Prince Alwaleed to give entire fortune to charity
by Anil Bhoyrul: Saudi Arabia's Prince Al-Waleed on Wednesday pledged to donate his entire $32 billion fortune to philanthropy.
"It is a commitment without boundaries. A...
Kingdom city project
Prince Alwaleed Bin Talal Bin Abdulaziz Al Saud, Chairman of “Kingdom Holding Company”, headed a board meeting with the Board of Directors of “Economic...
UAE ranked number five
UAE has emerged number five in the KPMG 2015 Change Readiness Index, just behind Singapore, Switzerland, Hong Kong and Norway, and ahead of developed...
Dubai to build 400 solar-powered bus shelters
Dubai's Roads and Transport Authority (RTA) has announced plans to construct 400 solar-powered air-conditioned bus shelters across the emirate under the second phase of...
Mega project in Saudi Arabia
Creating one of the world's greatest industrial city on Jubail, is not an easy task. Jubail Industrial City, which rose from the sands three...
Renewable energy project to the Maldives
The Abu Dhabi Fund for Development (ADFD), an entity responsible for administering grants from the Abu Dhabi government, is lending the government of the...
Starting Mobile wallet
The UAE Banks Federation has approved the mobile wallet programme deeming it ready to be introduced among users, the group mentioned in a statement....
Gulf largest dairy firm
The board of Saudi Arabia’s Almarai has approved a capital investment plan which will reach SR21 billion ($5.6 billion) in the next five years,...
Tadawul opened to foreign direct investment
Tadawul, Saudi Arabia’s stock market on Monday 15th of June opened to foreign investors. This is the first time the Tadawul has opened to...
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...
Securing US$300 million Islamic Murabaha financing
The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of the Islamic Development Bank Group (IDB) secured a...
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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...