Qatar Central Bank issues treasury bills, sukuk worth US$686m
DOHA, QATAR - The Qatar Central Bank issued treasury bills and sukuk with maturities of one week, one month, three...Business Banking & Finance Designated Markets
Jordan, Morocco to launch hospitality training facility
A Jordanian-Moroccan hospitality and tourism training project will be launched in the Hashemite Kingdom as part of the strategic partnership...The Moroccan ambassador stressed on Jordan's pivotal role in joint Arab efforts and regional issues.
The envoy stressed on the partnerships between Jordan and Morocco in tourism, agriculture, renewable energy
President invites Swiss President to visit the UAE
President of the Swiss Confederation Ignazio Cassis, has received a written message from President Sheikh Mohamed bin Zayed Al Nahyan...The UAE is keen on strengthening bilateral relations with Switzerland
Sheikh Abdullah has delivered the written message of the UAE President to the Swiss President
DEWA smart services receive wide praise from customers
Dubai Electricity and Water Authority (DEWA) smart services have helped customers raise the efficiency of their electricity and water consumption...The customers praised DEWA’s efforts to provide all means to promote a culture of sustainability and raise awareness about protection of natural resources
They lauded the company's digital channels, including DEWA’s website and smart app, that help them to complete their transactions easily and smoothly
Qatar World Cup will be most luxurious yet, says hospitality firm boss
Jaime Byrom, who has sold millions of hotel rooms over 10 World Cups, said wealthy supporters will be flocking to...Jaime Byrom, who has sold millions of hotel rooms over 10 World Cups, said wealthy supporters will be flocking to the tiny Gulf state from around the globe
Packages range from $700 for a top ticket with a slap-up meal, to bills of a million dollars-plus for big groups staying in top hotels and watching several matches
OPEC sees demand for oil tanking this year
OPEC warns that the demand growth for 2023 will slow further to 2.7 million bpd, leaving its forecast unchanged from...OPEC said that the cut in growth forecast is attributed to the economic impact due to Russia’s invasion of Ukraine and high inflation
The global oil market, according to OPEC, is strongly rebounding to pre-COVID-19 levels
Saudi Electricity borrows $568m
The money will be used to fund Egypt interconnection project.Saudi Arabia and Egypt signed contracts for a $1.8 billion electricity interconnection project to ensure an exchange of 3,000 MW of electricity between both nations
The utility firm announced that it has also obtained a syndicated loan of $3 billion from a number of international banks
RAK Chamber members’ exports in Q2 2022 totaled $447m
The Ras Al Khaimah Chamber of Commerce and Industry issued its statistics for the second quarter of 2022, which showed...The report also showed that the number of certificates of origin issued by the chamber totaled 5,871.
A total of 326 plots were sold for $446 million, while 1,567 apartments and villas were purchased for $849 million
Julphar Q2 sales $114m
Net profit for the period reached AED5.2m (AED73.4 million in Q2 2021)EBITDA reached AED 44.2 million in Q2 2022 and the quarter marks a return to a double digit margin of 10.5 percent of net sales.
The drug manufacturer said the gross profit margin was 34 percent in Q2 2022.
Dubai records $2.6bn real estate transactions in week
A total of 2,433 real estate transactions worth $2.6 billion (AED9.7 billion) were conducted during the week ending 12th August,...A total of 2,433 real estate transactions worth $2.6 billion were conducted during the week ending 12th August, 2022
A total of 326 plots were sold for $446 million, while 1,567 apartments and villas were purchased for $849 million
ADDED launches incubators program for entrepreneurs
The Competitiveness Office of Abu Dhabi, part of the Abu Dhabi Department of Economic Development, has officially launched the 'Abu...The program aims to support individuals who wish to turn their ideas into innovative commercial opportunities
This incubator program is part of the 14 initiatives under the 'Abu Dhabi Innovates'.
