India’s stock market edges out Hong Kong to become world’s fourth largest
New Delhi, UAE--India's stock market has edged out Hong Kong to become the world's fourth-largest, a milestone that underscores growing...Business
ASFAR, Municipality of Al-Ahsa sign agreement
RIYADH, SAUDI ARABIA - ASFAR, the Saudi tourism investment company wholly owned by the Public Investment Fund of Saudi Arabia,...Business Economy Tourism
Iran signs multiple trade deals with Oman during president’s visit
A delegation of 50 Iranian businessmen travelled to Oman last week, with Iran's minister for roads and urban development announcing...Both the countries signed 12 memoranda of understanding including in the fields of oil and gas.
Oman is seeking to import gas from Iran by building an offshore pipeline between the two countries.
Alpha Dhabi to invest in Borouge IPO
The conglomerate will invest $99 million as corner investor.Alpha Dhabi's investment comes as the company continues to scale its highly diversified portfolio, it said.
The company said petrochemical vertical remains a key target sector for it.
Multiply to invest in Borouge IPO
The company to make this investment at the final offer price set by Borouge.Borouge has adopted a comprehensive sustainability agenda with a strong focus on promoting a zero-waste plastics circular economy
It aims to reduce its Scope 1 emissions by 25 percent, its energy intensity by 30 percent and continuous flaring by 100 percent by 2030
Aramco, Etisalat top list of GCC’s valuable firms
Although the last several months have been hard for listed businesses in the Middle East, yet many have defied the...The banking and financial services sector has seen its worth grow much more than other sectors
Still, individual companies like Aramco of Saudi Arabia and Etisalat of UAE are by far the most valuable companies in the region
Trial of two Europeans for Iraq antiquity theft adjourned
An Iraqi court on Sunday adjourned for two weeks the trial of a Briton and a German man accused of...James Fitton, 66, a retired British geologist, and Volker Waldmann, 60, a Berlin psychologist, have been in custody since they were arrested on March 20 at Baghdad airport
The trial was adjourned until June 6 to allow time for further investigations, at the request of Waldmann's defense lawyer, Furat Kuba
Davos summit of global elites returns after two-year break
The Davos summit of global political and business elites returns Monday after a Covid-induced two-year break to face another momentous...The theme of the World Economic Forum, "History at a Turning Point", sets the tone for the four-day meeting in the glitzy Swiss mountain resort
More than 50 heads of state or government will be among the 2,500 delegates, ranging from business leaders to academics and civil society figures
Nayifat CEO resigns
Al-Sowailem resigned due to “personal circumstances."Al-Sowailem held the position of managing director and has resigned from his membership in the board of directors and committees
The company said it will announce any further developments relating to the appointment of a new or acting CEO at the earliest opportunity
World Cup police brace for ‘huge crowds’ in Doha
Controlling hundreds of thousands of football fans in Qatar's capital will be the biggest security challenge of World Cup 2022,...Unlike previous World Cups, where only two teams and their supporters would generally converge on one city at any given time, all the games will take place in and around Doha
Major General Abdulaziz Al-Ansari, head of Qatar's World Cup security operation, also acknowledged that the numbers were the main concern
Sharjah Consultative Council reviews plans to promote private sector
The Financial, Economic and Industrial Affairs Committee of the Sharjah Consultative Council (SCC) reviewed its strategic plans to promote the...Saif Mohammed Al Midfa, Chairman of the Council’s Financial, Economic and Industrial Affairs Committee, praised exhibition industry's achievements.
He said the council looked forward to enhancing the reputation of Sharjah as a regional hub for prospective investments.
DEWA research facility registers patent for drone charging system
Dubai Electricity and Water Authority’s (DEWA)’s Research & Development Centre has registered a new patent for an Unmanned Aerial Vehicles...The system enables continuous charging for UAVs, providing longer flying hours with a large storage capacity.
DEWA said the system can be used for government, military, commercial, and personal operations.
