Aramco chief expects oil demand to rise by 1.5 mbpd in 2024
Riyadh, Saudi Arabia - Saudi Aramco's President and CEO, Amin Nasser, anticipates a surge in global oil demand, projecting an...Business
Emirates Steel Arkan signs $2bn deal
The 5-year, iron-ore pellets supply deal was signed with BSC.Company News Business
Facebook ‘metaverse’ to become reality soon
The technology might, for example, allow someone to don virtual reality glasses that make it feel as if they're face-to-face...The technology might, for example, allow someone to don virtual reality glasses that make it feel as if they're face-to-face with a friend
Metaverse enthusiasts point out that the internet is already starting to blur the lines between virtual experiences and "real" ones
Oman and Lebanon explore new trade avenues
Businessmen and stakeholders from Oman and Lebanon have discussed investment and trade exchange.The discussions took place during the Omani-Lebanese Business Forum organized by the Oman Chamber of Commerce and Industry
The forum was organized on the sidelines of an official visit by a Lebanese business delegation to Oman
Saudi Arabia tops region’s maritime connectivity progress
Saudi Arabia has scored 70.68 on the Maritime Connectivity Index.The global index measures the level of interdependence of the world's ports with shipping line networks quarterly
It aims to help countries identify challenges and find opportunities to develop and improve their performance in the field of logistics services
Newcastle fans celebrate new era for the club under Saudi ownership
Hundreds of supporters sported traditional Saudi headdress and flew flags of the Gulf kingdom ahead of the Magpies' first match...Newcastle fans celebrated the departure of unpopular former owner Mike Ashley
The fans are already dreaming big as they aim to follow in the footsteps of Manchester City
Jordan, Saudi Arabia investors launch Fly Aqaba
The new airline, Fly Aqaba, was set up with $20 million in private sector investment, said Nayef Bakhit, president of...Flights will connect Aqaba to Amman as well as European and other Arab cities "at competitive prices"
The Covid-19 pandemic has badly dented Jordan's tourism industry, which represented 14 percent of its GDP
Robotics set to alter job markets in Gulf region
There will be ample job opportunities in artificial intelligence, robotics, automation, advanced manufacturing, virtual reality, augmented reality and big data...There will be ample job opportunities in artificial intelligence, robotics, automation, advanced manufacturing, virtual reality, augmented reality, and big data
Administrative and secretarial jobs, data entry, accounting, accounting records management and payroll services will become extinct, says a World Economic Forum report
Qatar Islamic Bank net profit jumps 14 percent to $692m
Qatar Islamic Bank has said that its net profit for the first nine months of 2021 has jumped 14 percent...The Islamic lender made impairment provisions of 1.19 billion riyals for the period ended 30 September 2021
Total income for the period was 6.12 billion riyals compared with 5.96 billion riyals for the same period in 2020
ACC of Saudi Arabia expects a rebound in business
Arabian Centres Company (ACC), the Saudi mall operator, is expecting an improvement in the business in the wake of the...“ACC will continue to operate in accordance with the updated government guidelines"
The company has 21 commercial centers and complexes in its portfolio
Dubai’s consumer confidence index jumps to 10-year high
Dubai’s consumer confidence index rose to its highest level in a decade during the third quarter of 2021, the Dubai...The positive sentiment has been fueled by increased economic activity
Most consumers in Dubai are now feeling positive about current and job prospects
Savola Group of Saudi Arabia buys out Bayara for $260m
Savola Group of Saudi Arabia has bought out the Emirati snack maker Bayara Holding for $260 million.The transaction, paid in cash according to a stock exchange filing, was part of a five-year strategy to expand Savola’s regional operations
Bayara is a major manufacturer and distributor of branded snacks in the UAE and the Kingdom
