Yanbu industrial port receives first RORO vessel, carrying nearly 2,000 cars
Yanbu, Saudi Arabia - The King Fahad Industrial Port in Yanbu welcomed the arrival of the "Hoegh Sydney," marking the...Business
Weyay recognized as ‘Fastest Growing Digital Bank’ in Kuwait by Mastercard
Kuwait City - Weyay was recognized as 'Fastest Growing Digital Bank' in Kuwait by Mastercard on the sidelines of the...Business
Dubai records $327m realty deals in week ending Wednesday
The deals consisted of 266 real estate sales transactions worth AED849.88 million.August 2021 was the second-highest month since December 2013 in terms of the number of sales transactions in one month.
The real estate market in Dubai is seeing sustained growth in the run-up to Expo 2020 Dubai.
GCC: Public-private partnership to boost healthcare
From 2018 to 2022, the private-sector healthcare spending is forecast to increase at a cumulative annual growth rate (CAGR) of...From 2018 to 2022, the private-sector healthcare spending is forecast to increase at a cumulative annual growth rate (CAGR) of 9.5 percent
A report on GCC Healthcare Industry said that the healthcare expenditure was projected to reach US$104.6bn in 2022 from an estimated US$76.1bn in 2017
Union Properties exits Dubai shopping deal
The deal with an unnamed developer was valued at $114m.The company chairman calls the deal a part of the firm's plans for diversifying the real-estate portfolio.
Union Properties posted a profit of AED 32 million for H1.
Dubai real-estate transactions for August cross $4bn
These are the latest numbers from the 18th edition of Mo’asher, which is Dubai’s official sales price index.The number of transactions in August 2021 was 5,780
They are said to be worth AED14.97 billion (around $4.08 billion)
Abu Dhabi to use drones for delivery of vaccines and drugs
DUBAI: Abu Dhabi's department of health (DoH) will be using drones for the transport of high-value medical goods such as...US-based Matternet partners with logistics company Skygo and Department of Health for 'world's first city-wide medical drone network.
SkyGo and Matternet have completed the first phase of in-country flight testing.
23 solar panel plants to come up across Saudi Arabia
DUBAI: As many as 23 factories that will manufacture solar panels and systems will be set up across Saudi Arabia,...The factories will be established in 12 industrial cities, according to Modon.
Products to be manufactured include Solar cells, slim panels for generating solar energy, solar energy panels.
Adnoc Drilling IPO increased
Adnoc Drilling will list on the ADX on or around October 3.The increase is expected to be from 1.2 billion ordinary shares to 1.76 billion ordinary shares
However, the offer price of AED 2.30 per share remains unchanged
Saudi Arabia workshop woos German investors
The workshop discussed the most prominent ways to expand the current investments in line with Saudi Vision 2030.Saudi Arabia is opening up its economy while diversifying it to lessen its dependence on oil
It is believed to have investment opportunities worth SAR12 trillion (€2.7 trillion or $3.2 trillion)
Tradition in Tehran’s oldest teahouse
Tucked in an alleyway of the Grand Bazaar, Kazem Mabhutian’s 1.5-square-metre chaikhaneh (tea house) is invisible from the main street.Tucked in an alleyway of the Grand Bazaar, Kazem Mabhutian’s 1.5-square-metre chaikhaneh (tea house) is invisible from the main street.
And yet it is the most famous among tea connoisseurs in the Iranian capital
Iraqi cement-makers angry at fuel subsidy cut
The oil ministry earlier this month raised the price of fuel sold to cement manufacturers from 150 dinars per litre...The measure has caused industry outrage in the crisis-hit country, where some regions are still waiting for post-war reconstruction
The subsidised fuel price for cement manufacturers was originally approved in exchange for their commitment to cap the price of cement
