Qatar’s industrial sector PPI down in Nov on lower oil prices
Doha, Qatar -- Qatar's Producer Price Index (PPI) of the industrial sector in the country for November was 118.65 points,...Business Economy
UAE to press firms with 20-49 staff to hire at least one Emirati in 2024
Dubai, UAE--The UAE's Ministry of Human Resources and Emiratisation (MoHRE) has started implementing the cabinet decision to expand the scope...Business
Bahrain Bourse forms Disciplinary Appeals Board
Members of the board will be appointed following a resolution from BHB’s board, and approved by the Central Bank of...The board shall be responsible for investigating appeals against disciplinary resolutions issued by related parties
This will be in compliance with Bahrain Bourse’s Business Rules and the CBB Volume 6 DRA module
Egypt’s economy capable of facing challenges: Sisi
The Egyptian president also said the country’s economy was better equipped to meet the aspirations of the Egyptian people.These statements come in the aftermath of Egypt’s non-oil exports increasing 22 percent in July, as compared to the same period last year
In fact, the International Monetary Fund has already predicted that the country’s GDP would grow 5.2 percent in the current fiscal
Iran to build 3GW renewable power plants
The move is a collaboration between Iran's Power Generation, Distribution, and Transmission Company, and the Iranian Fuel Conservation Company.There are currently 100,000 agricultural wells in the country that use diesel to pump water
The construction of renewable power plants would save huge amounts of fuel in addition to supporting the power grid
Qatar to host its own version of Geneva Motor Show
The organizers of the Qatar Geneva International Motor Show intend the event to take place every two years.The first edition of Qatar Geneva International Motor Show is planned for the autumn of 2022 or 2023
The final dates are expected to be confirmed in the coming weeks, and the full concept will be revealed during GIMS 2022
Iraq to rid its power woes with solar energy
Iraq has signed a deal with China to build a set of solar power plants that would produce 2,000 MW...The first plant will have a capacity of 750 MW, and the country will add more plants until it hits the 2,000 MW target
Writing on a blog Iraq’s prime minister Mustafa Al-Kadhimi said this was one of the first such projects in the country
SRMG taps Japanese firms
It has struck a content deal with Japanese publishing houses.The partnership will enable SRMG to establish official channels with Shogakukan, Shueisha, and Kadokawa
This will let it adapt and localize global content for Arab audiences
Saudi banks cheer recovery with surge in loans
Driven by an increase in net loans and return on equity in the second quarter, Saudi Arabian banks are sitting...Saudi lenders increased their loan books by a net 13.1 percent from the previous three months
Average return on equity was 11.0 percent
More women in EGA management
EGA plans to have women in 25% of its supervisory roles.Two members of EGA’s Executive Committee are women
EGA also employs more than 400 women around the world
Obhur Bay, the go-to spot for pleasure seekers
To beat the sizzling summer heat, Obhur Bay is a go-to destination for many in Saudi Arabia. It is a...Surfing takes on a unique characteristic in the bay, as, in order for people to safely enjoy the sport, they are required to be highly skilled in terms of guiding the board
Boat and jet ski competitions are also held throughout the year, and many resorts and hotels are found along the 11-km-long bay
Plot of land on Red Sea sells for $352.7m
In one of the largest real estate deals in Jeddah this year, the Saudi Oger Company's "Arjuwan Red Sea Project"...The value of the endeavor amounted to more than $9.52mln for the land exceeding 281,000 sqm in a privileged location in the Alshatei district
The Arjuwan Red Sea Project is one of the most promising and ambitious real estate projects in Jeddah
