Saudi Arabia announces major gas discovery in Jafurah
Riyadh, Saudi Arabia--Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman bin Abdulaziz revealed on Sunday that an additional 15 trillion...Business Economy
Facial recognition helps GCC banks verify, curb frauds
The new technology is the most accurate form of identity verification since biometric data is incredibly hard to fake or...The new technology is the most accurate form of identity verification since biometric data is incredibly hard to fake or replicate, and faces cannot be lost, says an expert
Facial recognition also aids in post-fraud proceedings and fraud prevention, allowing the bank to divert resources into other areas adds Anton Nazarkin of VisionLabs
Maaden to supply phosphate, ammonia to four Indian firms
The Saudi Arabian Mining Company, Maaden, Thursday signed four memoranda of understanding with Indian fertilizer companies to supply phosphate and...The company signed MoUs with top Indian companies, under which they will discuss ways to enhance joint cooperation in various fields of growth,
Ma'aden today exports about 1.7 million tons of phosphate and ammonia products to the Indian market annually.
Jordan, GCC countries discuss higher education cooperation
Joint Jordan-Gulf Cooperation Council (GCC) working group on the higher education held talks on cooperation and exchange of expertise at...The meeting decided that the Jordanian side would draft executive programs and memoranda of understanding (MoU).
The programs would prioritize areas of academic, student, research collaboration and expertise exchange.
Saudi to provide multiple entry visas for tourists during world cup
The move comes as Qatar, which has a population of 2.8 million, tries to accommodate an expected 1.2 million visitors...People with a Hayya Card, reserved for ticket-holders and used to access Qatar during the tournament, will be able to apply for the electronic visas.
The Gulf power shares a land border with gas-rich Qatar, which is hosting the first World Cup in the Middle East and the first held in winter months.
Bahri, stc sign logistics deal
Customs clearance assistance is part of the agreement.The stc group has operations in Saudi Arabia, Kuwait, Bahrain, and Oman.
The contract was signed by Soror Basalom, President of Bahri Logistics and Ali Alhudhayf, Acting VP of Human Resources and Logistics Support at channels by stc.
Abu Dhabi to launch blockchain, virtual assets strategy
The Abu Dhabi Blockchain and Virtual Assets Committee (ADBVAC) held its first meeting under the chairmanship of Mohamed Ali Al...The Abu Dhabi Blockchain and Virtual Assets Committee has been formed to look into various aspects of the field
The committee comprises representatives of major entities and stakeholders active in this field
ENEC hosts top performing students from Al Dhafra region
The Emirates Nuclear Energy Corporation (ENEC) has hosted a recognition ceremony at the Barakah plant for top-performing students from the...The hosting of students reflects ENEC's stand to provide UAE youth with skills to become future leaders of the nation's growing nuclear energy sector.
The event include an educational tour for students to visit Barakah Plant, the first multi-unit operational nuclear plant in the Arab World.
Dubai real estate market’s July performance best in decade
Dubai real estate market recorded a total of 7,092 transactions in July 2022, which is its best performance in the...A total of 7,092 transactions in July 2022 overtook July transaction’s peak in 2013 which recorded 5,024 deals.
The secondary market recorded the largest transactions, up by 59 percent in terms of volume and 70.60 percent in terms of value.
Raydan posts loss of $6m in H1
The Saudi food company's revenue shot up to $21.33m.Its accumulated losses, however, hit $47.73 million at the end of the first six months of the year, representing 53 percent of its capital which amounted to $90.13 million
According to a bourse filing, the company saw its first-half revenue surge 22 percent to reach $21.33 million
KHC’s profit vaults by 1,162%
Kingdom Holding Co. posted $1.7 billion profit in H1.KHC’s revenue more than doubled to $320 million during the same period, thanks to higher hotel and property sales
During the first half of the current year, KHC closed an $3.41 billion investment program, following the sale of shares to the Saudi sovereign wealth fund
