61 contracts worth $7billion signed at World Defense Show in Riyadh
Riyadh, Saudi Arabia - About 61 purchase contracts totaling approximately SR26 billion ($6.93 billion) were signed at the second World...Business
Jordan’s energy ministry signs two MoUs for copper, gold exploration
The Ministry of Energy and Mineral Resources on Sunday inked an MoU with a local company to explore for copper...The Jordan Integrated Mining and Exploration Company will conduct a 16-month copper exploration of a 78-square-kilometre area.
The Turkish "Solvest Trade and Industry Limited Company" will conduct a 14-month gold exploration in the Abu Khashiba Valley.
Kuwait backs Turkish-Arab foray into job-oriented philanthropy
Kuwait's Ambassador to Turkey and several Kuwaiti organizations have supported the concept of Core IstanbulKuwait Islamic Charity Organization backs Core Istanbul for its initiative to help young people get jobs
The concept of Core Istanbul is called as a more business-oriented approach towards philanthropy
PIF, Capital Bank Group sign pact
The deal worth $185m makes PIF a strategic investor in the group.The deal aims to increase the capital of the Capital Bank Group, and thus raise the total shareholders’ equity to more than 3.2 billion riyals, media reports said.
It also aims at strengthening its plans for digital transformation by providing the latest electronic services that include the launch of digital banks.
Saudi authority to hold real estate auctions in Riyadh, Madinah
Saudi Arabia's Center for Attribution and Liquidation, or Infath, has said that between June 7 and 15, it will be...The Center for Attribution and Liquidation, or Enfath, will hold these auctions between June 7 and 15 in attendance and online.
Auctions display 117 real estate assets, including commercial, residential, and agricultural lands, villas, and commercial and residential buildings.
ACWA Power inks deal for Layla PV Solar project worth $107m
Saudi ACWA Power Co. has signed a power purchase agreement with Saudi Power Procurement Co. for the Layla PV Solar...The company won the contract for submitting the lowest bid of 11.2 halala/KWh
ACWA Power will develop, construct, and operate Layla PV Solar IPP, a plant located in Riyadh
UAE is determined to disrupt organized crime: Minister of Justice
A day after the arrest of a British national in Dubai over a $1.7 billion dividend tax fraud case in...For the past two years UAE authorities have worked closely with their Danish counterparts to compile a strong body of evidence in this case
The UAE’s commitment to collaboration is also symbolized in the general extradition treaty signed with Denmark in March 2022
German carmaker Mercedes recalls one million older vehicles
German carmaker Mercedes-Benz is recalling nearly one million older vehicles worldwide due to a potential problem with the braking system,...The KBA said that the recall affected cars built between 2004 and 2015, of the SUV series ML and GL and the R-Class luxury minivan
The company said it would "start with the recall immediately" and contact the owners of the "potentially affected vehicles"
Palestinian farmers battle foot-and-mouth outbreak
An outbreak of foot-and-mouth disease in the West Bank early this year has killed thousands of livestock, pushing Palestinian farmers...Palestinian farmers blamed the PA for halting a vaccinations program that had proven essential in protecting livestock against an endemic disease
A new strain of foot-and-mouth disease (FMD), which causes potentially lethal fevers and blisters in young animals, was detected in livestock last November in Jordan
UAE blazes a trail with AI, leads Europe and MENA
The Gulf country leads EMEA in the leverage of data, data science, and AI for the purposes of decision making...The UAE has established itself as a world leader in AI, having been the first nation to appoint a minister of state for AI
Data science and AI are advancing, yet managers and non-managers in the UAE have different perceptions about data utility and AI's role
Dubai Airports to divert 60% of DXB’s waste from landfills
Dubai Airports new waste management program will prevent 60 percent of all waste from entering landfills by the middle of...A food waste management plan has been created jointly by Dubai Airports’ and its partner BEEAH Group
The waste treatment plan is expected to compost over 2,000 tonnes of food waste annually across Dubai International premises
