The oil ministry and Iranian businesses signed deals worth $13 billion to increase daily oil production in six major fields....
The oil and gas strike is the first of 2024.
The 89.49% stake in Giza Systems will cost it $158m.The company had entered a binding deal for the takeover of the stake in Giza Systems in addition to 34 percent of its unit, Giza Arabia
The transaction is expected to be completed by the fourth quarter of 2022
The study highlighted how the government sector in the kingdom has almost completely converted to electronic payment methods for all...The use of electronic payments increased to 62 percent last year from 44 percent in 2019 across all areas of economic activities
When it comes to the business sector, the share of electronic payments reached a substantial 84 percent of all business payments in 2021, up from 51 percent in 2019
Real GDP increased at a growth rate of 11.8% in Q2 2022, driven by the significant increase in oil activities...The report says Saudi Arabia's economy and GDP are on an upswing due to several factors
Even the World Economic Outlook July 2022 projected the Kingdom to record highest GDP growth among G20 countries.
The profit fell to $5m in HI due to rising cost of raw materials.The food company said the devaluation of the Egyptian currency also weighed on profits from its subsidiary in Egypt
The rising raw material costs and increased marketing costs due to global inflation were also responsible for weaker financial results
The company completed its earlier investment program during the period between the second quarter of 2020 and Q2 2022.The company completed its earlier investment program during the period between the second quarter of 2020 and Q2 2022
It invested in diverse sectors with a proven track-record of growth and strong financial position
The first phase of the project includes organizing field visits and inspection campaigns, as well as electronic or digital follow-up...SCTDA has mandated that the residential units be rented out on a rotational basis, regularly.
The project will also empower prospective users with a new source of income recognized by the Government of Sharjah
In a positive development, the cosmetic industry at large is becoming greener. Approaches, however, are not always uniform or holistic...In a positive development, the cosmetic industry at large is becoming greener. Approaches, however, are not always uniform or holistic across the board, say experts
Greenwashing generates skepticism in consumer mind when they find out that something they thought was true is not, add industry players
Russia has come under increasingly tough sanctions since its February invasion of Ukraine, while Iran has faced stringent sanctions reimposed...The two countries have responded to the sanctions by boosting cooperation in key areas to help prop up their economies.
"We are going to pay special attention to the Russian market, and we are also thinking of partnering with Russian investors," said Iran Khodro CEO Mehdi Khatibi.
Improvement in underwriting and investment push profits up.The company said the rise in net profit was due to the improvement in the Group’s underwriting and investment performance compared to the same period last year.
The total assets for the first half of the current year reached KD 1.34 billion, compared to KD 0.8 billion, an increase of 67.3 percent.
Dubai’s Roads and Transport Authority (RTA) announced that the number of riders using public transport and shared mobility clocked nearly...The number of riders using public transport was 36 percent for Dubai Metro and 29 percent for taxis
March 2022 was the busiest of all months recording 62 million riders
