89% of Saudi CEOs hopeful of kingdom’s economic growth over next 12 months
Riyadh, Saudi Arabia - About 89% of CEOs in Saudi Arabia are optimistic about the country's economic growth over the...Business
Dubai’s real estate soars with notable market growth
The emirate's residential market witnesses an 18% sales surge and a 26% rental increase due to investor confidence and a...Business
Saudi crowdfunding platform Jood Eskan enters Guiness World Records
Dubai, UAE -- The Charitable Jood Eskan Subscription, Saudi Arabia's campaign for providing housing for low-income families, has entered the...The Jood Eskan crowdfunding platform was launched in 2019 to provide housing for families in need in 2019 by the kingdom's National Developmental Housing Foundation (Sakan).
The Charitable Jood Eskan Subscription, a campaign launched during Ramadan, realizing the highest target for an electronic charitable campaign in one month.
Arada to create Middle East’s first new sustainable water treatment
SHARJAH, UAE- Arada is investing in a new research and development (R&D) facility here, bringing a new form of sustainable...The long-term goal for the facility will be to create an improved ‘Biopolus 2.0’ version of the technology, while also turning Sharjah into a global hub for the process
The modular, flexible, and odor-free nature of the Biopolus technology means that each plant can be placed directly in any urban environment
Air France, Airbus acquitted over 2009 Rio-Paris crash
PARIS, FRANCE - Air France and plane manufacturer Airbus were acquitted Monday over the 2009 crash of a Rio-Paris flight after...The two companies went on trial in October to determine their responsibility for the worst aviation disaster in Air France's history.
If convicted, Air France, Airbus would have risked a fine of US$250,000 as well as significant reputational damage.
MBME lists on ADX
The firm provides customized digitalization solutions.MBME Group operates the region’s largest online utility and government services payment platforms.
It became the 14th company to list on the ADX Growth Market, which delivered robust performance last year.
Sega to buy Rovio
The deal is worth more than $770 million, the companies said.The deal would mark the end the independence of Finnish mobile game makers, which burst into the scene when Rovio launched its slingshot-bird game more than a decade ago.
The bid by Sega, famous for its own animal character, Sonic the Hedgehog, is also the latest high-profile acquisition in the gaming sector.
Stocks mixed, dollar firms on rate-hike fears
Stock markets traded mixed as last week's optimism gave way to worries that central banks may wait longer than expected...The dollar firmed on prospects of more US rate-tightening and oil prices slipped.
Cooler inflation is said to have eased the pressure on the European Central Bank.
Delegation highlights investment opportunities in Ras Al Khaimah
RAS AL KHAIMAH, UAE - A delegation from Ras Al Khaimah Economic Zone (RAKEZ) has concluded its visit to Russia...RAKEZ delegation met people from construction, manufacturing, information technology and fast-moving consumer goods trading.
The audience in Russia was keen on exploring sectors such as cement, building materials, engineering services and raw materials trading.
Jordan’s tourism income grows by 88.4 percent in first quarter
Dubai, UAE – Jordan’s tourism revenue increased by 88.4 percent in the first quarter of 2023 to reach 1.18 billion...The revenue reached 1.18 billion Jordanian dinars ($1.66 billion) as nearly 1.5 million tourists visited the country.
Jordan as a whole received 4.6 million visitors in 2022 -- almost four times the level from 2020 -- earning the country $5.3 billion.
G42 and Mubadala announce launch of M42
Abu Dhabi, UAE - G42, an Abu Dhabi-based AI technology holding group, and Mubadala Investment Company on Tuesday announced the...M42 combines G42 Healthcare’s medical and data-centric technologies with Mubadala Health’s patient services and facilities "to provide personalised, and preventative care."
In October 2022, G42 Healthcare and Mubadala Health announced that they had joined forces to create a new, integrated healthcare technology powerhouse.\
Saudi Arabia and Netherlands discuss export of clean hydrogen to Europe
Riyadh, Saudi Arabia-- Saudi Arabia and the Netherlands have discussed the possibility of exporting clean hydrogen from the kingdom to...The two also discussed the kingdom's efforts in clean energy and climate change through its local and regional initiatives
In a separate meeting, the Saudi Foreign Minister Prince Faisal bin Farhan and the Dutch minister reviewed the bilateral relations between the two nations
