Over-confidence leaves UAE consumers prone to online frauds: Visa study
Dubai, United Arab Emirates – Over-confidence is leaving consumers in UAE open to becoming victims of fraud, according to Visa’s...
Business
Ambitious agreements mark Saudi Crown Prince’s Qatar visit
Doha, Qatar – Following a landmark visit by Saudi Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud to Qatar,...
Geostrategy
Business
Qatar ports handle 140,000 tons of cargo in Dec 2022
Riyadh, Saudi Arabia-- The Qatar Ports Management Company (Mwani Qatar) said Sunday that it handled over 140,000 tons of cargo...
- Mwani Qatar said that it had received 267 cruises last December, with an increase of five percent, compared to the same period last year.
- It added that 6,263 vehicles and equipment, along with 38,867 heads of cattle and 45,985 tons of building and construction materials were received.
Business
Clean energy reaches 14 percent of Dubai’s total power production
DUBAI, UAE - MD and CEO of Dubai Electricity and Water Authority (DEWA) has announced that the production capacity of...
- Mohammed bin Rashid Al Maktoum Solar Park is the largest single-site solar park in the world using the Independent Power Producer model.
- Dubai's clean energy was also produced using photovoltaic solar power and concentrated solar power.
Business
10-day Citrus Festival concluded in Hail region of Saudi Arabia
Hail, Saudi Arabia---The second edition of the 10-day Citrus Festival, which was held in Hail region, has concluded after witnessing...
- General Supervisor of the Festival, Khaled Al-Batea said more than 80 participants displayed citrus products from all farms of the Hail region.
- During the festival, six workshops and a seminar on cooperative societies were held.
Business
Saudi Ministry of Industry, Hyundai Motor ink MoU to build cars in Kingdom
RIYADH, SAUDI ARABIA - Saudi Ministry of Industry and Mineral Resources has signed a memorandum of understanding with Hyundai Motor...
- The agreement aims at enhancing cooperation in a way that realizes the national strategic goals for industry in developing local manufacturing capabilities.
- The MoU stipulates building an assembly plant with the CKD system for electric cars and internal combustion engines cars in Saudi Arabia.
Business
Dubai records US$2.6bn in weekly real estate transactions
DUBAI, UAE - A total of 2,790 real estate transactions worth US$2.6 billion (AED9.6 billion) were conducted during the week...
- A total of 2,790 real estate transactions worth $2.6 billion were conducted during the week ending December 30, 2022.
- The DLD report showed that 179 plots were sold for $378 million.
Business
Dubai Chamber launches Cloud Computing Business Group
Dubai, UAE-- Dubai Chamber of Commerce has announced the launch of the Cloud Computing Business Group, which will focus on...
- The Chamber said the business group will address policy matters related to the industry, amongst others.
- The UAE has consistently outperformed 15 other countries in the Middle East and North Africa region as the most cloud competitive economy.
Science
Understanding winter storms and global warming
The link between global warming and heat waves is very direct, but the behavior of winter storms is governed by...
- There is no consensus on other mechanisms, such as the effect of climate change on the polar vortex and jet stream air currents.
- The polar vortex is an air mass above the North Pole, located high in the stratosphere. Humans dwell in the troposphere, and the stratosphere is located just above it.
Business
Fujairah Chamber board approves 2023 operational plan and budget
Fujairah, UAE-- The Board of Directors of the Fujairah Chamber of Commerce and Industry stressed the importance of encouraging private...
- 2023 operational plan comprises several programmes and activities, including the development of the chamber's electronic system.
- The Board stressed the importance of encouraging private sector companies and institutions in the emirate to improve their products.
Business
CBUAE issues commemorative coins on anniversaries of Abu Dhabi ports
Abu Dhabi, UAE-- The Central Bank of the UAE (CBUAE), in cooperation with Abu Dhabi Ports, issued 1,000 commemorative silver...
- The coins highlights the successes achieved by the ports of Abu Dhabi and their role in the emirate’s maritime sector in the past decades.
- Each coin weighs 60 grams. The front side includes a drawing of the Abu Dhabi Ports Group logo with the name "Central Bank of the UAE" written in both Arabic and English languages.
Business
AD Ports, KMTF sign pacts
They will launch a joint venture to provide services for energy companies.
- AD Ports, which will own 51 percent, and KMTF, which owns 49 percent, also signed an agreement to pool tanker resources.
- The two companies also signed a seven-year vessel pooling agreement, which includes the provision of several tankers for the transportation of crude oil internationally.
Over-confidence leaves UAE consumers prone to online frauds: Visa study
Dubai, United Arab Emirates – Over-confidence is leaving consumers in UAE open to becoming victims of fraud, according to Visa’s...
Business
Company News
SAB sees $26m negotiated deal
Business
Latest News
ZATCA, Korea Customs Service sign MoU to recognize AEO
Riyadh, Saudi Arabia -- Saudi Arabia's Zakat, Tax and Customs Authority (ZATCA) and Korea Customs Service have signed a memorandum...
Business
AD ports’ digital customs transactions increase by 37% in H1
Clearance of goods transactions increased by 35.8%.
Business
Aramco, IHC among biggest companies in Middle East
Energy, banking and financial services, and industrial sector companies are among the largest in the Middle East, especially the Gulf...
Infographics
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Arts & Culture
Picasso’s ‘Woman With a Watch’ to be exhibited in Dubai on Sept 25-26
This would be for the first time that the painting has been exhibited outside of the United States in over...
- This would be for the first time that the painting has been exhibited outside of the United States in over 50 years.
- The painting depicts Marie-Thérèse Walter, Picasso’s “golden muse” and the subject of many of his most iconic works.
Videos
Realty sector’s success hinges on GDP growth
The kingdom’s Minister of Housing, Majid Al-Hogail recently said that Gulf country's residential real estate finance is expected to exceed...
- Saudi Arabia has unveiled the MENA region's inaugural real estate stock exchange, marking a transformative moment for property trade in the Kingdom.
- The Kingdom's residential real estate finance is expected to exceed 1.2 million contracts with a value of SR600 billion ($162 billion) by 2030.
Business
BFB, The Family Office sign partnership
Bahrain FinTech Bay is a fintech ecosystem builder.
- BFB said that it will also explore the development of innovative digital investment solutions aligned with market trends.
- Bader Sater, CEO of Bahrain FinTech Bay. "Our combined strengths will lead to the creation of cutting-edge digital investment offerings that cater to the market's evolving needs."