Toyota to suspend shipments of 10 models due to testing irregularities
Tokyo, Japan - Toyota said Monday it was suspending shipments of 10 models that use engines linked with testing irregularities at...Business
DAE, Turkish Airlines ink pact
Turkish Airlines will take on lease 10 Boeing 737-8 aircraft.Company News Business Geostrategy Aviation
Time to decrypt internet speed in Arab world
This week's TRENDS infographic tries to find out where do Arab countries stand in terms of the speed of broadband...The internet connectivity is a cornerstone to business, education, financial literacy, access to employment and health care through telemedicine
This TRENDS infographic tries to find out where do Arab countries stand in the latest Speedtest index.
Tadawul shares set to trade, after huge investor interest
After evoking a huge interest in investors, shares of Tadawul group will begin trading on the main market on Wednesday,...The individual subscribers tranche of Tadawul’s initial public offering was 442.53 percent oversubscribed with a total demand of SR5.02 billion ($1.3 billion)
The stock exchange group was offering 10.8 million shares to individual investors, or 30 percent of the total offer shares at a final price of SR105
Curtain goes up on first Saudi film festival
Less than four years after lifting a ban on cinemas, Saudi Arabia is to host its first major film festival...Movie houses were barred for decades until April 2018, but over the next 10 days, actors and directors will tread the red carpet at Jeddah's Red Sea International Film Festival
It will showcase 138 long and short films from 67 countries in more than 30 languages
Jordan olive festival clocks sales of $4.23m
The sales of the 10-day festival included olive oil and various rural products, in addition to production kitchens.The festival was conducted in cooperation with the Ministry of Agriculture and several local and international partners
In all, 263,458 people visited the event this time
Saudi Arabia, UAE ripe for hydrogen investments
Green hydrogen has the potential to rapidly replace fossil fuels on a large scale, says Cranmore Managing Partner Yusuf Macun.Green hydrogen has a lot of potential particularly in heavy transport and heavy industries
Green hydrogen has the ability to rapidly replace fossil fuels while simultaneously enhancing electrification
ENOC plans Dubai compact stations
The first compact station opened at Dragon Mart 2 this month.After Dragon Mart and International City, the ENOC Group plans to open five more compact stations in Dubai
The remaining seven expected to be launched across additional locations by 2023
Governments helped arms firms avoid Covid-19 slump
Governments around the world passed measures to help their big weapons firms, according to the Stockholm International Peace Research Institute...Top 100 arms producers recorded rise in profits by 1.3 percent on 2019 to $531 billion
Of the top countries in the weapon industry, only France and Russia saw a fall in their firms' sales last year
Oxford Business Group, QDB report maps Qatar’s start-up and SME ecosystem
A new report produced by Oxford Business Group (OBG) in partnership with Qatar Development Bank maps out the country’s efforts to...The Business Journey Report combines analysis, key data and infographics relating to the socio-economic landscape.
The key focus for Qatar's vision 2030 is the country’s ongoing economic diversification and private sector development agenda.
OFID’s $80m loan expected to boost trade in Africa
The OPEC Fund for International Development (OFID) has signed an $80 million loan agreement with the African Export-Import Bank (Afreximbank)...The financial support will assist in boosting Afreximbank's liquidity to grow its loan portfolio as it finances exports and imports in critical sectors
The OPEC Fund's loan will address trade challenges impacted by the COVID-19 pandemic
Borouge awards EPC contracts
The $6.2 bn contracts are meant for expansion in RuwaisWith this expansion, Borouge said it will become the world’s largest single-site polyolefin complex.
Borouge 4 will boost the company’s annual polyolefin production to 6.4 million tons.
