New York, United States -- Mark Zuckerberg and Meta are spending billions to recruit top artificial intelligence talent, triggering debates...
The main international and US oil contracts briefly bounced off their lows as Israel and Iran accused each other of...
DUBAI, UAE - Arada's US$500 million Sukuk was listed in Nasdaq Dubai. The Sukuk is the first issuance by Arada...This marks Arada’s first listing in the UAE, following its Sukuk listing last year on the London Stock Exchange.
Arada has embarked on projects worth US$10 billion under development in Sharjah and Dubai.
VLCCs carry almost 2 million barrels of crude per voyage.The vessel is the first of four dual-fuel engine very large crude carrier which can also run on liquefied natural gas
ADNOC L&S has committed approximately $2 billion to build more environmentally efficient vessels.
Dubai, UAE -- Remittance flows to the Middle East and North Africa (MENA) are expected to increase marginally in 2023...The remittances are likely to increase by 1.7 percent in 2023 and by 1.8 percent the following year, the World Bank said in its Migration and Development report.
The 3.8 percent drop in the flows in 2022 was driven mainly by a drop in flows to Egypt and downturns in flows to Algeria and Jordan.
Saudi-Iran peace deal will reduce tensions in the region and would solve some of the problems if not all, says...Blinken spoke of his recent visit to the Middle East where he met with the GCC leaders who, according to him, still see the US as the preferred partner
On Taiwan, Blinken said the US has real concerns about the direction it has taken and blamed China for what he called as reckless actions
MUSCAT, OMAN - Oman’s economic growth is expected to rebound to 2.7 percent in 2024 but will slip in 2023...The projections reflect the oil production cuts by OPEC+, moderate growth in the non-hydrocarbon sector and a slowdown in global economic activity.
Oman's real GDP rose by 4.3 percent in 2022, basically on an expansion of the hydrocarbon sector.
Indian carrier IndiGo said it had ordered a 500 A320 airliners from European manufacturer Airbus at the Paris Air Show....Airbus boss Guillaume Faury said the signing was "an enormous milestone, to our knowledge and recollection no-one has ever ordered" so many planes at a stroke.
With an order book now at over 1,300 aircraft, the contract also makes IndiGo Airbus' largest customer for the A320 family.
RIYADH, SAUDI ARABIA - The combined profit of capital market institutions in Saudi Arabia dropped 19 percent to US$306 million...The combined profit of capital market institutions in KSA was S$381 million in Q1 2022.
Revenues fell 2 percent to US$730 million in Q1 2023 from $744 million in Q1 2022.
GENEVA, SWITZERLAND - The UAE has signed a cooperation agreement with the International Labor Organization (ILO) to collaborate in labor...The agreement, signed by UAE's Ministry of Human Resources and Emiratization, aims to develop the skills and capabilities of inspectors at the ministry.
The pact enables the ministry's officials to carry out inspections proactively and enhance their capacities in line with the best international practices.
- Tehran, Iran-- A free trade zone agreement between Iran and the Eurasian Economic Union (EAEU) will be signed before the...
According to the deputy prime minister, Russia was in talks with "friendly" countries like Egypt, India, Indonesia, and the UAE as they are growing markets
He said negotiations for an agreement like this were complex and that the negotiators have to take into account a lot of different interest of member states
Riyadh, Saudi Arabia-- Saudi Arabia has unveiled its own cruise-line brand called AROYA Cruises to fuel growth in its tourism...Saudi Arabia is looking to become a global tourist destination by the end of the decade in line with its goals outlined in Vision 2030
The Saudi tourism department is aiming to attract 1.3 million cruise visitors by 2035 and providing some 50,000 direct and indiret jobs
