UAE ministry hosts discussion on poultry industry, food security
DUBAI, UAE - UAE Ministry of Climate Change and the Environment (MOCCAE) on Tuesday organized the second National Dialogue for...
Business
WEF meet to shed light on global economic transformation
Geneva, Switzerland - The 14th World Economic Forum (WEF) Annual Meeting of the New Champions is scheduled to take place...
Economy
Saudis queue up for vaccines as delta variant strikes world with force
Saudis have been queuing up in larger numbers in the last 10 days with the arrival of August 1 deadline,...
Russian sway in Suez Canal Economic Zone to widen after deal
Egypt and Russia have signed a deal to allow the latter to expand its industrial zone within the Suez Canal...
Cruise liner sets sail from Saudi Arabia for first time
Two days after Saudi Arabia unveiled its first cruise ship terminal at the port in Jeddah, MSC Bellissima, a vessel...
Luxury looks homeward as Covid curtails travel
LVMH -- home to Louis Vuitton, Moet, Fendi, and Kenzo brands among others -- saw first-half sales climb by 11...
The chips are down: why there’s a semiconductor shortage
The car industry has been the most visible victim so far, with many brands forced to slow their output in...
Iran’s Raisi set to focus on economy, nuclear deal
The US sanctions choked Iran, including by seeking to stop its oil exports, and the economy contracted by more than...
Dubai’s ‘Museum of the Future’ listed among world’s 14 most beautiful ones
The Museum of the Future, an architectural marvel that sits at the bustling heart of Dubai, is set to become...
UAE among world’s fastest countries in deploying 5G
The latest technology is likely to accelerate the deployment of tech solutions that enable establishment of smart cities, including smart...
Doctors in Saudi Arabia separate Yemeni baby from twin
The procedure to separate her took seven hours and 45 minutes and involved a team of 25 medical staff including...
Turkey battles forest fires for fourth day
The wildfires broke out on Wednesday across southern provinces, injuring more than 300
UAE ministry hosts discussion on poultry industry, food security
DUBAI, UAE - UAE Ministry of Climate Change and the Environment (MOCCAE) on Tuesday organized the second National Dialogue for...
Business
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Saudi Re bags A3 rating
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