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Japan's Mitsubishi Heavy freezes SpaceJet development to focus on other units

MHI said it has halted SpaceJet's development because the prospects for Japan's first passenger aircraft in half a century have dimmed

Egypt to sign partnership agreement with UNIDO soon: Industry Minister

The expected deal will contribute to improving the economic, social, and environmental performance of the industrial sector in Egypt

travel and tourism

Egypt, Russia discuss resumption of charter flights to Red Sea resorts

Shoukry expressed Egypt’s aspiration to resume charter flights from Russia to Red Sea resort cities of Sharm El Sheikh and Hurghada in Egypt

travel and tourism

Saudi AlUla unveils new experiences, heritage sites open for bookings

Heritage sites, Hegra, Jabal Ikmah and Dadan are the first to reopen for bookings

financial services

Saudi SAMA: Mortgages loans reached 208,505 contracts until Q3 of 2020

"SAMA" report indicates that 97% of newly signed mortgage loans were concluded through banks, while 3% of them through financing companies

Recovery in energy business keeps Prysmian on track for FY targets

Milan-listed shares in Prysmian turned positive

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Real Estate

Saudi SAMA: Mortgages loans reached 208,505 contracts until Q3 of 2020

financial services

Saudi SAMA: Mortgages loans reached 208,505 contracts until Q3 of 2020

ICD & Bidaya partner to facilitate home ownership in Saudi Arabia

Dubai rents to stay affordable

Construction

Saudi Cement sees 28% rise in quarterly profit

Saudi Cement sees 28% rise in quarterly profit

Arabtec Egypt lodges 2 cases against Amer Group’s unit

Sharjah announces opening of new mall in Kalba city

Energy

SEC quarterly earnings down 18%

SEC quarterly earnings down 18%

Wintershall Dea transfers control of Sirte Basin fields to new joint venture

L&T on track to complete 73 substation projects in GCC

Financial Services

Saudi SAMA: Mortgages loans reached 208,505 contracts until Q3 of 2020

financial services

Saudi SAMA: Mortgages loans reached 208,505 contracts until Q3 of 2020

financial services

CBD records 23% lower net profits in 9 months

financial services

Saudi Mawani, KPMG Al Fozan sign deal to achieve financial sustainability

Islamic Finance

Sulaiman Al Habib’s unit receives $586mln loan from Saudi SABB

Sulaiman Al Habib’s unit receives $586mln loan from Saudi SABB

ICD & Bidaya partner to facilitate home ownership in Saudi Arabia

islamic finance

IsDB teams up with Standard Chartered via MoU

Technology

1.15bln 5G smartphones by 2025

1.15bln 5G smartphones by 2025

Samsung Electronics sees profit decline on weak server chip demand after strong Q3 earnings

Al Babtain extends MoU with SEII until January 28

Multimedia

Trump and Biden enter final week of election campaign

GalleryTrump and Biden enter final week of election campaign

GalleryAnti-lockdown protests in Europe

Anti-lockdown protests in Europe

GalleryEditor’s Choice: October 28, 2020

Editor’s Choice: October 28, 2020

GalleryEditor’s Choice: October 27, 2020

Editor’s Choice: October 27, 2020

GalleryEditor’s Choice: October 26, 2020

Editor’s Choice: October 26, 2020

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