Business
UAE-Syria move ahead on $20 billion real estate mega-developments
Major housing and tourism projects in Damascus and Latakia are set to advance following a new agreement with UAE real estate tycoon Mohamed Alabbar.
Business
Business
UAE, Jordan launch $2.5 billion railway project linking Aqaba to mining sites
The project works include the construction of railway tracks, about 55 bridges, six tunnels and associated engineering structures
Business
Merz, Macron seek tougher EU measures against unfair trade
Emmanuel Macron and Friedrich Merz have written to Ursula von der Leyen, calling for tougher EU mechanisms against unfair trade practices by other states. They name no names but seem to have China or the US in mind.
Business
Saudi Arabia’s non-oil sector records strongest growth in 7 months
Saudi Arabia's non-oil private sector maintained its growth trajectory in September, reaching its highest level in seven months, according to the latest Purchasing Managers' Index (PMI) data from Riyad Bank.
Business
Algeria Confirms Continuation Of Its Role In Buttressing Global Oil Market Stability – الشروق أونلاين
Algeria confirmed the continuation of its active role in supporting global oil market stability, through its commitment to “OPEC+” decisions and enhancing dialogue and coordination among producing countries, coinciding with the decision of the seven countries participating in voluntary production adjustments to keep their production levels unchanged during November. This came out during the ministerial […]
Business
Algeria Plans Strategic Pharmaceutical Hub to Supply Africa with Medicines – الشروق أونلاين
Algeria plans to establish a strategic pharmaceutical center aimed at supplying African countries with medicines and essential health products, Pharmaceutical Industry Minister Ouassim Kouidri said Monday, October 5. Speaking at the second International Conference of the National Council for Pharmaceutical Ethics, held in Algiers under the theme “National Sovereignty and African Openness for Sustainable Health,” […]
Business
Saudi Arabia emphasizes strengthening international coordination to address shared economic challenges
The sixth meeting of the Deputies of the International Monetary and Financial Committee (IMFC) was held virtually on September 29.
Business
خبير قانوني ل«عكاظ»: توثيق العقد في «قوى» لا يعني الإقرار بإضرار العامل
خبير قانوني ل«عكاظ»: توثيق العقد في «قوى» لا يعني الإقرار بإضرار العامل
Business
Sheikh Khaled and King Abdullah launch $2.5 billion Jordan rail link | The National
Project connects Port of Aqaba with mining centres in Al Shidiya and Ghor Al Safi
Business
Egypt targets 5.4% growth as Suez Canal revenue rebounds 23%: minister
Egypt targets 5.4% growth as Suez Canal revenue rebounds 23%: minister
Business
Why are banana prices soaring in Algeria?
Banana prices have nearly tripled in Algeria, prompting authorities to step up market inspections as households face mounting pressure from rising food costs.
Business
Gulf family businesses face new succession test as women prepare to take on bigger roles | The National
Leadership and AI emerge as key issues looking ahead
Business
Mideast oil exports surpass prewar levels despite pipeline, ship attacks
Bloomberg reported on Monday, citing sources, that Saudi Arabia’s key East-West Pipeline was flowing as normal, despite an earlier report that it had closed again following a new attack.
Business
Abu Dhabi’s Eagle Hills to develop residential and tourism projects in Syria | The National
New developments in Damascus and Latakia expected to create 40,000 jobs
Business
More Qatari LNG cargoes transit Strait of Hormuz despite ongoing risks: Reuters
Qatari LNG shipments are continuing to move through the Strait of Hormuz, signalling sustained energy traffic through the strategic waterway despite heightened regional security concerns. Reuters reported on Monday that…
Business
Saudi Market Resumes Decline Under Pressure from Banking Sector
The Saudi Exchange's main index, TASI, resumed its decline at the close of Monday's trading, falling 0.25 percent to 10,479 points. The decline was driven by losses in a number of stocks. On Sunday, the index had ended a losing streak, rising about 1 percent. Riyadh Development Company (Ridan) led the decliners, falling 4.43 percent to SAR18.13, followed by SNB, which dropped 2.77 percent to SAR38.60, and BSF, which fell 2.75 percent to SAR19.80.
Business
UK loses £120bn as super-wealthy flee | The National
Worsening tax picture blamed for billionaires choosing to live elsewhere
Business
Aramco chief warns oil inventory recovery could take 2 years after Hormuz reopening
Aramco chief warns oil inventory recovery could take 2 years after Hormuz reopening