89% of Saudi CEOs hopeful of kingdom’s economic growth over next 12 months
Riyadh, Saudi Arabia - About 89% of CEOs in Saudi Arabia are optimistic about the country's economic growth over the...Business
‘World’s most efficient AC’
Strata, Hyperganic and EOS will partner to build the energy-efficient AC.Strata Manufacturing is a UAE-based Digital Factory pioneer, Hyperganic an AI-based engineering platform company EOS a German industrial 3D printing company.
Media reports said the partnership is a result of the Ministry of Industry and Advanced Technology’s efforts to facilitate industrial collaboration.
SARCO, Christof Global sign MoUs
Renewable energy projects costing $301 million will be built.The first project is to study an investment partnership to build a refinery producing the ‘biodiesel’ biofuel carbon.
The second project, aims to study the investment in the technology of slop oil to convert waste oil wells, oil from shipping ships.
Alpha Dhabi ups stake in Aldar
After the deal, Alpha Dhabi becomes Aldar's parent company.Aldar will be treated as a subsidiary in Alpha Dhabi's consolidated financial statements.
The additional shareholding came through the acquisition by Alpha Dhabi of an entity already holding shares in Aldar.
Saudi Arabia and Italy to deepen investment ties
Saudi Arabia and Italy will jointly explore investment opportunities in sectors as wide as finance, infrastructure and mobility, tourism and...The forum will focus on finance, infrastructure and mobility, tourism and culture, and renewable energy
It will serve as a platform for Italian investors to explore the support services available from Invest Saudi
Easy Metaverse norms to keep region ahead
The Gulf countries still need to develop more laws since the use of Metaverse and Blockchain will expand in only...There is a need for assessing the role and impact of Metaverse and Blockchain in the GCC region, says MILLION CEO Julien Hawari
GCC countries still need to develop more laws since the use of Metaverse and Blockchain will expand in only some regions, he adds
Algeria discovers ‘important’ gas deposit in Sahara desert
Algerian state energy firm Sonatrach announced Monday the discovery of an "important" deposit of gas condensate in the Hassi R'mel...The deposit is estimated to have between 100 and 340 billion cubic metres of gas condensate
In May, the Algerian firm signed a memorandum of understanding with Italian giant Eni to boost gas exploration in the North African country
‘Not enough GCC women employed in STEM sector’
Christine Harb, CEMEA Vice President of Marketing at Visa, believes that the workplaces should offer the right flexible benefits for...Christine Harb, CEMEA Vice President of Marketing at Visa, believes that workplaces should offer the right flexible benefits for women to join
The role of the women at the technological workplaces in the GCC is evolving with Metaverse, Harb said
Oil prices climb up as Wall Street stocks post losses
Oil prices bounced and Wall Street stocks declined Monday, reversing the most recent trends as markets eye the end of...The broad-based S&P 500, which has fallen about 14 percent since the end of the first quarter, shed 0.3 percent on Monday
Economists are increasingly pessimistic about the potential for US policymakers to engineer a "soft landing" as central banks tighten monetary policy
UAE strengthening exhibition sector: Al Midfa at CEO Summit
The Expo Center Sharjah participated in the “Global CEO Summit 2022” to improve international cooperation, and forecast the future of...The summit is organized by the Global Association of the Exhibition Industry (UFI) in Hamburg, Germany from June 22 to 24.
The Center stressed its presence at the summit reflects its keenness to follow up on the developments related to global exhibition industry.
Saudi-Italian space agencies ink pact on cooperation
The Saudi Space Commission and the Italian Space Agency sign a memorandum of understanding for enhancing cooperation in the field...Saudi Space Commission, Italian Space Agency sign an MoU to enhance cooperation in space-related activities for peaceful purpose
Federation of Saudi Chambers and General Confederation of Italian Industry ink an MoU to establish a joint Italian-Saudi business council
