UAE startups ‘could add $1.5trn to global GDP’
UAE digital startups could increase global GDP by $1.5tn and create 10 million youth jobs, according to industry experts.
Demonstrating the UAE’s potential, the country...
Nokia to boost Zain Iraq radio networks
Nokia will modernize and expand Zain Iraq’s radio networks with its most advanced technologies across Karbala, Najaf and Basra. The move will have a...
General Electric seals $2bn deals with KSA
General Electric Company signed a new energy, mining, and technology agreements with Saudi Arabia with a total value of $2bn.
Jeffrey R. Immelt, General Electric...
Oil prices jump as Russia and Saudi Arabia agree to extend oil output cuts...
Oil prices have surged on Monday after Saudi Arabia and Russia agreed to extend crude oil output cuts until March 2018. This is part...
No projects will be awarded to Saudi ministry of finance till the end of...
Saudi Arabia’s Finance Ministry has ordered government clients to not award any project contracts for the rest of the year. In addition to the...
Depa signs contracts worth $195m in H1
Depa, a leading global interior contracting company, signed new contracts worth over Dh719 million ($195.6 million) in the first half of 2015 winning landmark...
Third phase of Mohammed bin Rashid al-Maktoum solar park
Dubai Electricity & Water Authority (Dewa) has received 95 expressions of interest (EOI) for the proposed 800MW third phase of its Sheikh Mohammed bin...
Gulf countries’ benefits surpass their losses
Experts: Gulf countries suffer from oil revenues drop at the same time of UK's departure
UK's departure of the EU is a perfect opportunity for...
Tunisia’s Dinar hits record lows over tourism, export data
Tunisia's dinar currency has fallen to record lows versus the euro and the US dollar this week as weaker exports, lower investment and a...
Gulf stock markets in Ramadan
Gulf stock markets were trading within a narrow range earlier this week with activity depressed because of the Muslim holy month of Ramadan.
Dubai’s main...
Oman Investment holds strategy workshop
Oman Investment & Finance Company (OIFC) conducted recently its long term strategy workshop to discuss new business ideas and initiatives for medium-long term as...
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Al Molla inspects the Suez Methanol Derivatives Plant in Damietta
Minister of Petroleum and Mineral Resources Tarek Al Molla has inspected the construction work of the Suez Methanol Derivatives Plant in Damietta...
Petroleum Marine Services Company (PMS) Profits increase 28% in 2023
Minister of Petroleum and Mineral Resources, Eng. Tarek El Molla has attended remotely the general assembly of Petroleum Marine Services Company (PMS) which...
Misr Maintenance Company achieves EGP 8.8 bn revenues
The General Assembly of the Misr Maintenance Company was held on Sunday, March 31, where the results of the company’s work for...