MODON attracts US$34m investment to develop military industry in Saudi Arabia
RIYADH, SAUDI ARABIA - The Saudi Authority for Industrial Cities and Technology Zones (MODON) has attracted new investments worth US$34...Business
US President says ExxonMobil ‘made more money than God’
President Joe Biden on Friday slammed ExxonMobil for not producing more oil, as soaring gas prices deplete Americans' wallets and...ExxonMobil reported massive profits in the first three months of the year despite lower oil and natural gas volumes
Energy has soared 34.6 percent over the past year, and fuel oil costs more than doubled, jumping 106.7 percent
Saudi Arabia seizes 302,255 Captagon pills at Al-Haditha port
Saudi Arabia has seized a new consignment of banned drugs being brought into the kingdom at Al-Haditha port.The Zakat, Tax and Customs Authority seized 302,255 Captagon pills from the fuel tank of a truck and medical braces worn by a smuggler
The operations were carried out in coordination with the General Directorate of Narcotics Control and three people have been arrested
Meta’s Quest VR gear to let people ‘hang out’ in fake worlds
Meta on Friday said that it is adding the ability to easily socialize in virtual reality with an update to...Meta is also working on letting people create their own virtual worlds where they host gatherings of avatars, Zuckerberg said
Horizon Worlds is far from a fully realized metaverse, a future internet where online experiences like chatting to a friend would eventually feel face-to-face thanks to VR headsets
Iran, Venezuela ink 20-year deal on cooperation in Tehran
Iran and Venezuela signed a 20-year deal on cooperation between the two countries in various sectors including energy, financial and...The deal inked by Iran and Venezuela include energy, financial and defense
From July 18 direct flights would operate between Caracas and Tehran
EWEC to conduct 4th Clean Energy Certificates Auction
The CECs provide Abu Dhabi entities a pathway to achieve their desired sustainability goals by guaranteeing the zero-carbon origin of...The CECs provide Abu Dhabi entities a pathway to achieve their desired sustainability goals by guaranteeing the zero-carbon origin of their clean electricity consumption
Also, the CECs offer entities a globalcompetitive edge by holding internationally recognised certificates that guarantees their green credentials.
Soqoor program: DEWA approves 50,567 NOCs
It is the first government program of its kind to evaluate consultants and contractors in Dubai.It is the first government program of its kind to evaluate consultants and contractors in Dubai
The program creates a healthy competition among consultants, contractors to ensure their compliance with the highest quality
Iran arrests 13 bank heist suspects: judiciary
Iran has arrested 13 suspected robbers accused of making off with the contents of more than 160 safe boxes from...The fugitives who fled abroad had been detained thanks to "good cooperation" with Interpol and were in the process of being transferred back to the Islamic republic
The broadcaster aired footage of those it said had been detained in Iran, dressed in prison outfits and facing a wall
Abu Dhabi bourse records highest trading value in Arab markets: AMF
Abu Dhabi Securities Exchange (ADX) recorded the highest increase in trading value among Arab financial markets in May 2022 at...IPOs have boosted the performances of Arab financial markets in May 2022, increasing the value of overall trading to nearly $107.22 billion.
The Beirut Stock Exchange topped Arab exchanges in terms of market capitalization gains with an increase of 39.50 percent.
FAO predicts increase in global food bill in 2022
FAO predicts the global food import bill would rise by $51 billion compared to 2021, of which $49 billion would...FAO says global food import bill may reach a new record of $1.8 trillion in 2022
It says global production of main cereals would decline in 2022 for the first time in four years
Abu Dhabi, China’s Shandong to enhance cooperation
Abu Dhabi, China’s Shandong agree to work towards boosting investment opportunitiesThe MoU aims to enhance industrial cooperation, facilitate delegation visits, investor meetings
It seeks to organize entrepreneurship, management consultancy training programs between companies
