UAE minister stresses G20 and COP28 collaboration at WBG meet
The members also exchanged views on progressing the implementation of Multilateral Convention to Implement Tax Treaty Related Measures to Prevent...
Economy
UAE, Vietnam begin process for economic partnership pact
Abu Dhabi, UAE - The UAE and Vietnam signed Thursday a declaration of intent to start negotiations for a comprehensive...
Business
Austria to welcome more GCC travelers from July 1
Austria will open border for tourists from all across the world, including GCC, from July 1 The move comes as...
Digitalization, sustainability top priorities of Middle East consumers
PwC Middle East claims consumers in the region value digitalization and sustainability the most 58% of Middle-East consumers say they...
Aramco awards East-West Pipeline compounds contract to special-purpose vehicle
Saudi Aramco has signed a deal for the construction of six residential compounds along the 1,200-km East-West pipeline The contract...
GE to develop Iraq’s power infrastructure, promote clean energy
GE will help Iraq develop power infrastructure It will also promote clean energy in the country General Electric (GE) will...
Rockwell Automation opens first training center in Egypt
Rockwell, a Fortune 500 company, recently acquired software provider Plex Systems Inc in an all-cash transaction that was valued at...
Saudi Arabia aims to be world’s primary source for dates
Saudi Arabia looks to dominate the dates industry It wants to establish itself as the primary source of dates for...
Forum in Dubai discusses market challenges, opportunities
Dubai Chamber says findings of the forum will be sent to the Dubai Government to help in policy formation 500...
UAE professionals seek challenging work, advanced tech at workplace: Survey
59 percent claim remote work option is an important aspect in their workplace In the UAE, there is a higher...
UAE to trade in 25 new international markets as economy recovers
UAE’s budget balance improved as its economy recovers It will enter 25 new international markets for foreign trade Boosted by...
Jordan’s online learning platform Edunation raises $3 million
The funding round was led by US investor Rubix The latest capital infusion will help the firm improve its operations...
UAE minister stresses G20 and COP28 collaboration at WBG meet
The members also exchanged views on progressing the implementation of Multilateral Convention to Implement Tax Treaty Related Measures to Prevent...
Economy
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Savola Foods buys Egybelg
Business
Jordan’s anti-corruption body launches National Integrity Index
The Jordan Integrity and Anti-Corruption Commission (JIACC) on Monday launched the National Integrity Index (NII), which aims to gauge public...
Economy
Museum, DEWA partner for sustainable development
The Museum of the Future has signed a strategic partnership agreement with Dubai Electricity and Water Authority (DEWA) to showcase...
Economy
Bahrain central bank’s monthly Sukuk issue oversubscribed by 152%
The Central Bank of Bahrain (CBB) said Monday the monthly issue of the Sukuk Al-Salam has been oversubscribed by 152...
Business
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Economy
Oil prices fall as Aramco signals plan to raise crude production
Oil prices slipped in Asian trade, with both main contracts down around two percent as the stuttering Chinese economic recovery...
- Oil prices slipped in Asian trade, with both main contracts down around two percent as the stuttering Chinese economic recovery added to concerns about demand
- Crude prices which had gained following Russia’s invasion of Ukraine have declined over the last couple of months on fears of a possible economic recession
Business
Solutions by stc to buy Giza
The 89.49% stake in Giza Systems will cost it $158m.
- The company had entered a binding deal for the takeover of the stake in Giza Systems in addition to 34 percent of its unit, Giza Arabia
- The transaction is expected to be completed by the fourth quarter of 2022
Business
Saudi digital payments go up, represent 94% of all trades
The study highlighted how the government sector in the kingdom has almost completely converted to electronic payment methods for all...
- The use of electronic payments increased to 62 percent last year from 44 percent in 2019 across all areas of economic activities
- When it comes to the business sector, the share of electronic payments reached a substantial 84 percent of all business payments in 2021, up from 51 percent in 2019