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
UAE’s Rashid Rover to land on Moon on April 25
The Mohammed Bin Rashid Space Center in UAE said that Rashid Rover, onboard the HAKUTO-R Mission 1 Lunar Lander, is...
Science
Egypt’s economy to grow 5.2 percent in current fiscal: IMF
Egypt’s economy is expected to grow 5.2 percent during the current fiscal, compared to a projected growth rate of 2.8%...
Lebanon’s new PM begins bid to form cabinet
The billionaire politician, already twice a prime minister, was designated on Monday, days after Saad Hariri threw in the towel
Saudi Arabia may host two F1 races in 2021
Saudi Arabia might host an extra Formula One race this year in order to help the organizers of the race...
Automotive plastic sales to cross $9.5bn this year
Increasing demand for commercial and passenger vehicles and flourishing automotive export industry are primary factors propelling the market growth, according...
US condemns Houthi missile attack on Saudi Arabia
The US has issued a swift condemnation of the latest Houthi attack on Saudi Arabia with a ballistic missile and...
Covid-19: Oman vaccinates nearly two million people
Muscat governorate has vaccinated the highest number of people followed by North Al Batinah and South Al Batinah
Kuwait cancels plan to shut businesses from Tuesday
The government has canceled its plan to close down all commercial activities at 8 pm, from Tuesday. It will allow...
Tesla quarterly profits top $1 billion for first time
Record deliveries of electric cars during the period allowed Elon Musk's company to garner earnings of $1.1 billion in the...
Saudi Foreign Minister visiting Pakistan today to repair ties
Pakistan foreign office said the visit holds "special significance in the backdrop of the recent visit of Prime Minister Imran...
Jordan to set up phosphate washing plant costing $85 million
JPMC recently set a new record for exports totaling 554,762 tons in June, the highest since the opening of the...
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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
Company News
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GMC, Fix Network sign agreement
Twelve new service and collision repair centers will be set up in Saudi.
Business
SRC, Riyad Bank sign $133m deal
This is the second largest mortgage refinancing deal in the kingdom.
Business
Listed insurance firms’ in UAE net profits at $222m in H1 2022
The total premiums of insurance companies listed in local financial markets in the first half of 2022 increased by 7.64...
Business
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Economy
UAE gave foreign aid worth $3.5bn, says MoFAIC
The UAE is providing sustainable humanitarian aid worldwide, underscoring its commitment to promote regional, global peace and prosperity. As per...
- The total value of foreign aid provided by the UAE from the start of 2021 to mid-August 2022 amounted to $3.5 billion
- While Yemen accounted for most of Emirati aid with over $315 million, the list also included several Arab, Asian and Western countries
Economy
Middle East nations to gain $1.3 trn in additional oil revenues by 2026: IMF
The gains, due to high oil prices, will provide 'firepower' to the region's sovereign wealth funds, said Jihad Azour, IMF's...
- Recently, Saudi Arabia said it achieved a rare budget surplus of over $20bn in the second quarter of 2022, as oil revenues surged 90 percent compared to a year ago.
- Saudi PIF has invested over $620 billion in total, $7.5 billion alone in US stocks during the second quarter, when the share prices were relatively low.
Business
Saudi, Uzbekistan sign cooperation pact in several energy sectors
Saudi Arabia and Uzbekistan have signed an agreement to develop cooperation and exchange information and experiences in all fields of...
- They will develop cooperation and exchange information and experiences in all fields of energy though research and studies besides exchanging policies and laws related to these.
- The agreement was signed by the acting Minister of Energy Dr. Essam bin Saad bin Saeed and the First Deputy Minister of Energy of Uzbekistan Azim Ahmed Khojayev.