London, United Kingdom - Europe's main stock markets steadied Friday as traders reacted to more earnings updates from top companies, while...
"Through effective and constructive collaboration with various local and international partners, we have succeeded in establishing an integrated energy transition...
Under the deal, EEC transferred part of its loan to PIF in exchange for company shares.Under the deal, EEC transferred part of its loan - worth $755 million- from the Ministry of Finance to the PIF in exchange for company shares.
PIF believes that the transaction will also accelerate the development of EEC by establishing King Abdullah Economic City.
The event featuring concerts, theater performances, wrestling matches aims at making the Saudi capital a tourism entertainment destination.This year's slogan is #Imagine_More, as its events will be held in an area of 5.4 million square meters.
The event is also an opportunity to showcase the outcome of several national goals, such as raising the level of the entertainment industry sector.
Auto exports to the region are likely to suffer for the next more than a year due to an estimated...Toyota Middle East has pledged it would do its best to avoid inconvenience to customers waiting for delivery of vehicles.
On an average, a car needs around 1400 chips. Electric vehicles utilize even more.
Egypt said it will tax social media content creators in a revenue raising exercise as more citizens look to online...The tax authority said "YouTubers and bloggers" earning over 500,000 pounds ($32,000) annually would be taxed
Social media was awash with comments after the taxation move
The results show Dubai has reinforced its status as one of the world’s fastest-growing business hubs, said Dubai crown prince...Imports rose by 29.3 percent YoY to AED414 billion from AED320 billion. Re-exports grew 28.3 percent YoY to AED198.6 from AED154.79.
China maintained its position as Dubai’s biggest trading partner in H1 2021 with AED86.7 billion worth of trade compared to AED66.3 billion in H1 2020, up 30.7 percent YoY.
Invest in Sharjah has confirmed participation at the world’s biggest fair and announced it will host discussions and specialized activities...Sectors that will be promoted include culture and tourism, mobility and logistics, health and wellbeing and Greentech.
Emirate's investor-friendly climate is reflected in six free zones and the integrated business and licensing services, said Invest in Sharjah.
The global drop in oil prices, along with the pandemic and related issues, had dealt quite a blow to the...The Saudi economy grew 1.8 percent in Q2 of 2021
This was the second time it had risen since Q2 2019
The 'right prices' must fully reflect both supply costs and environmental costs, especially carbon emissions and local air pollution, said...Global fossil fuel subsidies amount to around $6 trillion in 2020, which is 6.8 percent of global GDP.
Emissions would fall by one-third if prices increase to fully reflect environmental and supply costs by 2025, IMF said.
Saudi Arabia and the United Arab Emirates contributed about 70 percent of the total value of the Gulf Cooperation Council's...Saudi Arabia and the UAE contributed about 70 percent of the total value of the GCC's real estate deals in H1 2021
Reports published by KAMCO Research claim Saudi Arabia provided 44% of the value of deals in the MENA region in 2021
- DUBAI: Kuwait’s population decreased by 0.9 percent in the first six months of this year to 4.62 million, as expatriate...
More than a third of Kuwait population under 15, likely to put more pressure on the labor market.
Total employment fell by 1.7 percent in H1 due to moderation in hiring activity among Kuwaiti nationals in the private sector and a drop in expat employment.
