Qatar records $222m in realty deals: Registration department
Doha, Qatar -- The volume of real estate trading in sales contracts at the Department of Real Estate Registration at...Business
Houthi attacks idle Suez Canal, deepen Egypt’s economic woes
The man-made waterway - which officially opened in 1869 - is crucial for Egypt, earning it $9.4 billion in transit...Business Economy
Iran to upgrade homemade Bavar 373 missile system
Iran unveiled the indigenously-designed surface-to-air Bavar 373 missile defense system in August 2019.Iran’s Deputy Defense Minister Brigadier General Mahdi Farahi made the announcement
This is a new edition that may be at the same or higher level than S400
Expo 2020 promises a productive Q4
The sale of tickets, easing of travel restrictions and positive investment projections point to a surge in economic activity in...Dubai intends to open its doors to visitors and re-establish 90 percent of its operating capacity at its airports in 2021.
66 percent of Dubai business leaders expected an improvement in business conditions in 2021 Q3, compared to 51 percent in the previous quarter.
ADNOC signs $1bn deals with eight global contractors
Agreements have been signed for concept and front-end engineering design.50 percent of project value can potentially flow back into UAE economy.
The agreements signed with eight global engineering contractors will run for five years.
Graft, security issues feed the trade in Iraq’s past
The boom in looted objects from antiquity is a real problem in Iraq, where corruption is prevalent and archaeological sites...The boom in looted objects from antiquity is a real problem in Iraq, where corruption is prevalent and archaeological sites are poorly protected
Sumerians, Assyrians and Babylonians all trod on the ancient land that is now Iraq, and that makes it a land of choice for smugglers.
Bitcoin jumps above $50,000 for first time since May
Bitcoin has been on a rollercoaster this year. After hitting $65,000 in April it tumbled below $29,000 in June, and...Bitcoin has been on a rollercoaster this year. After hitting $65,000 in April it tumbled below $29,000 in June, and is now back above $50,000
In April, PayPal-owned mobile payments service Venmo began letting users in the US buy, hold or sell cryptocurrency using its app
Saudi anti-concealment law violators get grace period
The period has been extended from August 23, 2021, to February 16, 2022, with violators looking at fines of around...The Saudi Ministry of Commerce has already given a six-month grace period once to violators of the anti-concealment law
Several enterprises, whose annual revenues exceeded SR6 billion ($1.6 billion), benefited from this
Egypt’s exports vault 22 percent to $17.70bn
Egypt’s non-oil exports leaped up by 22 percent during the first seven months of 2021, posting $17.70 billion as compared...In July 2021, Egyptian non-petroleum exports rose by 4% to $2.95 billion, from $2.21 billion in July 2020
The non-petroleum imports increased slightly by 11% to $42.39 billion during the seven-month period ended July 31st, 2021
L’Oréal ME sales up 750% since 2018
The growth was driven by a partnership with CNNB Solutions.L’Oréal Middle East entered into a D2C e-commerce and e-distribution partnership with Dubai-headquartered CNNB Solutions
CNNB developed a set of services, which include a model where it Solutions buys inventory from L’Oréal ME
Dubai’s Alcazar bought out for $500m by China
Dubai’s Alcazar Energy Partners, a wind and solar developer, has been bought out by the state-owned Chinese company Three Gorges...AEP is a leading independent developer and power producer, headquartered in the Dubai International Financial Centre
AEP's investors include Mubadala Infrastructure Partners, BluStone Management and DASH Ventures, IFC, a member of the World Bank Group, and IFC’s Catalyst Funds
Majid Al Futtaim’s H1 revenue dips 10 percent
Majid Al Futtaim, a shopping mall operator in the Middle East, has reported a drop in revenues for the first...Mall operator maintains its H1 2021 performance remained robust
Revenues for the period reached 15.6 billion UAE dirhams ($4.2 billion), down by 10 percent from a year earlier
