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SAUDI ARABIA EMARATES BAHRAIN KUWAIT OMAN QATAR

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Press Dossier

By Date

30/07/2022

	TRSP 5-year anniversary: 1,000 youths gets training to join TRSDC in building tourism future RIYADH: The Red Sea Development Co. has partnered with Saudi Human Resources Development Fund to provide vocational training for 1,000 nationals — its second batch of students — to encourage a thriving tourism industry in the region.
	Theeb Rent A CAR launches new branch in Hail RIYADH — Theeb Rent A CAR has launched a new branch in Hail city at King Saud Road and it is the second branch in Hail. As part of the expansion plans of the company for this year, it launched this branch as a kind of enhancement and support. As well, the company seeks to cover all cities, areas, and provinces of the Kingdom to provide services to individuals, business sectors, governmental authorities, and private sector companies by renting cars of their different types and sizes.
	ADNOC announces second gas discovery from Offshore Block 2 Exploration Concession in Abu Dhabi Abu Dhabi National Oil Company (ADNOC) on Friday announced a second discovery of natural gas resources in the first exploration well in Abu Dhabi's Offshore Block 2 Exploration Concession, operated by Eni. The discovery from a new deeper reservoir indicates between 1 – 1.5 trillion standard cubic feet (TSCF) of raw gas in place.
	Dubai’s real estate deals reach record Dhs22.75 billion in June Dubai’s real estate market recorded a total of 8,897 sales transactions worth Dhs22.75 billion, the highest volume of sales transactions for the month of June in the past nine years, according to Mo’asher, Dubai’s official sales price and rental performance index.
	DFM posts 63% growth in net profit of H1 2022 to Dhs63.4 million The Dubai Financial Market (DFM) has announced its consolidated financial results for the first half of the year ended 30th June 2022, posting a 63% increase in its net profit to Dhs63.4 million compared to Dhs38.8 million during the corresponding period of 2021.
	Dewa enhances its smart grid through its Virtual Power Plant Dubai Electricity and Water Authority (Dewa) has enhanced integration between different energy resources in its smart grid through its Virtual Power Plant (VPP), the first of its kind in the region.
	Standard Chartered’s MEA division sees 28% profit surge Dubai: Standard Chartered’s Africa and Middle East business reported a 28 per cent rise in its operating profit for the first-half of 2022.
	Jordan's Arab Bank posts H1-2022 net profit at $252m Dubai: Jordan’s biggest lender Arab Bank reported a 38 per cent increase in net income to $252 million in the first-half of 2022.

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