UAE delegation explores investment opportunities in US
“The United States is a long-standing trade and investment partner for the UAE – and an important ally in the...
Business
Arabian Travel Market unveils Monday in Dubai
DUBAI, UAE - The 30th edition of Arabian Travel Market (ATM) will open Monday at Dubai World Trade Center (DWTC),...
Business
Boeing attempts uncrewed test flight to ISS a second time
The spaceship is due to launch on an Atlas V rocket built by the United Launch Alliance from Cape Canaveral...
Amazon to launch ‘Lord of the Rings’ series in Sep 2022
The streaming service hopes that the yet-to-be-titled series will rival the success of "Game of Thrones."
- The streaming service hopes that the yet-to-be-titled series will rival the success of "Game of Thrones."
- The first season's episodes will be released on a weekly basis
IMF officially approves increased lending capacity
The program, which had already been approved by the IMF's executive board in mid-July, will be implemented on August 23
US vows ‘collective response’ on tanker attack as Iran warns
A British security guard and a Romanian crew member were killed in what analysts said bore all the hallmarks of...
Israel’s top court delays decision on evictions of Palestinian families
Palestinians said the offer was made that they remain in their properties in the Sheikh Jarrah neighbourhood as "protected tenants."...
Emerson to set up solar rooftop plant at Dubai head office
This is expected to be the largest solar rooftop plant in a single location within the Jebel Ali Free Zone.
Huawei launches Super Device products in Kuwait, Bahrain
The demand for electronic goods in the Middle East has seen an upturn since the Covid-19 pandemic started last year.
Abu Dhabi cuts procedures to start business by 71 percent
Discussions with stakeholders helped the Abu Dhabi government identify and remove duplicate requirements and modify existing requirements to facilitate the...
Lebanon: New cabinet unlikely by explosion anniversary
Political parties said to be again bickering over portfolios, which prevented government formation during the past one year.
Bahrain Telecom announces 5% hike of H1 net profit to $99.5m
Batelco said the steady rise in revenues in H1 2021 led to the increase in net profit.
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UAE delegation explores investment opportunities in US
“The United States is a long-standing trade and investment partner for the UAE – and an important ally in the...
Business
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Careem acquires MUNCH: ON
Business
EGA to produce silicon metal
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EIG, Q Properties sign gas deal
Business
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...
Geostrategy
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...
Economy
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Business
GCC and UK set sights on signing Free Trade Agreement
Dr. Nayef Al Hajraf, Secretary-General of the GCC, voiced hope that the talks would lead to an ambitious Free Trade...
- Dr. Nayef Al Hajraf, Secretary-General of the GCC, stressed the importance of the friendly relations between the GCC and the UK in serving the common interests of both sides
- The joint statement, signed with British Trade Secretary Anne-Marie Trevelyan on 22nd June, laid the groundwork for launching the negotiations today
Economy
Central Bank of Kuwait issues $792 million bonds
According to a CBK statement carried by state news agency KUNA, the new securities have a return rate of 2.625...
- According to a CBK statement carried by state news agency KUNA, the new securities have a return rate of 2.625 percent
- On August 8, the bank issued bonds and Tawarruq valued at US$ 526 million with a three-month term and return rate of 2.375 percent
Business
Saudi Fisheries posts losses
The news of the loss of $6.4m in H1 led to a slide in firm's stock.
- The news of the poor financial results dragged down the company's stock by 3.35 percent to SR37.55
- The firm reported a 34 percent surge in revenue during the same period to reach $7.73 million