Europe new car sales rebound in 2023: industry group
Automakers are facing a 2035 deadline set by the European Union to phase out sales of new combustion engine vehicles....Business
Aramco chief expects oil demand to rise by 1.5 mbpd in 2024
Riyadh, Saudi Arabia - Saudi Aramco's President and CEO, Amin Nasser, anticipates a surge in global oil demand, projecting an...Business
Inaugural session of Qatar-Nigeria Economic Forum begins
The Qatar-Nigeria Economic Forum kicked off in Lagos, the economic capital of the Federal Republic of Nigeria.The Forum aims to enhance economic cooperation and review business opportunities between the two countries
A special focus will be placed on cooperation in the fields of manufacturing, construction, oil and gas and technology
East Pipes of KSA gets $133m financing
East Pipes of Saudi Arabia has secured a Shariah-compliant working capital financing of $133 million from Bank Albilad.The capital will be used to “finance the working capital of one the company’s projects”, the Dammam-based company said in a bourse filing
East Pipes, which joined the Saudi stock exchange earlier this year, was established in 2010 and specializes in manufacturing steel pipes
World’s first robot citizen Sophia to attend Dubai audit conference
The humanoid robot Sophia, the world's first robot citizen, will arrive in Dubai on Tuesday, March 8, to participate in...Sophia will attend largest smart conference for internal auditors, the 20th Annual Regional Audit Conference from March 7- 9.
Sophia became the world's first robot citizen after Saudi Arabia granted her citizenship in October 2017.
Tadawul posts 17% jump in net profit to $157m in 2021
Tadawul Group has posted a seventeen percent jump in net profit to $157 million in 2021, according to a bourse...There was an 8 percent rise in revenue to SR1.17 billion during the year due to “solid growth in trading services, post-trade services
With strong earnings, the company’s board proposed an annual dividend payout of SR3 per share
Shurooq picks acting COO
It has appointed Ahmed Obaid Al Qaseer to the post.Al Qaseer is expected to continue the concerted efforts to achieve Shurooq’s vision of developing world-class projects
The new acting COO is also expected to bolster efforts to drive national and foreign investments into the emirate
Jordan inventors use TechWorks to realize dreams
TechWorks is a Jordanian platform aimed at bringing together youth, ideas and resources to jump-start innovations.Set up in 2018, TechWorks says its mission is ‘to plug into entrepreneurial and innovation ecosystems’ and turn ideas into reality
Affiliated with a foundation set up by Crown Prince Hussein, it is equipped with technology such as 3D printers
Russia threatens Ukraine ‘statehood’ as sanctions tighten
Since Russia's invasion 10 days ago, the economic and humanitarian toll of the war has spiraled, sending more than one...Russia has threatened a wider war if a no-fly zone is set up by any Western power
Ukraine has received weapons, ammunition and funds from its Western allies
Iran seeks barter trade with Pakistan to strengthen ties
The option of barter trade was available to cement the mutual relationship between Iran and Pakistan, an Iranian envoy has...The Consul General of the Iran has stressed the need for his country to sign a barter agreement with Pakistan
Hamid Reza Ghomi said he was eying such a deal between the Pakistan Chambers of Commerce and Iranian provinces
Umm Al Qura inks $800m deal
The project will see an investment of SAR3 billion ($800 million).The development of Masar destination has reportedly been planned according to a modern concept
It is based on complementary and interrelated foundations, including environmental and urban aspects
Visa, Master card suspend operation in Russia
The cards would continue to work on Russian territory because all payments in Russia are made through a national system...Mastercard decided to suspend its network services in Russia while Visa will cease all Russians transactions over the coming days
Russia's central bank has warned Russians traveling abroad that they should carry alternate means of payment
