Thursday, August 21, 2025
Today's News
Thursday, August 21, 2025
Today's News

Business

Kuwait central bank expects little SVB impact on local lenders

The Kuwait Reserve bank towers are imagined over the typical Dhow harbor as transaction and also institutional lending for Gulf have actually frozen, complying with an outbreak of coronavirus illness (COVID-19), in Kuwait City, Kuwait March 18, 2020. Kuwait's reserve bank claimed on Sunday there…
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Saudi Aramco reports ‘record’ $161 billion profit for 2022

Record earnings attracts annoyed action from climate adjustment activists RIYADH-- Saudi Aramco stated on Sunday it achieved "document" earnings completing $161.1 billion in 2015, attracting a furious feedback from lobbyists alerting concerning the devastations of environment adjustment. The mostly state-owned power titan, the world's 2nd…
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UAE supports Qatar’s bid to host 2026 IMF and World Bank meetings

Throughout a call, Sheikh Mohamed and also Sheikh Tamim went over brotherly ties that exist in between the two nations UAE Head Of State, His Highness Sheikh Mohamed bin Zayed Al Nahyan, today had a telephonic conversation with His Highness Sheikh Tamim bin Hamad Al…
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Egypt highlights dangers of work on Grand Ethiopian Renaissance Dam

Egypt obtains more than 90 percent of its limited fresh water from the Nile, as well as fears the dam might ruin its economic climate Ethiopia claims the building of the dam is essential to its economic advancement and also power generation CAIRO: Egypt's foreign…
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UAE-Oman rail network expected to bring about new era of collaboration and growth

The 303km train linking Sohar as well as Abu Dhabi is developed to aid make the GCC a logistics centre and sustain the sultanate's financial development The UAE-Oman rail network is expected to bring a brand-new period of connection and financial growth for Oman and…
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Saudi Arabia, Germany sign 7 deals to enhance investment cooperation

RIYADH: Saudi Arabia and also Germany have signed seven contracts complying with a high-level delegation's three-day browse through to Berlin, the Saudi Press Firm reported on Wednesday. The memoranda of recognizing managed boosting teamwork in chemicals, waste management, renewable energies, engineering, progressed industries, automotives, as…
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UAE: Emirates announces world’s first-ever robotic check-in system at airports

According to a spokesperson, over 200 of these systems will be useful in flight terminals across the city over the next few years A portable robotic check-in system will certainly be introduced by Emirates at airports in the nation this year. In what is claimed…
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Infinity Power and Conjuncta to develop green hydrogen project in Mauritania

Infinity Power is a joint venture in between Egypt's Infinity and the UAE's renewables designer and investment company Masdar Infinity Power Holding-- a joint venture between Egypt's Infinity and also UAE's renewables programmer and also investment firm Masdar-- and Conjuncta GmbH, a German project developer,…
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Kuwait lack of reforms weighs on outlook

International Finance publication claimed that Kuwait is profiting of high oil and also gas rates, however the lack of reforms weighs on the country's economic expectation, noting that high power costs throughout 2022 resulted in a rise in oil revenues in Kuwait by 85%, which…
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Egypt’s foreign reserves surge to over $34bn in February

RIYADH: Egypt's foreign gets surged to reach $34.35 billion by the end of February 2023, the most up to date information from the Reserve bank of Egypt showed. This number reflects a $127.9 million rise when compared to the $34.224 billion recorded by the end…
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