Saudi Arabia signs MoUs with four countries for development in mining industry
RIYADH, SAUDI ARABIA – The Ministry of Industry and Mineral Resources has signed four Memorandums of Understanding (MoUs) with the...Business Geostrategy Global
EU court’s adviser says $2.6bn fine on Google be upheld
Google suffered a legal blow at the European Court of Justice when the body's adviser recommended that a US$2.6 billion...Business Geostrategy Tech & Media
DP World to give ₤1 mn to two Earthshot Prize finalists
DP World’s has announced ₤1 million investment to two Earthshot Prize Finalists, designed to scale their work in the UAE...The Innovation Showcase profiled the ground-breaking solutions from the 2021 Earthshot Prize finalists
Prince William lauded the DP World's gesture during his visit to Middle East
Kuwait launches 2nd edition of initiative for youngsters’ business
Kuwait's Youth Authority on Saturday, February 12, launched the second edition of the ‘professional initiator’ programThe program aims to diversify productivity, helping young citizens launch startups in the private sector
It is also expected to provide more opportunities for medium and small enterprises at different levels
Dubai saw $1.8bn real-estate transactions last week
A total of 2,078 real-estate transactions worth AED6.6 billion ($1.8 billion) were conducted in Dubai during the week ending February...A total of 280 plots were sold for AED1.42 billion ($386.66 million), according to official data
Meanwhile, 1,275 apartments and villas were sold for AED2.54 billion ($691.63 million)
IHC reports $3.08bn profit
The company posted an all-time-high annual revenue in 2021.IHC’s total revenue grew 303 percent in 2021 to AED 28.3 billion ($7.71 billion)
This beat its previous year’s revenue record of AED 7 billion ($1.91 billion)
Saudi Arabia scouts markets for non-oil exports
While initiatives like Made in Saudi Arabia are helping ramp up production, Saudi Exports is looking to rope in government...Saudi Arabia intends to increase the amount of non-oil exports from 16 percent to 50 percent of the total GDP
The Made in Saudi Arabia program helps create a unified identity for exports and improve their reliability
UAE and Israel agree to boost tourism sector ties, plan events
The UAE and Israel signed a Memorandum of Understanding (MoU) to strengthen their tourism and economic cooperation and reinforce their...The two sides will intensify their technical cooperation in tourism education, vocational training, marketing and promotional activities.
The trade between the two countries grew to $700 million within one year of signing Abraham accords.
DWC Airport to host Business Aviation Event ‘MEBAA’ in December
DWC Airport in Dubai will host the MEBAA Show, a business aviation platform, from 6-8 December 2022. The event will...The event will showcase the latest trends, insights, innovation and commercial opportunities shaping the future of business aviation.
Providing a platform for the entire business aviation community, the MEBAA Show will convene again to build partnerships.
Saudi seaports registers 5.3 percent increase in cargo handling
This includes a 48.28% growth in passenger volume, with the total number reaching 88,000.The total food shipments amounted to more than 2 million in January, representing an increase of 2.06 percent compared to last year.
The statistical figures for January 2022 issued by MAWANI also showed an increase in other operational indicators of Saudi ports.
High taxes take fizz out of Turkey’s cafes
In a waterfront Istanbul neighborhood that once buzzed with cafe and pub life, there are now only empty tables after...The tax is one of the biggest blows to alcohol consumption by a government often accused by its opponents of eroding the pillars of modern Turkey
The blow was felt particularly hard in the Besiktas neighborhood on the European side of the Bosphorus
TAQA posts a net income of AED6bn for 2021
Abu Dhabi National Energy Company (TAQA) has posted a net income (TAQA-share) of AED6.0 billion, a jump of AED3.2 billion,...The company has attributed the increase in income to a greater contribution from the Oil & Gas segment
The Group revenues of AED45.7 billion, 11 percent higher than the prior-year period, primarily due to higher commodity prices within the Oil & Gas segment
