ADDED ink deal with Wio Bank to aid SMEs growth
ABU DHABI, UAE - The Abu Dhabi Department of Economic Development (ADDED) and Wio Bank announced on Tuesday that would...
Business
Dubai records $450 million in real estate transactions: DLD
Dubai, UAE - Dubai's real estate market recorded real estate deals worth AED1.8 billion on Monday, Dubai Land Department said....
Business
Saudi public-private alliance to launch $15b tech fund
In order to advance the digital infrastructure in the kingdom, Saudi Arabia will launch a $15 billion technology fund in...
Turkey courts Biden with Kabul airport offer
Keeping the air hub safe from advancing Taliban forces became a major issue after US President Joe Biden ordered all...
Fully-vaccinated Saudi citizens can fly abroad from Aug 9
Also eligible for travel are citizens who recovered from virus six months ago and those who were infected six months...
- Also eligible for travel are citizens who recovered from virus six months ago and those who were infected six months earlier and vaccinated with single dose
- Passengers below age of 12 need to present an insurance document approved by the Saudi Central Bank
Dubai-based Swvl to go public through $1.5bn SPAC deal
The company has signed a merger deal with Queen’s Gambit Growth Capital, the first special purpose acquisition company (SPAC) led...
France’s 1960s nuclear tests in Algeria still poison ties
Between 1960 and 1966, France conducted 17 atmospheric or underground nuclear tests deep in the Sahara desert of Algeria.
Israel tells France it takes spyware scandal seriously
A consortium of major media companies, including the Washington Post and France’s Le Monde, recently said that one of Macron’s...
Greece, Cyprus win Jordan backing against Erdogan resort plan
Erdogan has vowed ‘life will restart in Varosha’ during a visit to mark 47 years since the invasion that split...
From grey to green: world cities uprooting the urban jungle
The reforestation is part of an $11-billion green initiative that also includes creating 3,000 parks in the Saudi capital.
Tunisian presidency fires head of national television channel
Earlier, president Kais Saied has suspended parliament and sacked the prime minister in what opponents have labelled a coup.
Samsung reports 73.4% surge in profit in Q2
The firm painted an optimistic view for the remainder of the year.
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ADDED ink deal with Wio Bank to aid SMEs growth
ABU DHABI, UAE - The Abu Dhabi Department of Economic Development (ADDED) and Wio Bank announced on Tuesday that would...
Business
Company News
Latest News
Help developing nations purchase Ukrainian grain: Guterres to rich nations
UN Secretary-General António Guterres has called for wealthier countries to help developing nations purchase Ukrainian grain as supplies begin returning...
Geostrategy
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Business
Aramco to complete $2.65bn buyout of Valvoline in 2023
Days after disclosing it had signed a $2.65 billion equity purchase agreement with Valvoline Global Products, Mohammed Y. Al-Qahtani, Aramco’s...
- Mohammed Y. Al-Qahtani said that Valvoline and Aramco will expand their existing partnership to ensure that 'Valvoline’s brand is managed in a consistent and holistic manner'
- He noted that VGP will acquire perpetual ownership of the Valvoline brand, trademarks and copyrights in the products sector
Research
Saudi Arabia advances in education competitiveness index
The Kingdom of Saudi Arabia has progressed in the education, research, and innovation indicators per the World Competitiveness Yearbook 2022...
- The Kingdom’s ranking jumped to the 24th position in the report, compared to 32 in 2021.
- The Kingdom advanced two steps in the scientific infrastructure indicator, garnering the 30th position this year compared to 32nd position in 2021.
Business
Jordanian, Algerian businesses aim for better trade relations
The Jordanian and Algerian business community agreed to a new vision for the two countries' economic relations, aiming to open...
- The Jordanian, Algerian sides stress on the need to develop action mechanisms to overcome difficulties that mutual trade faces.
- The two sides agree to intensify meetings and exchange delegations' visits to get acquainted with available economic opportunities.