Doha Bank bond issue oversubscribed four times
Doha, Qatar - Doha Bank has successfully issued $500 million in international bonds, garnering a total order book of $2...
Business
Business
Israel weathers criticism to host Miss Universe finale
Women from 80 countries vied for the Miss Universe crown in the Israeli city of Eilat on Sunday, with several...
- The 70th edition of the annual pageant, being held in Israel for the first time, has also faced complications from the coronavirus pandemic
- South Africa's Ministry of Sports, Culture and Arts had urged its contestant to stay away from Eilat, citing "atrocities committed by Israel against Palestinians"
Business
Saudi Port launches transshipment service linking Dammam with many ports
MAWANI also aims to attract a major share of the global transshipment operations to Saudi ports by implementing several projects...
- The service is launched in partnership with Saudi Global Ports Co and the international shipping line Orient Overseas Container Line.
- The Saudi Ports Authority seeks to raise the Kingdom's share in the transshipment market from the present 21 percent to 50 percent by 2030.
Business
UAE and Mauritius stress boosting economic, commercial relations
The UAE and Mauritius have stressed the importance of boosting economic and commercial relations between the two countries. A meeting...
- Mohamed Hadi Al Hussaini, UAE Minister of State for Financial Affairs, and Renganaden Padayachy, Mauritius Minister of Finance at its Dubai headquarters.
- The meeting took place on the sidelines of the Mauritian delegation’s visit to Expo 2020 Dubai.
Business
Al Arabia of KSA sets up a joint stock firm in Egypt
Al Arabia also known Arabian Contracting Services Co., has set up a joint stock company in Egypt with United Media...
- The outdoor advertising company said in a statement to Tadawul that it aims to bring about “a qualitative leap” in the sector in Egypt
- The joint stock company will operate under a 25-year agreement and establish at least 120 advertising screens in Egypt
Business
UAE and Russia foreign trade reaches $4 billion in 2021
The total foreign trade between Russia and the UAE is set to reach around $4 billion by the end of...
- In 2020, the trade between the two countries amounted to $3.3 billion, said Sergey Cherimin, Minister of the Government of Moscow.
- Russian companies have opened offices in the UAE, and today there are more than 4,000 of them, the minister said.
Business
SEDCO of Saudi Arabia to hike REIT fund by $187m
SEDCO Capital of Saudi Arabia has launched an additional offering of its real estate investment trust fund to increase asset...
- The offering period will run for five days until Dec. 16, the company said in a statement
- SEDCO Capital wants to increase the total asset value of the fund, as well as raise additional equity up to SR575 million
Videos
Reasons behind shortening UAE’s workweek
This week's TRENDS Explainer video tries to find the rationale behind curtailing the number of days in the UAE's workweek...
- The Gulf country is transitioning to a 4.5-day workweek. Now, weekends will consist of Friday afternoon, Saturday and Sunday
- The move makes the UAE the first nation to formalize a workweek shorter than five days. It also brings the country more in line with Western schedules
Business
Emirates Health Services to upgrade executive regulations
The Emirates Health Services (EHS) is looking to upgrade executive and financial regulations and ways to develop the capabilities of...
- The EHS board of directors discussed various ideas at a meeting at its headquarters in Dubai
- The board members reviewed the agendas of the meeting as well as the latest developments and reports submitted by EHS departments to evaluate their performance
Business
UAE launch trials of autonomous taxis
The UAE last month approved a temporary license to test self driving taxis on the roads with safety officer sitting...
- Bayanat started the trial of two electric and two hybrid taxis under the name TXAI
- Dubai will launch 4,000 self driving taxis by 2030
Business
Empower lists on DFM
Empower is the world’s largest district cooling services provider.
- Empower was established in 2003 to enable the real-estate sector to efficiently utilize energy through district cooling services
- The company is said to currently have a 79 percent market share in Dubai’s district cooling sector
Doha Bank bond issue oversubscribed four times
Doha, Qatar - Doha Bank has successfully issued $500 million in international bonds, garnering a total order book of $2...
Business
Company News
Are ‘unethical’ PR tactics harming GCC journalism?
Investigation
Are ‘unethical’ PR tactics harming GCC journalism?
Investigation
Latest News
PIF-backed oil driller ADES International Holding announces IPO
Riyadh, Saudi Arabia -- ADES International Holding, an oil and gas driller backed by Saudi Arabia’s sovereign wealth fund, PIF,...
Business
ADIB enhances mobile app for international money transfers
Abu Dhabi, UAE - Abu Dhabi Islamic Bank (ADIB) has introduced enhanced international transfer features on its mobile app and...
Business
Google’s Russian division faces bankruptcy as debt to creditors soars: TASS
Moscow, Russia - Google's Russian subsidiary is on the brink of bankruptcy as it struggles to cope with its mounting...
Business
Most Read
China EV giant XPeng to buy rival for over $740m
Founded in the southern province of Guangdong in 2015, XPeng is one of dozens of Chinese startups to emerge in...
- In a filing to the Hong Kong Stock Exchange, the car giant said it had reached a deal with Didi to buy that subsidiary for $744 million
- XPeng sold 41,435 vehicles in the first half of 2023, down 40 percent year on year, according to results published this month
Business
Barclay family seeks Telegraph control with UAE investor support: report
Dubai, UAE - The Barclay family is reportedly making a bid to regain control of the Telegraph newspaper group. Months...
- The Telegraph's parent companies faced financial turmoil and went into receivership earlier this year
- This situation presented a rare opportunity for investors to step in and acquire one of Britain's most prominent newspaper groups
Business
More Middle Eastern firms embrace Responsible AI
A significant 16% of Middle Eastern organizations have fully implemented Responsible AI policies and processes, a latest report highlights.
- A significant 16% of Middle Eastern organizations have fully implemented Responsible AI policies and processes, a latest report highlights
- With AI-related risks on the rise and the regulatory environment in flux, the onus is on businesses to navigate this terrain with agility