Global personal computer shipments decline 14.8 percent in 2023
DUBAI, UAE - Worldwide PC shipments totaled 63.3 million units in the fourth quarter of 2023, a 0.3 percent increase...Business Global Tech & Media
BRICS to launch bonds worth US$28bn in local currencies
Tehran, Iran-- BRICS is preparing to launch new bonds in global markets, which will be available in local currencies rather...Business
Dubai records realty transactions worth more than $430m on Monday
Dubai’s real-estate market on Monday recorded a total of 301 transactions with a total value of AED1.59 billion ($433.22 million).In all, there were 294 sales transactions worth AED666.33 million ($181.44 million) throughout the day
According to the data, Dubai also saw mortgage deals that amounted to AED915.77 million ($249.36 million) on Monday
Saudi job market to stay upbeat in 2022
During the past four years, the kingdom has created 555,000 new jobs as part of its plan to develop $1...Slump in other job markets makes candidates open to moving the kingdom for employment.
Working on infrastructure projects underway in the kingdom will demonstrate future companies' capacity to work within different cultures and adapt to different cultures.
Nadec appoints new CEO
The Riyadh-based firm has appointed Solaiman Abdulaziz Altwaijri as its CEOHadsbjerg resigned for "personal reasons", and also left the company's board, according to a bourse statement
The National Agricultural Development Company is one of the biggest agricultural and food-processing share stock companies in the MENA region
Amiantit appoints new CEO
Feras Bin Ghassab Al-Harbi has held several leadership positions.The company took the decision after resignation of its previous CEO.
The new CEO is already working with Amiantit Co. as the Group CFO.
Bangladesh to partner with UAE to boost trade in Middle East
The Federation of Bangladesh Chambers of Commerce and Industries, or FBCCI, will launch a UAE-Bangladesh Business Council next month to...Bangladesh’s Prime Minister Sheikh Hasina is likely to launch the business council
The business council is expected to strengthening the trade relations with the UAE
Bahrain eyes cooperation with Germany in aviation, tourism
Bahrain's Minister said the private sector plays a key role in strengthening bilateral relations, as it boosts the volume of...Bahrain's Minister stressed the importance of attracting more expertise and investments.
He also highlighted the incentive packages provided by Bahrain for overseas investors.
GFH of Bahrain to list on Tadawul
Bahrain-based Islamic investment bank GFH Financial Group intends to list on the Saudi stock exchange, Tadawul, and Abu Dhabi Securities...The financial group will reportedly discuss the option with its shareholders at the general meeting
The company said shareholders will mandate the board of directors to complete the listing process
AD Ports acquires Divetech
Divetech is a UAE-based topside-subsea solutions provider.The acquisition will be fully funded from AD Ports Group’s existing cash reserves.
Divetech delivered revenue of AED 87 million and EBITDA of AED 20 million in 2021.
Shurooq to invest in GCC, Arab countries, Australia, says its Executive Chairman
Shurooq is currently considering in several Arab and Gulf Cooperation Council (GCC) countries, including Egypt, Saudi Arabia, Oman and Qatar,...Shurooq has received a proposal to establish similar entities to Sharjah Sustainable City in Australia and the US.
It is now engaged in tourism, environment, transport and project management sectors and will soon invest in health, education and robotics.
UAE ratifies $3.26bn loan for Sheikh Zayed Housing Program
The UAE has approved a $3.26 billion housing loan budget for Sheikh Zayed Housing Program in a cabinet meeting on..."The aim is to fulfil accumulated and expected requests and reduce the waiting period during the coming years", said Sheikh Mohammed bin Rashid
He said the cabinet also approved the establishment of the Emirates Council for Balanced Development to develop plans, implement projects and build government-private partnerships
