GCC at the forefront of 2024 sukuk market expansion
This year, emerging markets, led by the UAE, issued record bonds against declining yields and expected rate cuts by major...Business
China remains world’s largest logistics market in terms of demand
BEIJING, CHINA - The logistics sector in the country achieved steady recovery in 2023 and the country remains the world's...Business Economy
SABIC eyes eight mega projects worth $2.7bn
The Saudi firm says it seeks to capitalize on opportunities through innovative and sustainable solutions, focusing on petrochemical products in...The Saudi firm seeks to capitalize on opportunities through innovative and sustainable solutions, focusing on petrochemical products.
Gulf Coast Growth Ventures, SABIC's joint venture with ExxonMobil in southeast Texas, is also likely to begin operation in 2022.
HDFC Bank of India to merge with parent, forming $237bn company
India's largest private bank will merge with its largest mortgage lender to form a $237 billion financial giant, both companies...HDFC Bank will absorb its parent company, the Housing Development Finance Corporation (HDFC), in what will be one of the country's biggest-ever merger deals
The twin firms together manage assets worth 25.61 trillion rupees ($339 billion) and had a combined balance sheet of 17.87 trillion rupees at the end of last year
UAE announces $2m prize for startups in agritech innovation
The UAE has announced a prize of up to $2 million for startups that can offer technology innovations to transform...The FoodTech Challenge is organized by the UAE Ministry of Climate Change and Environment and Tamkeen.
It is targeted at early-stage start-ups, ranging from international university-based research teams to individual entrepreneurs and small firms.
Industries Qatar, Mesaieed Petrochemical Holding to establish PVC plant
Being the first PVC plant in Qatar, the project aims to position Qatar as a new regional player in the...Being the first PVC plant in Qatar, the project aims to position Qatar as a new regional player in the PVC production
The plant will not only boost private sector industrial investments, but also provide a home-grown source of PVC
76.5% of firms in Dubai recorded growth during Expo 2020: Report
Dubai Chamber of Commerce facilitated 1,500 bilateral business meetings between UAE investors and their global counterparts, and received 1,746 visiting...Titled, 'Business Integration for Growth, Digital Transformation and Global Partnerships' the report was developed by the Chamber in collaboration with Oxford Business Group
Dubai Chamber of Commerce organized 98 events during Expo 2020 Dubai, which were attended by more than 25,000 participants from over 130 countries
Players with disabilities score in the video game world
Hardware accessories are rare for players who have limited use of their hands.Mortal Kombat-maker NetherRealm Studios added audio to help blind gamers identify objects in the game
Visual or audio features added in the recent release of Last of Us Part II and Marvel's Guardians of the Galaxy help players with disabilities
UAQ signs agreements to support blue economy strategy
The emirate of Umm Al Quwain has signed a series of agreements to enhance cooperation and partnership to achieve its...In 2017, the World Bank defined blue economy as the ‘sustainable use of ocean resources for economic growth, improved livelihoods, and jobs’
The aim of UAQ’s Sustainable Blue Economy Strategy is to enhance investment attractiveness while developing the natural, cultural, and human wealth
Jordan saw its GDP grow 2.2% in 2021 as compared to 2020
The numbers come from a quarterly statistical report released on Sunday by the Department of Statistics.The country’s GDP inched up by 2.6 percent in the fourth quarter of last year compared to the same period in 2020
The construction sector expanded 6.1 percent in the reporting period, followed by the extractive industries at 5.6 percent
Empowering women with brands, drama therapy
Women from different countries across the Arab world face different challenges based on their situations, Kuwaiti Princess Sheikha Intisar tells...Kuwaiti Princess Sheikha Intisar Salem Al Ali Al Sabah remains optimistic about the road ahead for the Arab world
She gives a royal touch to philanthropic and entrepreneurial initiatives to promote education, women empowerment and human rights in the region
Saudi Venture Capital and Flat6Labs launch $40m seed fund
Saudi Venture Capital and Flat6Labs have teamed up to launch a $40 million startup seed fund.During the next three years, the fund aims to back startups with growth potential, and provide over 20 startups each year with seed capital
The fund’s size, which is around SR150 million ($40 million), will be utilized in the investment of early-stage startups operating in the technology and innovation sectors within S
