Bloomberg Saudi stocks climb the most in the Gulf, tracking a surge in oil prices after Opec+ shocked the markets with a decision to keep supply in check. Aramco advanced the most in five months. The Tadawul All Share Index rises as much as 1.4%, extending gains this year to 7.9%. Saudi Basic Industries, Saudi Aramco and Al Rajhi Bank ...

Bloomberg The Nasdaq 100 Index capped a third straight week of declines that shaved off $1.6 trillion in market value from high-flying technology stocks amid a rise in US Treasury yields. The slump eased as benchmark rise alongside S&P 500 Index, gaining 1.6%. Still, Nasdaq ended the week 1.9% lower, marking the longest streak of declines since September. “Higher interest ...

KHARTOUM / WAM The Emirates Red Crescent (ERC) continues to provide additional humanitarian aid to those affected by floods which swept through a number of Sudanese states last year, as part of its efforts to address the repercussions of the disaster that is still affecting people in some areas. In this context, the ERC dispatched three new aid convoys to ...

Dubai / WAM The Telecommunications and Digital Government Regulatory Authority has appreciated the data insights by the World Digital Report 2021, published in partnership between “We Are Social” and “Hoot suite”. The report sheds light on the digital lifestyle in the UAE, based on group data that monitored individuals and companies’ behaviour during the year 2020, which witnessed the coronavirus ...

DUBAI / WAM The UAE’s Ministry of Industry and Advanced Technology (MoIAT) and Spain’s Ministry of Science and Innovation (MSI) signed a Memorandum of Understanding (MoU) that will see them develop an advanced technology framework over the next three years. The framework aims to foster bilateral collaboration in the areas of technological advancement, technology transfers and the deployment of key ...

DUBAI / WAM DP World, the leading provider of smart supply chain logistics, alongside its partner Caisse de dépôt et placement du Québec (CDPQ), a global investment group, on Saturday signed a long-term agreement with Indonesia’s leading conglomerate Maspion Group to start the construction of an international container port and industrial logistics park in Gresik. Work on projects is expected ...

RIYADH / WAM The Coalition Forces to Restore Legitimacy in Yemen on Saturday morning intercepted and destroyed two bomb-laden UAVs launched “systematically and deliberately” by the terrorist Houthi militia to target civilians and civilian objects in Khamis Mushait and Jazan. The Saudi Press Agency quoted Spokesperson Col. Turki Al Maliki as saying that these are the 7th and 8th bomb-laden ...

DUBAI / WAM Dubai Electricity and Water Authority (Dewa) has won the European Foundation for Quality Management (EFQM) UN Sustainable Development Goals (SDGs) Challenge 2021. The award recognises Dewa’s efforts in sustainable development and its support of the UAE’s efforts to achieve the UN SDGs. Saeed Mohammed Al Tayer, MD and CEO of Dewa, expressed his pleasure at Dewa winning ...

Dubai / WAM Over 16,000 new member companies joined Dubai Chamber of Commerce and Industry in 2020 as the organisation responded to new challenges and adapted its services and offerings to meet the changing needs of the business community. In 2020, Dubai Chamber saw the return on its investment in digital transformation over the years. The Chamber was digitally prepared ...

Dubai / WAM Dubai’s Roads and Transport Authority (RTA) has completed the construction of two model bus stations at Oud Metha and Al Satwa. The stations feature unique designs that form a blend of creative and practical solutions to engineering designs, along with introducing a new concept of mass transit. “The construction of stations for public bus riders complements RTA’s ...