Markets drop as Middle East tensions rise, rates cut delayed
While inflation is on a general downward path, there is a worry that it could pop back up anytime, particularly...Business
DEWA extends fibre-optic ducts across Dubai by 364 kms in 2023
Dubai, UAE--The Dubai Electricity and Water Authority (DEWA) has laid over 364 kilometres of fibre optic (FO) ducts across different...Business
KSA, UAE lead GCC in maritime trade
Saudi Arabia is planning to invest US$36bn in logistics and aims to become a regional hub for the shipping sector,...Saudi Arabia is planning to invest US$36bn in logistics and aims to become a regional hub for the shipping sector, a position enjoyed by the UAE for many years
The UAE has 10 major ports followed by Saudi Arabia (9), Qatar, Oman and Bahrain (5 each) and Kuwait (3)
Egypt’s pavilion at Expo 2020 draws 50,000 visitors in the first week
More than 50,000 visitors have been to Egypt’s pavilion at Expo 2020 during the first week of the gala event...Egypt’s industry and trade minister: Turnout meant the pavilion was one of most attractive for visitors
Interactive displays show the developments that Egypt is witnessing in all fields
Jordan dedicates pavilion at Expo 2020 to youth of the country
The creativity of Jordanian youth was celebrated with the opening of the country’s pavilion at Expo 2020 Dubai.The displays were built by young people from Jordan
The ceremony was attended by Jordanian, Arab and foreign officials and community members
Evorra secures pre-seed investment
Investors include Area Tech Holdings and FirstPartyCapital.The funds will be used to finalize Evorra's B2B SaaS audience marketplace.
Evorra offers a solution to the death of third-party cookies so that brands can be custodians of their customer’s marketing data.
UK and Gulf nations negotiate trade deal
"It brings me great joy and pleasure to officially announce the official launch of FTA negotiations between GCC countries and...The UK already enjoys strong economic links with the nations of the GCC, comprised of Saudi Arabia, the United Arab Emirates, Qatar, Bahrain, Kuwait and Oman
Trade between the UK and the Gulf nations topped 30 billion pounds ($41 billion) in 2020, according to the British government
Facebook says some users struggling to access its services
Facebook did not provide details on the cause or scope of the problems, which caused users to flock to Twitter...Facebook did not provide details on the cause or scope of the problems, which caused users to flock to Twitter to voice frustration
Hundreds of millions of people were unable to access Facebook, Instagram or WhatsApp for more than six hours on Monday
GDP of Arab economies down 3.8 percent: World Bank
The region’s average real GDP per capita is forecast to increase by only 1.1 percent in 2021 after declining an...Thirteen out of 16 countries in the region will have lower standards of living in 2021 than their pre-Covid levels.
Pandemic losses are calculated by comparing where the region’s GDP would have been if the pandemic had not hit, the bank said.
Apple appeals verdict in App Store battle
The verdict ordered Apple to loosen control of its App Store payment options but said Epic failed to prove any...The companies had opted for a so-called bench trial in which a judge rather than a jury hears the evidence and decides on a verdict.
Apple can still mandate that its payment systems is used for in-app transactions.
High oil prices lift Saudi index to 14-year high
The main Saudi stock index closed trading on October 7, with an increase of 19.45 points, to close at the...The next day, the Saudi index increased 0.1 percent, with Al-Rajhi Bank rising 1.6 percent and the Saudi National Bank rising 2.5 percent due to stable oil prices
The rise in oil prices drove the Saudi stock market to its highest level in 14 years
DP World and Saudi Ports Authority to give Jeddah Islamic Port a makeover
Dubai Ports World and Saudi Ports Authority (Mawani) have come together to expand the capacity of Jeddah Islamic Port.The development work will be carried out in four phases, with the project scheduled to be completed by 2024
It includes improvements that will enable the terminal to serve five ships simultaneously and deal with the largest container ships
