MODON launches 10 projects
The projects in 6 industrial cities are valued at $143 million.Company News Business
New investors throng Dubai Financial Market to open accounts
Dubai, UAE--Brokerage firms at the Dubai Financial Market (DFM) opened 57,054 new investor accounts in 2023, marking a significant increase...Business
Iran to set up real-estate stock exchange in H2
When established, it is expected to be Iran’s fifth major stock exchange.It will be under the purview of the Iran Mercantile Exchange or IME
Such an exchange is expected to provide housing units for the underprivileged
Saudi Arabia lifts ban on entry of foreigners
Saudi Arabia has lifted the ban on the entry of foreigners from 20 countries, six months after the kingdom declared...The Ministry of Foreign Affairs’ agency for consular affairs said the decision only applied to expats who were fully vaccinated in Saudi Arabia before they departed for their home
Expats wanting to return to the Kingdom should undergo all health measures to ensure they were free from infection, the agency added
IFC pours $10.4bn in private sector in MENA
During the current financial year, the International Finance Corporation (IFC), a member of the World Bank group, provided financing worth...IFC's financing included $2.9 billion in short-term finance and $4.2 billion in mobilization
The funds helped small businesses access finance, connect people and businesses to reliable digital infrastructure, trade and services
Chabahar port becomes permanent member of World FZO
The World FZO is a non-governmental, non-profit entity based in Dubai in the United Arab Emirates.Chabahar is Iran's only oceanic port on the Gulf of Oman
It can from now on participate in the decisions and events of the World FZO
ADNOC L&S acquires line boats
Boats used for marine services at Abu Dhabi petroleum ports.All six vessels contracted from Sharjah-based Albwardy Damen.
ADNOC L&S says it is in the midst of strategic expansion program.
TikTok to offer in-app shopping with Shopify
The social media app will expand into e-commerce in partnership with ShopifyThe social media app will expand into e-commerce in partnership with Shopify
The news comes amid rising interest in "social commerce" that is expected to be worth some $36 billion in the US this year
Samsung announces $205 billion investment plan
The tech giant is South Korea's largest conglomerate and its overall turnover is equivalent to a fifth of the national...The tech giant is South Korea's largest conglomerate and its overall turnover is equivalent to a fifth of the national gross domestic product
Samsung Electronics, the flagship subsidiary of the Samsung Group, is the world's biggest smartphone maker
High cost of non-stop flying shakes up aviation
The global aviation industry has been booming for the last few decades now. But the unprecedented growth in jets flying...The aviation sector generates 2-3% of global carbon emissions
Industry leaders pledged to halve net CO2 emissions to 2005 levels by 2050
Bahrain’s rich own half of its total wealth
Nearly half of Bahrain’s wealth, of $69 billion, is possessed by its super-rich citizens, according to Boston Consulting Group (BCG).Ultra high-net-worth individuals (UHNWIs), who are valued at $100m or more are expected to own 44pc of overall financial wealth in the kingdom by 2025
the upper high-net-worth ($20m to $100m) and lower high-net-worth ($1m to $20m) individuals are expected to own 9pc and 15pc of financial wealth in the kingdom respectively by 2025
Kuwait looks to regulate local used-car trade market
The regulation will look to limit the maximum number of cars non-Kuwaiti residents in the country can own.Local authorities were recently alerted to people in the country with up to 50 vehicles in their names
These people were apparently trading in used cars without a proper license
