Manufacturers pack smartphones with AI tools to boost sales
Barcelona, Spain - Smartphone makers are packing their latest devices with flashy new artificial intelligence tools such as real-time voice translation...
Business
Toshiba profit down 35%
Business
Emaar Properties logs 43% growth
Business
Alcoa to buy Alumina in all-stock deal
The US aluminum producer will buy Alumina for US$2.2bn.
Business
Business
Digital transformation helps GCC banks prosper
Digital transformation brought about by COVID-19 has made banks more open to branchless and cashless banking enabling them to perform...
- Tech adoption amidst COVID-19 makes regional banks more open to branchless and cashless banking enabling them to manage better in H1 2021 than they did in 2020
- The margins of the regional banks were under pressure throughout 2020 and early this year, but they managed to stay afloat by reducing costs and improving efficiency
Business
Dubai records weeklong real estate transactions worth $1.6 billion
DUBAI: Dubai has recorded 1,592 real estate and properties transactions worth AED6 billion ($1.6 billion) in total during the week...
- A plot of land in Al Thanayah Fourth sold for AED59.5 million and an apartment for AED373 million in Marsa Dubai.
- Al Yufrah 3 recorded the most transactions for this week with 17 sales transactions worth AED15.66 million.
Expo 2020 DUBAI
Breathtaking start of Expo 2020 Dubai
Dubai opened its extravagant Expo 2020 on Thursday with a flashy ceremony boasting fireworks and lights displays as it attempts...
- The event kicks off a six-month world fair attended by more than 190 countries
- The Expo venue is alive with music, dance, drama and projections with its star-studded opening ceremony
Business
Ajman Chamber reduces membership registration fee by 50 percent
DUBAI: A 50 percent reduction in the membership registration fees in the Ajman Chamber of Commerce and Industry for new...
- The offer is valid only if the registration request is submitted between Oct 1 and March 31.
- The decision comes into force from October 1.
Expo 2020 DUBAI
Expo 2020 launches official visitor app and business-focused app
Expo 2020 Dubai has launched its official visitor app and a business-focused app.
- The official Expo 2020 app allows users to tailor their visit to the event, matching individual interests to create a personal schedule
- The Expo 2020 Business App matches users with similar interests and objectives among the business community
Arts & Culture
Qatar to hold its first-ever Formula One Grand Prix
The race will take place at the Losail International Circuit north of Doha on November 21 and will form the...
- The Australian GP, traditionally a season-opener, was moved towards the end of the season but was canceled for a second year running.
- Qatar has also signed a 10-year deal to host Formula One from 2023.
Business
East Pipes Integrated plans IPO
The Saudi Arabia-based company gets approval to float 6.3 million shares.
- The offering will be limited to qualified investors, who should conduct their own due diligence on the information disclosed in the company’s prospectus
- 6.3 million shares to be floated as the measure has been approved by Saudi Arabia’s Capital Market Authority
Business
EDB to push Ajman growth
The EDB-Ajman MoU is in line with the Make it in the Emirates Campaign.
- Under the terms of the agreement, EDB will support SMEs registered at Ajman Free Zone, in line with its applicable policies and procedures
- In addition, the companies operating in the free zone will be given access to the bank’s key programs, financing solutions, and other facilities
Business
ABHGA readies $13bn investment
This agreement can be considered the start for several projects.
- This agreement aims at increasing the level of cooperation between the public and private sectors to achieve the objectives of Vision 2030
- The areas of cooperation between ABHGA and NIDLP, subject to this agreement, includes establishing a joint framework
Economy
2021 a year of recovery in oil market: OPEC Sec Gen
Barkindo underscored the importance of the efforts by the Declaration of Cooperation (DoC) Participating Countries in accelerating the rebalancing process...
- Barkindo underscored the importance of the efforts by the Declaration of Cooperation (DoC) Participating Countries in accelerating the rebalancing process in the global oil market
- The Secretary General also stressed the need to remain cautious and attentive to an ever-evolving market situation
Manufacturers pack smartphones with AI tools to boost sales
Barcelona, Spain - Smartphone makers are packing their latest devices with flashy new artificial intelligence tools such as real-time voice translation...
Business
Company News
Toshiba profit down 35%
Business
Emaar Properties logs 43% growth
Business
Latest News
Dubai mega-wheel billed as world’s largest stops turning
Ain Dubai (Dubai Eye) was designed as a tourist-luring landmark in the United Arab Emirates' glam-hub, which is home to...
Business
Oman’s natural gas production climbs up 2.3 percent at June end
Muscat, Oman-- Oman's total domestic production of natural gas shot up 2.3 percent to 26.19 billion cubic meters (CBM) until...
Business
To boost tourism, Saudi Arabia expands visitor e-visa to eight more countries
Riyadh, Saudi Arabia-- Looking to boost leisure, business and religious travel to the kingdom, Saudi Arabia will grant visitor e-visa...
Business
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Business
Office rents in Saudi Arabia’s capital grow 12-14 percent in Q2: Report
Riyadh, Saudi Arabia -- Most of Saudi Arabia's real estate market sectors recorded growth in the second quarter of 2023,...
- Grade A office rents in the capital Riyadh growing by 12.2 percent and Grade B rents rising by 14.4 percent year-on-year.
- The residential sector saw a decline in transaction volumes by 38.1 percent in the year to June 2023.
Business
Saudi Arabia’s PIF creates 181,000 jobs in 2022, boosts economy
Saudi Arabia's employment figures received a significant boost in 2022, thanks to the efforts of the Public Investment Fund (PIF),...
- The sovereign fund has ambitious goals and aims to increase its assets under management to SAR4 trillion by 2025.
- The fund's assets under management also saw substantial growth, increasing by 12.8 percent to $595 billion in 2022.
Business
PIF sets up SRJ Sports Investments firm
The investments are expected to localize partnerships.
- The new company will target businesses specialized in offering unique fan engagement activities and transformative sports technology.
- This firm will help bolster Saudi Arabia’s position as one of the world’s leading sports and entertainment destinations.