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
Renewables grow to meet global electricity demands: study
In its new analysis, energy think tank Ember compared data from the first six months of the year -- which...Renewable energy sources are seen as crucial in global efforts to combat climate change
The study found that global electricity demand grew by 389 terawatt hours (TWh) in the first half of 2022, while together wind, solar and hydro increased by 416 TWh
DMCC, Fresh Water Norway partner to expand water supply chain
The collaboration could see a staggering one billion litres of natural drinking water flow through Dubai every year, over a...The collaboration could see a staggering one billion litres of natural drinking water flow through Dubai every year, over a period of 50 years
Fresh Water Norway will be able to avail of DMCC’s services, global connections and network across supply chains and its ability to drive trade flows through Dubai
Wall Street stocks shine amid hopes of US policy pivot
US equities posted gains for a second straight session amid hopes of a US monetary policy pivot, after a bruising...The tech-rich Nasdaq Composite Index led the major indices, powering up 3.3 percent to close at 11,176.41
The Dow Jones Industrial Average rose 2.8 percent to 30,316.32, while the broad-based S&P 500 jumped 3.1 percent to 3,790.93
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.
