Date palm cultivation in AlUla sees increased productivity
AlUla, Saudi Arabia - Date palm cultivation in AlUla governorate has witnessed a significant increase in productivity this year, with...
China regulator to ban Evergrande chair from securities market for life
BEIJING, CHINA – Chinese regulators will ban the chairman of property giant Evergrande from the securities market for life on grounds...
Geostrategy
Videos
Which GCC countries have largest renewable capacity?
From solar farms to wind energy, the infrastructure is being put in place at varying paces by GCC nations.
- Saudi Arabia is developing a sustainable renewable energy sector to support its economic growth
- More and more industries in the UAE are embracing solar in a big way as power demand rises
Economy
Smart Madinah Forum 2022 kicks off
The forum aims at discussing concepts of smart cities and their relations to improving the quality of life.
- The forum aims at discussing concepts of smart cities and their relations to improving the quality of life
- It is also a platform to discuss the role of innovation in enhancing sustainable development and getting acquainted with tools of civil innovation
Economy
On credit rating meter, GCC economies score big
The GCC countries are among the most notable ones that credit rating agencies frequently recognize since they are the center...
- The GCC countries are among the most notable ones that credit rating agencies frequently recognize since they are the center of investors' attention
- Fitch evaluates Saudi Arabia at level (A), with a negative outlook to stable, while Moody's classifies UAE's credit rating by (AA2), with a stable outlook
Business
Participants from 42 countries to attend Abu Dhabi Date Palm Conference
The 7th International Date Palm Conference will be held at Emirates Palace Hotel, in Abu Dhabi, from 14th to 16th...
- Minister of Tolerance and Co-existence Sheikh Nahyan said that this year's conference is significant by all standards.
- 475 international researchers and experts will participate in the conference being held from 14-16 March.
Economy
Saudi sukuk issuance in 2021 reaches $36.9 billion: S&P Ratings
Saudi companies and government raised $36.9 billion sukuk in 2021, compared to $27 billion in 2020, an increase of 37...
- In 2021, the global sukuk issuance reached $147.4 billion compared with $148.4 billion in 2020.
- Foreign-currency denominated sukuk issuance increased by 10 percent; jumbo issuances in Saudi have contributed to this increase.
Business
Protests erupt in Lebanon against harsh economic policies
A group of engineers in Lebanon held a sit-in protest outside the Central Bank branch in Sidon, in conjunction with...
- The headline of the protest was, “Until rights are restored” & “For the right to hospitalization and a decent retirement
- They deemed that “the banks are seizing the funds and savings of engineers and depositors in general, and imposing controls
Business
3,000 new rooms added to Egypt’s total hotel capacity, says tourism ministry
Egypt has added 3,000 new hotel rooms to its total hotel capacity with the opening of 19 new hotel facilities,...
- Construction of 19 new hotel facilities in several governorates has led to the creation of these rooms.
- According to tourism ministry officials, the new facilities have created 2,500 job opportunities.
Economy
Dubai Supreme Council of Energy approves 2030 carbon strategy
The approval came at a meeting chaired by the council’s chairman Sheikh Ahmed bin Saeed Al Maktoum.
- The council approved the updated plans and objectives to reduce carbon emissions by 30 percent by the end of 2030
- This move is expected to, among other things, support the UAE’s efforts to achieve carbon neutrality by 2050
Economy
Tunisia president dissolves top judicial watchdog
Kais Saied has concentrated all executive power since July 25, when he dismissed his Prime Minister and suspended parliament.
- Tunisian President has dissolved a major independent judicial watchdog saying that the Superior Council of the Judiciary "is a thing of the past"
- Tunisia was the only democracy to emerge from the Arab Spring revolts but civil society groups and Saied's opponents express fear of it in danger
Economy
Syrian opposition groups make new bid to unite against Assad
The political groups, now mainly based abroad, have seen their influence wane in recent years as Iran and Russia steadfastly...
- Riad Hijab, who defected to the opposition when he was Assad's prime minister in 2012, did not say what mistakes had been made
- However, his entourage said opposition parties had failed to communicate with ordinary Syrians and make themselves relevant to their daily battles
Date palm cultivation in AlUla sees increased productivity
AlUla, Saudi Arabia - Date palm cultivation in AlUla governorate has witnessed a significant increase in productivity this year, with...
Company News
Latest News
Jordan’s exports to EU climb 23.4% to US$192m in first five months of 2023
Amman, Jordan--Jordan's exports to the European Union (EU) shot up 23.4 per cent during the first five months of 2023...
Economy
Strategizing internet use key to halt disinformation
“Handling disinformation is the need of the hour. The Global Media Congress will help devise a strategy to use the...
Economy
Aramco, 5 local firms to jointly work on project in Pakistan
ISLAMABAD, PAKISTAN - Five Pakistani state-owned companies are set to collaborate with Saudi Arabia’s Aramco to execute a $10 billion...
Business
Most Read
Business
ExxonMobil Q2 profits $7.9bn
Profits fell on lower refining margins, natural gas prices.
- Natural gas prices are down sharply from the year-ago period following a mild winter.
- The comparative weakness in refinery margins reflects sluggish economic conditions.
Business
PIF sets up tourism firm Asfar
Firm Saudi Tourism Investment Company has been set up.
- The company will invest in new tourism projects and develop attractive destinations with hospitality, tourist attractions.
- The company will leverage Saudi Arabia’s unique strategic location between the three continents of Asia, Africa and Europe
Business
Tabreed H1 23 net profit $105m
New customers and projects were added in H1 2023.
- In the first half of the year, Tabreed's revenue increased by 9.4 percent YoY to US$290 million, from US$265 million in H1 2022.
- Earlier this month, Tabreed started operating the cooling infrastructure, officially commencing its first operations in India.