Author: Hasanoluk

Saudi Arabia issued 124 industrial licences in January, with investments into new permits reaching 2.4 billion Saudi riyals ($640 million), the government said. Twenty-nine licences were issued for food manufacturing, 18 for non-metallic mineral production, 12 for manufacturing chemicals and chemical products, 11 for metal product manufacturing (excluding machinery and equipment), and eight licences for the manufacturing of rubber and plastic products, among others. Small businesses acquired 86 per cent of new industrial licences, while medium-sized and micro-sized enterprises acquired 11 per cent and 2.5 per cent, respectively, the kingdom’s Ministry of Industry and Mineral Resources said. Overall, national factories hold nearly 80…

AD Ports Group has announced the launch of a new shipping service between Khalifa Port, Hamad and Shuwaikh/Shuaiba Ports.  This new service is expected to enhance commercial and logistic connectivity and improve trade with Qatar and Kuwait. AD Ports has also announced a free land cargo service throughout the month of Ramadan, in which cargo will be shipped between Khalifa Port, Hamad Port, and Port of Shuwaikh and/or Port of Shuaiba. The group reported it will provide customers with a digital appointment booking system for the new shipping service through the Advanced Trade & Logistics Platform (ATLP). The launch of this…

Masks of Amenemope and his predecessor, the 21st Dynasty King Psusennes I, are seen following a conference at the Egyptian Museum after the opening of the newly renovated wing in the 120-year-old Egyptian museum in Egypt’s capital of Cairo, Egypt February 20. Egypt has inaugurated the first phase of renovations on the venerable Egyptian Museum in central Cairo, giving the collection a facelift after many of its objects were relocated to other museums around the country. The building in Cairo’s Tahrir Square first opened in 1902 and has long ranked as one of the world’s greatest museums, with its vast…

Egypt’s President Abdel Fattah Al-Sisi affirmed that Egypt witnessed hard challenges after 2011, but it succeeded in overcoming these challenges and surviving. He pointed out that the chaos that Egypt witnessed after 2011 cost the state about $450bn.​ Al-Sisi added that the challenges that Egypt faced were parallel and it was necessary to confront them simultaneously. During his speech in the main session of the World Government Summit in the UAE on Monday, the president explained that the first challenge that the Egyptian state faced was the state of fragmentation, disintegration and loss of hope on the part of the…

Hong Kong/SeoulCNN — South Korea’s leader is capping off a whirlwind week, after securing tens of billions of dollars in investment from the Middle East and vowing to have his country play a more important role in revitalizing international supply chains. On Monday, South Korean President Yoon Suk Yeol announced that the United Arab Emirates had pledged a staggering $30 billion in investment in the Asian country. The news came after the leaders of the two nations held talks in Abu Dhabi on Sunday, in a landmark trip that marked the first-ever state visit to the UAE by a South…

RIYADH: Aiming to reimagine the global living experience through its portfolio of tech-enabled branded residences Stella Stays is planning to become the biggest residential hospitality player in the region, said its co-founder and CEO. Speaking to Arab News in an exclusive interview, Mohannad Zikra said that the Dubai-based proptech startup that is disrupting the global residential real estate sector with its innovative business model will be adding about 2,500 apartments regionally this year of which 50 percent is going to be in Saudi Arabia. “We’re adding just over 1,200 apartments mainly focused on Riyadh but we’re also planning to launch…