News

  ABU DHABI / Emirates Business The General Secretariat of the Supreme Legislation Committee (SLC) is celebrating the Holy Month of Ramadan with a series of interactive charitable and humanitarian activities reflecting the values of affability, compassion, and deep sympathy as taught by the virtuous Islam. The SLC, represented by the Innovation and Creativity Team, took part in the “Reading ...

  Muscat / Reuters Petroleum Development Oman (PDO), the country’s top oil and gas exploration and production company, has obtained a $4 billion loan from international banks, part of a rush of foreign borrowing by Oman as low oil prices strain state finances. The five-year pre-export facility is the company’s first international loan and was priced at 160 basis points ...

  Riyadh / TNS The new Balanced Nitaqat program will help reduce unemployment, improve market performance, raise the quality of employment and generate good jobs for Saudis, create a safe and attractive work environment, and eliminate the presence of non-product nationalization practices, confirmed Deputy Minister of Labor and Social Development Ahmed Al-Humaidan during a press conference on Sunday. “The labor ...

  TNS Five cities will compete for the title of Jordan’s “distinctive destination” in a competition launched recently by the Tourism Ministry and USAID. “Through the Distinctive Destinations Programme we seek to encourage Jordanian towns to capitalise on their core strengths, unique characteristics and assets to improve their tourism offerings,” Tourism Minister Lina Annab said. Speaking at the launch of ...

MAKKAH / TNS The Council of Ministers during their weekly meeting on Monday thanked Custodian of the Two Holy Mosques King Salman for launching a number of new development projects worth over SR4 billion in Madinah, referring to health, education, water and sanitation projects; and for ordering an extra SR1,691 for all the country’s beneficiaries of social aid. The Cabinet ...

  DOHA / Reuters Total has won a 30 percent stake in a new 25-year contract to operate Qatar’s largest offshore oilfield, officials said on Monday, in the second major upstream development deal for the French oil firm in the Gulf region in as many years. State-owned Qatar Petroleum (QP) will keep the remaining 70 percent in the new joint ...

  TNS After King Salman ascended the throne, relations with France have taken center stage in the Kingdom’s foreign policy. The ties got the added fillip following Deputy Crown Prince Mohammed bin Salman’s current visit to Paris, beginning Sunday. Jean Pierre Moline, an expert in defense policy for France and Europe, said security cooperation between the two countries is deep-rooted ...

  Abu Dhabi / Emirates Business UAE’s leading financial institution, Mashreq is in partnership with Arady Properties, an experienced Real Estate company set to launch the UAE’s first Qualified Investor Real Estate Fund which will be registered in the DIFC. The Sharia’h Compliant fund’s strategy will be the acquisition of select, income generating, diversified assets across the GCC with a ...

  Abu Dhabi / Emirates Business Designed to further enhance the passenger experience at Abu Dhabi International Airport (AUH), Abu Dhabi Duty Free has launched its website, www.ADDF.ae, to enable travellers to browse and shop online from where ever they are, prior to their arrival at the airport. The online store, which initially offers around 1000 of the most popular ...

  Sharjah / Emirates Business Souq Al Jubail, a project of Sharjah Asset Management property and the largest fresh produce market in Sharjah, has allocated a dedicated space for products designed by inmates of the Sharjah Punitive and Correctional Establishment. The move is part of the management’s efforts to boost partnership with government parties in the Emirate of Sharjah and ...