GCC emerges as a cryptocurrency investment hub
Driven by government initiatives, economic diversification and a tech-savvy population, the region is becoming a prominent center for cryptocurrency investment,...Business
Zero trust remains an ongoing cybersecurity evolution
Achieving Zero Trust Data Resilience is not an overnight task but a journey requiring organizational alignment, continuous adaptation, and the...Business Opinion
King Abdulaziz Port records highest daily container throughput
The King Abdulaziz Port in Dammam recorded the highest daily container throughput at Saudi ports by handling a total volume...The port succeeded in achieving the feat through its integrated operational mechanism of maritime and logistical services.
The landmark milestone was reached when COSCO Shipping Capricorn with an overall length of 400m docked at the Dammam port.
Flydubai net up 76% to $229m
The Emirati budget airline carried 5.6 million passengers last year.Dubai, a tourism and trading hub, has since October been hosting the delayed Expo 2020 world fair, which ends on March 31
In July 2020 Dubai became one of the world's first locations to reopen to foreign travel
Saudi Monsha’at launches portal for entrepreneurs
Young entrepreneurs in Saudi Arabia will now have access to the National Business Innovation Portal, providing them with necessary tools...The Small and Medium Enterprises General Authority, also known as Monsha’at, and the King Abdulaziz City for Science and Technology unveiled the portal
The newly launched portal includes a set of specialized sections that guide business innovators through the stages necessary to bring a project to success
Sharjah Entrepreneurship Foundation discusses SMEs funding requests
The Project Finance Committee of the Sharjah Entrepreneurship Foundation (Ruwad) has approved AED300,000 finance for a project that will work...The Foundation’s Project Finance Committee approved AED300,00 finance for a health fitness service program.
The total approved financing by the end of February amounted to AED33 million, of which AED14.4 million were directly financed by the institution.
Saudi Crown Prince inaugurates World Defense Show in Riyadh
Saudi Arabia's Crown Prince Mohammed bin Salman has inaugurated the four-day-long World Defense Show in Riyadh, organized by the General...Over 590 global companies representing 42 countries are participating in the event
A number of national government agencies in the defense, military and security sectors are also among those taking part
Obeikan Glass net profit up 900 percent
The Saudi manufacturer’s revenue rose 77 percent year-on-year.The firm, which recently joined the Saudi stock exchange, attributed the improved performance to an increase in sales volumes.
Obeikan Glass Company says it is the largest glass manufacturing facility of its kind in the Middle East region.
Jordan’s real estate trading at JD73 5mn in 2022
The Department of Land and Survey (DLS) revealed that the revenue in the first two months of 2022 stood at...The Department of Land and Survey (DLS) revealed that the revenue in the first two months of 2022 stood at JD32.4 million up 15% from the figure reported in 2021
Overall real estate sales in the Kingdom in the period decreased by 10 percent, as apartment sales declined by 5 percent
Aluminium, copper prices hit records on Ukraine fallout
Aluminium reached $4,026.50, the first time the lightweight metal had breached $4,000 per tonne.Aluminium reached $4,026.50, the first time the lightweight metal had breached $4,000 per tonne
Commodities have been red hot since Russia's assault on its neighbour, with gold on Monday back above $2,000 an ounce
Australian power firm rejects green billionaire’s takeover bid
AGL Australia's largest energy company said its board had over the weekend rejected a joint bid of $8.25 (US$6) per...AGL Australia's largest energy company said its board had over the weekend rejected a joint bid of $8.25 (US$6) per share from Cannon-Brookes, founder of the tech firm Atlassian
The firm said in a statement to the Australian stock exchange that the buyout proposal was still "well below the fair value of the company."
UAE, Israel work to secure region’s food needs
Government support, coupled with strong social systems, must ensure that no one goes hungry, says Nobel Laureate Dr Dan ShechtmanEnhancing collaboration between research institutes and agritech companies in Israel and the UAE will be pivotal to secure region's food future, say Israeli experts
Arab region needs to develop the knowledge to grow crops in arid conditions, says Dan Shechtman of Israel Institute of Technology
