US to sell drones worth $4bn to India to bolster its defenses against China
The United States approved a $4 billion sale of state-of-the-art drones to India, offering a new edge to the growing...Business Geostrategy
FDI inflows into Saudi Arabia fall 14.4 percent in third quarter: GASTAT
Riyadh, Saudi Arabia -- Foreign Direct Investment inflows into Saudi Arabia hit SAR 17 billion in the third quarter of...Business
Tadawul of Saudi Arabia to list its IPO on the bourse
Tadawul, the owner of Saudi Arabia's stock exchange, will proceed with its initial public offering (IPO) and list the shares...The operator of the bourse will offer 36 million ordinary shares, representing 30 percent of its issued share capital of 120 million shares
This comes after the Gulf state’s regulator, Capital Markets Authority (CMA), signed off on the exchange’s IPO last week
Algerian farmer’s olive oil wins global recognition
Hakim Alileche left a successful career in graphic design and moved to the Algerian countryside to produce "magic potion" --...The 48-year-old says he chose the Ain Oussera plateau for its cheap land and water supply
His oil won first prize at the Dubai Olive Oil Competition in the Extra Virgin Early Harvest category in February 2021
Axa insurance Q3 premiums down 7 percent
Q3 net profit down 18 percent from the same period last year.The firm's total comprehensive income also dropped 36 percent to 38 million riyals.
Axa said the fall in net profit can be attributed to the overall decrease in insurance results and an increase in investment income.
Colombia targets $1bn trade and direct flights with UAE
Colombia sees the UAE as a potential partner for growth in bilateral trade, economy, and tourism.Non-oil bilateral trade between the two countries amounted to $176 million in the first half of 2019
The two nations are also in talks over signing a MoU for double taxation avoidance
Sharjah earmarks $1.23m to support publishers
The gesture aims to provide public and government libraries in Sharjah with various modern publications in all Arab and foreign...Sharjah ruler Sheikh Sultan bin Muhammad Al Qasimi has directed the allocation AED4.5 million (around $1.23 million) to help publishing houses
The amount will be used to purchase the latest publications from publishing houses participating in the Sharjah International Book Fair
Air France inks Dubai deals
It has signed sustainable aviation fuel deals with Dubai firms.A high-level Air France delegation held strategic meetings with aviation leaders based in Dubai at Expo 2020
The networking event was organized in partnership with the lille3000 association and sponsored by Clarins
Workshop kicks off at MIT under Monshaat supervision
The first workshop of the Regional Entrepreneurship Acceleration Program kicked off today at the Massachusetts Institute of Technology (MIT), under...A team representing different sectors interested in developing an innovative entrepreneurship ecosystem in the Eastern Province is participating in the workshop
The workshop aims to assess and analyze the ecosystem in the Eastern Province using available data and statistics
PIF of Saudi Arabia looks to invest in China
Public Investment Fund of Saudi Arabia is looking to diversify investments into Chinese companies after having confined its overseas holdings...The PIF has applied for a Qualified Foreign Institutional Investor license in China, to be able to directly trade renminbi-denominated stocks
The $450 billion sovereign fund, which hasn’t disclosed any investments in China, has ambitions to control $2 trillion of assets
Dubai to merge economy and tourism departments
Dubai intends to merge the departments of economy and tourism in order to attract some 25 million tourists by 2025...The new entity will be asked to increase the added value of the industrial sector
Al Marri has been Director General of the Dubai Department of Tourism and Commerce Marketing (DTCM) since 2013
Dubai sets up two new courts for securities disputes
Dubai Courts has established two new courts in the Commercial Court in order to speed up settlement of securities-related disputes....The new entities were created as per the directives of Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler of Dubai
The new courts will focus on dispute resolution in securities, shares, bonds, and other such financial instruments
