Amman, Jordan--Jordan and Algeria are looking to boost trade and parliamentary relations to further enhance bilateral ties between the two countries. The discussion on boosting bilateral ties came up in a meeting between the head of the Jordanian-Algerian Parliamentary Committee Marwa Saoub and Algerian Ambassador to Jordan Abdulkarim Behha on...

Sharjah, UAE-- Ruwad, or the Sharjah Foundation to Support Pioneering Entrepreneurs (Ruwad), has approved the financing of three projects after studying the feasibility of 15 requests for funding in various sectors between April and June. Sultan Abdullah bin Hadda Al Suwaidi, Chairman of the Sharjah Economic Development Department, praised the...

The social media network's website showed the company's new logo, but its URL was still showing as twitter.com and the blue "Tweet" button was visible, suggesting the rebrand was not yet finalized.Musk and the company's new chief executive Linda Yaccarino announced the rebranding Sunday, saying the company would be renamed...

Saudi Arabia has reentered into this year's Kearney FDI Confidence Index, which ranks the markets likely to attract the most investment in the next three years.

Riyadh, Saudi Arabia -- Saudi Arabia's sovereign wealth fund, the Public Investment Fund, announced Sunday it has established Al Madinah Heritage Company to improve the quality and production capacity of Ajwa dates in the Madinah region. The launch of the Company will help further develop the Saudi Food and Agriculture...

The growth was backed by net special commission income.

DUBAI, UAE - Keeping pace with the UAE’s strong economic growth, Dubai Customs cleared 14 million customs transactions during the first six months of this year, a 10 percent surge from the 12.7 million transactions registered in the same period last year. The UAE economy is poised to experience further...

DUBAI, UAE - In Dubai’s economic growth story, family businesses stand tall as architects of growth, innovation and value creation. Generating over 40 percent of the emirate’s GDP, the sector represents Dubai's indomitable spirit of enterprise. Now, as the emirate seeks to unlock a new phase of high-powered growth for...

Twitter continues to dominate its space as a platform for online comment and news, and Musk "would have to completely destroy it" to drive away its audience for good. Threads was quickly billed as a potential death knell for Twitter, but weeks later, Threads has since seen a "material decline...

Riyadh, Saudi Arabia -- The Saudi Fund for Development (SFD) and Bahamas have signed a $10 million agreement to build state-of-the-art business incubation centers across three idyllic islands in the Bahamas. With the primary aim of bolstering the tourism industry, these centers will serve as nurturing hubs for new business...

Cairo, Egypt--Egypt and Indonesia will ramp up trade exchange as the two countries look to strengthen the overall ties. This came during the seventh round of political talks between Egypt and Indonesia which was held in Jakarta. Middle East News Agency (MENA) quoted the Egyptian Foreign Ministry as saying that...

Doha, Qatar-- Qatar has recorded a 70 percent growth in annual foreign direct investment (FDI) between 2019 and 2022. Just last year alone, the country received $29.78 billion in foreign investments, resulting in 13,972 jobs across sectors such as business services, technology, financial services and other industries. Investment Promotion Agency...

NEW DELHI, INDIA - A Joint Arab-Indian Chamber of Commerce is to be “activated” soon. This was announced in the “Delhi Declaration” at the conclusion of the sixth India-Arab Partnership Conference in New Delhi, local media reports said. The Declaration asserted that “India and the Arab countries are witnessing a...

NEW DELHI, INDIA – The UAE is committed to playing an active role in global efforts to shape a better future for societies and people through creating jobs, Dr. Abdulrahman Al Awar, Minister of Human Resources and Emiratization said. He said the UAE is also committed to enhancing human resources’...

BERLIN, GERMANY - The European Central Bank (ECB) announced on Saturday it wants to monitor the liquidity of banks in the eurozone more frequently to reduce the future risk of a financial crisis. "We decided to send banks, starting in September, a request for information on a weekly basis, in order...

Dubai, UAE-- Bahrain and the US have reaffirmed their commitment to freedom of navigation in international waters. They reiterated the importance of ensuring safe passage for commercial shipping in the Strait of Hormuz and condemned acts that put freedom of navigation in jeopardy. The joint statement came after a meeting...

Beijing, China - China's traditional export sectors, such as apparel, home appliances, and furniture, have been surpassed by electric vehicles, lithium-ion batteries, and solar batteries as the primary drivers of foreign trade growth, People's Daily reported. These "new three" industries have contributed to an impressive 61.6 percent year-on-year increase in...

Riyadh, Saudi Arabia--Saudi Arabia will host the MENA Climate Week 2023 in Riyadh on October 8-12, in coordination with the United Nations Framework Convention on Climate Change (UNFCC). The MENA week’s activities and events will be “Global Stocktake” to assess the progress made towards realizing the climate changes objectives outlined...

Dubai, UAE--Dubai Electricity and Water Authority (DEWA) has called on the public to take all necessary measures to avoid the risk of fire due to misuse of electrical appliances and connections with increasing temperatures in summer or failure to conduct periodic maintenance. DEWA called on customers to use its smart...

