Construction in China-Saudi Arabia ethylene project begins
FUZHOU, CHINA - Construction of the main complex of a joint-investment ethylene project, which involves petrochemicals giant Saudi Basic Industries...Business Economy Geostrategy
Twitter users vote to oust Elon Musk as CEO
Analysts have also pointed out that the stock price of Tesla has slumped by one-third since Musk's Twitter takeover. The...A total of 57.5 percent of more than 17 million accounts voted for him to step down
Musk has fully owned Twitter since October 27 and has repeatedly courted controversy as CEO
London Arabic bookshop to shut after 45 years
The announcement on December 5 that the bookshop will close at the end of this month prompted an avalanche of...Al Saqi Books is another victim of the pandemic, and the economic upheaval in the UK and Lebanon
For more than 40 years, many writers have come to the London bookshop to present their works, including Syrian poet Adonis
In its pivot to East, GCC solidifies trade ties with China
As the Gulf nations look to deepen economic partnership with China, the US, the region's dominant security force, watches with...China became the largest trading partner of the GCC in 2020
Its trade volume with the GCC reached about US$180 billion, accounting for more than 11% of the GCC's total foreign trade
Arada awards contracts worth US$256m to build 986 homes
Sharjah, UAE-- Arada has awarded two major contracts totalling $256 million to build 986 new homes across two residential districts...The contract to build 421 villas and town-houses in Masaar’s second residential phase was won by Pivot Engineering & General Contracting
Masaar was officially inaugurated in September by Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah
Saudi Arabia, UAE lowest-risk investment havens in the ‘riskiest’ Middle East and Africa region
The region was ranked the riskiest by the Global Risk Report Quarterly Update. But the GCC region stood out, offering...In Africa, Morocco, Botswana and South Africa were the low-risk investment destinations, in that order, as far as the macroeconomic risks are concerned.
Syria, Yemen, and Libya were on the list of the highest-risk countries in the third quarter.
Sharjah, Belgium discuss enhancing ties
SHARJAH, UAE - A Belgian delegation met with Sheikh Majid Al Qasimi, Director of the Department of Government Relations (DGR)...The two parties agreed on organising a Sharjah delegation visit to Belgium for strengthening bilateral relations.
the Belgian Ambassador to the UAE expressed his interest in visiting universities in Sharjah to discover more partnership opportunities.
Aramco, SABIC sign pacts
They will explore refining and petrochemical projects in China.Aramco and Sinopec have signed heads of agreement for a greenfield project in Gulei in Fujian province.
Additionally, Aramco, SABIC and Sinopec signed an MoU to study the economic and technical feasibility of developing a new petrochemical complex.
UAE takes part in 17th Asia Pacific Regional Meeting of ILO
SINGAPORE - The UAE has participated in the 17th Asia Pacific Regional Meeting of the International Labor Organization (ILO) in...Over 500 representatives of governments, labor organizations and companies from 33 countries took part in the meeting.
The meeting discussed labor priorities and ways to promote employment in the Asia Pacific.
European Investment Bank lends Tunisia $229 million for food, power needs
Dubai, UAE--The European Investment Bank has granted Tunisia a 216 million ($229 million) loan to support its food security and...The Tunisian government signed an agreement with the bank, under which 150 million euros will be granted to support its food security.
Another 66 million euros will be granted to support the company's program for developing infrastructure related to strengthening and expanding the power sector.
Musk polls Twitter users on his future as CEO
The unpredictable billionaire posted the poll shortly after apparently acknowledging he had made a mistake banning Twitter users from promoting...In Twitter exchanges with followers, Musk said he did not have a replacement lined up
In a downbeat response, Musk said Twitter was "in the fast lane to bankruptcy
