Aramco, Intel to set up Saudi Arabia’s first open RAN center
Riyadh, Saudi Arabia -- Aramco Digital Co. and Intel have unveiled plans to establish Saudi Arabia’s first open radio access...Business
GIB, KSA wrap up Sukuk debut
Gulf International Bank is a merchant bank in the Middle EastCompany News Business
UAE, Iraq moot bilateral business council
Iraq and the UAE already conduct trade that was worth around $15 billion in 2019.Abu Dhabi Chamber Chairman Abdullah Mohammed Al Mazrouei and Iraqi Ambassador discussed the setting up of this council
Abu Dhabi Chamber Director-General Mohamed Helal Al Mheiri also attended the meeting
Qatar Tourism and Clia announce partnership
The partnership should help Qatar broaden its appeal for visitors ahead of and beyond the 2022 Fifa World Cup.Qatar welcomed 207,000 cruise visitors to Doha in 2019-20
It reopened its borders on July 12 to fully-vaccinated international travelers, and is expecting tourism to pick up
Azizi Developments records 263% hike in broker registrations
The developer has strengthened and expanded its broker relationships following the introduction of its revamped channel partner strategyThe developer has strengthened and expanded its broker relationships following the introduction of its revamped channel partner strategy
Higher commissions, weekly commission pay-outs, and rigorous broker training and assistance have contributed to the surge in registrations
UAE on way to become cashless economy by 2025
According to World Bank, the UAE has about 61 automated teller machines (ATMs) per 100,000 adults, much more than the...According to World Bank, the UAE has about 61 automated teller machines (ATMs) per 100,000 adults, much more than the world’s average of 43 ATMs
The central bank digital currency (CBDC) could be launched in the UAE and Saudi Arabia in the next two to five years
UAE on way to become cashless economy by 2025
According to World Bank, the UAE has about 61 automated teller machines (ATMs) per 100,000 adults, much more than the...According to World Bank, the UAE has about 61 automated teller machines (ATMs) per 100,000 adults, much more than the world’s average of 43 ATMs
The central bank digital currency (CBDC) could be launched in the UAE and Saudi Arabia in the next two to five years
Oman: Sohar Port increases production capacity by 14%
Production capacity touched 545,000 tons in the port’s free zone, where 45 countries have investments.The port posted a 168% increase in handling vessel-mounted mobile goods by the end of the second quarter
However, it dealt with 2.3% fewer standard container units within the same duration
Union Properties posts a total profit of AED 32 million in H1
The company witnessed a positive shift in many business activities in the UAE in general and in Dubai in particular,...Contributing most to the positive results was revenues from customer contracts.
Financing costs witness a significant decrease of 32 percent in H1 compared to the same period in 2020.
Khalid Al Qubaisi new ADES CEO
Al Qubaisi served as a VP at Mubadala Investment Company.ADES, a TAQA subsidiary, is responsible for retrofitting government and commercial buildings.
TAQA expects the appointment shows its ambition to become a champion for low carbon power.
Dubai property transactions up 50 percent in Q2: Report
Increased international interest has been a key factor in driving residential transactions to near-record levels. Dubai’s handling of Covid-19 pandemic...Residential transaction volume totaled 14,426 units, a rise of 35.48 percent from Q1 2021.
Palm Jumeirah saw the highest increase in villa rents, at 3.9 percent Q-o-Q.
BinDawood’s net profit down 50 percent for Q2
Taking a direct hit from the Covid restrictions, BinDawood, the Saudi supermarket retailer, has reported a 50 percent dip in...The retail supermarket said net profit in the quarter ended June 30 was 95 million riyals ($25.33 million),
The second quarter of last year "benefited enormously from pantry-buying in response to lockdowns"
