stc Group inks several pacts
The pacts were signed at the PIF’s Private Sector Forum.Company News Business Economy
Tennis sensation Ons Jabeur enters second round at home
The 28-year-old, whose ambition is "to be a good example for all the young people who follow her" has won...The Monastir tournament, staged on the central coast of Tunisia, is just the second women's professional circuit organized in Africa
The world number two took 73 minutes to dispatch her 67th ranked opponent in their first meeting
After long renovation, Qatar reopens Museum of Islamic Art
Looking to showcase Islamic culture and art and history, Qatar has unveiled its landmark Museum of Islamic Art after an...Constructed on a purpose-built island on Doha's waterfront promenade, the building is the work of the late US architect I.M. Pei
Qatar has spent billions of dollars on new stadiums for the first football World Cup in an Arab country, which kicks off on November 20
Riyadh Chamber hosts Saudi-Russian business meeting
The Riyadh Chamber hosted a meeting in which 23 Russian companies and representatives of the Saudi Arabian business sector participated.The meeting stressed the importance of commercial relations between Saudi Arabia and Russia.
Businesses can benefit from investment opportunities and partnerships in the two countries.
Mawani, Globe Group to set up logistics zone at Jeddah port
Riyadh, Saudi Arabia--Saudi Arabia's General Authority of Ports (Mawani) has signed a contract with Globe Group, a marine services company,...The integrated logistics zone and a re-export zone in Jeddah Islamic Port will be constructed on an area of ​​135,000 square meters.
Mawani said the logistics zone will enhance the port’s competitive advantage and support national companies specialized in the logistics sector.
Germany to continue with $198bn energy fund despite EU criticism
Germany pushed back against critics of a 200-billion-euro ($198-billion) energy fund, as Berlin faces fresh accusations it is going it...France and key members of the European Commission are asking for EU-wide solutions to the energy crunch aggravated by the Ukraine war.
They fear that European countries with high debts cannot afford the largesse demonstrated by Germany, the EU's biggest economy.
UAE free zone residence visas now valid for two years
The visas currently under process, even those in the last stages of completion, will also be valid for two years...The decision comes into effect from October 3, 2022. Earlier, the residence visas were valid for three years.
The UAQ Free Zone says that all residence visas or Emirates IDs issued for three years will be valid until renewal.
Asian, European markets surge on interest rate hopes
Asian and European stocks rallied and the dollar dipped as weak US data sparked hopes the Federal Reserve could ease...Monetary tightening by Federal Reserve and other central banks has raised fears that it could plunge countries into recession.
Eurozone manufacturing survey data showed a contraction on the back of the region's ongoing energy crisis.
Multiply Group buys 80% of IEH
Firm aims to expand its utilities, energy investments.Multiply Group had recently invested US$2.7 billion in a 7.3 percent stake in the Abu Dhabi National Energy Company.
Other investments include 100 percent ownership of PAL Cooling Holding, one of the top players in the UAE’s district cooling industry.
Twitter to roll out edit feature for Blue subscribers
The long-awaited feature to edit tweets is being rolled out to those subscribing to Twitter's Blue service in Australia, Canada...The tool will let users edit a tweet up to five times within 30 minutes of initially posting, Twitter said
An aim of the tweak is that "Tweeting will feel more approachable and less stressful," Twitter said while testing the feature
Arada awards two contracts
Under the $123m project, nine apartment blocks will be built.Consisting of 740 homes in total, the buildings include the five Sokoon blocks, two new apartment blocks located close to Aljada’s museum and the two Gate buildings.
Valued at AED377 million, the contract to build the five Sokoon apartment buildings and the two apartment blocks located next to the museum was won by Airolink Building.
