Japan to restart funding to UN Palestinian refugee agency
Tokyo, Japan--Japan is preparing to resume funding to the UN's crisis-hit Palestinian refugee agency (UNRWA), which coordinates nearly all aid...Business
Abu Dhabi Chamber sets up working group to support startups, SMEs
ABU DHABI, UAE – The Abu Dhabi Chamber of Commerce and Industry (ADCCI) has formed a working group specifically for...Business Economy
Markets mostly rise ahead of crucial United States jobs report
Wall Street's three main indexes ended a volatile August on a tepid note Thursday after data showed the Fed's preferred...The labor report comes at the end of a week that has seen traders cheered by figures indicating the world's top economy is showing signs of softening.
Dealers also cheered the latest measures to help the property sector, which allow cities to cut down-payments for home buyers.
Estithmar opens new subsidiary in Jordan
The subsidiary was set up in partnership with a Jordanian company.In August, Estithmar Holding subsidiary Elegancia Healthcare established a branch in Iraq.
Estithmar Holding had signed agreements with the Iraqi investment authority worth $7 billion.
Agri-Nutrients SABIC, US firms together support sustainable farming
RIYADH, SAUDI ARABIA - Â Agri-Nutrients SABIC, in cooperation with the American companies ADM and BiOWiSH has helped farmers achieve high...Through these collaborative efforts SABIC aims to help reduce the carbon footprint in the agricultural supply chain.
Farmers will use SABIC's bio-fortified urea for the 2023 agri-nutrient season and enroll in ADM's Re:Generations program.
Saudi first quarter travel balance of payments surplus $6 billion
Riyadh, Saudi Arabia -- Saudi Arabia achieved a surplus of SAR 22.8 billion ($6.07 billion) in the balance of payments...The Kingdom had recorded a deficit of SAR 1.6 billion in Q1 2022, the Kingdom's Ministry of Tourism said.
Incoming tourism revenues increased by about 225 percent compared to the first quarter of 2022, to reach about SAR 37 billion.
UAE, New Zealand discuss economic cooperation, free trade pact
DUBAI, UAE – Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade discussed deeper economic collaboration,...The UAE and New Zealand already share a productive trade relationship, with non-oil trade reaching US$805 million in 2022.
UAE is New Zealand's leading trading partner in the Arab World, accounting for 2.5 percent of Wellington’s total foreign trade.
SABIC-Sinopec China plant opens
The plant is located in their jointly owned petrochemical firm.Sinopec SABIC Tianjin Petrochemical Company, established in 2009, consisting of nine manufacturing units.
The production capacity of the new polycarbonate factory is 260,000 tons per year.
Saudi Arabia’s consumer spending hits $27bn in July: Central Bank
Riyadh, Saudi Arabia -- Consumer spending in Saudi Arabia increased 2 percent to SAR 104.6 billion ($27.88 billion) in July 2023, from...Data showed 745.9 million transactions were processed through 1.64 million POS devices in July.
POS transactions represent what consumers spend using their ATM and credit cards in shopping malls, retail stores, pharmacies, etc.
China, US lift wind turbine sales: study
The study credited President Joe Biden's Inflation Reduction Act in the United States, which is designed to underpin a vast energy...Between January and June turbine orders for capacity reached 69.5 gigawatts, a 12 percent rise over in the first six months of 2022, according to research firm Wood Mackenzie
Total first half volume by value came in at $40.5 billion with a 47 percent rise in Chinese demand one of the key factors behind the push, the report said
ADNEC Group launches charter flights to Europe, Central Asia to draw tourists to Abu Dhabi
Abu Dhabi, UAE - ADNEC Group, through its tourism arm Tourism 365, has launched new charter flight services in the...The new service, available from Europe and central Asia, is poised to increase visitor arrivals to the UAE
The travel sector is expected to represent nearly 10 percent of the UAE's total economy by 2023
GCC facility management eyes 10% growth until 2030
Smart FM solution providers such as CBRE optimize FM workflows with virtual maintenance, automated maintenance, and dynamic services, focusing on...Smart FM solution providers such as CBRE optimize FM workflows with virtual maintenance, automated maintenance, and dynamic services
Energy conservation and operational efficiency remain key focus as .UAE FM market is set to grow from $7.14bn in 2023 to $9.87bn by 2028
