Business & Money | Friday 14 July, 2023 5:38 am

CrediMax and Mastercard sign strategic partnership agreement to drive digital innovation in Bahrain

CrediMax recently renewed its strategic partnership agreement with Mastercard during a signing ceremony in the presence of Mr. Ahmed A. Seyadi, CrediMax Chief Executive, and Mr. Khalid Elgibali, Mastercard Division President, Middle East and North Africa. This collaboration reflects CrediMax’s...

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Business & Money | Friday 14 July, 2023 5:38 am

CrediMax and Mastercard sign strategic partnership agreement to drive digital innovation in Bahrain

CrediMax recently renewed its strategic partnership agreement with Mastercard during a signing ceremony in the presence of Mr. Ahmed A. Seyadi, CrediMax Chief Executive, and Mr. Khalid Elgibali, Mastercard Division President, Middle East and North Africa. This collaboration reflects CrediMax’s...

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Business & Money | Friday 14 July, 2023 5:33 am

Gulf Navigation records 28 million dirhams in Net Profits in H1 2023

Gulf Navigation Holding PJSC (“GULFNAV”) the Dubai Financial Market listed maritime and shipping company, announced its financial results for the period ended 30 June 2023, reporting a Net Profit of 28 million dirhams, compared to a net loss of 2.5 million dirhams for the same period in...

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Business & Money | Friday 14 July, 2023 5:29 am

DIFC Continues to Drive Action on Global Climate Change on Path to COP28, Announces Future Sustainability Forum in Dubai

Dubai International Financial Centre (DIFC), the leading global financial hub in the Middle East, Africa and South Asia (MEASA) region, today announced its first edition of the Future Sustainability Forum. The Forum, which will be held on 4-5 October 2023 at the Ritz-Carlton DIFC, will focus on...

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Environment & Energy | Friday 14 July, 2023 5:12 am

OECD commercial oil stocks rise in May: OPEC

The Organisation for Economic Co-operation and Development's (OECD) commercial oil stocks rose by 20.2 million barrels month-on-month (MoM) in May 2023 to 2,815 million barrels, which is 139 million barrels high from a year-earlier, OPEC said in its monthly report. However, it is 101...

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Government | Friday 14 July, 2023 4:42 am

PIF, ENGIE to develop green hydrogen projects in Saudi Arabia

The Public Investment Fund (PIF) signed a memorandum of understanding (MoU) with ENGIE for the joint development of green hydrogen projects and its derivatives in Saudi Arabia. The MoU aims to explore opportunities that contribute to driving the energy transition in the Kingdom in...

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Environment & Energy | Friday 14 July, 2023 4:38 am

OPEC raises 2023 oil demand growth view

OPEC raised its forecast for global oil demand growth for 2023, projecting only a slight slowdown next year, with China and India continuing to drive increased fuel use. In its monthly report issued today, July 13, the group expected global oil demand to rise by 2.44 million barrels per day...

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Government | Friday 14 July, 2023 4:35 am

PIF assets rise to $700 bln

The Public Investment Fund (PIF) remained in the sixth position among the world’s largest sovereign wealth funds (SWFs), after its net assets rose to $700 billion (SAR 2.635 trillion), recent data from SWF Institute showed. PIF's assets rose by $50 billion, compared to $650 billion in...

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Business & Money | Friday 14 July, 2023 12:05 am

Liwa Ajman Dates and Honey Festival Gears Up for Eighth Edition Launch on July 27

Get ready for an exhilarating experience as dates and heritage enthusiasts in the UAE and the region eagerly await the much-anticipated Liwa Ajman Dates and Honey Festival. Celebrating its eighth edition, this spectacular event is scheduled to commence on July 27th and continue through July 30th,...

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Tourism & Hospitality | Friday 14 July, 2023 12:03 am

Address Hotels and Resorts Announces the Opening of Address Jabal Omar Makkah

Address Hotels and Resorts is thrilled to announce the opening of its latest architectural and hospitality masterpiece, Address Jabal Omar Makkah, in the holy city of Makkah, Saudi Arabia. Nestled in the iconic Jabal Omar development, this landmark property offers a truly...

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