Pakistan greenlights construction of long-awaited Iran-Pakistan gas pipeline
Tehran, Iran - Pakistan has decided to link the gas pipeline from the country's Gwadar port city to the Iranian...Economy Geostrategy
Saudi Arabia pursues AI hub future: PIF Governor
Riyadh, Saudi Arabia - Governor of Saudi Public Investment Fund (PIF) Governor Yasir Al-Rumayyan on Thursday positioned Saudi Arabia as...Economy
Qatar’s IPI increases by 4.9 percent in September
Doha, Qatar— The Industrial Production Index (IPI) of Qatar has increased by 4.9 percent in September of 2022 when compared...The mining sector index showed a decrease by 2.8% compared to the previous month (August 2022)
The index of the manufacturing sector showed a decrease by 5.3% compared to the previous month (August 2022)
FIFA says 2.95 million World Cup tickets sold
Queues have built up outside the FIFA ticket centre in Doha and fans report long waits to get onto the...Qatar has already overtaken Russia 2018, when just over 2.4 million tickets were sold
The start of the World Cup has led to a surge of interest in the 64 matches over 29 days
Abu Dhabi launches smart manufacturing index
ABU DHABI, UAE - The Abu Dhabi Department of Economic Development (ADDED) has launched the 'Abu Dhabi Smart Manufacturing Index',...The Index empowers manufacturers with the necessary knowledge and training to initiate an Industry 4.0 transformation journey.
It breaks down sophisticated concepts into six building blocks to provide a clear and easy-to-follow roadmap.
Sales of Al Rahmaniyah Commercial Lands begins
SHARJAH, UAE - ASAS Real Estate Company, the real estate arm of Sharjah Islamic Bank (SIB), announced the launch of...The project follows increasing demand for the company's latest real estate projects.
The project benefits from close proximity to Emirates Road, Sharjah Airport and Sharjah University City.
Qatar records a trade balance surplus of US$29.47bn in Q3
Doha, Qatar—Qatar has recorded a trade balance surplus in the third quarter of 2022 of $29.47 billion up from $15.87...In Q3 2022, the value of Qatar's total exports (including exports of domestic goods and re-exports) amounted to $38 billion
During Q3 2022, Asia was the principal destination of Qatar's exports and the first origin of Qatar's imports, representing 60.5 percent and 40.1 percent respectively
UN COP27 approves “loss and damage” fund
Nations hit by the impact of global warming can now be compensated from the "loss and damage" fund created by...Loss and damage covers a broad sweep of climate impacts, from bridges and homes washed away in flash flooding, to the threatened disappearance of cultures and whole islands
This year an onslaught of climate-induced disasters, from catastrophic floods in Pakistan to severe drought threatening famine in Somalia, sharpened focus on disaster-hit countries
‘FIFA to earn around $700 million due to Qatar World Cup’
"All in all this World Cup will generate for FIFA around $600-$700 million more than the last World Cup," he...FIFA chief Infantino said media rights were up about $200 million compared with the 2018 tournament in Russia
Infantino said he would reveal FIFA's global revenues for the past four years to national associations on Sunday.
UAE stocks end higher even as Saudi markets decline
Saudi equities rose on November 13 but the index fell during the rest of the trading days. UAE stocks started...The Saudi Public Investment Fund raised US$612 million through a secondary offering of shares by selling a 10 percent stake in Tadawul.
The Abu Dhabi Stock Exchange rose after Abu Dhabi Ports Group said that it had acquired global platform for integrated logistics services Noatum.
Allwyn buys Britain’s Camelot
Acquisition will likely close in Q1 2023, Czech firm said.In March, Britain's Gambling Commission, which licenses and regulates gambling, gave Allwyn Entertainment a license to run the National Lottery from February 1, 2024.
As Camelot owns the license until then, the takeover will help facilitate a smooth transition, Allwyn said.
GAL-AMMROC, GMF ink pacts
The pact were inked during the B20 Summit in Bali, Indonesia.The pacts will allow AMMROC to expand its MRO capabilities and consolidate its status as a key enabler of a sustainable domestic defense sector in the UAE.
The cooperation will further expand to the joint promotion of the N219 and NC212 aircraft in the Middle East and Africa markets.
