Dubai records over US$2.6bn in weeklong real estate transactions
DUBAI, UAE - A total of 3,543 real estate transactions worth over US$2.6 billion (AED9.8 billion) were conducted during the...Business Economy
stc Group inks several pacts
The pacts were signed at the PIF’s Private Sector Forum.Company News Business Economy
China export growth slows sharply in August: official data
Last month, China's exports expanded 7.1 percent year-on-year, down from 18 percent growth in July, China's General Administration of Customs...The slowdown in trade comes as global demand for Chinese products weakens with energy prices soaring and the United States facing the threat of recession
Sporadic Covid-19 lockdowns around China have also dampened consumer enthusiasm and business confidence
UAE meets 42% of Japan’s crude oil needs in July
Japan imported 81.05 million barrels of crude during July, of which 79.17 million barrels, or 97.17 percent, came from Arab...Japan imported 81.05 million barrels of crude during July, of which 79.17 million barrels, or 97.17 percent, came from Arab countries
Saudi Arabia contributed 28.47 million barrels, which is 35.1 percent of the Japanese crude needs
Saudi delegation visits Jordan’s Petra to enhance cooperation
A delegation from Saudi Arabia's Royal Commission for AlUla (RCU) visited Petra on Tuesday to advance cooperation between the two...PDTRA Chairman briefed the Saudi delegation on the authority's efforts to develop tourism in Petra.
The delegation toured the rose-red city and looked firsthand at the Petra By Night program, the flying taxi and other projects.
Oman issues Treasury Bills worth $103 million for 91 days
Muscat, Oman---The government of Oman issued Treasury Bills worth Omani Riyal 40 million (US$103 million) for a period of 91...The average accepted price reached RO 99.419 for every RO 100, and the minimum accepted price arrived at RO 99.270 per RO 100.
Treasury Bills are short-term highly secured financial instruments issued by the Ministry of Finance.
Stocks push higher, but yen and euro under pressure
European and US stocks rose Tuesday, but gains were capped by economic slowdown fears and central bank efforts to contain...European and US stocks rose Tuesday, but gains were capped by economic slowdown fears and central bank efforts to contain surging inflation.
Frankfurt rebounded somewhat despite news that Germany's industrial orders slumped for the sixth consecutive month in July.
ADJD notarization, authentication transactions jump in August
The Abu Dhabi Judicial Department (ADJD) has achieved a record surge in total notarization and authentication transactions carried out in...There were 13,000 notarization and authentication transactions operations in August.
The availability of multiple electronic options for submitting and completing transactions remotely helped in the increase.
UAE takes part in G20 Health Working Group in Indonesia
UAE's Ministry of Health and Prevention (MoHAP) has taken part in the G20 Health Working Group (HWG3) meeting in Indonesia...The UAE ministry's delegation highlighted the importance of promoting solidarity among member states to better meet essential health needs.
The delegation said UAE is ready to cooperate with Indonesian officials to expand vaccine manufacturing and research hubs for pandemic prevention.
Qatar grows its suite of world-class hotels with new openings this month
The Wyndham Grand Doha West Bay Beach, St. Regis Marsa Arabia Island and the Rixos Hotel Doha will soon unveil...The Wyndham Grand Doha West Bay Beach, St. Regis Marsa Arabia Island and the Rixos Hotel Doha will soon unveil an exciting range of culinary concepts
Being the host nation of the first-ever FIFA World Cup in the Gulf later this year, Qatar is using the event to fulfil its goal of attracting over 6 million visitors a year
UAE takes another step to be space technology leader
"We want to attract startups and SMEs so they can prove themselves in the space industry and boost research projects”, Abdulla...The aim of the survey is to emphasize the scale of the space economy in the UAE and to measure its contribution to the country's global growth
It will also measure investment efforts in research and development, and the total spending on space exploration and projects
Business reforms enhance Saudi growth prospects
Prioritizing labor market reforms, boosting employment and ease of doing business is likely to make the Kingdom one of the...Prioritizing labor market reforms, boosting employment and ease of doing business is likely to make the Kingdom one of the world’s fastest-growing economies this year, says expert
As brands are looking at Saudi Arabia as their gateway in the Middle East, there is an expected influx of huge amount businesses looking to establish a commercial set up in Kingdom
