Saudi Arabia’s air defense commander examines Russia’s S-350, S-400 systems
RIYADH, SAUDI ARABIA – The Commander of the Royal Saudi Air Defense Force Lieutenant-General Mazyad bin Suleiman Al-Amr has inspected...Business Geostrategy
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.
Grocery apps reap Ramadan benefits
Grocery apps are witnessing a busy period during the Holy Month as scorching summer persuades customers to remain indoors while...More than two years of the Covid-19 pandemic have led to a rise in the adoption of personal electronic devices
This itself has led to a change in people’s behavior, especially when it comes to entertainment and ecommerce
Jordan’s electricity linkages with neighbors on track
NEPCO Director Amjad Rawashdeh has called the linkages a model for Arab countries.Work is underway to double the electric power exported to the Palestinian Jerusalem Electricity Grid through the Al Ram Electrical Station
The move is expected to raise the volume from the current 40 MW to 80 MW, according to an agreement signed by the two sides
Investcorp may buy AC Milan
The Bahrain-based firm looking to spend around €1 billion.Italian Serie A team AC Milan is a seven-time European soccer champion
It was once owned by the country’s former Prime Minister Silvio Berlusconi
Emaar plans new Fujairah resort
The Emaar Hospitality Group will open the resort in Q2.The Emaar Hospitality Group is the hospitality and leisure arm of Dubai-based developer Emaar Properties
Palace Beach Resort Fujairah will reportedly be the third beach resort of its Address Hotels + Resorts collection
Tunisia works to contain diesel spill after cargo ship sinks
The tanker XELO, carrying 750 tons of diesel from Egypt to Malta, sank in the Gulf of Gabes off Tunisia’s...Tunisia’s Environment Ministry has said barriers will be put up and a perimeter set to contain the diesel spill from the vessel
Divers are also expected to be mobilized to examine the extent of the spill and the infiltrated fuel will be pumped out
SAMA starts consumer microfinance licenses in kingdom
The Saudi Central Bank, or SAMA, has launched licenses for consumer microfinance operations in the Kingdom. This follows the bank’s...Microfinance targets individuals and small businesses, including self-employed people
Sulfah is the consumer microfinance company which is given a license by Saudi Central bank
Retail sales rise on back of online platforms
Grocery and fashion are the most significant in-demand categories during the holy month. The two sectors are expected to see...Many retailers, especially supermarkets and online brands, have made the most noise during Ramadan
Smaller businesses can use unique offer opportunities to entice new customers or reward current ones
