LME to list Jeddah port as a delivery point

LME to list Saudi Arabia’s Jeddah port as delivery point for copper, zinc

The new warehouse in Saudi Arabia would service the Middle East, North and East Africa regions

Saudi Aramco lines up banks for potential share sale

CERAWeek: Saudi Aramco gas output to rise 60% by 2030

Speaking at one of the biggest energy conferences in the world, Aramco has backed forecasts of continued demand for traditional fossil fuels

No surprises as UAE central bank leaves rates at 5.40%

The UAE decision follows the US Federal Reserve’s decision on Wednesday to keep interest rates unchanged amid inflation having not adequately lowered

Space tourism capsule to fly 32km above Saudi Arabia

A test flight in June will launch Halo’s second real-size prototype capsule 32 kilometres above Saudi Arabia

Unemployment insurance scheme_MOHRE

More than 7 million workers sign up for UAE’s unemployment insurance

The unemployment insurance was rolled out in January 2023 and is mandatory for all employees

EGYPT-TOURISM

Egypt’s credit outlook upgraded to positive by S&P amidst foreign investments

Egypt’s commitment to exchange rate liberalisation combined with budgetary consolidation targets are crucial for boosting international confidence

Saudi Arabia reportedly plans $40bn push into AI

Saudi Arabia “plans” $40bn push into artificial intelligence

Public Investment Fund’s representatives have discussed a potential partnership with US venture capital firm Andreessen Horowitz

OPEC projection for 2024 energy demand - oil

Morgan Stanley expects oil prices to climb to $90 per barrel by summer 2024

Morgan Stanley expects oil demand to grow at 1.5 million bpd this year which is slightly above the historical trend growth

UAE: Heavy rains, strong winds to lash parts of the country

UAE weather: Rain, strong winds to lash parts of the country from Sunday

Motorists are urged to exercise caution and be aware of changing weather conditions

DFM owner Borse Dubai slashes stake in Nasdaq

Shares of Nasdaq fell more than 2 per cent at one point amid news that its biggest shareholder, Borse Dubai, is cutting its stake

UAE residents now eligible for Morocco eVisa: How to apply

The change in application channels comes with reduced processing times as well

AHS Properties CEO Abbas sajwani Image Motivate Media Group

‘Location sets the stage for luxury living’, says AHS Properties’ Abbas Sajwani

Keen to step outside the box and reimagine the expected, entrepreneur and AHS Properties CEO Abbas Sajwani is not just selling dream homes – he’s redefining the landscape of luxury living

China’s Chery revs up for OMODA, JAECOO debut in UAE, Saudi

Chinese automotive giant Chery Automobile is gearing up to launch two of its newest global brands in the UAE and Saudi markets later this year

New Murabba Mukkab

Saudi’s New Murabba ‘open for international investment’, says CEO

Already making significant strides in laying the groundwork for the iconic Mukaab building, the company has excavated nearly four million cubic metres of material

Almarai to invest over SAR18bn under five-year plan

Saudi Arabia’s Almarai to invest over SAR18bn under five-year plan

The strategy, which envisions investments in supply chain and tech capabilities, will be financed from the company’s operating cash flow

ADNOC signs 15-year LNG supply deal with SEFE

ADNOC signs 15-year LNG supply deal with Germany’s SEFE

ADNOC has sharpened its focus on natural gas, seeing it as a transition fuel, as the world tries to curb planet-warming emissions

Amazon boxes

Ramadan with Amazon: A behind-the-scenes look

The heightened demand comes alongside expectations of speed, convenience, and reliability

UAE LABOUR MOHRE HEALTH INSURANCE

UAE Cabinet meet: Mandatory health insurance for private employees soon

Sheikh Mohammed chaired the Cabinet meeting which approves key decisions on enhancing the UAE’s labour market competitiveness

Aramco CEO: “We should abandon the fantasy of phasing out oil and gas”

Amin Nasser, CEO of Saudi Aramco, has made the remarks at the 2024 CERAWeek being hosted in Houston, Texas this week

UAE and US non-oil trade hits $31.4bn in 2023 photo courtesy-WAM

UAE-US non-oil trade hits $31.4bn in 2023

The substantial trade volume and ongoing collaboration between the UAE and the US reflect a deep-rooted partnership built on mutual interests and shared objectives

Ramadan in the UAE

10 things to know about Ramadan etiquette in the UAE

With its rich history and traditions, Ramadan in the UAE offers a unique and culturally enlightening experience, for all

UAE’s du eyes fintech push with new central bank licences

Emirates Integrated Telecommunications Company PJSC (EITC), which operates du, plans to introduce digital financial solutions into the local market

Eid al fitr 2024 moon

Eid Al Fitr 2024 likely date predicted by UAE astronomers

According to the latest calculations based on the Islamic astronomical calendar, the month of Ramadan is expected to be a 30-day one

UAE banks set for another year of record growth

UAE banking sector assets hit record Dhs4.1tn in 2023

Total deposits of resident and non-resident customers with UAE banks rose by 13.5 per cent YoY to reach Dhs2.5tn

Nobu Residences Abu Dhabi_Penthouse Villa Terrace

Abu Dhabi’s most expensive penthouse is sold, here’s what it cost

The unit sets a new benchmark for price per square metre at more than Dhs96,000 per square metre and is the most expensive apartment ever sold in Abu Dhabi

Israel’s NewMed says BP, ADNOC offer on hold

BP and ADNOC made their offer a year ago, with an aim to access the gas-rich areas in the Eastern Mediterranean

Qatar Airways GCEO unveils vision for future

Qatar Airways GCEO unveils vision for airline’s future, marks it as a ‘new era’

The cornerstone of Qatar Airways’ strategic roadmap is the introduction of new first-class cabins, a move aimed at meeting the high demand for premium travel experiences

Red Sea

Hapag-Lloyd to seek cost cuts in 2024 as Red Sea crisis hits profit margins

Habben Jansen said the Red Sea crisis had rather enforced route changes

Take a look: Dubai’s government has a brand new logo

The Government of Dubai has unveiled a brand new logo that will be widely implemented by the emirate’s Executive Council

Red Sea International

Saudi Arabia’s PIF may take full ownership of Saudia

Saudia is set to mostly focus on Muslim pilgrims making the journey to Saudi Arabia’s holy sites while Riyadh Air will target non-religious traffic, including international transit passengers