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Expo 2020 awards $182m contract for two pavilions, access road
Expo 2020 Dubai has awarded two major construction contracts worth AED 670 million ($182.4 million) to UK-headquartered international building company Laing O’Rourke to build...
Chabahar port phase-I opens, to boost India-Iran trade
Iranian President Hassan Rouhani inaugurated the first phase of the Chabahar port, called the Shahid Beheshti port, in the Sistan-Balochistan province on December 3,...
Delhi world’s 7th most expensive premium office location
Delhi figures among the world’s top-10 most expensive locations for premium office rents, while Mumbai makes it in the top-20, according to JLL’s latest report....
Saudi, UAE to boost cooperation in trade and investments
The UAE and Saudi Arabia are intensifying cooperation to boost investment and trade with select initiatives identified, top government officials said on Wednesday. Exemptions...
Saudi Aramco-Hyundai JV to create 650 jobs
Manufacturing facility will be co-located with the $5.2 billion maritime yard in Ras Al-Khair
State-owned oil giant Saudi Aramco (Saudi Arabian Oil Co) will create...
Iran, Afghanistan sign $2-million contract
During the 2nd Iran-Afghanistan joint economic exhibition, Iranian and Afghan businessmen and firms inked contracts worth $2m, Iranian Commercial attaché in Afghanistan said.
Mohammadreza Karim...
Sabic’s second quarter net profit declines 25 per cent
Saudi Basic Industries Corp (Sabic), the world’s fourth-biggest petrochemicals company reported a 25 per cent decline in second-quarter net profit on Sunday, amid higher...
Aramex Sees 4% Revenue Growth in Q2
Logistics firm Aramex announced second-quarter revenues of Dh1.148 billion, a 4 per cent increase over the same period last year. Half yearly revenues increased...
Federal Tax Authority mandated to audit tax compliance in the UAE
The provisions of the newly issued federal law on taxation have mandated the Federal Tax Authority (FTA) with the legal right to perform a...
Ethiopia target to generate USD 30 bn from textile sector by 2030
Ethiopia intend to increase their area of cotton production which is presently, only 20 percent of the three million hectares are used for cotton...
