Doha Bank bond issue oversubscribed four times
Doha, Qatar - Doha Bank has successfully issued $500 million in international bonds, garnering a total order book of $2...Business
Center to combat financial fraud inaugurated in Saudi Arabia
A Joint Operations Center for Saudi Banks tasked with following up and monitoring cases of financial fraud that bank customers...The center brings together all Saudi banks under one roof to improve the customer experience and tackle confirmed cases of financial fraud.
The Center’s establishment came from from the Saudi Central Bank’s support for the stability of the banking sector, said SAMA governor.
Ataa acquires Saudi firm Naba’a
The acquisition made through Ataa subsidiary.The financial impact will be visible on the financial results for the year ending on July 31, 2022.
In January 2021, Ataa inked a partnership agreement to acquire 52 percent of Riyadh-based Al Wasat National Schools for Training and Education Company.
Iraq and Kurdistan decide to talk to resolve oil dispute
The federal government in Baghdad and the autonomous Kurdish region pledged Saturday to "increase dialogue" to ease a simmering oil...The announcement came during a rare visit to the Iraqi capital by the Kurdish region's prime minister. Masrour Barzani, who had not visited Baghdad since 2019
The long-simmering dispute came to a head in February when the federal supreme court ordered Kurdistan to hand over oil extracted from its territories
UAE applauds grain export deal between Russia and Ukraine
The UAE has welcomed the agreement reached between Russia and Ukraine on the export of grain, and has applauded the...The Ministry of Foreign Affairs and International Cooperation reaffirmed that the agreement is a positive step that will contribute to enhancing global food security
The UAE President Sheikh Mohamed bin Zayed Al Nahyan today made a phone call to the President of the Republic of Turkey, Recep Tayyip Erdogan
EITC posts 26% jump in profit
The net profit rose to $82.5 million for the second quarter.The company's mobile customer base grew 13.0% to 7.4 million subscribers
It ended the quarter with 6.1 million prepaid customers
Al Dhaid Date Festival supports farmers to improve output
The four-day event is organized by the Sharjah Chamber of Commerce and Industry (SCCI).The positive changes in the 2022 edition resulted in increased competitiveness among palm owners and farmers.
It has attracted hundreds of participants, in addition to impressive turnout of visitors from all over the country.
Dubai’s labor body to expand schemes for welfare of workers
The Permanent Committee for Labor Affairs has reiterated its commitment to collaborate with private and social organizations to consolidate the...The Permanent Committee for Labor Affairs said it will collaborate with private, social organizations for progressive labor policies in Dubai
PCLA said it pursues workplace campaigns and community initiatives to improve workers’ standard of living and working
African Union lauds Russia for allowing Kyiv to resume grain export
Ukraine and Russia and two of the world's largest grain producers.Ukraine's farms are major source of grain for world market, particularly in Middle East and Africa.
Cereal prices in Africa have surged because of the slump in exports due to Russia-Ukraine war.
Saudi Arabia inks several deals at Farnborough airshow
The General Authority for Military Industries led and organized the Saudi pavilion under the slogan "Invest in Saudi."The national company for defense industries in the kingdom, SAMI, inked a deal with Airbus Helicopters Arabia.
The deal will help SAMI build its technical capabilities to provide technical support for helicopters for Saudi forces.
Saudi construction contracts jump to $12.3 billion in Q1
Saudi Arabia has seen a staggering increase in the award of construction contracts to the tune of $12.3 billion in...According to a US Saudi Business Council index which tracks spending in the sector, the kingdom has bounced back strongly after the sharp drop of 2020
The leading sector in awarded contracts yet again was oil and gas, totaling SR15.1 billion worth of contracts in the first quarter of this year