Oxagon is a coastal industrial city in Saudi Arabia's NEOM.

Asian equities wobbled at the end of a draining week as fresh US jobs data put revived bets on two more Federal Reserve interest rate hikes, adding to ongoing worries about China's economy. Investors have largely been on the back foot since Beijing announced a big miss on second-quarter growth.

The rise attributed to increase in net interest and non-interest income.

RIYADH, SAUDI ARABIA - The Public Investment Fund (PIF) announced the establishment of Sawani Company to enable the growth of the camel farming industry in the Kingdom and actively contribute to its sustainable development. The company aims to be a leading producer of camel dairy products, supporting Saudi Arabia’s wider...

Mumbai, India: The world's biggest rice exporter India has banned some overseas sales of the grain "with immediate effect", the government said, in a move that could not only drive international prices even higher but also impact Middle East. However, India has not banned export of Basmati rice - a...

The Saudi energy giant unveiled plans in March to acquire the stake in Rongsheng Petrochemical, valued at $3.4 billion. The deal calls for the supply of 480,000 barrels per day of Saudi crude to an integrated refining and chemicals complex owned by a Rongsheng affiliate.

Riyadh, Saudi Arabia - Saudi Arabia exported 321,000 tons of dates in 2022 worth 1.28 billion Saudi Riyals ($342 million), marking a 5.4 percent growth compared to the previous year. The growth trend is even more impressive when considering the long-term figures. In 2022, the Kingdom's dates exports surged by...

The two companies will explore opportunities globally.

Firm in profit despite high inflation, rising interest rates.

The spike in numbers comes after password crackdown.

Revenues surged 47 percent to $24.9 billion.

Cairo, Egypt-- Egypt is looking to resume exports of liquefied natural gas exports by October, according to the country's petroleum minister Tarek El Molla. The North African country's production is used at home during the summer when temperatures are very high, but in the winter months the country has excess...

Amchît, Lebanon--In a pristine patch of Lebanon's north coast, a rare marine visitor has fueled opposition to a seafront development, in a country where unchecked construction has obstructed access to beaches. Residents of Amchit say a Mediterranean monk seal sometimes visits the area, taking refuge in the crystal-blue waters of a...

The two sides endorsed a comprehensive joint statement that called for the boosting of political and strategic ties and strengthening of cooperation in various sectors. The meeting between the two sides coming after an invitation from Saudi Arabia's King Salman stressed the importance of bolstering relations based on shared values,...

Broadcom is seeking to expand into the software market.

Earlier this year, the two countries signed a Comprehensive Economic Partnership Agreement with the aim of boosting trade to $40 billion over the next five years.

Profit fell due to anemic M&A market, weakness in trading.

July 18 was the cut off point to finalize the $75bn deal.

The $5.2bn factory is expected to create up to 4,000 jobs.

The dollar-denominated certificates have annual return of 5.23%.

The deal is worth US$266 million (SAR1.27 billion).

DUBAI, UAE – Participants at a webinar strongly supported governments providing incentives or regulatory frameworks to encourage greater participation in green finance initiatives. The webinar was organized by Dubai Chamber of Commerce, one of the three chambers operating under Dubai Chambers. Held by the chamber’s Center for Responsible Business as...

The portfolio comprises 27 hotels across Japan.

The rise attributed to increase in total operating income.

Sharjah, UAE--The Sharjah Chamber of Commerce and Industry (SCCI) and Costa Rica have discussed ways to advance bilateral economic relations. The chamber also held fruitful discussions to strengthen commercial and industrial cooperation and investment among the private sector organizations, institutions, and events within the framework of the friendly relations binding...

issuance is the ninth tranche Sukuk program in US dollars.

The Comprehensive Economic Partnership Agreement (CEPA), signed in March, has further enhanced bilateral economic collaboration. The CEPA sets the stage for increased non-oil intra-trade, job creation, and a significant boost in UAE exports to Turkey.

Manama, Bahrain--Bahrain has recorded a two percent rise in gross domestic product in the first quarter of 2023, driven by a 3.5 percent jump in the non-oil sector. The average quarterly increase, according to the Bahraini Ministry of Finance and National Economy, of the annual non-oil GDP has touched about...

The new, more powerful version of Meta's model, called Llama 2, would be available to any business for download or through Microsoft's Azure cloud service in a special partnership with the Windows maker. The Microsoft tie-in comes on top of that company's major partnership with OpenAI, signaling Microsoft is attempting...

Avoided by western tourists, Iran is turning to wealthy Arab states and other nearby countries to bolster its sanctions-hit economy. It is also drawing visitors from Russia and China. Owing to the thaw in relations with Saudi Arabia, Iran is now interested in closer ties with the Arab world.

Dubai, UAE-- Seeking to forge partnerships around the world, Dubai Chambers will host a two-day event in November this year called Dubai Business Forum, bringing together key public and private sector stakeholders. The event will be hosted at the city’s Madinat Jumeirah on 1st and 2nd November, 2023, under the...