CBB Sukuk Al Salam securities oversubscribed by 372%
Manama, Bahrain--The Central Bank of Bahrain (CBB) announced that the monthly issue of the Sukuk Al Salam Islamic securities has...Business
Saudi Arabia, Belarus ink MoU to boost trade, investment
RIYADH, SAUDI ARABIA - The Federation of Saudi Chambers and the National Center for Marketing and Price Study at the...Business Economy Geostrategy
Banan to distribute cash dividends
The shareholders will get dividends for the period ending June 30.Banan Real Estate Company focuses on the investment and development of commercial, hospitality, and residential real estate.
The dividends will be distributed automatically by depositing in the investment accounts linked to the shareholders’ portfolios.
Samsung SDI, Stellantis deal
The two companies will set up EV battery joint ventureThe two companies will set up a "joint production body" in the United States to produce EV battery cells and modules
With the deal, Stellantis has "secured production capacity" to realise its goal to have electric vehicles make up 40 percent of its US sales
Saudi index reaches new highs on oil price rise
The oil price rise is expected to raise the economic growth of Saudi Arabia and the UAE. The kingdom is...Qatar Stock Exchange upwardly revised 0.1 percent on Thursday, aided by a 3.5 percent increase in Nakilat shares.
Egyptian Stock Exchange ended its sessions on Oct. 20 with a collective decline of indices for the second consecutive session.
Abu Dhabi launches virtual license for non-resident foreign investors
Non-resident foreign investors can obtain a virtual license for doing business in Abu Dhabi from any location outside the UAE...Investors can obtain the license from any location outside the UAE and without having to meet residence procedures.
The license covers 13 economic sectors on top of the strategic sectors targeted by the Abu Dhabi government to attract Foreign Direct Investment.
DEWA signs several digital tech agreements at GITEX 2021 stand
Dubai Electricity and Water Authority (DEWA) signed a slew of MoUs with local and international companies at the ongoing GITEX...The MoU with Etisalat is aimed at speeding up the digital transformation using Etisalat’s MobileHub platform.
Digital DEWA subsidiary sInfraX has partnered with WoM Technologies for its planned rollout of the first-ever Low Power Wide Area Network wireless Internet of Things.
Turkey cuts interest rate for second successive month despite soaring inflation
Turkey's central bank cut interest rates for the second successive month on Thursday in what economists interpreted as confirmation of...The central bank has blamed rising inflation on "transitory" factors that will dissipate with time.
The lira extended its fall into record-low territory against the dollar and euro after the announcement.
ACWA Power plans to stop investing in non-renewable projects: CEO
ACWA Power has said it plans to end investment in non-renewable projects in its endeavor to reach net zero by...ACWA holds a one-third stake in the massive $5 billion Neom futuristic city project, which will be powered entirely by solar and wind.
The company, 44 percent owned by PIF, will be "very selective" about the type of gas-powered plants, says CEO
QatarEnergy partners for UK project
This is QatarEnergy and Shell’s first hydrogen agreement.QatarEnergy and Shell have signed an agreement to pursue joint investments in blue and green hydrogen projects in the UK
It apparently establishes a framework for collaboration and joint investment to develop hydrogen solutions in the UK
TAQA lands Aramco water project
The project will be used to make power and desalinate water.The Abu Dhabi National Energy Company or TAQA will develop a greenfield cogeneration power and water desalination project in Saudi Arabia
TAQA will do this along with the Marubeni Corporation for Saudi Aramco
New Zealand passes law to make banks report climate impact
New Zealand has passed a law that will force banks to reveal the impact of their investments on climate change....New Zealand’s Climate Change Minister James Shaw said the law was meant banks, insurance companies, and investment firms
He said it would require them to make mandatory disclosures about their portfolios' global warming record from next year
