AJEX, MODON sign partnership
AJEX will have rights to operate warehousing facilities at Modon.
Business
EDGE bags $1.1bn UAE defense ministry munitions contract
Dubai, UAE -- EDGE, one of the world's leading advanced technology and defense groups, announced that it bagged an AED...
Business
UAE: Emirate to receive direct commercial flights from Ukraine
The move will see Ras Al Khaimah welcome flights from Kyiv twice a week Travelers from Ukraine will receive complimentary...
Bombed-out factories deepen economic pain in Gaza
More than half of the working-age population is unemployed in Gaza UN official says addressing the conflict's root causes...
Flydubai to run two new summer routes to Greece
Demand for travel to places outside MENA has risen after vaccine rollout Flydubai seasonal routes will open only after Sept...
Dubai records AED92 billion worth of realty transactions
Hadaeq Sheikh Mohammed Bin Rashid tops the list in villa sales Dubai Marina, Burj Khalifa among toppers in apartment sales...
A floating house launched in UAE sells for Dh 20 million
Neptune billed as the first environment-friendly floating house in the world Floating units can safely move from one place to...
New business licenses record 19 percent growth
The Business Registration and Licensing (BRL) sector of Dubai Economy reports that 15,475 new licenses have been issued during the...
DMCC Crypto Centre to champion cryptographic technologies in Dubai
Co-working spaces for crypto entrepreneurs within the Jumeirah Lakes Towers district Center will house a leading crypto advisory practice led...
DP World to expand energy efficiency pact with Etihad ESCO
MoU covers energy performance contracting projects, solar on-grid installations, IT solutions Etihad Energy Services currently retrofitting buildings in DP World's...
Covid-19: South Asia travelers to Bahrain need a test on arrival
Travelers will have to quarantine for 10 days before the second test Passengers from ‘red-list’ countries need to present proof...
Optimism in the air as Airport Show begins in Dubai
3-day exhibition attended by 95 exhibitors from 21 countries 50 percent improvement in the global passenger Kms likely by mid-2021...
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AJEX, MODON sign partnership
AJEX will have rights to operate warehousing facilities at Modon.
Business
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Saudi tourism on growth path despite hiccups
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Bahrain Central Bank’s Sukuk Al Salam oversubscribed 319%
Manama, Bahrain - The Central Bank of Bahrain (CBB) has said its monthly issue of the Sukuk Al-Salam Islamic securities...
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ADEX and Egypt sign wheat, commodities financing agreement
Abu Dhabi, UAE -- Abu Dhabi Exports Office (ADEX), the export-financing arm of Abu Dhabi Fund for Development (ADFD), has...
- The agreement entails a revolving financing program valued at S100 million, to be renewed annually over a five-year period, ultimately reaching a total of $500 million.
- The UAE’s support has contributed to the establishment of 25 silos in 17 governorates of Egypt, increasing wheat storage capacity by 1.5 million tons.
Business
Estithmar opens branches in Iraq
Two subsidiaries of the Qatari firm open two branches.
- Elegancia Healthcare, established a branch in Iraq in line with the memorandum of understanding that was signed recently to manage and operate several soon-to-be-opened hospitals.
- Estithmar Holding told Qatar News Agency that it signed agreements with the Iraqi investment authority worth $7 billion that includes real-estate and tourism development.
Business
Saudi minister, Chinese firms seek collaboration in housing development
Beijing, China -- Saudi Arabia's Minister of Municipal, Rural Affairs and Housing, Majid bin Abdullah Al-Hogail, has held a meeting...
- During his meeting with SITEC Group, Al-Hogail deliberated over plans to establish an industrial complex in accordance with the highest pre-casting technology standards.
- This complex will encompass finishing materials and an operational model for industrial zones, enabling the delivery of 5,000 units annually.