Dubai job hunt: Tips for success in the city of opportunity
Dubai, UAE - The UAE was recognized as the top destination for international professionals seeking employment visas. According to the...
Economy
UAE announces monthly allowance of 50% of basic salary for imams, muezzins
Abu Dhabi, UAE - United Arab Emirates has announced a provision of a monthly financial allowance equivalent to 50 percent...
Business
Turkey tourism industry bemoans Russia-Ukraine war
Every Sunday Noori Sani welcomes his old friends around a bountiful Turkish breakfast in Istanbul. But surrounding him now are...
- Within a few days of Russia's invasion of Ukraine on February 24, Ukrainians and Russians cancelled reservations for trips of Turkey
- Visitors from Ukraine and Russia made up over a quarter of all tourists who arrived in Turkey last year, tourism ministry reported
Economy
Ukraine crisis threatens Arab wheat supplies
A look at the Arab countries that are dependent on wheat imports from Ukraine and Russia.
- Russia is the largest producer of crude oil, second largest producer of gas and the largest exporter of wheat.
- Many Arab countries depend on Russia for their wheat imports and fear disruption in supplies.
Economy
Discussion held on a study as part of Riyadh Economic Forum’s next edition
A panel discussion was organized by the Riyadh Economic Forum to review the progress of an important study, “New Investments,...
- Several government officials, academics, businessmen and women and others participated in the discussion.
- The study explores future scenarios for the industrial fields related to the knowledge economy.
Business
Inaugural session of Qatar-Nigeria Economic Forum begins
The Qatar-Nigeria Economic Forum kicked off in Lagos, the economic capital of the Federal Republic of Nigeria.
- The Forum aims to enhance economic cooperation and review business opportunities between the two countries
- A special focus will be placed on cooperation in the fields of manufacturing, construction, oil and gas and technology
Business
World’s first robot citizen Sophia to attend Dubai audit conference
The humanoid robot Sophia, the world's first robot citizen, will arrive in Dubai on Tuesday, March 8, to participate in...
- Sophia will attend largest smart conference for internal auditors, the 20th Annual Regional Audit Conference from March 7- 9.
- Sophia became the world's first robot citizen after Saudi Arabia granted her citizenship in October 2017.
Economy
Tunisia starts operation of 10MW solar plant in Tozeur governorate
A 10 megawatt solar photovoltaic plant named Tozeur 2 has started operations in Tozeur, a governorate in southwest Tunisia. The...
- The plant, built at a cost of 25 million dinars ($8.4m) will consolidate the production of the first plant Tozeur 1, to reach a total capacity of 20 megawatts.
- The two plants will supply one third of the governorate's electricity needs, equivalent to the consumption of about 18,000 families.
Science
Jordan inventors use TechWorks to realize dreams
TechWorks is a Jordanian platform aimed at bringing together youth, ideas and resources to jump-start innovations.
- Set up in 2018, TechWorks says its mission is ‘to plug into entrepreneurial and innovation ecosystems’ and turn ideas into reality
- Affiliated with a foundation set up by Crown Prince Hussein, it is equipped with technology such as 3D printers
Geostrategy
Russia threatens Ukraine ‘statehood’ as sanctions tighten
Since Russia's invasion 10 days ago, the economic and humanitarian toll of the war has spiraled, sending more than one...
- Russia has threatened a wider war if a no-fly zone is set up by any Western power
- Ukraine has received weapons, ammunition and funds from its Western allies
Economy
US is finally cleaning up its abandoned, leaking oil wells
In the United State, it took more than a century to pass regulations governing record-keeping for wells and their sealing,...
- The US is pockmarked with millions of abandoned oil wells that are unsealed but haven't produced anything in decades
- The US Environmental Protection Agency estimates that there are around 3.5 million orphaned wells that can leak oil and brine
Economy
UAE, IRENA to give clean cooking energy to communities
The initiative, called Beyond Food, was launched in collaboration with the Nama Women Advancement Establishment.
- The UAE and IRENA will have tied up to promote the deployment of clean cooking solutions across the world
- The partnership aims to expand and bring in more key actors working on this issue in the coming days
Most Read
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
Dubai job hunt: Tips for success in the city of opportunity
Dubai, UAE - The UAE was recognized as the top destination for international professionals seeking employment visas. According to the...
Economy
Company News
Latest News
Dubai Investments net rises to $157m
Real estate sector remains one of the key business verticals.
Business
UAE 2023 growth prospects face least risk in Middle East, Africa
Lower oil production, high inflation, tighter monetary policies, increased borrowing costs, and the rising cost of servicing debt continue to...
Economy
Saudi capital market institutions post record 2022 net income
Riyadh, Saudi Arabia -- Capital market institutions authorized by Saudi Arabia's Capital Market Authority posted a record 29.8 percent increase...
Business
Most Read
Business
Burjeel Holdings H1 net profit $61m
Firm's EBITDA rose 12.7% y-o-y to $127 million in H1 2023.
- Burjeel Holding reported revenue of US$599 million, up 13.9 percent y-o-y during H1 2023.
- The net profit was attributable to robust topline growth and significantly lower finance costs.
Eni, British Petroleum, Sonatrach say resuming operations in Libya
Crude oil is the main revenue source for Libya, which has been torn by more than a decade of stop-start...
- The NOC said in a press release it "received official notifications from the Italian company Eni and the British company British Petroleum regarding the lifting of force majeure
- NOC had also been notified by Algeria’s Sonatrach that "exploration and fulfilment of contractual obligations in blocks 065 and 96/95 in the Ghadames Basin" had resumed
Economy
Central Bank of Egypt raises interest rate to 100 bps to combat inflation
Cairo, Egypt – In a surprising move, the Central Bank of Egypt (CBE) announced on Thursday that it has raised...
- The lending rate was increased to 20.25 percent, and the deposit rate to 19.25 percent
- The decision marks the second interest rate hike in Egypt this year, following a 2 percent rise in late March