Nakilat expands its fleet
The Qatari firm placed orders for 6 carriers with HSHI.Company News Business
Oil prices slump but stock markets mostly higher
Wall Street indices enjoyed solid gains, including the Dow, which mustered a 0.6 percent advance in spite of an eight...Business Energy
Kuwait population down 0.9 percent in H1 due to expat exodus
DUBAI: Kuwait’s population decreased by 0.9 percent in the first six months of this year to 4.62 million, as expatriate...More than a third of Kuwait population under 15, likely to put more pressure on the labor market.
Total employment fell by 1.7 percent in H1 due to moderation in hiring activity among Kuwaiti nationals in the private sector and a drop in expat employment.
Saudi Arabia and Greece to set up business council to deepen trade
Saudi Arabia and Greece have decided to set up a business council in order to enhance bilateral trade and investment...The body will aim to open new areas for economic cooperation, facilitate continuous interaction between the Saudi and Greek business sectors
The new council will also exchange information on available markets and investment opportunities, enable commercial and investment partnerships
$4 billion infrastructure and road projects ready for Expo 2020: RTA
The Road and Transport Authority has charted out technical event management plans and developed a structure for the mobility of...The projects included the construction of an Enterprise Command and Control Centre, hailed by RTA as one of the biggest and most sophisticated control centers in the world.
Dubai Metro Expo 2020 Station will operate on October 1, synchronized with the official opening of Expo 2020.
Japan sees Middle East as vital in creating hydrogen-based society
Kajiyama Hiroshi, the economy, trade and Industry minister of Japan, said that Middle Eastern countries are important partners in creating...'The large-scale and inexpensive hydrogen supply is indispensable'
Hydrogen and ammonia are attracting attention as new energy sources
Digital inclusion vital for economic growth: Experts at WEF discussion
DUBAI: An estimated 47 percent of people worldwide are offline, and the cost of available broadband exceeds affordability targets in...An estimated 47 percent of people worldwide are offline, and the cost of available broadband exceeds affordability targets in 50 percent of developed countries.
The UAE’s information and communications technology spending is estimated to reach $23 billion by 2024.
What are the top ecommerce platforms in the GCC?
Ecommerce in the world in general and the GCC region in particular has proliferated despite the Covid-19 pandemic, or probably...The UAE and Saudi Arabia together accounted for 75 percent of total ecommerce sales in the region
Ecommerce is expected to rise at a compound annual rate of 19 percent in 2024
Mubadala mining JV unit sold
Matsa is a JV subsidiary of Mubadala and Trafigura.The deal is valued at €1.58 billion ($1.85 billion)
It is expected to conclude in the first quarter of 2022
2022 World Cup may help Qatar sustain growth
The projects initiated as part of hosting the tournament include the construction of eight stadiums, Doha Metro Rail, a new...Stadiums constructed for the world cup would be later given to local clubs for utilization
QTA announced new tourism strategy which aims to attract 5.6 million visitors to Qatar annually by 2023
China central bank says all crypto transactions are illegal
The bank has effectively sounded the death knell for digital currencies in China.The global values of cryptocurrencies including Bitcoin have massively fluctuated over the past year partly due to Chinese regulations
The rulings have sought to prevent speculation and money laundering
WSJ reports China preparing for Evergrande’s downfall
The Wall Street Journal, the top American newspaper, has reported that Chinese authorities are asking local governments to prepare for...Local governments have been ordered to assemble groups of accountants and legal experts to examine the finances around Evergrande's operations in their respective regions
Both bonds would default if Evergrande fails to settle the interest within 30 days of the scheduled payment dates
