Dubai’s real estate soars with notable market growth
The emirate's residential market witnesses an 18% sales surge and a 26% rental increase due to investor confidence and a...Business
Elon Musk files lawsuit against OpenAI over mission ‘betrayal’
Paris, France - Elon Musk has launched a legal case against OpenAI, the AI firm he helped to set up in...Business
Saudi Arabia lets citizens visit Turkey as bilateral relations improve
At the beginning of the pandemic, Saudi Arabia imposed a rule against all foreign travel, and as of last month...The move comes two days before Crown Prince Mohammed bin Salman is expected to visit Turkey.
In May, national flag carrier Saudia resumed flights to Turkey, but citizens were unable to travel there.
EDB to showcase its financing solutions at ‘Make it in Emirates Forum’
Emirates Development Bank (EDB) will participate in the first "Make it in the Emirates Forum" to be held on 21-22...The forum is organized by the Ministry of Industry and Advanced Technology.
EDB is a key partner in the Ministry’s efforts to empower the industrial sector.
Lebanon to expel Syrian refugees if not repatriated: Mikati
Prime Minister Najib Mikati on Monday said Lebanon was ready to expel Syrian refugees living in the country if the...Lebanon, grappling with its worst ever economic crisis, has the world's highest proportion of refugees in its population.
The government estimates that Syrians account for almost a quarter of its more than six million residents.
ConocoPhillips third to join Qatar’s mega gas expansion
ConocoPhillips' chunk of the North Field East project is half the size of France's TotalEnergies, which has a 6.25 percent...No figure for the value of the deal was given but TotalEnergies previously said it had paid $2 billion for its joint venture.
The expansion of the North Field, which has the world's biggest known natural gas reserves, is estimated to cost more than $28 billion.
Expo City Dubai to open on 1 Oct, will house HQ of DP World
Dubai Ruler Sheikh Mohammed bin Rashid Al Maktoum said the Expo site will be transformed into Expo City Dubai, which...The new city will continue to host the pavilions of Saudi Arabia, Morocco, Egypt and will be the first WELL-certified community in the region.
Three of Expo 2020’s most visited attractions-- Al Wasl Plaza, the Garden in the Sky observation tower and the Surreal water feature--will remain.
CNN, IMI partner to launch CNN Business Arabic
The news channel will combine the digital first knowledge within the IMI group with the brand recognition and newsgathering capabilities...The news channel will combine the digital first knowledge within the IMI group with the brand recognition and newsgathering capabilities of CNN
The channel will join a network of ten existing CNN-branded partners which operate under license in countries around the world
China’s import of oil from Russia jumps 55% in May
The world's second-biggest economy imported around 8.42 million tons of oil from Russia last month.The world's second-biggest economy imported around 8.42 million tons of oil from Russia last month
The number was also a spike from the 5.44 million tons China imported in May 2021
EU terms blockade of Ukraine grain by Russia ‘real war crime’
EU foreign policy chief Josep Borrell said Monday that Russia should be held "accountable" if it keeps blocking the export...Western countries have demanded Moscow to stop blockading Ukraine's Black Sea ports to allow grain export
French Foreign Minister insisted that "Russia must stop playing with global hunger" as it seeks leverage on the West
DP World, Saudi Ports Authority to establish Jeddah Logistics Park
The port-centric park will boost Jeddah Islamic Port’s re-export activities and reduce the time and cost of logistics for importers...The port-centric park will boost Jeddah Islamic Port’s re-export activities and reduce the time and cost of logistics for importers and exporters
It will also offer processing, labelling, fulfilment, consolidation, de-consolidation, and temperature-controlled storage for cargo
Aramco sets up digital industries
It has tied up with Cognite to bolster digitization in MENA.The alliance announced the launch of CNTXT, which will be headquartered in Riyadh
CNTXT will support industrial digitalization in Saudi Arabia and the wider MENA region
