35 Jordanian companies to participate in Gulfood 2024 in Dubai
AMMAN, JORDAN – A total of 35 Jordanian companies are taking part in Gulfood 2024, the world's largest annual food...
Business
Asian markets rally after Wall Street highs, oil prices slide
"The weakness of yesterday's US retail sales release have given market doves a new lease of life and allowed them...
Business
Ajman posts Dh931 million property deals
A total of 557 property deals worth Dh931 million were recorded in Ajman in April 2021 Dubai’s realty sector posted...
Traditional airports need to become ‘smart’
Smart counters reduce waiting time, queues, waiting time at passport control, security check, duty-free and other outlets Online check-in by...
Saudi Aramco chairman Yasir Al-Rumayyan joins Reliance Industries Board
Saudi Aramco chairman and Governor of the Kingdom's Public Investment Fund, Yasir Al-Rumayyan, has been inducted into the board of...
Alpha Dhabi plans IPO, ADX listing with $2.2-billion capital
Alpha Dhabi also announced that it was moving ahead with its initial public offering The IPO may comprise a sale...
Fledgling UAE rail network step towards bridging the Gulf
When completed, Etihad Rail will operate 1,200 km of track connecting all of the emirates *Authorities believe freight train will...
Suspected cases of corporate collusion in Saudi Arabia surge in 2021
The value of the project under investigation $267 million From 15 in 2019, cases rose to 86 in 2021 Cases...
Jeddah Economic City: 90% of road, landscaping work done
The megaproject includes the world's tallest tower The city will have 210 towers that will be over 30 floors high...
Egypt-UK trade up 8 percent to $722m in Q1 2021
Britain third-largest investing country in Egypt after UAE, Saudi Arabia Egyptian food exports to UK surged by 76 percent despite...
Bitcoin fund launches on Dubai bourse in Mideast first
Canadian digital asset manager 3iQ Corp seeks to raise around $200m in the offering Bitcoin price slumped recently due to...
Realsmart launches blockchain-enabled real estate platform
Platform enables investors to buy security tokenized shares in world-class real estate on the blockchain It makes safe, fast, and...
35 Jordanian companies to participate in Gulfood 2024 in Dubai
AMMAN, JORDAN – A total of 35 Jordanian companies are taking part in Gulfood 2024, the world's largest annual food...
Business
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Norway threatens $100,000 daily fine on Meta over use of personal data
The Norwegian watchdog, Datatilsynet, said Meta uses information such as the location of users, the content they like and their...
ADIB unveils fixed-rate home finance
In a UAE's first, Istikrar will offer long-term, fixed-rate home finance.
Business
Erdogan seeks foreign investment on Gulf tour, begins with Saudi Arabia
Turkish President Recep Tayyip Erdogan has embarked on a three-state Gulf tour, beginning with Saudi Arabia, as he seeks to...
Geostrategy
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Business
ADNOC L&S buys VLCC
Firm has committed $2 billion for more such carriers.
- The very large crude carrier is a four dual-fuel engine ship – which can also run on liquefied natural gas.
- The carriers, which can carry up to 2 million barrels of crude per voyage, were built in South Korea.
Business
ACWA to get land for Egypt wind project
The Saudi energy developer will be allocated 3,000 sq km of land.
- Once operational, the wind farm is expected to produce approximately 50,000 gigawatt-hours of clean energy annually.
- It will provide electricity to around 11 million households and significantly reduce carbon emissions by 25.5 million tons per year.
Geostrategy
Saudi Arabia, Japan issue joint statement on Lighthouse Initiative for Clean Energy Cooperation
RIYADH, SAUDI ARABIA – Saudi Arabia and Japan issued a joint statement on Lighthouse Initiative for Clean Energy Cooperation. The...
- Recognizing net-zero and clean energy ambitions, both sides decided to establish the KSA-Japan Lighthouse Initiative for Clean Energy Cooperation.
- The initiative will serve as a beacon for other countries and regions as they develop their strategies and roadmaps toward their net zero ambitions.