Binaa Al Bahrain aims to create expansive mixed-use projects
ABU DHABI, UAE – Chairman of Eagle Hills International Mohamed Alabbar has said that US$4 billion joint venture Binaa Al...Business Economy
‘Innovative startups key to national prosperity’
"Investing in youth, inspiring ideas, and transforming them into creative projects is a cornerstone for facing global challenges in many...Economy
Kazakhstan eyes energy takeovers after blackouts, ‘mismanagement’
ALMATY, KAZAKHSTAN - Kazakhstan warned Monday it could nationalize struggling energy companies in the oil-rich Central Asian country after the...Kazakhstan is a net exporter of energy, but high gas prices this year fueled historic and bloody protests.
Last month, Kazakh authorities said 65 percent of regional electricity networks needed repair.
ADIB enables digital solutions to support UAE IPOs’ push
ABU DHABI, UAE - Abu Dhabi Islamic Bank (ADIB) announced that its retail customers were able to conveniently participate in...ADIB said that 80 percent of clients subscribed to IPOs that were issued in 2022 through ADIB Mobile app.
ADIB is providing a quick and easy end-to-end process for IPOs subscriptions through mobile app.
Abu Dhabi Airports announces 4.7m passenger traffic in Q3 2022
ABU DHABI, UAE - Abu Dhabi Airports Monday said that in Q3 2022 passenger traffic totaled 4.7 million passengers, a...Abu Dhabi International Airport handled 144,083 tonnes of air freight in Q3 2022.
Third-quarter statistics confirm that 49,046 Air Traffic Movements (ATMs) were recorded across the five airports.
Qatar’s records trade balance surplus of $6.8 billion in Oct 2022
Doha, Qatar---Qatar's merchandise trade balance recorded a surplus of QR 25.1 billion ($6.8 billion) in October this year, an increase...The trade balance, which is the difference between total exports and imports, however, decreased by 6 billion riyals, or 19.2 percent, compared to September 2022.
Merchandise imports increased to about QR 12.9 billion, an increase of 45 percent compared to October 2021, and an increase of 14.3 percent compared to September.
Police bust cocaine ‘super-cartel’ in Dubai, Europe: Europol
The Hague, Netherlands—Police have dismantled a huge drugs "super-cartel" that controlled a third of Europe's cocaine trade, arresting 49 people in...The EU's policy agency said the huge international operation seized 30 tonnes of the drug and also involved arrests in France, Spain, Belgium and the Netherlands
Europol said Dubai had arrested two "high-value" suspects who are linked to the Netherlands, another two linked to Spain and two more connected to France
Jordan makes two big seizures of captagon pills on Syrian border
Amman, Jordan— Jordan has seized a big haul of drugs being smuggled into the kingdom from Syria in two different...Border guards at the Jaber border crossing, Jordan’s main border crossing with Syria, on Sunday seized 10,000 Captagon pills and 1 kg of crystal meth hidden inside a truck
A day earlier the Eastern Military Zone in Jordan seized 564 palm-sized sheets of hashish, 20,000 Captagon pills, a Kalashnikov rifle and ammunition
AMF signs US$1bn agreement to shore up Yemeni government reforms
Riyadh, Saudi Arabia—The Arab Monetary Fund has signed a $1 billion agreement with the Yemeni government to shore up the...The program seeks to contribute to backing efforts made to implement reforms to strengthen the financial status of the Yemeni government,
It seeks to promote comprehensive and sustainable economic growth, create job opportunities and push sustainability of Yemen's economy
Asian markets, crude drop on China unrest
Investors are now looking ahead to the release of US jobs data at the end of the week, which could...China-linked stocks took the brunt of selling, with Hong Kong's Hang Seng Index down two percent and Shanghai off one percent
The prospect of a hit to demand in the world's biggest crude importer hammered oil prices, with both main contracts down more than two percent
Egyptian Exchange rises on buying by FIIs
The market capital gained about $0.60 billion to close at $35 billion, amid transactions worth $0.08 billion.The market capital gained about $0.60 billion to close at $35 billion, amid transactions worth $0.08 billion
The broader EGX 70 EWI index of the leading small and mid-cap enterprises (SMEs) increased by 1.37 percent, ending at 2,550.95 points
Iraq PM says ‘part’ of stolen US$2.5bn recovered
Appealing to guilty parties to hand themselves in and return all the money, the prime minister of Iraq has revealed...The scandal has provoked widespread ire in Iraq, an oil-rich country ravaged by endemic corruption
According to a document from the country's tax authority, the colossal sum was allegedly expropriated between September 2021 and August this year through 247 cheques
