Dubai posts real estate transactions worth $3.5bn in week ending January 19
DUBAI, UAE - The real estate and properties transactions valued at US$3.5 billion (AED13 billion) in total during the week...Business
In Davos, AI excitement persists but fears over managing risks
A recent IMF report said AI would affect nearly 40 percent of jobs around the world, and some 60 percent...Business Economy Geostrategy Global Tech & Media
MODON and Bin Laden Company to build industrial city
The Saudi Authority for Industrial Cities and Technology Zone (MODON), has teamed up with Mohammed Bin Laden Co. to develop...The city located in Bahrah, a town in Makkah province, is a step to empower the industry and increase the local economic activity in GDP terms by 65 percent
MODON was established in 2001 to develop industrial lands with integrated services
Sawiris wants ‘level playing field’ for Egypt business
The second richest man in Egypt, Sawaris has said that the Egyptian government should act only as a regulator of...Sawiris built his fortune in telecommunications by investing in mobile networks in countries such as Bangladesh, Iraq and Pakistan.
The military's economic reach has grown under President Sisi's leadership, partnering up with firms such as the Sawiris family's Orascom.
India police charge Amazon executives over online drug sales
Indian police have charged executives from Amazon's local arm over claims the US retail behemoth's online portal was used to...Two men were arrested last week with 21 kilograms (46 pounds) of the drug in central Madhya Pradesh state and told officers they were using Amazon's India platform
They admitted to shipping their crop by falsely marketing it as stevia leaves, a natural sweetener, according to a police report
Dubai approves 55,000 business licenses in 2021
More than 55,000 new business licenses were issued during the first ten months of 2021 by the Business Registration and...According to a report by the Business Registration and Licensing sector, 59% of the new business licenses issued were professional, and 41% were commercial
Among the legal forms of the new licenses issued, the report showed that Sole Establishment companies topped the list with 38%
Abdullah Al Othaim Markets CEO quits
Mohsen Saqer Hussain will serve as an advisor to the Board.The Board said Muwaffaq Mansour Jamal will be the delegated CEO of the company from 17 Dec.
Hussain quit due to family circumstances that require his presence outside the kingdom.
Tadawul looks to raise $1bn from its IPO
Tadawul is looking to raise up to $1 billion from its initial public offering (IPO), after setting the price range...Tadawul appointed SNB Capital as the lead manager, financial advisor, book-runner, Global Coordinator and underwriter for the initial public offering
while J.P. Morgan Saudi Arabia, and Citigroup Saudi Arabia were appointed as financial advisors on the offering of 36 million shares of Saudi Tadawul Group Holding Co
Doha sees roadworks, traffic jams in Qatar World Cup run-up
Development of drainage stations, water treatment plants, pumping, and rainwater drainage networks in several parts of Doha.Qatar expects 1.5 million visitors for the World Cup
Flooded roads due to rain is a problem which confronts people in Doha
Qatar World Cup ‘unfairly treated’ on rights
There had been 'extraordinary' progress, including the introduction of a minimum wage and improvements to working conditions and accommodation, says...There has been 'extraordinary' progress, including the introduction of a minimum wage and improvements to working conditions and accommodation, says Khater
Qatar will hold the first World Cup in the Middle East a year from now, in eight stadiums in and around the capital Doha
Hamilton hits ‘sweet’ spot to claim inaugural Qatar GP pole
Lewis Hamilton maintained the momentum from last week's stunning win in Brazil to claim pole for the inaugural Qatar Grand...Max Verstappen, who leads his Mercedes rival by 14 points with three races to go, will start alongside Hamilton on the front row on Sunday
Hamilton's teammate Valtteri Bottas posted the third quickest time under floodlights at the Losail circuit to fill the second row with Pierre Gasly for Alpha Tauri
UAE shares its proposals with IMO for strategic reforms
The United Arab Emirates has given three proposals to the International Maritime Organization (IMO), supporting the reforms undertaken by IMO...The reforms were introduced during the meetings of the IMO Council, where the UAE has a Category (B) membership
Through this move, the country hopes to keep pace with global changes and technological developments
