Saudi Arabia raises mineral resources estimates to $2.5 trillion
The Kingdom raised its mineral resources estimates from $1.3 trillion in 2016 on the exploration of nearly 30 percent of...Business Economy
UAE startups eye Saudi Arabia for growth, expansion
With both nations offering substantial markets and supportive environment for innovation, startups are exploring new opportunities in the Kingdom.Business
Etisalat Group buys out elGrocer DMCC
Emirates Telecommunications Group Company PJSC (Etisalat Group)Â has completed the acquisition of elGrocer DMCC, the company said it a statement.Founded in 2015, elGrocer is a leading online marketplace for groceries operating in all seven Emirates of the UAE
The acquisition of elGrocer will complement Etisalat UAE’s existing marketplace services under the ‘Smiles’ brand
Season 8 of ABB FIA Championship set to kick off in Riyadh
Season 8 of the ABB FIA Formula E World Championship is set to launch in Saudi Arabia, and some of...Run under lights at the UNESCO World Heritage Site outside Riyadh, the races will be held in the Kingdom for the fourth time
The eight season of the ABB FIA Formula E World Championship begins with a double-header in Diriyah, with a new qualifying format, along with the ever-popular Fan Boost
Tunisia allows digital sector firms to bid in convertible foreign currencies
The Central Bank of Tunisia (BCT) has authorized companies operating in the digital sector to bid for public tenders in...Bidding allowed for tenders for imported hardware and software in 2022.
The authorization from the Central Bank of Tunisia came after a 'positive opinion' from the Ministry of Finance.
US judge cancels major oil and gas exploration sale
A US judge on Thursday canceled the sale of oil and gas exploration leases of some 80 million acres in...US Federal District Court Judge Rudolph Contreras declared existing contracts invalid
He said the Department of the Interior did not adequately consider the leases' impact on climate change
Dubai embraces enigma of costliest black diamond
The design of the bloack diamond Enigma is based on the Middle Eastern emblem of the palm — also known...The diamond will see a "without price limit" auction, meaning whoever offers the highest proposed price will win it
Enigma can be dated between 2.6 billion and 3.8 billion years, and its components include nitrogen and hydrogen
Emirates signs new distribution agreement with Amadeus
From 1st February 2022, all trade partners on Amadeus will be able to access Emirates’ content free of surcharge.From 1st February 2022, all trade partners on Amadeus will be able to access Emirates’ content free of surcharge
The new agreement will also see Emirates’ new distribution capability content integrated into the Amadeus Travel Platform
Not selling NFTs, says Picasso family
They said the only work being auctioned was by Picasso’s great grandson Florian and his collaborators.The assertion followed an interview with Picasso’s granddaughter Marina and her son Florian
They apparently planned to auction 1,000 digital copies of a ceramic bowl Picasso painted in the 1950s
Apple hits revenue record
The expectations-beating results offered signals that the coronavirus-era tech boom may not be quite over yet.The expectations-beating results offered signals that the coronavirus-era tech boom may not be quite over yet
Smartphone sales topped $71 billion, buoyed by strong demand for the iPhone 13 line, especially in China
LVMH sees record sales, profit despite pandemic
The world's leading luxury group more than recovered from the coronavirus pandemic as it earns a record €64.2 billion ($71.5bn)...One reason for the luxury group's out-performance was improved profitability
Its operating margin rose to 26.7 percent, up from 21.4 percent in 2019
New initiatives help Saudi Arabia shine on tourism map
Notable achievements of the kingdom include establishment of Global Center for Tourism Sustainability and its selection to host World Travel...Local overnight trips surpassed 60 million in 2021, adding an estimated spending worth $21.3 billion to the country's economy
Promotion of tourism spots locally and globally, after being hampered by the pandemic, may help Saudi Arabia woo 50 million tourists this year
