Saudi Arabia Signs Mou With Alstom to Boost Transport Sector : Saudi Arabia Signs Mou With Alstom to Boost Transport Sector The Saudi Arabian transport ministry has signed a Memorandum of Understanding with Alstom. Alstom is a French multinational manufacturing company that specializes in
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Saudi Arabia Issues a Call for Nations to Cut Back on Oil Production : Saudi Arabia Issues a Call for Nations to Cut Back on Oil Production In its quest to ensure some form of stability in the oil market, Saudi Arabia is contemplating cutting back on oil production and influencing other OPEC nations to […]
UAE airlines are increasing workers’ salaries and benefits while offering cheaper services : UAE airlines are increasing workers’ salaries and benefits while offering cheaper services The United Arab Emirates airlines seek to improve employee salaries and benefits. Earlier this year, the country expressed wishes to implement a 4% increase in workers’ wages. The increased
Bahrain Records a Ground-breaking $88 Million Revenue Surplus in the First Half of 2022 : Bahrain Records a Ground-breaking $88 Million Revenue Surplus in the First Half of 2022 Bahrain has recorded impressive records in the past year. Earlier this month, the Bahrainian government announced that it had surpassed its financial records for 2021. Bahrain […]
Commercial Bank International Launches the First Ever Metaverse Bank in the UAE : Commercial Bank International Launches the First Ever Metaverse Bank in the UAE Top-tier corporate and retail bank Commercial Bank International (CBI) recently announced its prospects to become the first ever Metaverse Bank in the UAE. CBI’s launch comes after the UAE pledges […]
Crown Dubai Prince Commissions a New Specialized Arm of Dubai Hospital Worth $48 Million : Dubai’s Crown Prince, Hamdan bin Mohammed Al Maktoum, recently inaugurated a new specialized arm of Dubai Hospital to cater to outpatients. The project, worth $48 million (Dh 177 million), aims to boost the hospital’s capabilities by 200 percent. The project is also […]
PIF is Set to Redefine Tourism in Saudi Arabia with a $900 Million Investment in Aman Hotel Group : PIF is Set to Redefine Tourism in Saudi Arabia with a $900 Million Investment in Aman Hotel Group Public Investment Fund, a Saudi Arabian Company, recently made a $900 investment in Aman Luxury Hotel Group. The […]
Saudi Aramco Oil Company ends the Second Quarter with a Record-Breaking Profit of $48.4 Billion An oil company based in Saudi Arabia, Aramco, recently claimed the world’s profit record with a $48.4 billion profit at the end of the year’s second quarter. The government-owned company produces oil and gas in Saudi Arabia. Consequently, the company is looking […]
Bahrain Enters Partnership with UAE, Egypt, and Jordan to Boost Industrial Strength : Bahrain Enters Partnership with UAE, Egypt, and Jordan to Boost Industrial Strength Bahrain recently joined an industrial bloc that includes UAE, Egypt, and Jordan. The partnership is called the Industrial Partnership for Sustainable Economic Development, and Bahrain’s participation
Dubai Unveils Metaverse Strategy: Plans to Become a Global Hub for NFTs Dubai has released a metaverse policy document that contains strategies to establish the Emirate as a globally recognised hub of the metaverse and other emerging technologies. The release was announced in a tweet by Sheikh Hamdan bin Mohammed, the Crown Prince of Dubai. Among other
Bahamas-based FTX Acquires a Crypto License to Expand its Operations to Dubai : FTX, a Bahamas cryptocurrency company, has acquired a full crypto license in Dubai. This license issuance is coming after Dubai launched extensive plans to improve its blockchain industry and become a preferred destination for cryptocurrency companies. The Backstory As far back as […]
How Blockchain Can Transform Saudi Arabia’s Economy : How Blockchain Can Transform Saudi Arabia’s Economy Blockchain technology is certainly one of the many remarkable innovations of the past few decades. Since its advent, blockchain has greatly impacted several sectors, from finance to art. There is, however, so much more that one can do with technology. […]
Leading consulting firm predicts UAE financial wealth will reach $1 trillion by 2026 : Leading consulting firm predicts UAE financial wealth will reach $1 trillion by 2026 According to a new report by management consultancy firm Boston Consulting Group (BCG), UAE’s financial wealth is expected to reach $1 trillion in 2026. The report shows that […]
Saudi stock exchange showcases boom as 2022 H1 IPO listings surpasses entire 2021: Saudi stock exchange showcases boom as 2022 H1 IPO listings surpasses entire 2021 According to the chairman of the Capital Market Authority, Saudi initial public offerings are on track to make 2022 a record year. So far, the number of listings recorded […]
Saudi Arabia to Spend Up to $1 Trillion on World’s Largest Building in Neom : Saudi Arabia to Spend Up to $1 Trillion on World’s Largest Building in Neom Saudi Arabia recently announced its decision to construct a $1 trillion building in its futuristic megacity, Neom. The project has been tagged the “Mirror Line,” and it […]
UAE Reveals New and Stricter Laws for Gold Sourcing: Penalty as High as Dh5 Million : UAE Reveals New and Stricter Laws for Gold Sourcing: Penalty as High as Dh5 Million The UAE’s Ministry of Economy recently released a policy containing best practices for sourcing gold in the UAE. The policy also enforces stricter penalties […]
Visa and Dubai Health Authority (DHA) Sign Pact to Facilitate Emirate’s Tourism Industry : As part of the DHA’s broader plans to boost health tourism in Dubai, the Authority has signed a new Memorandum of Understanding with Visa. According to the DHA, the collaboration with the global payments company aims to promote Dubai as a […]
Saudi Company For Ai Stikes New Partnership With Us Company – Datarobot : Saudi Company For Ai Stikes New Partnership With Us Company – Datarobot The Saudi Company for Artificial Intelligence (SCAI) has partnered with DataRobot. This partnership is intended to grow the AI ecosystem in the Kingdom of Saudi Arabia (KSA). SCAI is a […]
Image: Alberto EchavarrÃa, Secretary-General of ASCER, sees the MENA region playing a key role for Tile of Spain in the 2022-2030 period. Credit: Arnold Pinto The Spanish ceramic tile industry is banking on aesthetic and technical innovation, exceptional quality, and enhanced sustainability to substantially ramp up its market share in the ultra-competitive Middle East and
Dubai-based MENews247 visited ceramic tile producers in Valencia, Spain as part of an international press tour organized by Tile of Spain – the official umbrella brand that represents the Spanish Ceramic Tile Manufacturers Association (ASCER). The press mission also included a visit to some of the showrooms and production lines as well as an architectural
