48 Middle East and North Africa IPOs raise $10.7bn in 2023: Report
Five listings, mainly in the energy and logistics sectors, contributed 58 percent towards the total IPO proceeds raised, said the...Business Economy
RTA inks agreement to develop entry/exit points for Dubai Harbor
DUBAI, UAE - The Roads and Transport Authority (RTA) of the Emirate has entered into a strategic partnership with ‘Shamal...Business Geostrategy
Day 1 of Global Entrepreneurship Congress: Pacts worth $4.2 bn signed
A total of 33 agreements besides several investments worth more than $4.2 billion were signed on the first day of...These are aimed at supporting entrepreneurship in various fields and enhancing the Kingdom’s status as an attractive environment for pioneers, innovators and creators.
Saudi Aramco signed 10 memoranda of cooperation and two agreements with local and international firms in digital transformation, information technology, and national development.
Mawani, LogiPoint launch new logistics development at Jeddah Port
This will enhance the port's infrastructure and operating capabilities, expand capacity, and enable logistical efficiency.This will enhance the port's infrastructure and operating capabilities, expand capacity, and enable logistical efficiency
The project represents the first phase in LogiPoint's ongoing infrastructure development plan worth SAR400 million over the next two years
Huawei reports record net profit
The telecoms giant Huawei posted a net profit of $17.8 billion in 2021.The company has been caught in the crosshairs of the US-China trade and technology standoff, with US under Trump rule moving to cripple it over espionage concerns.
Its revenue slumped by around 29 percent as it grappled with US sanctions aimed at blocking access to key technology and supplies.
Germany mulling Israeli anti-missile shield purchase
An Arrow 3 would be sent in space if a rocket attack is uncovered, to intercept and to destroy the...Germany need anti-missile shield to protect it against the Russian threat, parliament of the country said in a an official statement
Israeli Arrow 3 system costs $2.2 billion could be operational from 2025 in Germany
Qatar, France look to enhance cooperation in labor
The deal was signed on Sunday, March 27, in cooperation with the International Labor Organization.The memorandum comes within the framework of the cooperation strategy implemented by Qatar with various governments and global organizations
It reportedly aims to enhance cooperation between the Ministry of Labor and the French government in cooperation with the ILO in the fields of labor
Poultry available in quantity during Ramadan, assures Jordan minister
The announcement came after the minister met members of the Jordanian Poultry Producers Association on Sunday.Jordan’s Minister of Agriculture Khaled Hneifat has said his ministry is keen on providing poultry to meet citizens' needs throughout the holy month
For their part, the Jordanian Poultry Producers Association’s representatives said they would continue to cooperate with the ministry to provide poultry
Social Development Bank extends $2.93bn support to Saudi entrepreneurs
The bank announced this while participating in the Global Entrepreneurship Congress (GEC) in Riyadh.The pledge is said to be part of the bank’s efforts to empower Saudi youth and promote comprehensive national development
The SDB is also said to have signed, on the sidelines of the GEC, several agreements with various strategic bodies
Where does fisheries stand in UAE economy?
The fisheries sector in the UAE has changed quite a bit over the past two decades, with a pointed move...The UAE has been striving to achieve food security through several of its initiatives
It has also been looking to achieve a degree of sustainability in the fisheries sector
How can UAE firms adapt to corporate tax?
Now entities that typically have strong brand equity, control over distribution, and very few competitors, have a competitive edge that...Generally, businesses react negatively to any tax announcement, like the UAE’s corporate tax
However, companies within the UAE might themselves benefit the most from such a tax
Metaverse set to transform banking in GCC
Regional players eye big share as Metaverse is expected to become a US$800 billion market. Some analysts believe it will...Metaverse is expected to become a US$800 billion market -although some analysts think it will reach $30 trillion
The use of Metaverse in banking may lead to the emergence of fully digital bank branches, reducing or even eliminating the need for physical ones
