Saudi Ports Authority invests US$3.46bn in maritime and logistics sectors
Riyadh, Saudi Arabia-- The Saudi Ports Authority also known as Mawani strengthened the maritime and logistics sectors with an investment...Business
GCC realty builds on diversification, sustainability
The Gulf real estate sector demonstrates remarkable resilience, buoyed by strategic economic diversification and a focus on sustainable and innovative...Business
UAE ministry signs pact with ADDED and ADNOC to promote Emirati products
The Ministry of Industry and Advanced Technology (MoIAT) and Abu Dhabi’s Department of Economic Development (ADDED) will work on proposing...MoU part of a program aimed at redirecting above 42 percent of public-sector and select private-sector expenses towards local suppliers.
The pact is in line with the objectives of the National Strategy for Industry and Advanced Technology, Operation 300bn.
SIDF and Al Rajhi team up to boost industries growth
The Saudi Industrial Development Fund (SIDF) has teamed up with Al Rajhi Bank to provide a documentary credit service.The documentary credit service enables investors to obtain the necessary liquidity to implement projects and to speed up project implementation procedures
The fund aims at stimulating the growth of national industries through the partnership with the private sector
Dubai Index surges 80 percent, Saudi losses continue
Dubai index outperformed GCC peers, following the emirate's announcement of plans to open a $545 million market-making fund and IPOs...As of Thursday, Abu Dhabi's main index increased by 0.1 percent, aided by a 2.4 percent increase in Alpha Abu Dhabi Holding.
Saudi index lost for the third consecutive week and Abu Dhabi was largely stable.
Riyadh Season casts its spell on GCC
So far more than two million visitors have marked their presence in the five-month long arts and culture festival.From young and old, men and women, all have trooped into the area to partake of music, sports, cars, business, agriculture, and many more events
Live concerts featured many regional and international singers like Kazem Al Saher, Angham, Elissa and many more that can interest children, families, and youth as well
ENOC Group and Air Chateau sign pact
Under the agreement, ENOC will fuel up to 30 helicopters of Air Chateau.Air Chateau offers charter and transportation services to tourists, high net worth individuals and air ambulances.
ENOC Aviation's current supply network spans over 200 airports across 21 countries.
Nayifat Finance to trade on Tadawul
Nayifat Finance Company (NFC) will start trading on Tadawul on November 22, according to a Saudi Exchange filing.The stock will have +/- 30 percent daily price fluctuation limits and +/- 10 percent static price fluctuation limits
These fluctuation limits will be applied during the first three days of listing, and from the fourth trading day onwards
Experts discuss market opportunities at DMCC Dubai Precious Metals Conference
The sector leaders addressed key trends within the global precious metals industry and how to harness current opportunities.The sector leaders addressed key trends within the global precious metals industry and how to harness current opportunities
The session, held under the title ‘Gold versus Bitcoin: competition or coexistence?’, highlighted bitcoin’s growing status as ‘digital gold’
One year from FIFA World Cup, clock ticks ever louder for Qatar
Twelve months before the 21 November, 2022 kick-off, the Qatari capital Doha is dotted with roadworks and building sites that...Twelve months before the 21 November, 2022 kick-off, the Qatari capital Doha is dotted with roadworks and building sites that are causing chaos for its inhabitants
With some Qatari infrastructure projects delayed by the pandemic, the clock is ticking more loudly than organisers might have liked
Airbus predicts 3,020 ME orders
Airbus says the Middle East will need more than 3,000 aircraft by 2040.It made the prediction in its 2021 Airbus Global Market Forecast or GMF
According to the forecast, the Middle-East region will need 3,020 new passenger and freight aircraft deliveries by 2040
Orders placed for 408 aircraft at Dubai Air Show, biggest by Indigo Partners
A total of 408 aircraft (269 firm orders and 139 commitments) were ordered at the Dubai Airshow, the first major...The orders covered the full range of commercial aircraft, including a first commitment for the A350F.
Air Lease Corporation signed a commitment for 111 aircraft, covering the full range of Airbus families.
