NEOM launches ‘Topian’ to ensure climate-proof agriculture in Saudi
NEOM, Saudi Arabia:Â NEOM, a mega-city project in Saudi Arabia characterized by futuristic urban planning and advanced technologies, Sunday announced the...Business Economy Climate Change
Joint ministerial committee meets US secretary of state
Washington, US – A committee of the Joint Arab-Islamic Extraordinary Summit under the chairmanship of Prince Faisal bin Farhan bin...Economy Geostrategy Global Uncategorized
Dubai Chamber launches online tool to fill $10b export gaps
The launch of the tool is in line with the emirate’s new target to boost its foreign trade from around...The tool is focused at 30 promising markets across the MENA region, Asia, Africa, and Europe
They added that Dubai Chamber’s online tool has 26 major commodities listed on it
Riyadh leads Q2 Saudi Arabia residential market boom
Latest review by global property consultant Knight Frank says apartment values in Saudi capital grew by 7.6 percent year on...Latest review by global property consultant Knight Frank says apartment values in Saudi capital grew by 7.6 percent year on year.
Riyadh and Jeddah likely to witness a 25 percent and 36 percent increase in total office supply in the next three years.
Lebanon fuel scarcity leads to brawls that kill three
The fatalities have taken place in two different incidents in the country where fuel is scarce due to an ongoing...In one case, two people were killed in a brawl in the Lebanese city of Tripoli
In the second instance, a youngster was shot dead at a gas station in a village
Dubai Economy issues 3,243 trader licenses in H1
Trader License enables freelancers and start-ups to conduct businesses online and across social networking accounts.Trader License enables freelancers and start-ups to conduct businesses online and across social networking accounts.
Males account for 63 percent of the licenses issued and IT tops the list of activities.
Middle East’s largest wind farm produces first carbon-free MWh
The project, Saudi Arabia's first, is being developed by leading renewable energy companies EDF Renewable and Masdar.The project, Saudi Arabia's first, is being developed by EDF Renewable and Masdar.
On completion, the farm will power about 70,000 Saudi households.
Aramco net income rises to $25.5 billion in Q2
Higher oil prices and a recovery in demand, easing of COVID-19 curbs, vaccination campaigns, stimulus measures, and accelerating activity in...The company announces a dividend of $18.8 billion.
Higher oil prices and a recovery in worldwide demand, easing of travel restrictions drive the rise in income.
Retail coffee prices rise as frost hits Brazil produce, freight costs go up
Arabica coffee on the ICE Futures US exchange has doubled in price over the last 12 monthsThe Covid-19 which caused shipping logjams has also contributed to cost escalation by pushing the freight costs to record levels
Arabica coffee on the ICE Futures US exchange has doubled in price over the last 12 months
Saudi borders reopen for vaccinated pilgrims
Authorities in the ministry responsible for coordinating foreign pilgrims will from Monday begin "gradually receiving Umrah requests from various countries...Before Sunday's announcement, only immunised pilgrims resident in Saudi Arabia were eligible for umrah permits
The umrah is a pilgrimage that can be undertaken at any time -- distinct from the hajj, which takes place once annually
Sukuk worth $174.6 billion issued globally in 2020
Sukuk has remained an attractive instrument and the positive growth trajectory has continued during the first half of 2021The report said that as of December 2020, over 90 percent of the $648 billion Sukuk outstanding globally were issued from markets like Malaysia, UAE and the others
Sukuk has remained an attractive instrument and the positive growth trajectory has continued during the first half of 2021
Iraq looks up to IMF for $4bn loan
Iraq is confident about securing a $4 billion dollar loan from the International Monetary Fund (IMF) after it restarted talks...International Monetary Fund and Baghdad opened talks last year amid the pandemic as demand shock sent oil prices tumbling
Iraq also expected to sign agreement with French oil and gas company before current government’s term ends
