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
Prominent firms in DIFC to tap into wealth across region
DUBAI, UAE - Over 300 prominent wealth and asset management (WAM) firms have established themselves in Dubai International Financial Center...
Business
Abu Dhabi to instal ‘state-of-the-art’ scanners to detect Covid-19
Abu Dhabi to instal advanced scanners to detect Covid-19, starting with entry points to the emirate The scanners will be...
Countingwell launches operations In Middle East and Africa
The app will be initially available in UAE, Kuwait, Oman, Qatar, Saudi Arabia, and Bahrain. Countingwell today serves schools and...
UAE, Ethiopia start-ups among 100 awardees at WEF’s 2021 Technology Pioneers cohort
The start-ups include new leaders in AI, cybersecurity, robotics, and others using tech to address gaps in healthcare, financial access...
Saudi economy to grow much faster: Goldman Sachs
Goldman raises Saudi growth forecast for GDP to 4.5% this year, compared to an earlier 2.5% Kingdom's overall economic activity...
Netix Global BV to curate conference on building automation in September
The launch-cum-conference will be live-streamed in 20 countries and see more than 1000 attendees from across the globe Netix’s Intelligent...
Middle East’s aviation sector may recover to pre-COVID size by 2023
Long-term growth of the Middle East global commercial fleet is forecast to be 4.2% CAGR A survey suggests that MRO...
Macro drivers signal higher oil prices in 2022: BofA
Trends currently driving down oil prices will cease to be a problem in the second half of 2021 Weaker dollar,...
Central bank digital currencies may disrupt financial systems
*Fitch Ratings says associated risks need to be managed well if CBDCs are to stay beneficial *Potential for cybersecurity threats...
Oman Insurance relocates employees to new head office
The office equipped with hot-desking that will enable work from home Digitalization will enhance interaction, communication between the teams Oman...
NBB closes finance deal for Oman’s Mazoon Electricity
The debut Islamic financing facility by the Oman-based GRE was signed for $235 million Deal part of NBB Group’s efforts...
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
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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...
Business
Saudi economy, GDP see upswing in H1 2022
Real GDP increased at a growth rate of 11.8% in Q2 2022, driven by the significant increase in oil activities...
Economy
IGCF 2022 to be held on September 28, 29
The forum will analyse the socioeconomic and community trends that will determine the next stage of government communications regionally and...
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Economy
World Green Economy Summit in Dubai supports UAE COP28
Since its launch in 2014, the WGES has succeeded in galvanising global efforts to promote the shift towards a green...
- Since its launch in 2014, the WGES has succeeded in galvanising global efforts to promote the shift towards a green economy
- The WGES also plays a key role in supporting the UAE’s outstanding climate action efforts and its commitment to sustainability
Business
Saudi Arabia’s Kingdom Holding to invest $3.4bn in next 3 years
The company completed its earlier investment program during the period between the second quarter of 2020 and Q2 2022.
- The company completed its earlier investment program during the period between the second quarter of 2020 and Q2 2022
- It invested in diverse sectors with a proven track-record of growth and strong financial position
Economy
Egypt to issue international bonds worth $6 billion
More than a year after it issued bonds for the Japanese market, Egypt intends to issue another tranche of international...
- Egypt offered $500 million worth international bonds for the first time denominated in the yen in the Japanese market
- Egypt plans to obtain external financing by about $7.62 billion, which means an increase in the volume of external financing by about 87 percent over last year