Investors eye UAE’s booming sustainable finance sector
"Numerous opportunities exist in sustainable investments, especially in sectors like building systems, renewable energy, water, food and agriculture, shipping, among...Business Banking & Finance Uncategorized
Vodafone Q3 revenue dips
Poor display across Italy, Spain is said to be the reason for loss.Company News Business
Saudi rebate program discussed at Venice festival
A seminar organized at the film festival discussed the kingdom's cash rebate program, which is aimed at attracting international producers...The officials said there is a high level of coordination between government agencies and the private sector to build the film industry.
Last May, the Commission launched a cash rebate program to support films with up to 40 percent of the financial refund.
Saudi Arabian government body launches strategy 2022-2025
The National Center for Government Resources Systems (NCGR) launched its comprehensive strategy (2022-2025).The strategy is based on four main pillars which include raising the efficiency and effectiveness of the government in managing its resources.
It also involves maximizing benefit of NCGR's resources, superiority in providing and using data to support decision-making, excellence in risk management.
Saudi SMEs authority and Aramco center sign cooperation pact
Riyadh, Saudi Arabia—Saudi Arabia’s General Authority for Small and Medium Enterprises (Monsha'at), has signed a cooperation agreement with Aramco’s Center...The two sides will provide shared office spaces, financial grants, and business development and mentorship programs to enable SMEs to enter the market.
Monsha'at works to organize, support and sponsor the small and medium enterprises sector in the Kingdom in accordance with best practices.
FAB, Silver Birch announce partnership
They will offer inventory solutions to their local, international clients.This partnership enables FAB and Silver Birch to offer various inventory solutions to suit specific client needs.
Silver Birch, headquartered in the UK, is a specialist working capital structuring, advisory and execution firm.
Dubai road-toll operator Salik’s IPO to sell 20% shares
According to its intention-to-float document, the company is selling 1.5 billion shares and the offer price will be confirmed on...According to its intention-to-float document, the company is selling 1.5 billion shares and the offer price will be confirmed on September 22
The Salik electronic toll collection system was introduced in Dubai in 2007 to ease congestion in the regional trading hub
OPEC+ to meet in order to adjust quotas for October
Faced with a bleak global economic outlook, the OPEC+ countries are expected to agree a modest increase in oil production...Far from their highs near $140 a barrel, Brent North Sea crude and US WTI crude prices suffered their third consecutive monthly decline in August
Matthew Holland of Energy Aspects said a cut in production would come up at the next meeting in October
Jahez posts profit of US$14.2m
The food delivery platform saw rise in orders on its app in H1.Jahez said the profit surge was mainly driven by a revenue jump of 60 percent to $207 million, from $129.60 million in the corresponding period last year
Orders made through the app surged by 46 percent to 31.5 million during the six months, as the average number of users soared by 48 percent
Iraq looks to neighbors for energy to overcome crunch
Looking to tide over the persistent problem of a lack of energy supply in the country, particularly in the summer...Ahmed Moussa, spokesman for the ministry, said that the electrical connection with neighboring countries will not achieve self-sufficiency for the national system
He said the final operation was signed with Turkey to pass 300 megawatts, but the rise in electricity prices and the rise in demand for gas hampered the implementation
Saudi PIF launches new company to digitize real estate sector
The Public Investment Fund has launched a new company aiming to digitize and develop the local real estate sector through...Saudi Arabia has set an ambitious target of raising home ownership rates in the kingdom to 70 per cent by 2030 under the Sakani program
According to the Ministry of Housing, the home ownership rate rose to 60 per cent in 2020 from 47 per cent in 2016
Recent floodings in UAE call for sustainable infra
It is a wake-up call that warns of a bigger disaster in cities like Dubai and Abu Dhabi if quick...It's a wake-up call that warns of a bigger disaster in cities like Dubai and Abu Dhabi if quick steps aren't taken to deal with heavy rainfalls, Dake Rechsand CEO tells TRENDS
'The existing greenscape and bluescape infrastructure are less suitable for handling excessive rain. Therefore, we are witnessing floods,' Chandra Dake adds
