Jordan’s public debt rises to $46.1bn by Oct 2023 end: Ministry
Dubai, UAE -- Jordan's public debt till the end of October 2023 has risen to $46.1 billion, 89.6 percent of...Economy
Saudi Arabia launches skill verification program in Egypt
Riyadh, Saudi Arabia - Saudi Arabia, through its Ministry of Human Resources and Social Development (MHRSD), has initiated the first...Economy
First edition of leading global event on defense to kick off in Saudi
The World Defense Exhibition (WDE) declared that its first edition will be held in Riyadh, Saudi Arabia, from March 6-9,...More than 450 companies from around 37 countries will participate in showcasing the latest defense and security industry technologies.
A day before the start of the show the International Institute for Strategic Studies (IISS) will organize the “Riyadh Defense Forum”.
DEWA first in the world to win 8 stars in EFQM Innovation Lens
Dubai Electricity and Water Authority (DEWA) has achieved 8 stars level in the European Foundation for Quality Management (EFQM) Innovation...DEWA achieved a score of 800 on this award that measures innovation culture and its role in achieving results in leading organizations worldwide.
DEWA made many achievements in the field of excellence in 2021, including winning the Sheikh Khalifa Excellence Award (SKEA) in the Elite Category.
Cooper Fitch forecasts strong GCC hiring activity to continue in 2022
The Gulf Cooperation Council region witnessed a 40 percent rise in job creation in the last quarter of 2021 compared...Job creation across the region was driven primarily by a significant recovery in the UAE and Saudi Arabia.
Real estate, public, software development, cyber security, sales and marketing sectors witnessed a significant increase in hiring.
Bahrain to offer permanent residency visa to attract talent
Bahrain has launched ‘Golden Residency Visa’ for residents and non-residents with immediate processing of the applications electronically upon meeting the...The move is a part of the Kingdom’s strategy to attract foreign investments where the visa holders will enjoy benefits
Bahrain’s ‘Golden Residency Visa’ will be available for qualifying residents, allowing them to take advantage of the benefits
High electricity bills in Jordan due to rise in winter consumption: Regulator
Jordan’s Energy and Minerals Regulatory Commission ascribed any rise in the electricity bill to high demand during this winter when...Jordan’s Energy and Minerals Regulatory Commission ascribed any rise in the electricity bill to high demand during this winter when the electricity load was at 4,010 megawatts
The regulator referred to repeated complaints about higher electricity bills during summer or winter when temperatures rise or fall, prompting consumption to soar
SoftBank Arm sale scrapped
The company plans public offering of Arm by March 2023.The announcement came as the telecoms firm-turned-investment giant reported a net profit of 29.0 billion yen ($251 million) in the third quarter
And there have been challenges elsewhere for SoftBank, including losses on Chinese ride-hailing giant Didi Chuxing
Tunisia police blockade dissolved judicial watchdog
Saied has pushed the country down a dangerous route back towards autocracy, says critics.Tunisian police blocked access to the country's top judicial watchdog in a move its chief slammed as "illegal", two days after President Kais Saied dissolved the body
Saied has vowed that he would not interfere in court cases or judicial appointments
EU joins chips race with 42 bn euro bid to rival Asia
The production of semiconductors, also known as chips, has become a strategic priority in Europe as well as the United...The production of semiconductors, also known as chips, has become a strategic priority in Europe as well as the United States, after the pandemic choked off supply
The manufacturing of chips overwhelmingly takes place in Taiwan, China and South Korea and the European Union's 27 member states
Industries Qatar profit up 321%
The company achieved a net profit of QR 8.1 billion for 2021.Industries Qatar said in a statement that the Group revenue significantly improved by 77 percent to reach a record QR 20.2 billion
Earnings per share (EPS) amounted to QR 1.34 for the year, versus QR 0.32 for last year
Lebanon fuel distributors say no diesel crisis in the country
Lebanon’s Fuel Distributors Representative Fadi Abu Chakra has confirmed that "there is no diesel oil crisis" in the country. The...The rumors of oil crisis started to circulate after a ship carrying 42 thousand tons of diesel met with a marine accident.
The representative confirmed that diesel will be available during the next week and there is no crisis but a shortage.
