Egypt Signs 3 MoUs to Establish Dry Ports, Logistics Zones
The Ministry of Transport has signed three memoranda of understanding (MoUs) in the field of establishing, managing, and operating dry...
Middle East
Musandam, RAK to Boost Cross-Destination Tourism
London, UK – Oman Tourism Development Company (Omran Group) and Ras al Khaimah Tourism Development Authority (RAKTDA) signed a Memorandum...
Egypt: Elsewedy Electric’s Consolidated Profits Hike 161% YoY in 9 Months
Elsewedy Electric (SWDY) reported a 161% year-on-year (YoY) increase in consolidated net profit attributable to the parent company for the...
Nokia Bell Labs, Aramco Sign Industry 4.0 R&D Deal
Nokia’s research arm, Nokia Bell Labs, and Aramco, the world’s largest energy company, have signed a non-binding R&D collaboration agreement...
Sheikh Mohammed Announces UAE’s Economic Principles for Next 10 Years
Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai announced the economic...
Emission Reduction in Middle East Construction: Regulatory Gaps and Digital Solutions
The Middle East construction industry is increasingly focusing on reducing carbon emissions to align with local Net Zero goals and...
Qatar’s GDP to Slow This Year as World Cup Bounce Fades
S&P Global Ratings expects economic activity in Qatar to slow to 2% in 2023 after a nearly 5% growth in...
Saudi Arabia Confirms Boom Supersonic Investment
Saudi Arabia’s Neom Investment Fund (NIF), the financing group associated with the Saudi smart city development, has confirmed finalization of...
What the Gulf States New Unified Visa Means for Saudi, UAE, Other Citizens
The secretary-general of the Gulf Cooperation Council (GCC) on Wednesday approved a unified tourist visa for all the organization's member states —...
Oil Giant Saudi Aramco’s Profit Slides 23% in Third Quarter on Lower Crude Prices, Volumes
Saudi state oil giant Aramco posted a 23% drop in net profit in the third quarter to Sept. 30, down...
