SABIC to build petrochemical plant in China
The Saudi giant will develop the US$6.4bn plant in Fujian.Business
UAE foreign investment projects second highest in world: UNCTAD
Abu Dhabi, UAE -- The UAE recorded the second-highest increase in the number of new foreign investment projects around the...Business Economy
‘Workplaces must prioritize mental health’
In many industries, working from home is the way of the future and a better working and mental lifestyle, Quartz...People tense or stressed at work are more than three times likely to plan to look for a new job
In contrast, employees who feel supported are more likely to stay, lowering turnover costs
Saudi Space Commission looks to explore cooperation with NASA
Saudi Space Commission Board of Directors Chairman Abdullah Amer Alswaha is on a tour of the US to develop the...The two countries discussed opportunities for strategic cooperation to develop the space sector
They also mulled investment in future joint projects to achieve mutual economic and strategic goals
Bitcoin falls below $30,000, lowest since July 2021
Bitcoin slumped below $30,000 for the first time since July 2021 on Tuesday as cryptocurrencies track sinking markets with investors...Bitcoin's value has more than halved since a November surge that saw the token hit a record of nearly $69,000
Traditional investors have been offloading bitcoin and other digital tokens along with other volatile assets like tech stocks
Arabian Travel Market 2022 kicks off in Dubai
The Chairman of Dubai World Sheikh Ahmed bin Saeed Al Maktoum, inaugurated the 29th edition of the Middle East’s largest...ATM 2022 is part of Arabian Travel Week, a 10-day festival of travel and tourism events taking place in Dubai
It provides a vital platform for tourism and travel industry leaders in the Middle East
UN seeks $80m from donors to remove ship off Yemen coast
The UN will ask for $80 million in donations in order to remove nearly a million barrels of oil on...UN-backed engineers have been prevented from inspecting the 45-year-old ship by the Iran-backed Houthis
A new scheme devised by UN Humanitarian Coordinator for Yemen David Gressly will see the UN attempt to raise $80 million from donors at a conference
Global stocks sink on rising rates and China lockdown
World stock markets mostly sank Monday on stubborn fears over the impact of rising US interest rates, surging inflation and...Frankfurt, London and Paris each shed more than one percent nearing the half-way stage after Tokyo closed down 2.5 percent
Oil prices lost two percent on demand worries and the haven dollar rose, while bitcoin plunged to a 2022 low below $34,000
Aramco shares up 3 percent
Oil prices continue to spike, beefing up energy companies.The stock price slightly retreated to SR45.8 later in the day at 12:07 p.m. Saudi time.
Saudi Aramco now holds the second largest market valuation globally of SR9.15 trillion.
Abu Dhabi tourism department readies to launch summer campaign
The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) will announce its summer campaign at Arabian Travel...Located in Hall 2 at Dubai World Trade Centre, Visit Abu Dhabi will take guests on journey of the top sites and attractions in the capital.
Visitors will be treated to live performances from the City of Music, the creative craftsmanship of Emirati artisans at the House of Artisans zone.
Jeddah airport picks new acting CEO
Ayman Aboabah was appointed after the airport witnessed chaos.Aboabah has 28 years of experience, where he had held several leadership positions including the vice president for operations at Riyadh Airports Co.
Several clips featuring the chaotic situation have gone viral on the internet, with people questioning why su.ch a situation happened at the newly built $9.6 bn airport.
Inflation, geopolitics take toll on GCC businesses
Inflation spawns numerous hurdles as GCC business leaders struggle to find a way to surmount the difficulties aggravated by geopolitical...Abudawood remarked that the ongoing supply chain issues would definitely impact expenses and consumer pricing
According to IMF Middle East and Central Asia Director Jihad Azour inflation averaged 14.8 percent in 2021 and is expected to remain at 13.9 percent this year
