QatarEnergy, Mitsui ink pact
The agreement provide for a rise in condensate volumes.Company News Business Energy
Irbid chamber industrial exports up
The value of certificates of origin issued stood at US$65m.Business
Gulf region will boost global clean energy security: Al Kaabi
Mubadala’s UAE Investment chief Musabbeh Al Kaabi said on Monday that the Gulf region will play an increasingly important role...Al Kaabi affirmed that governments must develop initiatives to mitigate supply chain challenges to meet net-zero carbon targets
He noted that global energy security will extend beyond oil as the UAE and its neighbours’ transition to become leaders in clean energy production
Kaspersky now a ‘security threat’
The designation will restrict its dealings in the United States.The US Federal Communications Commission has added Kaspersky to a threat list
This effectively blocks the firm from being paid with certain US government subsidies
Smartphones, net speed fuel Saudi ecommerce boom
Pablo Martinez, Managing Director and Senior Partner at the Boston Consulting Group, sheds light on what lies ahead for the...In 2020, the Saudi ecommerce accounted for only 6% of overall retail sales, while major markets contributed 18%
Only a small set of online retailers in influential cities of the kingdom offers same-day delivery, a standard in developed markets
Oman, Sri Lanka to cooperate in economy, trade and investment
Oman and Sri Lanka have discussed economic and trade cooperation. In this connection, Saleh Said Masan, Undersecretary for Commerce and...The two sides explored aspects of the joint cooperation, economic diversification sectors and the investment and trade environment.
They discussed aspects of cooperation in the economy and industry sectors, logistics, ports and investment opportunities in both countries.
UAE tops gender equality in Arab countries
In the UAE, and the wider Arab world, many women have been successful in upturning the prevalent prejudice that a...Their participation in the workforce has grown; in many Arab countries, women entrepreneurs are competing with men to distinguish their businesses
Many young women have important roles in government offices where they are a key part of policymaking
Kuwait issues bonds, tawarruq to the tune of $792m
The Central Bank of Kuwait has issued bonds and tawarruq for six months with an accumulated value of $792 million.According to a statement released by the bank, the rate of return is set at 1.625 percent
The bank also issued bonds and tawarruq as of March 21 valued at 220 million Kuwait dinars ($660 million) for three months standing at a rate of returns of 1.375 percent
PIF of Saudi Arabia looks to buy stakes in four construction firms
PIF, Saudi Sovereign Wealth Fund, is in talks with four construction firms in order to make investments to the tune...According to media reports the PIF is holding discussions with Nesma Holding, El Seif Group, Almabani General Contractors, and Albawani to buy minority stakes in them
Looking to take stakes of about 30 percent in each company, the PIF has roped in Rothschild and GIB Capital as advisers to finalize the deals
Dubai school ‘first’ in Middle East to accept tuition fee in Bitcoin, Ethereum
A school in Dubai has said it will be the first school in the Middle East to let parents pay...Citizens School, which is set to open doors in September 2022, said it will accept payments from Bitcoin and Ethereum in addition to traditional modes of payment.
Payments using cryptocurrencies are accepted through a tie up with a digital currency platform that processes cryptocurrency payments and automatically converts them to Dirhams.
UAE reaffirms OPEC+ commitment, says West must be ‘reasonable’
The United Arab Emirates on Monday urged Western countries to be "reasonable" in their expectations, underlining its commitment to the...The grouping of the 13 members of the Saudi-led Organization of the Petroleum Exporting Countries (OPEC) and their 10 allies, including Russia, is an "alliance to stay"
A surge in prices and supply fears since Russia's invasion of Ukraine last month have led to calls for OPEC to increase output
Flynas to take off for Belgrade
The airline will fly three weekly flights to Serbia's capital.The flights to the capital of Serbia will run each Monday, Wednesday and Friday, on a seasonal basis, effective from May till late September
Flynas intends to order 250 aircraft
