Saudi ministry, Red Sea Authority to boost coastal tourism
Riyadh, Saudi Arabia -- The Saudi Red Sea Authority, in cooperation with the Ministry of Tourism, has launched the "Seas...
Business
Al Ansari to pay $81m dividend
Business
EITC to offer fintech services
Business
Work-life imbalance, mental health hit women hardest
Despite widespread cultural and contextual differences, many women around the world are experiencing similar challenges in and out of the...
Opinion
Syria rejoins Arab League after 11-year absence
The bloc's foreign ministers unanimously agree to allow government delegations from Syria to resume their participation in meetings ahead of...
- The bloc's foreign ministers unanimously agree to allow government delegations from Syria to resume their participation in meetings ahead of a key summit in Jeddah on May 19.
- The development comes after a decade-long suspension due to President Bashar al-Assad's crackdown on pro-democracy protesters in 2011 that sparked the country's civil war
Science
UAE astronaut AlNeyadi to join docking port relocation mission
This will be the third port relocation of a Dragon crew spacecraft, following previous relocations during the Crew-1 and Crew-2...
- AlNeyadi will take part in the mission along with NASA astronauts Stephen Bowen and Woody Hoburg and Roscosmos cosmonaut Andrey Fedyaev.
- The relocation is supported by the Mission Control Centre at NASA’s Johnson Space Centre in Houston and SpaceX in Hawthorne, California.
Business
ADNOC and TotalEnergies sign agreement to export LNG globally
Abu Dhabi, UAE - ADNOC Gas announced Monday a three-year supply agreement with the TotalEnergies Gas and Power Limited for...
- Under the deal, ADNOC Gas will supply TotalEnergies LNG, which will be delivered to various export markets around the world.
- "This agreement reflects our commitment to meeting the needs of our customers by offering supply security," said CEO ADNOC Ahmed Alebri.
Business
UAE and Cambodia may eliminate tarrifs, cut non-tariff barriers
The UAE also eyes investment opportunities with Cambodia in logistics and infrastructure, travel and tourism projects, and renewable energy, reports...
- Non-oil trade relations between the two grew to $401 million in 2022, marking a 31 percent rise in comparison to 2021.
- Bilateral FDI between the two touched $3.8 million by 2020, which is likely to increase further with UAE all set to export more
Business
Medical tourists spent $270m in Dubai during 2022: DHA
Awadh Seghayer Al Ketbi, Director-General of the DHA, said Dubai’s ability to provide high-quality patient-centered medical care has accelerated its...
- 39% percent of the medical tourists were from Asian countries, 22% from Europe and the Commonwealth of Independent States.
- The three specialities that saw the highest number of medical tourists were dermatology (31%) dentistry (24%) and gynecology (18%).
Business
Dubai Chamber of Commerce launches six F&B business groups
Dubai, UAE - Dubai Chamber of Commerce, one of the three chambers operating under Dubai Chambers, has launched six business...
- Fresh food sales are anticipated to grow at a CAGR of 4.9 per cent between 2022 and 2027.
- Retail sales of supermarkets in the UAE are set to rise at a current value CAGR of 4 percent.
Arts & Culture
Dubai is the new destination wedding choice for couples
DUBAI, UAE- Dubai is fast emerging as the city of choice for destination weddings, with a growing number of event...
- This is in line with the efforts aimed at boosting the emirate's stature as a perfect place for living, work and visit, and a global destination for weddings
- Globally, people are choosing Dubai to celebrate not only weddings, but also milestone celebrations and personal occasions
Arts & Culture
DEWA encourages active lifestyle by organizing sporting events
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) organized 12 sports tournaments in 2022, with the participation of 2,437...
- DEWA sponsored and hosted three sports tournaments, and participated in several local sports events.
- DEWA’s Sports Committee organized the DEWA Bowling Tournament 2022 and 120 employees participated in the event.
Economy
UAE Council for Environmental and Municipal Work launches Waste-free Schools project
DUBAI, UAE - The UAE Council for Environmental and Municipal Work held its second meeting, chaired by Mariam bint Mohammed...
- The meeting agenda also featured discussions of several key topics, including the environmental indicators of the We The UAE 2031 vision.
- The minister said that the Council explored transformational environmental projects, in line with the new methodology for federal government work.
Science
Minister reiterates UAE’s support for global biodiversity framework at meeting
MONTREAL, CANADA - UAE Minister of Climate Change and the Environment Mariam bint Mohammed Almheiri participated in the High-Level Segment...
- Almheiri urged other ministers to work together towards achieving the meeting’s objective of adopting the post-2020 global biodiversity framework.
- The minister called for reversing biodiversity loss and realize the 2050 Vision for Biodiversity of a world living in harmony with nature.
Saudi ministry, Red Sea Authority to boost coastal tourism
Riyadh, Saudi Arabia -- The Saudi Red Sea Authority, in cooperation with the Ministry of Tourism, has launched the "Seas...
Business
Company News
Al Ansari to pay $81m dividend
Business
EITC to offer fintech services
Business
Latest News
DP World 2023 profit is $1.5bn
Business
EITC to offer fintech services
The company has been licensed for fintech services by the CBUAE.
Business
Air Arabia shareholders approve 20% dividend for FY2023
SHARJAH, UAE – Air Arabia shareholders approved the distribution of a 20 percent cash dividend for the financial year ended...
Business
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Business
Women returners to MENA workforce can contribute $385bn to GDP
Doha, Qatar -- Women returning to the workforce following a career break have the potential to contribute nearly $385bn to...
- A PwC Middle East study shows nearly half (44%) of women in MENA have taken a break over the course of their careers, typically driven by family and caregiving responsibilities.
- The report draws insights from over 1,200 women in the UAE, Saudi Arabia, Qatar, Egypt, Bahrain, Jordan, Kuwait, Lebanon, and Oman.
CI Capital 2023 revenue $134m
The firm’s performance was fueled by strong growth.
- The group’s total on-balance sheet financing portfolio ended the year at US$373 million.
- Corplease, the group’s leasing arm, saw its revenue rise 70 percent to reach US$74 million.
Business
Mubadala, co-investors buy Truist stake
TIH is the fifth largest insurance broker in the United States.
- This investment follows Mubadala’s purchase in 2023 alongside Stone Point Capital and other co-investors of a 20 percent stake in TIH for US$1.95 billion.
- The all-cash transaction, which values TIH at an implied enterprise value of $15.5 billion, is expected to be completed in the second quarter of 2023.