Saudi Arabia aims to build ties with Canada in scientific and research fields
Riyadh, Saudi Arabia-- Saudi Arabia is exploring investment opportunities in education and aiming to attract investments to the kingdom from...
Business
Business
Three-day international e-marketing, e-commerce exhibition begins in Riyadh
The President of the Saudi Post Corporation "Sabil" Anf bin Ahmed Abanmi, inaugurated on Monday the Saudi International Exhibition for...
- The concept of creating websites for Electronic platforms and applications in the field of marketing and e-commerce will be a part of the event.
- The exhibition will hold a number of sessions, training courses and free workshops with certificates of attendance, presented by a group of specialists.
Economy
UAE private sector asked to pay employees through Wage Protection System
The UAE Ministry of Human Resources and Emiratization (MoHRE) called on private sector establishments to commit to timely paying the...
- Ministry of Human Resources and Emiratization asks employers to register and document any agreement with their workers regarding the change of wages through the approved system.
- The UAE has been the pioneer in launching the WPS, which, since its implementation in 2009, has been praised by the International Labor Organization.
Business
UAE and Mexico discuss parliamentary cooperation
Dr. Tariq Humaid Al Tayer, Head of the Emirati-Latin American and North American Parliaments Friendship Committee of the Federal National...
- Both sides discussed ways of boosting the parliamentary cooperation between the UAE and Mexico, by signing a Memorandum of Understanding (MoU)
- Al Tayer lauded the advancing bilateral relations between the two countries, which were established in 1975
Business
Biggest MENA steel event begins at Expo Centre Sharjah
The exhibition highlights state-of-the-art innovations of more than 400 world-leading brands from 30 countries
- The 4-day event is organized by the Expo Centre Sharjah with the support of the Sharjah Chamber of Commerce and Industry
- The event would display modern technologies in metal forming, laser systems for metal cutting, steel fabrication machines
Business
MoHRE of UAE asks employers to pay wages via WPS
The Ministry of Human Resources and Emiratisation (MoHRE) has asked private sector establishments to pay the wages of their workers...
- The WPS enables employers to fulfill their obligations towards their workers in the easiest way through the strategic partnership with the Central Bank
- MoHRE provides the 'Statement of Account' service to the establishments registered with it on a monthly basis
Business
Zayed University teams up with Injazat for EdTech projects
Zayed University has signed a Memorandum of Understanding (MoU) with Injazat, a Digital Transformation, Cloud, and Cyber Security company, to...
- The partnership will see Zayed University match students from their College of Interdisciplinary Studies
- The program will benefit from InGenius, the dynamic innovation lab by Injazat that follows the methodology of using agile practices, lean processes
Business
GMG to foray into North Africa
Plans to open more than 100 stores in Egypt within next five years.
- The group plans to introduce its sneakers-focused concept, dropkick, and its Nu Athlete concept catering to a youth demographic.
- Recently, GMG said that by 2025, it aims to double its global workforce through acquisitions, developing fresh concepts, and entering new geographies.
Business
Decrees regulating Dubai Chambers and their Boards issued by Sheikh Mohammed
Dubai Chambers has been established as a new entity, replacing the Dubai Chamber of Commerce & Industry, and Juma Al...
- One of the decrees establishes the Board of Directors for Dubai Chambers and appoints Abdul Aziz Al Ghurair as its Chairman.
- As per the new legislation, Dubai Chambers' main responsibility is to develop plans and policies to enhance the emirate's global status as an economic hub.
Business
Abu Dhabi Exchange and FTSE Russel create new benchmark indices
The Abu Dhabi Securities Exchange (ADX) and FTSE Russell have partnered to develop co-branded indices, supporting the exchange’s recently launched...
- FTSE ADX sector indices will take the place of the existing sector indices, leveraging the Industry Classification Benchmark.
- ADX is the first exchange in the region to make FTSE Russell its index administrator.
Economy
Egypt’s plasticware exports rose by 43% in 2021: Trade minister
Chemical industries topped Egypt’s plasticware exports in 2021 with a total value of $2.7 billion compared to $1.4 billion posted...
- Chemical industries topped Egypt’s plasticware exports in 2021 with a total value of $2.7 billion compared to $1.4 billion posted in 2020
- In 2021, the Egyptian exports recorded their highest growth of $31 billion despite the ongoing Covid-19 pandemic
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Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
Company News
ADIA, EQT to buy Dechra
Business
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DGCX waives fees for Shari’ah compliant Spot Gold Contract
Dubai, UAE -- The Dubai Gold & Commodities Exchange (DGCX) Tuesday said it is waiving trading, clearing and delivery fees...
Business
Among the airlines, SAUDIA Airlines had the fewest complaints in July
Riyadh, Saudi Arabia – A total of 1,873 complaints were filed by travelers against air carriers in Saudi Arabia last...
Business
Passenger traffic at Dubai airport jumps 50% to 41.6m in H1
Surpassing pre-pandemic levels, more than 40 million passenger visits were recorded at Dubai international airport in the first half of...
Economy
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Business
Sustainable finance helps achieve net-zero emissions
"Together, we are working under the direct supervision of the Central Bank of the UAE to further advance sustainable finance...
- Six major UAE banks have dedicated over US$51.8 billion in green financing for renewable energy, waste-to-energy, and green technology projects
- UBF members will play a critical role in integrating environmental values into business and industrial progress during the upcoming COP28, says its chief
Business
UAE stocks generate strong cash flows as IHC stands out
Abu Dhabi, UAE--UAE stocks generated strong cash flows on Monday as the International Holding Company (IHC) maintained robust performance and...
- Hit by the low performance of the banking and financial service index, which fell 0.152%, Abu Dhabi's Index FADGI closed 0.248% down at 9,776.340 points
- Among the best performers were the Union Properties Company, closing 6.960% higher at AED0.415, followed by the Emirates Reem Investments, closing at AED4.280
Business
SRMG Ventures invests $5m in Anghami, MENA’s music streaming platform
Riyadh, Saudi Arabia - SRMG Ventures, the venture capital arm of the largest integrated media group in the MENA region,...
- The music and audio sector in the MENA region is projected to reach $700 million by 2026
- Anghami boasts 120 million registered users, up from its 75 million users in 2021