ESG 2023 net profit at US$187m
The firm posted a year-on-year net profit rise of 316 percent.Company News Business
At 10% growth, Saudi banking sector shows resilience
With Vision 2030 steering the economic diversification, Saudi banks face challenges and opportunities in liquidity, asset quality, and navigating geopolitical...Business Banking & Finance
Saudi Crown Prince launches program to make KSA investment hub
Saudi Crown Prince, Prime Minister and Chairman of the Council for Economic and Development Affairs Prince Mohammed bin Salman bin...GSCRI will help enable investors to benefit from the Kingdom's resources, capabilities and support and develop these value chains.
It will also build successful investments, which will give greater flexibility to economies, businesses and consumers around the world.
Jordan to host 2022 OSCE Mediterranean Conference
AMMAN, JORDAN - Jordan will Monday host the 2022 Organization for Security and Co-operation in Europe (OSCE) Mediterranean Conference, organized...The two-day meeting in the Dead Sea region will bring together representatives from 57 OSCE countries and six Mediterranean countries.
These countries will discuss advancing security and cooperation in the region through dialogue with the OSCE Mediterranean Partners for Cooperation.
S. Korea, Arab nations to hold new round of FTA talks
SEOUL, S. KOREA - South Korea and a group of Arab countries will hold another round of negotiations for their...South Korea and the Gulf Cooperation Council (GCC) will begin the sixth round of official talks for a bilateral free trade agreement.
Goods and services trading, country of origin, digital trade and intellectual property rights will be discussed.
Growing ‘Davos in the Desert’ a sign of Saudi clout
The Future Investment Initiative (FII) was launched in 2017 as an economic coming-out party for the world's largest crude exporter,...This year's FII, often referred to as "Davos in the Desert", comes after a months-long process of re-engagement with the West by Prince Mohammed
This year, however, US officials were not invited, something Attias said reflected a broader push to keep the focus on business leaders rather than politicians
Qatar Chamber to build trade and economic ties with Benin
Doha, Qatar— Qatar Chamber has signed an agreement with the Benin Chamber of Commerce and Industry to develop economic and...The agreement was signed by the First Vice-Chairman of the Qatar Chamber Mohammed bin Twar Al Kuwari and the President of the Benin Chamber Arnauld Akakpo
The agreement also aims to expand the scope of measures to assist and facilitate the visits of mutual delegations and work to establish a framework for cooperation
Visits, talks boost GCC-Asia trade ties
Traditionally, GCC trade was focused on the West. However, now it is moving to the East. This eastward shift is...China sees the Gulf countries as natural partners in implementing its Belt and Road initiative
Relying on Asia is a positive strategy that exposes GCC economies to strong countries like China, India, and others
‘Exhibitions important platform to market Jordanian products’
At least 11 Jordanian food processing companies took part in the SIAL Paris 2022 trade show, the Jordan Exporters Association...Representatives of the Jordanian companies described their participation in SIAL Paris 2022 as successful and important.
The event helped in promoting the Kingdom's products and opening new markets for Jordanian goods.
ADX records 16.9% surge in FADX 15 during first three quarters of 2022
The traded values (short and long trades) on the exchange reached $177 billion compared with $134 billion during the same...The traded values reached $177 billion compared with $134 billion during the same period last year
The growth was driven by a rising number of institutional and individual investors on the exchange
ACWA Power to start Oman project
It will build the $7bn project with Oman and a US firm.The three companies signed a joint development agreement for the multibillion-dollar facility in May this year
The project is expected to replicate processes put in place for a similar hydrogen and ammonia facility being developed in the $500 billion futuristic city NEOM
UAE signs deals worth US$70m to produce medical equipment
The UAE has signed agreements to the tune of $70.8 million with medical companies to manufacture medical equipment at home.PureHealth will work with Abu Dhabi Medical Devices Company (ADMD) to establish a medical supplies production line in Abu Dhabi
Borouge will provide raw materials while Abu Dhabi Ports Group will provide industrial land for the production of medical syringes, administration devices
