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The countdown begins for Expo 2020 in Dubai

The countdown begins for Expo 2020 in Dubai

By Dr Sultan Ahmad Al Jaber : In its pursuit of human progress, the UAE has always participated in initiatives aimed at global economic development. Our country was hard-wired at…

Oman Duqm in Oman attracts $11 billion investment, says Sezad boss

Oman Duqm in Oman attracts $11 billion investment, says Sezad boss

Duqm has attracted some $11 billion in investment for various projects, which include a major refinery and a series of industrial ventures by Chinese investors, according to a top official…

MENA e-commerce market value seen to top $6.7b in 2017

MENA e-commerce market value seen to top $6.7b in 2017

The number of online shoppers in the Middle East and North Africa (MENA) region is growing exponentially, bringing the regional e-commerce market to unprecedented expansion. The Middle East’s e-commerce sector,…

Oman Shipping sets up new chartering service

Oman Shipping sets up new chartering service

State-owned Oman Shipping Company (OSC) has set up a new commercial chartering desk offering its very large crude carrier (VLCCs) to major traders and charterers covering VLCC routes worldwide. OSC…

Turkish Islamic banks, Islamic Development Bank sign deal to finance giant projects

Turkish Islamic banks, Islamic Development Bank sign deal to finance giant projects

Officials from the Islamic Development Bank and the Turkish Islamic Banks’ Association (TKBB) signed a cooperation deal for financing infrastructure projects on May 25, Reuters has reported. The agreement was…

Islamic economics, finance conference to be held in Makkah

Islamic economics, finance conference to be held in Makkah

The Islamic Research and Training Institute (IRTI) has signed a memorandum of understanding with two other institutions to jointly organize the 12th International Conference on Islamic Economics and Finance, to…

$100m fund launched to advance Arab education

$100m fund launched to advance Arab education

A $100 million fund has been launched to change the Palestinian education system through a radically new approach to teaching and learning methods, in an initiative that could ultimately be…

ITFC to sign $1bn agreements to boost trade development in member states

ITFC to sign $1bn agreements to boost trade development in member states

International Islamic Trade Finance Corporation (ITFC) is scheduled to sign deals on Thursday exceeding $1 billion to support strategic commodities for a number of its member countries, CEO of ITFC…

King inaugurates JD400m solar energy projects

King inaugurates JD400m solar energy projects

His Majesty King Abdullah on Sunday inaugurated several solar energy projects, which include 12 photovoltaic power stations set to generate 200 megawatts of electricity at a cost of more than…

Future of smart cities to be discussed in Istanbul

Future of smart cities to be discussed in Istanbul

The World Cities Expo Istanbul, which will be held at the Haliç Congress Center from May 15 to May18, 2017, will bring together leading institutions, organizations and country representatives from…