estate firm will build 507 villas in Madinah.
- The company said in a bourse filing that it will develop villas for Al-Samiya, a residential project located in Al-Madinah
- The construction is expected to be completed in 42 months and will be financed based on equity and off-plan sales