Boursa Kuwait posts $51m net profit
Operating profit for 2023 was recorded at US$59 million.Company News Business Economy
MENA print media revenues fell 30% from 2018 to 2022: survey
The report stresses the urgent need for MENA news organizations to overhaul business models, adopt digital strategies, and diversify content...Business Tech & Media
Doha Port receives Costa Toscana, marking start of cruise season
Doha, Qatar--Doha Port has received the Italian cruise ship Costa Toscana of Costa Cruises, as part of the cruise's first...The cruise ship has a capacity of about 6,500 visitors, and features a water park, 13 swimming pools and hot tubs, 13 restaurants and 19 entertainment lounges
Maryam Saoud added that Costa Toscana is one of the cruise ships that are powered by natural gas, which demonstrates the commitment to sustainability
Mawani, MARASI ink pact to establish Seafarers Club in Saudi ports
Mawani has been working to strengthen the position of Saudi ports as a part of the Kingdom’s National Transport and...Mawani has been working to strengthen the position of Saudi ports as a part of the Kingdom’s National Transport and Logistics Strategy
The Seafarers Club will have various amenities including a hotel, call centers, cafes, entertainment halls, multiple restaurants, a food commodity store
Middle Eastern SWFs eye Europe, US for cheap assets
The region's SWFs more than doubled their investments in Western economies to $51.6 billion in 2022 from $21.8 billion a...The region's SWFs more than doubled their investments in Western economies to $51.6 billion in 2022 from $21.8 billion a year earlier, says the latest Global SWF report
The momentum of Middle Eastern SWFs, especially in GCC, remain strong due to an average oil price of $99 per barrel and the peg of their currencies to the dollar, it adds
15 top panels to discuss defense advancements in IDEX, NAVDEX 2023
ABU DHABI, UAE - IDEX and NAVDEX 2023 exhibitions, to be held from February 20-23 in Abu Dhabi, will host...The panels will feature prominent leaders and decision makers from around the world
The panels are an ideal platform for facilitating discussions about relevant focus areas in the defense and naval defense sectors
UAE, Korea discuss partnership in renewable energy, technology
The two sides discussed various paths of cooperation and development in the investment, economic, scientific, cultural and advanced technology fields.The two sides discussed various paths of cooperation and development in the investment, economic, scientific, cultural and advanced technology fields.
Both the countries also reviewed partnership in renewable energy and other vital areas of interest within their two countries' future plans.
Majid Al Futtaim among firms to halve real estate emissions by 2030
These companies also pledged to reach net-zero carbon no later than 2050. With buildings contributing 38 percent of all energy-related...Avison Young, Edge, GPFI Group, Ivanhoé Cambridge, JLL Schneider Electric and Signify were the other firms that pledged the emissions cut.
These firms will meet these targets by implementing the Forum’s Green Buildings Principles, which provides a sequence of steps to deliver net-zero carbon real-estate portfolio.
WEF’s Open Forum from Jan 16-20 to focus on global environment
DAVOS-KLOSTERS, SWITZERLAND  – As part of the World Economic Forum Annual Meeting 2023, this year’s Open Forum Davos from January...Leaders from all walks of life will explore opportunities and solutions for the many environmental crises that the world is facing.
The meet will discuss the lessons the world has learned, and the biggest challenges the people face in the fight to stabilize the climate.
Baghdad-Amman oil pipeline will soon be functional, says Iraqi Parliamentary Speaker
BAGHDAD, IRAQ - Iraqi Parliamentary Speaker Mohammed al-Halbousi said that an oil pipeline from Basra port to the Jordanian port...Iraq and Jordan will form joint parliamentary committees to overcome legislative impediments to projects.
The Jordanian delegation held a series of meetings with Iraqi officials.
UAE launched clean energy projects worth $43 bn in 2022: Minister
UAE Minister of Energy Suhail bin Mohammed Al Mazrouei highlighted the UAE Energy Strategy 2050, the first unified energy strategy...UAE’s clean energy production in 2021 totaled 7,035.75 megawatts (MW), underscoring the country's efforts in the clean energy sector.
The minister said that once commercially operational, the third reactor will add another 1,400 MW of carbon-free electricity to the UAE's electricity grid.
Sharjah Chamber continues boosting the Emirate’s competitiveness
SHARJAH, UAE - Sharjah Chamber of Commerce and Industry (SCCI) in 2022 continued its role in creating investment environment and...Sharjah Chamber bolstered its competitiveness by protecting the interests of businessmen and supporting its members in the private sector.
The Chamber contributed to the growth of the local economy across all sectors, promoting export and re-export activities of its members
