Consumer products sector grows amid rising prices
The consumer products sector enjoys tremendous growth, with retail sales value for the industry globally rising by close to 10...
Business
Passenger traffic could exceed earlier figures, says Dubai Airports’ CEO
DUBAI, UAE – The airport here has "every chance" of breaking its record for passenger traffic this year after surpassing pre-pandemic...
Business
Oman bans network marketing, pyramid schemes
The authorities will impose a fine of OMR 5,000 (nearly $13,000) on anyone who is found violating this ban, with...
Private firms in Oman can use government evaluation system
The existing method of appraisal is based on work experience, an employee’s behavior, and how long he/she spends at work.
A project to extract water from air at Masdar soon
It will evaluate the performance of US-based water technology firm AQUOVUM’s Atmospheric Water Generation technology.
Russian sway in Suez Canal Economic Zone to widen after deal
Egypt and Russia have signed a deal to allow the latter to expand its industrial zone within the Suez Canal...
Luxury looks homeward as Covid curtails travel
LVMH -- home to Louis Vuitton, Moet, Fendi, and Kenzo brands among others -- saw first-half sales climb by 11...
The chips are down: why there’s a semiconductor shortage
The car industry has been the most visible victim so far, with many brands forced to slow their output in...
Grandweld delivers second Surfer 2 boat to Abu Dhabi group
This was the second of the three boats, which Grandweld Shipyards brands as the Grand Superior, that Allianz Middle East...
Saudi Arabia invites more than 80 British companies for business
The companies that attended the Saudi workshop were from fields including innovation, technology, space, research, and development.
Two dead in attack on Israel-linked oil tanker off Oman
Analysts said the attack bore all the hallmarks of tit-for-tat exchanges in the "shadow war" between Israel and Iran
Israel’s Rafael ties up with Lockheed Martin to make new laser weapon
Lockheed Martin has said that the two companies would also explore opportunities to market this system — meant for Israel...
Consumer products sector grows amid rising prices
The consumer products sector enjoys tremendous growth, with retail sales value for the industry globally rising by close to 10...
Business
Company News
Latest News
Arab SWFs accelerate dealmaking amid scarce funding
Joint investments by sovereign funds hit a record $17.2 billion in H1 this year as Gulf states fund global equity...
Business
Arab-Indian Chamber of Commerce to be unveiled soon
NEW DELHI, INDIA - A Joint Arab-Indian Chamber of Commerce is to be “activated” soon. This was announced in the...
Business
ECB wants reports on weekly basis to tighten monitoring of banks’ liquidity
BERLIN, GERMANY - The European Central Bank (ECB) announced on Saturday it wants to monitor the liquidity of banks in the...
Business
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Economy
Electric vehicles, lithium-ion, solar batteries become new drivers of China’s foreign trade
Beijing, China - China's traditional export sectors, such as apparel, home appliances, and furniture, have been surpassed by electric vehicles,...
- These "new three" industries have contributed to an impressive 61.6 percent year-on-year increase in total export value during the first half of 2023
- A combination of factors, such as production innovation and favorable policies, has facilitated the export growth of these sectors
Economy
Saudi Arabia to host MENA Climate Week in October to ‘assess progress’
Riyadh, Saudi Arabia--Saudi Arabia will host the MENA Climate Week 2023 in Riyadh on October 8-12, in coordination with the...
- According to the ministry of energy, the event will examine the progress made in realizing the objectives outlined in the Paris Agreement
- It added the event will bring into focus the region's initiatives and approach to climate action and shed light on the impact of climate change
Economy
DEWA exhorts customers to take ‘measures’ in order to avoid fire
Dubai, UAE--Dubai Electricity and Water Authority (DEWA) has called on the public to take all necessary measures to avoid the...
- Exhorting customers to use its smart services, DEWA asked them to visit its website and smart app in order to protect people and property
- It urged customers to use proper insulation in order to cover wires and be careful of exposed wires and damaged electrical parts