48 Middle East and North Africa IPOs raise $10.7bn in 2023: Report
Five listings, mainly in the energy and logistics sectors, contributed 58 percent towards the total IPO proceeds raised, said the...Business Economy
Saudi Arabia sets $54m threshold for public-private partnership projects
Riyadh, Saudi Arabia - Saudi Arabia has revised the regulations of its Privatization Law, setting the minimum limit for a...Economy
High oil prices may push Saudi growth to 7.6 percent in 2022: IMF
The government's Vision 2030 reform programme, designed to reduce the kingdom's dependence on oil, has also given the economy a...The kingdom managed to contain inflation at 3.1% in 2021, and the IMF predicted it would remain little changed this year at 2.8%, even as rates soar in much of the developed world.
The fund said that was largely due to "low passthrough" of the double-digit wholesale price inflation and increasing shipping costs battering the world economy.
Number of UAE-based private sector employees grows by 9% in Q2
The Ministry of Human Resources and Emiratisation said in its private sector workforce report that the construction sector accounted for...Twenty-six percent of the total private sector workforce registered with the Ministry are in the construction sector, followed by 21 percent in the trade and repair services.
Agriculture sector marked the highest (70 percent) growth in the number of new work permits issued, followed by social and personal services.
Saudi PIF buys shares in Alphabet, Zoom, Microsoft
The Fund purchased 1.8 million shares of Microsoft, 4.7 million class A shares of Zoom, and 213,000 class A shares...The Fund purchased 1.8 million shares of Microsoft, 4.7 million class A shares of Zoom, and 213,000 class A shares of Alphabet
It also acquired shares in JPMorgan and BlackRock, buying 3.9 million shares and 741,693 shares respectively
Qatar launches public consultation about National Blockchain Blueprint
The blueprint establishes the frame for blockchain at the national level and identifies its key elements; innovation and creativity.The blueprint establishes the frame for blockchain at the national level and identifies its key elements
It underlines the potential of blockchain technology and the opportunities that it can offer to Qatar
UN ship with grain for Africa leaves Ukraine: ministry
The MV Brave Commander left the Black Sea port of Pivdennyi and will sail to Djibouti "for delivery to Ethiopia",...Kyiv and Moscow agreed a deal brokered by the UN and Turkey last month to unblock Black Sea grain deliveries after Russia's invasion
The agreement lifted a Russian blockade of Ukraine's ports and established safe corridors through the naval mines laid by Kyiv
China heat wave pushes up prices as hens lay fewer eggs
Extreme weather has become more frequent owing to climate change, scientists say, and this will likely grow more intense as...In Hefei city, farmers reported a drop in egg production because of the heat, according to a Jianghuai Morning News report
Hefei has so far logged 14 days of temperatures above 38 degrees Celsius, Hefei Evening News said, noting that this was a record
US acts to make hearing aids affordable
In October, the cost of hearing aids will be down by an estimated $2,800 per pair as there would be...At $5000 a pair, safe and effective and high quality hearing aids have been unaffordable for many Americans.
Children, as well as people with severe hearing loss, would still need a prescription.
UAE busy in strengthening its food security system
The UAE is strengthening its food security system through policies that include promoting cooperation with other countries and markets, diversifying...The UAE is strengthening its food security system through policies that include promoting cooperation with other countries and markets.
The policies include diversifying sources, attracting local and foreign agricultural investment.
Dubai has comprehensive plans to ensure food security: Crown Prince
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum was on a tour of Bustanica, the world’s largest vertical farm that...The Dubai Food Security Committee constantly reviews current opportunities and challenges within the national food security strategy framework, he said.
The crown prince said Dubai will continue pursuing ways to strengthen the emirate’s resilience and food sustainability irrespective of the global environment.
Kuwait’s National Fund shored up 132 SMEs during pandemic
Kuwait's National Fund for SME Development (SME Fund) has helped resolve the problems of 132 small and medium-sized enterprises (SMEs)...Founded in April 2013 under Act 98, the government Fund approved establishing 1,422 projects and joint agreements with 992 SMEs.
Some SMEs offered essential backing to the national economy during pandemic in areas such as medical services, logistics and foodstuff.
