Middle Easte Business news

Business

An ACWA Power led consortium has been awarded the fourth phase of the Mohammed Bin Rashid Al Maktoum Solar Park, by far the largest single-site CSP plant in the world, which will provide reliable and dispatchable electricity to the emirate during the day and throughout the night just as a fossil fuel power plant does. With a capacity of 700 MW, the project has set a new global record for the lowest levelised cost for renewable base load electricity at USD 7.3 cents per kilowatt hour in an…
09.21 / 22:08
al-press.com
Imdaad, the Dubai based award-winning integrated facilities management company, will be launching the first “Imdaad Work Series” at FM Expo, Middle East’s largest dedicated FM show. From 25 to 27 September at the Dubai World Trade Centre, the Imdaad Work Series will provide unique insights on facilities management and the disruptors behind the rapid transformation of this booming industry.  Read More …
09.21 / 22:08
al-press.com
UAE Vice President and Prime Minister and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum today chaired a meeting of the Year of Giving Higher Committee to follow up on the progress of the Year of Giving. His Highness also approved of ten new initiatives and work policies in order to cement the UAE’s role as a philanthropic leader in the region through a sustainable framework that integrates both private and public sector institutions. Read More …
09.21 / 22:08
al-press.com
Sharjah FDI 2017 wrapped up its agenda yesterday (Wednesday) with panel discussions on business startups and the economy and an interview on the UAE’s forthcoming Value Added Tax (VAT) imposition. Themed ‘The Fourth Industrial Revolution,’ the two-day global investment forum was held under the patronage of His Highness Dr. Sheikh Sultan bin Muhammad Al Qasimi, Supreme Council Member Ruler of Sharjah. Read More …
09.21 / 22:08
al-press.com
Emaar Properties today announced that it will develop about 10 million sq ft of waterfront residences and a brand-new hotel project at Dubai Harbour, the 20 million sq ft destination developed by Meraas. Dubai Harbour was launched earlier this year by His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai. Read More…
09.21 / 22:08
al-press.com
AMMONNEWS - Director of the Middle East and Central Asia Department of the International Monetary Fund, Jihad Azour, said that he had reviewed with the prime minister, the minister of finance and the governor of the Central Bank of Jordan economic developments and growth prospects.Azour told…
09.21 / 21:48
en.ammonnews.net
Allows users to avoid conflict zones Ramallah-based RedCrow […] The post Ramallah start-up uses algorithms to predict Mideast conflict appeared first on The Media…
09.21 / 18:03
themedialine.org
Launched in 2011 with the shared goal of capitalizing on the Kingdom’s wealth of innovative ideas from its creative youth population, Starbucks’ BADIR social entrepreneurship support program has proudly established an exemplary model of beneficial partnerships and their power to... The post BADIR: United Towards a Brighter, Shared Future appeared first on Venture Mag…
09.21 / 17:07
venturemagazine.me
Real estate advisory firm RAMCO reveals that the average sales prices of apartments under construction in different neighborhoods of Beirut vary between USD 2,148 and USD 8,500 per SQM on the first floor. These are asking…
09.21 / 17:03
iloubnan.info
The Central Bank's Coincident Indicator, an index of economic activity in Lebanon, reached 297.6 points in April 2016 compared to 296.1 in March 2016 and 288.2 in April 2015, Byblos Bank's Lebanon This Week…
09.21 / 17:03
iloubnan.info
Figures released by the Hariri International Airport (HIA) show that the number of airport passengers (arrivals, departures, transit) totaled 2,700,119 in the first five months of 2016, constituting an increase of 7.2% from…
09.21 / 17:03
iloubnan.info
Lebanon's gross public debt reached $71.7bn at the end of April 2016, constituting an increase of 1.9% from $70.3bn at end-2015 and a rise of 3.1% from $69.5bn at the end of April 2015, Byblos Bank's Lebanon This Week…
09.21 / 17:03
iloubnan.info
Demand for residential real estate in Lebanon contracted in the first quarter of 2016, as reflected by the results of the Byblos Bank Real Estate Demand Index. Byblos Bank's Lebanon This Week reported that the Index averaged…
09.21 / 17:03
iloubnan.info
The dollar fell back against the euro Thursday but firmed against the yen, as markets assessed the Federal Reserve's outlook for U.S. interest…
09.21 / 16:03
naharnet.com
An official in the Arabian Gulf has stated that construction companies and others in the Gulf Cooperation Council (GCC) look forward to participating in reconstruction projects in Iraq, stressing that it has the potential to qualify for this role. Abdul Rahim Naqi, secretary-general of the Council of Chambers of the Gulf Cooperation Council (GCC) stated…
09.21 / 10:18
iraq-businessnews.com
Gazprom Neft Badra, operator of the Badra field, has undertaken the largest ever maritime shipment of oil for export in the company’s history, with 1.78 million barrels of hydrocarbons being despatched for the United States in the New Solution crude oil tanker. This is, to date, the second oil consignment to the American market by […
09.21 / 10:06
iraq-businessnews.com
Range Energy Resources has announced that Gas Plus Khalakan (GPK), the sole contractor of the Khalakan PSC in the Kurdistan Region of Iraq, issued an operations update regarding the Shewashan field. Shewashan #4: The 4th well drilled on the Shewashan field, Shewashan #4, has been completed as a deviated producer in the Qamchuqa reservoir formation…
09.21 / 10:06
iraq-businessnews.com
By John Lee. The Central Bank of Iraq (CBI) has organized a course on combating money laundering, terrorism financing, compliance and risk management. The course was held from 17th to 20th September at the Central Bank building, under the supervision of the banking studies center. Sixty-one employees from government, private banks and money transfer companies…
09.21 / 10:06
iraq-businessnews.com
This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Iraqi Kurdistan is in the spotlight and the international media are reporting on the upcoming independence referendum, far and wide. But a focus on international opposition, means that important context …
09.21 / 10:06
iraq-businessnews.com
U.S. and coalition military forces continued to attack the Islamic State of Iraq and Syria on Tuesday, conducting 44 strikes consisting of 50 engagements, Combined Joint Task Force Operation Inherent Resolve officials reported yesterday. Officials reported details of yesterday’s strikes, noting that assessments of results are based on initial reports. Strikes in Syria Near Raqqa,…
09.21 / 10:06
iraq-businessnews.com