Saudi, UAE report highest levels of gross debt
Among the Arab countries, Egypt recorded the highest debt-to-GDP ratio of 92.7 percent while US and China are on an...Business Economy Infographic
False tweet from US regulator briefly sends bitcoin soaring
The jump in the price of bitcoin to almost $48,000 came immediately after the SEC published a message on its...Business
Riyadh leads Q2 Saudi Arabia residential market boom
Latest review by global property consultant Knight Frank says apartment values in Saudi capital grew by 7.6 percent year on...Latest review by global property consultant Knight Frank says apartment values in Saudi capital grew by 7.6 percent year on year.
Riyadh and Jeddah likely to witness a 25 percent and 36 percent increase in total office supply in the next three years.
ADNIC H1 net up 31.1 percent to $67m
Gross written premiums for the H1 of 2021 rise by 4.2 percent to AED 2.67 billion.Gross written premiums for the first half of 2021 increase by 4.2 percent to AED 2.67 billion.
ADNIC’s net investment and other income increased by 58.3 percent to AED87.3 million for the six-month period.
Drug firms urged to seek UAE advance nod for products
This will allow health authorities a pre-study of the file to issue the marketing approval in the UAE for innovative...Factories in UAE can start manufacturing procedures and apply for marketing approval for similar products
Local manufacturers can market their products in the UAE soon after expiry of the protection period for innovative products
New flights from Baghdad to Abu Dhabi
The inaugural flight of Iraqi Airways landed at Abu Dhabi International Airport on August 7.The inaugural flight, operated by Iraqi Airways using Boeing 737-800 aircraft, landed at Abu Dhabi International Airport on August 7
Iraqi Airways will start by operating one flight per week and will then increase its number of flights to two a week
Ajman Free Zone adds 867 companies in H1
Ajman Free Zone (AFZ) has registered a growth of 35 per cent in the number of new registered companies during...Health sector registers 84 percent growth in the number of new companies.
70 percent growth in Chinese retail market while the number of AFZ’s key partners rises to 48.
Bahrain invites bids for BIA Cargo Express Village project
The request for proposal has come from the Bahrain Airport Company, with the deadline for submitting the bids being September...The work includes the construction, testing, and commissioning of Phase 1-A of the Cargo Express Village
Bids will be open to only Grade A and Grade AA building contractors registered with the Bahrain’s Ministry of Works
Dubai Economy issues 3,243 trader licenses in H1
Trader License enables freelancers and start-ups to conduct businesses online and across social networking accounts.Trader License enables freelancers and start-ups to conduct businesses online and across social networking accounts.
Males account for 63 percent of the licenses issued and IT tops the list of activities.
Aramco net income rises to $25.5 billion in Q2
Higher oil prices and a recovery in demand, easing of COVID-19 curbs, vaccination campaigns, stimulus measures, and accelerating activity in...The company announces a dividend of $18.8 billion.
Higher oil prices and a recovery in worldwide demand, easing of travel restrictions drive the rise in income.
MG Cars unveils first ever all-electric SUV in Qatar
The electric car is capable of travelling for 335km NEDC on a single battery chargeStylish, compact SUV is first pure electric model from MG in the Middle East
The electric car is capable of travelling for 335km NEDC on a single battery charge
Retail coffee prices rise as frost hits Brazil produce, freight costs go up
Arabica coffee on the ICE Futures US exchange has doubled in price over the last 12 monthsThe Covid-19 which caused shipping logjams has also contributed to cost escalation by pushing the freight costs to record levels
Arabica coffee on the ICE Futures US exchange has doubled in price over the last 12 months
