Saudi Arabia, China sign MoU to develop air transport cooperation
Beijing, China - Saudi Arabia and China on Thursday signed a memorandum of understanding (MoU) to develop air transport cooperation.The MoU...Business
Vietjet to buy 20 A330-900 planes
The company signed MoU with Airbus for the widebody aircraft.Business
Dubai ranks second globally in attracting FDI in creative economy
Dubai ranked first in the Middle East and North Africa (MENA) region and second in the world in attracting foreign...Surpassing other major cities such as New York, Singapore and Berlin, Dubai improved its rankings from fifth in 2020.
In terms of the number of new jobs in the creative economy, Dubai held on to its top rank regionally and fourth globally with 6,204 new jobs created from FDI.
Fujairah Cement off Boursa Kuwait
The company has obtained approval of Capital Market Authority-Kuwait to do so.Fujairah Cement has obtained approval of Capital Market Authority-Kuwait for voluntary withdrawal from the Boursa Kuwait
November 30, 2022, will be the last day for trading the Company's shares in Boursa Kuwait, says Fujairah Cement
Dubai Government-Dubai Customs meet discusses best practices
A Dubai Government delegation that visited Dubai Customs was briefed about the department’s experience in budgeting, internal control, and best...Through these visits, Dubai Customs supports its strategic relationships with its partners and builds effective, value-added relationships.
The two sides discussed government innovation and its role in supporting Dubai Customs’ vision and strategic plans.
Qatar First Bank exits its first real estate investment in Baltimore
Qatar First Bank (QFB) has announced the successful exit of Jefferson Square, its first syndicated real estate investment located in...QFB acquired Jefferson Square, a class A multifamily residential building, in June 2017 as part of its Sharia compliant real estate investment program.
Jefferson Square marks the second US real estate exit for QFB following the successful exit of Kennedy Flats, Connecticut in October 2021.
Turkey grapples with fires from plastic recycling plants
Although Turkey has become the leading importer of European plastic waste after China banned imports in 2018 but according to...In Kartepe, an industrial town in the country's northwest, one of these sites was closed by the authorities in December after the outbreak of three fires in less than a month
There was a fire every three days in Turkey's plastic reprocessing plants on average last year
East Pipes’ revenues dip 36% to SAR597m
Saudi Arabia’s East Pipes reported a net loss of SAR3m during FY2022.Total sales volumes decreased 26 percent for pipes sales and 23 percent for coating sales
Gross profit decreased 85 percent to SAR 35 million due to the shrinking production volumes
Making art in Jordan out of trash
Jordan-based artist Maria Nissan is on a mission: to rid the world of single-use plastics and to raise public awareness...Nissan, US citizen of Iraqi origin, urges people to avoid buying plastic products and to go shopping with reusable bags
Jordanians use three billion plastic bags every year, of which only seven percent is recycled, according to the UN Development Program
GCC equities stay steady this week
It was a week of mixed fortunes for various stock exchanges of the GCC, with TASI remaining flat through the...Many analysts predict investors will start buying discounted stocks
Abu Dhabi's index closed higher on Friday, while Dubai's was unchanged
Ending gender disparity key to regional prosperity
Even as SMEs in GCC seek to do more to end gender disparity , UAE proactively leads the region in...Even as SMEs in GCC seek to do more to end gender disparity , UAE proactively leads the region in pursuing the diversity agenda, says Marketa Simkova, Partner at KPMG Lower Gulf
The share of women in the Saudi job market has reached 31 percent. In addition, the country has taken steps to ensure equal access for women to education and training, she adds
Iraq allocates $2bn for Baghdad Metro project
Two billion dollars are allocated in the budget for Baghdad Metro project, Iraq’s Minister of Transport Nasser Hussein Al-Shibli said...Prime Minister, Mustafa Al-Kadhimi, said that the phenomenon of traffic jams is unacceptable
Al-Kadhimi stressed the need to work for activating traffic lights in the streets of Baghdad
