Penguin, SkyBlue ink MoU
The aim is to redefine outdoor media advertising in Abu Dhabi.Company News Business Economy Tech & Media
Turkey’s inflation rate nears 65 percent in December
Turkey's official annual inflation rate ticked up to 64.77 in December, from 61.98 percent in November. But the month-on-month pace...Economy
Sharjah Police returns around AED500m to owners in 2021
A number of beneficiaries of the initiative are said to have expressed their happiness as they were able to recover...Colonel Youssef Obaid bin Harmoul, Director of the SP’s Comprehensive Police Stations Department, said this happened due to the Al Solh Khair initiative
It resulted in 12,798 reconciliations out of 27,408 criminal reports in 2021, which included 8,523 financial reports, and the return of AED500m
UAE’s Dragon Oil announces first oil find in Egypt’s Gulf of Suez
The discovery is one of the largest in the area in the past 20 years, and the field could contain...The discovery is one of the largest in the area in the past 20 years, and the field could contain around 100 million barrels in reserves
The announcement was made on the sidelines of the ongoing Egypt Petroleum Show (EGYPS) 2022
Elm to list on TASI
The final offer price was set at SR128 ($34.1) per share, the top end of an indicative range.The listing comes amid a boom in the Saudi initial public offering market in a bid to enhance liquidity.
Owned by the Public Investment Fund, the company had earlier raised $820 mil in proceeds from an IPO.
Saudi inflation hovers at 1.2% despite spike in food prices
In spite of an increase in transport and food costs, inflation in Saudi hovered at 1.2 percent in January, according...GASTAT said the 1.2 percent growth in the general consumer price index, or CPI, “resulted from higher prices of transport and food and beverages prices
In the food and beverages group – which has a 19 percent weighting in the general CPI — growth in food prices accelerated to 2.1 percent from 1.1 percent in December
Jordan passes 2022 budget with spending volume of over JD12 billion
The government’s action prioritizes the completion of the regional electricity linkages with Egypt, Palestine, Iraq, and Lebanon.The government’s action prioritizes the completion of the regional electricity linkages with Egypt, Palestine, Iraq, and Lebanon
The budget seeks to increase the coverage of domestic revenues for current expenditures this year to about 88 percent
UAE F&B trade hit $20bn in first 9 months of 2021: Dubai Chamber
The rise was said to have been supported by growing demand and expanded efforts to enhance food security and diversify...Imports, at $12.8 billion, accounted for the largest share of the UAE’s F&B trade during January-September 2021
This was followed by exports at $4.1 billion and re-exports at $3.3 billion over the same period last year
How economically free are GCC countries?
In economically free societies, governments allow labor, capital, and goods to move freely.Economic freedom may be described as the fundamental right of every human’ to control their own labor and property
In an economically free society, individuals are said to be free to work, produce, consume, and invest in any way they please
Hassyan Power Complex adds 1,200 MW to Dubai’s capacity
Dubai Electricity and Water Authority (DEWA) has said the production capacity of Hassyan Power Complex reached 1,200 megawatts (MW), using...A further 600 MW will be added in Q4 of 2022, and an additional 600 MW will be added by Q3 of 2023.
This will raise the capacity of Hassyan Power Complex, which has been converted recently to run only on natural gas instead of clean coal, to 2,400MW.
JEA to provide jobs for Jordanian engineers in KSA
One in every 40 Jordanians is an engineer, making Jordan the country with the most engineers per capita globally.One in every 40 Jordanians is an engineer, making Jordan the country with the most engineers per capita globally
Ahmad Zu'bi, who is the President of the Jordan Engineers Association, said Saudi Arabia and its companies in various engineering fields appreciate Jordanian engineers
Most in-demand jobs in UAE as Covid shifts priorities
The pandemic, digitalization, change in employee priorities and new government policies in the region have influenced the most in-demand jobs,...About 78 percent of professionals in the UAE are considering changing their jobs this year
About 48% expected an improved salary, while 45% hoped that opportunity to learn new skills will help them in switching jobs
