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FOCUS ON FOOD SECURITY
IsDB provides $165.63bn finance to development projects
The Islamic Development Bank (IsDB) Group has provided $165.63 billion to finance development projects in various economic sectors, since its launch and up to June 30 this year, said its Chairman Dr Muhammad Sulaiman Al Jasser.
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MASSIVE GLOBAL EXPANSION
India's DMRC bidding for Bahrain Metro Phase I consultancy work
India’s first and biggest metro rail company Delhi Metro Rail Corporation (DMRC) is bidding for consultancy work in Phase One of the $2-billion Bahrain Metro project, which comprises two lines running 29km long and covering 20 stations, said a report.
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SAUDI ARABIA WINS PRAISE
IMF to set up regional office in Riyadh
International Monetary Fund (IMF) will set up a regional office in Riyadh. This will spearhead engagement with regional institutions, strengthen relationships with countries, and help expand the IMF’s development activities, said IMF Managing Director.
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Seven disruptions you may not see coming ...
Disruptions are fundamental shifts that create lasting change, and successful organisations will be those that are prepared to address them. We need to keep asking “what if” to remain open to opportunities presented by disruptions.
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Skills gap forces IT leaders to do more with less
Almost three quarters (73%) of senior IT leaders agree that acquiring IT talent has never been harder, and nearly all (98%) respondents say attracting IT talent influences their organisation’s technology investment choices.
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India's DMRC bidding for Bahrain Metro Phase I consultancy work
India’s first and biggest metro rail company Delhi Metro Rail Corporation (DMRC) is bidding for consultancy work in Phase One of the $2-billion Bahrain Metro project, which comprises two lines running 29km long and covering 20 stations, said a report.
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Factor investors increase allocations to weather market volatility
Factor investing in fixed income has turned to be a better way to manage volatility and diversify portfolios in the current market environment hit by inflation and slow economic growth, says a study.
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Taqa wins refinancing for its $3.5bn revolving credit facility
Abu Dhabi National Energy Company (Taqa) said it has secured refinancing for its $3.5 billion revolving credit facility via a syndicate comprising 20 banks. The new 5-year US dollar SOFR-based facility will be utilised for general corporate purposes.
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Citi unveils Murabaha Trade, Working Capital Financing solution
Citi has announced the launch of its Murabaha Trade and Working Capital Financing solution for corporate clients in Europe, Middle East and Africa (EMEA).
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Seven disruptions you may not see coming ...
Disruptions are fundamental shifts that create lasting change, and successful organisations will be those that are prepared to address them. We need to keep asking “what if” to remain open to opportunities presented by disruptions.
More…
Emirates SkyCargo seals landmark pact with United Cargo
Emirates SkyCargo has signed an agreement with United Cargo, a US freight carrier with presence in 300 cities across five continents. The deal will see them work closely on key aspects such as expansion of cargo interline options and blocked space pacts.
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Oman Air sets benchmarks with flight operations training
Oman Air, the national airline of Oman, has carried out almost 500 simulator training sessions, 83 courses for pilots, and 230 cabin crew courses over the first half of 2022 alone.
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Gitex Global 2022 to welcome more than 5,000 firms
Dubai will transform into the ultimate digital epicentre of the world next month, as the UAE hosts the world’s largest tech show, converging the most advanced companies and best minds to deep dive into the making of the Web 3.0 economy.
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Four Seasons to launch luxury yacht experience
Four Seasons is bringing its legendary service to the seas through launch of luxury yacht experience.
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Yango ride-hailing service launches in Dubai
Yango, an international ride-hailing app, has launched in Dubai, marking the company’s first foray into the GCC market.
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NBB spreads social awareness on childhood cancer
The National Bank of Bahrain (NBB) has reiterated its support to the Smile for Children with Cancer Initiative by distributing golden ribbons during its recent Townhall meeting.
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Al Qana announces opening of grand cinema complex in Abu Dhabi
Al Qana, a key dining and entertainment hub in Abu Dhabi being developed by Al Barakah International Investment, has announced the opening of a giant cinema complex in the UAE capital featuring 15 screens including 3 VIP theatres with 1800-seat capacity.
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AFS honoured for its workforce nationalisation efforts in Bahrain
Arab Financial Services (AFS), a leading digital payment solutions provider, has been recognised and honoured for its workforce nationalisation efforts in Bahrain.
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IMF sets up food shock window to help 'starving' nations
The International Monetary Fund (IMF) has announced the creation of a new emergency financing instrument for countries suffering from acute food insecurity. It will provide additional access to funds for countries having urgent balance of payments needs.
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