Bahrain and GCC look to boost ‘convention, exhibition’ industry
Manama, Bahrain-- Bahrain and the Gulf Cooperation Council (GCC) are looking to boost cooperation in the convention and conference industry...Business
European market up on record-busting Wall Street
A surge in tech titans including Apple, Amazon, Nvidia and Facebook parent Meta on Friday pushed New York's S&P 500...Business
SHL of KSA to be on bourse
Saudi Home Loans to trade on Tadawul from April 20.Operating since 2007, SHL is 40-percent owned by Arab National Bank, the second-largest shareholder is Dar Al Arkan, with 15 percent of the share capital
The Riyadh-based company raised SR600 million ($160 million) in an initial public offering last month that saw huge demand from investors
Tamimi Markets of KSA to develop smart farms with foreign firms
Tamimi Markets, Saudi supermarket chain, has teamed up with Japan's Mitsui & Co. and Italy's Zero SRL to develop the...The three partners aim to develop the next generation of vertical smart farms in the Al-Kharj area of Saudi Arabia
Starting with Riyadh, the new joint venture will bring fresh produce to the market using far less water than traditional farming techniques
QEWC profit up 4.5% in Q1
Profits in the first quarter of 2022 reached $106.78 million.QEWC is one of the largest energy production and desalination companies in MENA
It is the main provider of electricity and desalinated water in Qatar
NBQ reports Q1 profit of $26.3m
Its net profit increased 26.26% from the same period last year.The cost to income of NBQ stood at 27.11 percent during three months
It reflected the bank's operational efficiencies and disciplined cost management
Greece’s Ionian Islands eye UAE to woo tourists
Rodi Kratsa-Tsagaropoulou, Mayor of Greece's Ionian Islands, explains how an enhanced cultural and tourism ties with UAE will be mutually...The Ionian Islands and the United Arab Emirates are developing cultural and tourism ties
The two have established direct flights from Abu Dhabi and Dubai on Etihad and Fly Dubai
Gulf Biotech Company becomes second drug producing firm in Bahrain
The licensed plant will manufacture a variety of injectable human healthcare formulations such as vials, ampoules and prefilled syringes.National Health Regulatory Authority (NHRA) announced that it had licensed the medical firm.
The injectable drugs will be subjected to final inspection to be granted a Good Manufacturing Practices.
Ajman Chamber membership grows by 35 percent in 2021
The membership of the Ajman Chamber of Commerce and Industry (ACCI) grew by 35 percent in 2021, according to Muhammad...The number of new members reached 7,704 during 2021, compared to 5,723 members during 2020.
New commercial licenses for the previous year was 4,238 membership, 2534 professional membership and 131 industrial memberships.
Egypt turns to India to import much needed wheat
Egypt will import wheat from India to compensate for the loss of wheat supplies from Ukraine and Russia, the north...El-Said Marzouq El-Qosair, Egypt’s minister of agriculture and land reclamation, said this comes within the framework of the state’s efforts to secure new sources of wheat
Egypt is the largest importer of wheat in the world and depends on Russia and Ukraine, which have been in conflict for nearly two months
Ekar kicks off car rentals in KSA
A person can rent out his vehicle on the ekar platform.Ekar’s entire process of renting vehicles is contactless, as the rented cars will be activated through an app, which unlocks the vehicle, while the keys are inside the car
This feature aims to reduce the chances of theft and unauthorized access
Dubai Logistics City Customs Centre clears goods worth $435m in Q1
Dubai Logistics City Customs Centre completed 48,000 transactions and cleared goods valued at AED 1.6 billion in the first quarter...The Centre facilitates processes and operations of companies and traders.
In particular, the Centre handles the shipments of the International Humanitarian City, the largest humanitarian logistics centre in the world.
