Quiet and not-so-quiet luxury at Paris Fashion Week
PARIS, FRANCE - The Paris Fashion Week menswear shows draw to a close on Sunday. Here are some of the highlights...Business Economy
Bahrain and Slovakia to ramp up cooperation in urban planning
Manama, Bahrain-- Bahrain and Slovakia are looking to ramp up the ongoing cooperation in urban planning and sustainable development.In this...Business Economy
Emaar EC eyes $3bn capital hike
Its board of directors has okayed a 33% hike in its capital.Emaar EC will now put the approval plan to shareholders' vote
This will happen at the extraordinary general meeting to be held on September 12
Aramco rebar facility opened
IKK Mateenbar will produce non-corrosive fiberglass rebar.New corrosion-free material could support the kingdom in achieving its carbon neutrality targets.
Extreme temperatures and high levels of salinity make the kingdom one of the most corrosive environments for steel rebar.
‘Transparency key to success for corporates in MENA’
Good corporate governance and best practices have been driving the shift in the regional market, says Jamal Fakhro, Managing Partner...Regulators across sectors are proactively evolving national laws and regulations to ensure that businesses perform as responsible stewards in the market, says Jamal Fakhro
Majority of businesses in the region which have adopted corporate accountability and transparency are driving the shift in the market, adds the Managing Partner at KPMG Bahrain
American falcon sells for $467,000 in Saudi auction
The falcon was 16.5 inches both long and wide, and weighed 980 grams.An ultra-white Gyr Qarmousha Falcon, less than a year old, was sold for SAR1.75 million (around $467,000)
It came from a noted international breeding facility called the Pacific Northwest Falcons farm, located in the US
1.8 million Saudis employed under Nitaqat program
Nitaqat is a nationalization scheme implemented, which requires Saudi companies to fill up their workforce to certain levels with Saudi...About 1.6 million establishments in the Saudi employment market are registered under the program.
Under Updated Nitaqat, the number of economic activities will be reduced to 32 from 85.
GCC equity markets shine in H1 2021
The growth was spurred by abundant liquidity created by easing monetary and fiscal policies besides a rebound in oil prices.The pharma and biotech index topped performance during H1 2021 with returns of 24.3 percent and 50.4 percent.
Abu Dhabi Exchange topped the region’s equity markets by gaining as much as 35 percent.
Social cost of 2019’s plastic more than GDP of India
There is increasing international alarm over the sheer volumes of fossil-fuel based plastics entering the environment, as microplastics have infiltrated...It estimated that unless there was concerted international action, a projected doubling of plastic production could see costs rocket by 2040 to $7.1 trillion.
Since the 1950s, roughly 8.3 billion tons of plastic have been produced with around 60 percent of that tossed into landfills or into the natural environment.
TotalEnergies inks $27bn deal to power Iraq
The French firm, formerly called Total, will now build four power projects in Iraq.Iraq said this was the largest investment in Iraq by a Western company
Iraq has immense reserves of oil and gas, but is facing an acute power crisis despite that
Oman Air inks deal in tourism push
The national carrier of Oman inked the deal with tripsnstay.The agreement follows the recent announcement of Oman easing travel restrictions
The country on September 1 reopened its doors to vaccinated travelers with a negative PCR test result
Al Zorah selling new Ajman plots
Th plots are part of phase 2 of The Fairways project in Ajman.This phase of the project is said to feature a total of 90 townhouses, 71 villas, and 33 buildings
All of them will be overlooking the golf course and the Al Zorah Mangrove
