Egypt signs several MoUs with global developers in renewable energy
Cairo, Egypt--Egypt has signed seven Memoranda of Understanding (MoUs) on Wednesday in green hydrogen and renewable energy with seven global...Business
Saudi real estate sees new era of growth, innovation
The Kingdom's property sector is driven by a projected $3 trillion GDP by 2030 and evolving consumer preferences towards homes...Business
Switzerland to buy 36 US F-35 stealth fighter jets for $6.2 billion
Switzerland signed a controversial contract on Monday to buy 36 US F-35 stealth fighter jets at a cost of more...Switzerland joins a growing number of European countries which have opted for the stealth multi-role combat aircraft, including Belgium, Britain, Denmark, Finland.
Swiss voters had narrowly approved in September 2020 spending 6 billion Swiss francs to replace the country's fleet of ageing fighter jets
Record volume handled by Saudi ports in eight months: Mawani
Riyadh, Saudi Arabia---Saudi Ports Authority (Mawani) handled record tons of volume at the Kingdom's various ports from Jan-Aug this year....Against the 187 million tons during the Jan-Aug period in 2021, Mawani said Saudi ports handled more than 212 million tons this year, an increase of 13.59 percent.
Saudi ports, which handle 90 percent of the Kingdom’s exports and 70 percent of its imports, received 538,265 cars between January and August,
Treated sewage water improves wheat growth, production in UAE
A study by an Emirati researcher has shown that wheat growth can be accelerated and production improved using treated sewage...The highest wheat productivity rate was achieved when using treated sewage water.
key factors that improve wheat quality are the fertility of the soil, which must contain important nutrients and the quality of irrigated water.
Dubai reduced carbon emissions by 21 percent in 2021
The Dubai Supreme Council of Energy had a virtual meeting in which it was revealed that Dubai had reduced carbon...The Dubai Supreme Council of Energy in a meeting discussed increasing the share of solar energy.
The meeting deliberated waste recycling in power and water production, industry, ground transport and waste treatment.
Bahrain central bank’s $185m treasury bills oversubscribed 216%
Manama, Bahrain—Bahrain’s latest government treasury bills, valued at Bahrain Dinar 70 million ($185 million), have been oversubscribed by 216 percent....The bills, carrying a maturity of 91 days, are issued by the Central Bank of Bahrain, on behalf of the Bahrain government.
The issue date of the bills is 21 September 2022 and the maturity date is 21 December 2022.
UAE financial restructuring body holds second meeting
The UAE finance ministry's Financial Restructuring Committee (FRC) recently held the second meeting of its Consultative Council.The meeting discussed the development of the financial reorganization service.
It deliberated on the best ways to communicate relevant information about financial restructuring procedures.
IHC acquires stake in Burjeel
The 15% stake in Burjeel will diversify healthcare investment.IHC’s revenue grew by 121 per cent to AED21.93 billion in the first six months of 2022, compared to the same period last year.
The company invested AED7.3bn ($2bn) in the Indian conglomerate, Adani Group, and also acquired a 70 per cent stake in Arena, the global event structures and services company.
Women complain of bias in accounting profession in MENA
In a diversity, equity, and inclusion (DE&I) study in the MENA accounting profession, 63 percent of women across each of...The diversity, equity, and inclusion (DE&I) research study focuses primarily on gender, nationality, and ability within the MENA region
83 percent of respondents with a disability and 53 percent of female respondents have left an employer due to a lack of DE&I
APICO to list on Nomu
The Arabian Plastic will offer 1m shares at $7.19 per share.According to a bourse filing, the offering coverage was 15.43x of the total shares offered during the subscription period
Yaqeen Capital, the financial adviser and lead manager, will finalize the required procedures with the Saudi Stock Exchange and will determine the date for listing of the shares
Dubai’s RTA earns US$10.12m from auction of number plates
Dubai's Roads and Transport Authority (RTA) fetched $10.12 million from the auction of distinctive vehicle number plates at Grand Hyatt...The sale topper was Plate (AA 13), which was exchanged for $1.20 million, followed by Plate (U 70) which was sold for $816,882 Plate (Z 1000) brought back $601,769
By offering distinctive licensing plates at open or online auctions, RTA seeks to provide a neutral and transparent platform that avails fair opportunities to all bidders
