Saudi solar company ALUPCO partners with Mexico-based Array technologies
Riyadh, Saudi Arabia - Saudi Arabian aluminum extrusion company Aluminum Products (ALUPCO) has entered into a strategic collaboration with Array...Business
Price of natural gas in Europe falls to a 3-year low
LONDON, UK – The price of natural gas in Europe fell again on Friday, taking it to its lowest in almost...Business Economy Energy Geostrategy
UAE, KSA bourses to stay range-bound until 2022-end
The volatility in oil prices will affect the markets. If there is a higher-than-expected decline, the markets may feel the...The volatility in oil prices will affect the markets. If there is a higher-than-expected decline, the markets may feel the heat, Junaid Ansari of Kamco Invest tells TRENDS.
Higher interest rates are expected to benefit banks in the region that account for the second-biggest sector in the region by market cap
Egypt to sign wheat-for-goods swap deal with India to fight shortage
Moses Elhy met with the Indian ambassador to Egypt on Wednesday to discuss the potential swap agreement for 500,000 tons...Moses Elhy met with the Indian ambassador to Egypt on Wednesday to discuss the potential swap agreement for 500,000 tons of wheat
The Egyptian government has also in talks with the UAE, the US and western Europe in a bid to ease potential shortages
Govt says 200 Qatari nationals got jobs in private firms in May
The Labor Ministry has made a lot of efforts to ensure that Qatari nationals get employment in private sector companies...10 companies and institutions had cooperated with Labor Ministry to employ Qatari nationals in May
Since January 729 Qatari nationals have been employed in private sector companies and institutions
Jordan’s exports to US rise by six percent in first quarter
Jordan's trade balance with the United States registered a surplus of JD105 million ($147.85 million) in the first quarter of...Garments and textiles are key exports to the US market, followed by engineering industries, foodstuff, Dead Sea cosmetics, and jewellery.
The trade balance recorded a surplus of $147 million in Q1.
OIFL to pay GMTN interest
The Ooredoo subsidiary said it will pay $9.3 million on June 22.Ooredoo Group reported a revenue of QR 30 billion ($8.23 billion) for the full year ended 31 December 2021.
Group net profit attributable to shareholders stood at QR47m.
Jordan’s wholesale price index up 5.6 percent as fuel, mineral prices surge
Jordan’s wholesale price index in Q1 2022 increased by 5.66 percent, reaching 102.64 points against 97.14 during the same period...The wholesale price index in the first quarter of 2022 went up by 2.08 percent compared to the fourth quarter of 2021.
The boost in price of machine trade and their supplies by 5.33 percent or 0.49 points played a role in the index increase.
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.
