Mawani completes Red Sea Gateway Terminal at Jeddah Islamic Port
Riyadh, Saudi Arabia - The Saudi Ports Authority, Mawani, announced the completion of the Red Sea Gateway Terminal at Jeddah...
Business
Google AI research hub in Paris to host 300 experts
The new hub part of a trend for big tech firms to base teams in European centers.
Business
Burj Khalifa to relaunch sunrise experience from At The Top restaurant
This and other experiences had been stopped due to the Covid-19 pandemic and the resulting lockdown The experience...
Bank ABC and FAB arrange a $250-million 2-year Syndicated Term Loan Facility for BankDhofar
Bank ABC and FAB acted as joint coordinators, underwriters, initial mandated lead arrangers and book runners for a facility to...
Explore Dubai’s homegrown produce scene
Dubai's vast food scene can be explored in local farms, specialty shops Focus on food security and regenerative farming...
Dubai seeks new source markets to drive tourism recovery
Emirate attracted over 5.5 million overseas visitors in 2020 Visitor from newer markets in Europe, Africa and the Commonwealth...
Undervaluation of work in progress is UAE construction sector’s biggest challenge
69 percent of those polled believe decisions on capital projects during construction phase marred by short-term approach British Business Group...
Iraq arrests 2 generals on suspicion of bribery at key port
Both men worked at the Gulf port of Umm Qasr, a key entry point for foodstuffs, medicines Waiving customs duties,...
Dubai’s yachts offer socially distanced luxury
After the easing of lockdown, people feel yachts offer a secure way to travel People are hiring yachts for cruising,...
ACCA members eligible to apply for UAE Chartered Accountant tag
ACCA members can apply for UAE Chartered Accountant designation AAA and ACCA will agree to share information with technical knowledge...
Hotels in Riyadh earn best rates in three months as travelers fill up rooms
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Fashion e-commerce grows in UAE, Saudi
The growth in the sector is mainly attributed to the ongoing Covid-19 pandemic Ounass, a luxury online store, launched in...
Mawani completes Red Sea Gateway Terminal at Jeddah Islamic Port
Riyadh, Saudi Arabia - The Saudi Ports Authority, Mawani, announced the completion of the Red Sea Gateway Terminal at Jeddah...
Business
Company News
LVMH posts Q1 revenue of $23.1bn
Business
Latest News
Twitter has lost half its advertising revenue, says Musk
Twitter owner Elon Musk said Saturday that the social media platform he bought for $44 billion last October has lost...
Tesla rolls out its first electric pickup, the Cybertruck
The company had promised in April that it would be rolling out the first Cybertrucks before the end of the...
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Business
Rise in foreign sukuk offset by local currency decline
Saudi Arabia's reduced banking liquidity and lower oil prices have led to a decline in local currency sukuk, but a...
- Saudi Arabia's reduced banking liquidity and lower oil prices have led to a decline in local currency sukuk, but a surge in foreign currency issuances, says a report
- A new report by S&P Global Ratings indicates mixed activity levels, suggesting the need for harmonization of Sharia standards to attract non-core jurisdictions
Business
CBD H1 2023 net profit $133m
Profit is a 41.5 percent jump compared to H1 2022.
- This remarkable growth in net profit is attributed to outstanding revenue contribution across net interest and other operating income.
- The economic outlook for the UAE and business confidence continue to be encouraging, powered by buoyant domestic activity.
Geostrategy
Ukraine grain deal failed to achieve objective, says Putin
Russian President Vladimir Putin said the main objective of the deal that allowed Ukrainian grain exports to resume was not...
- A memorandum on unhindered Russian food and fertilizer exports had been signed in parallel to the grain deal.
- "The main goal of the deal, namely the supply of grain to countries in need, including on the African continent, has not been implemented," Putin said.