Qatar to ramp up gas output with new mega field expansion
At the start of this month, Qatar said it would supply 7.5 million tonnes of LNG per year for 20 years...Business Energy
NEOM awards contracts for construction of high-speed transportation tunnels
NEOM has awarded two contracts to two consortiums for the construction of two tunnels with a length of 28 kilometers...The two contracts were awarded to two consortiums consisting of engineering and construction companies.
NEOM said the project will be implemented in accordance with the best international practices used to protect the environment.
‘Made in Saudi’ takes part in 17th OIC Member States Trade Fair
The Made in Saudi program is participating in the 17th Organization of Islamic Cooperation (OIC) Member States Trade FairThe Made in Saudi program's participation shows international trade fairs help companies reach global markets
The event is considered a platform to display goods and services and to discuss about strategic partnerships
Dubai Chamber members’ exports up 28 percent in May, highest since 2018
The strength of the Dubai economy, the flexibility of the emirate's merchants and the value of Dubai Chamber of Commerce...Dubai’s strategic plan to boost foreign trade by up to AED 2 trillion ($544 billion) in five years, Al Ghurair said.
GCC countries accounted for 55 percent of the total exports and re-exports of the members in May 2022.
Work in water reservoir project in Hatta ahead of schedule
The project includes the construction of two reservoirs with a storage capacity of 30 million gallons of desalinated water, supporting...Progress in the Hatta water reservoir project is ahead of schedule as 36 percent completed compared to 32 percent target
The project has a capacity of 30 million imperial gallons at a cost of approximately AED 86 million
Ladun to list on Nomu
The Saudi firm's IPO was priced at $4.8 per share.The company’s initial public offering was priced at SR18 ($4.8) per share, with 20.97 times oversubscription
The Riyadh-based firm sold 5 million shares, representing 10 percent of its capital
Jordanian army seizes big haul of drugs on border with Syria
Jordan has foiled an attempt to smuggle drugs into the kingdom from its border with Syria, seizing 900,000 Captagon pills...Jordanian army has ramped up operations against drug smuggling from Syria which, it said, has been increasing dramatically
Director of JAF Military Media Department Col. Mustafa Hiyari recently accused Iran and Syria of sponsoring drug dealers operating in Syria
Google pays $118m in settlement to underpaid female workers
Google said on Sunday that it was "very pleased" to be settling, without admission of wrongdoing, a class-action lawsuit that...The company also agreed for a third party to analyze its hiring and compensation practices as part of the settlement
Google previously agreed in 2021 to pay $3.8 million to the US Department of Labor over accusations it had discriminated against women and Asians
TotalEnergies warns consumers to ‘turn down heating’ to ease crisis
TotalEnergies chief Patrick Pouyanne hailed a deal to expand production in the world's biggest natural gas field in Qatar but...The deal for a 6.25-percent stake in the North Field East project was announced Sunday barely two months after TotalEnergies said it would pump no more money into Russia
According to the chief of Totalenergies, the new natural gas complex is part of a "success story" with Qatar which will be ready at the end of 2025 or early 2026
Islamic crypto gains currency in Muslim world
ISLAMICOIN, which adheres to strict Sharia audit, is one of the most popular digital currencies in the Islamic world, says...ISLAMICOIN follows recommendations issued by the Office of Crypto Halal for the supervision and Shari’a audit of the work of cryptocurrency markets
Crypto Halal will keep checking ISLAMICOIN project every three months for compliance
Qatari, Swiss firms discuss investment prospects in medical tourism
The two countries will celebrate 50 years of diplomatic relations in 2023, which includes organizing events like car exhibitions, and...Ambassador of Switzerland to Qatar, Edgar Dorig, said there are various opportunities to enhance Qatari-Swiss cooperation in multiple sectors.
He noted that the volume of trade between the two countries rose to more than QR 5 billion in 2021, witnessing an increase compared to 2020.
