7,000 digital marriage contracts delivered in Abu Dhabi since Oct
Abu Dhabi, UAE -- The Abu Dhabi Judicial Department has introduced a new service that allows marriage contracts to be...
Arts & Culture
Economy
Qatar’s Q1 private sector exports hit $2.49 billion, up 17.5%
Doha, Qatar -- Qatar's private sector exports hit QR 9.1 billion ($2.49 billion) in the first quarter of 2023, representing...
- China was the top recipient of Qatari private sector exports amounting to QR 3.1 billion, a share of 34.1 percent.
- It is followed by India with almost QR 2.4 billion and a share of 26 percent, and Oman with about QR989 million, a share of 10.9 percent.Â
Business
Amarenco acquires Spectrum International
The acquisition includes all operating projects and pipeline of Spectrum.
- Following the acquisition, Spectrum will be rebranded as Amarenco Jordan, becoming the main platform for Amarenco MENA in Jordan, with a target to own 200MW.
- The company develops, builds, and operates large and medium-scale solar projects, with more than a billion dollars of investments on average every year.
Business
Dubai directs service providers to declare local sea container charges
Dubai, UAE -- Container service providers in Dubai will now be required to declare their local sea container charges to...
- Effective from 1st May 2023, the new directive will provide the DMA with a clear data-led understanding of local sea container charges and associated practices, WAM reported.
- The directive applies to all service providers providing local sea container services within, outside, or through any port in the emirate.
Business
Aramco, PIF and Baosteel to build Saudi Arabia’s first steel plate plant
It will be the largest integrated steel plate manufacturing complex in the kingdom to be located in Ras Al Khair...
- The production capacity is expected to be up to 1.5m tons per annum. The complex will have premium facilities such as natural-gas-powered direct reduction iron furnace.
- Aimed primarily at meeting the needs of the Saudi market, there are plans to export to the Gulf Cooperation Council and MENA region.
Business
Saudi ports handle more than 2 million containers in first quarter
Riyadh, Saudi Arabia -- The number of containers handled by Saudi ports in the first quarter of 2023 grew by...
- Transshipment containers witnessed an increase of 14.96 percent and 778,056 containers compared to 676,826 containers in the first quarter of 2022.
- A total of 258,051 cars were imported, an increase of 35.52 percent over the first quarter of the previous year, which recorded 190,422 cars.
Business
Trina Solar revenue up 83%
Trina's market share of 210mm module shipments was more than 50%.
- Trina Solar’s main businesses, including PV products, PV systems and smart energy, all registered strong growth, the company said in a statement.
- The company also unveiled that its module shipments in 2022 totaled 43.09GW and cumulative module shipments exceeded 140GW by the end of March 2023.
Business
Arab Bank Q1 profit $216m
The first-quarter profit increased by 30% compared to Q1 2022.
- The Group's total equity was $10.4 billion as loans grew to $35.4 billion and deposits reached $47.7 billion.
- Excluding the impact of devaluation of several currencies against the US dollar, loans and deposits grew by 3 percent and 4 percent, respectively.
Business
DEWA keen to enhance happiness in work environment, says CEO
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) affirmed its commitment to achieve the 'We the UAE 2031' vision...
- "We harness all capabilities, technologies and digital solutions to strengthen the skills of our employees," DEWA CEO said.
- "We consider employees the main pillar for strengthening DEWA’s position as one of the most prominent utilities in the world," he said.
Economy
Qatar’s economically active population up by 3% in Q4 2022
The Labor Force Sample Survey for the October-December 2022 period shows the percentage of male and female wage workers reached...
- The number of economically active males was 95.4 percent and females 63.4 percent. The people in the 25-34 year age group were the most economically active part of the workforce.
- The percentage of unemployed people increased by 1.3 percent to reached 0.1 percent-- 51 percent of the jobseekers being males and the rest females.
Arts & Culture
Almost 8,000 participants to take part in Sharjah’s 10th Charity Marathon
SHARJAH, UAE- The 10th Annual Charity Marathon, expected to attract over 8,000 runners from all segments of society, is all...
- It is organized by the Friends of Arthritis Patients (FAP) of the Health Promotion Department (HPD) at the Supreme Council for Family Affairs in Sharjah.
- The marathon will take place along Al Mamzar Corniche and feature a variety of innovative health, sports, and recreational events and activities.
7,000 digital marriage contracts delivered in Abu Dhabi since Oct
Abu Dhabi, UAE -- The Abu Dhabi Judicial Department has introduced a new service that allows marriage contracts to be...
Arts & Culture
Company News
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UAE to expand relations with Singapore in vital sectors: Sheikh Zayed
Abu Dhabi, UAE -- UAE President Sheikh Mohamed bin Zayed Al Nahyan and Singapore Prime Minister Lee Hsien Loong Sunday...
Science
Emaar EC and Orascom to develop tourism destination
Dubai, UAE -- Emaar, The Economic City, the master-developer of King Abdullah Economic City (KAEC), has signed a strategic agreement...
Business
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Business
DCT signs MoU with Microsoft to transform Abu Dhabi tourism
Dubai, UAE -- The Department of Culture and Tourism - Abu Dhabi (DCT Abu Dhabi) and Microsoft have signed an...
- Activities under the MoU will also drive growth, foster innovation and enhance knowledge among DCT Abu Dhabi employees.
- The MoU spans across the optimization, automation, and modernization of IT and security infrastructure and will be enabled by Microsoft’s cloud computing platform Azure.
Business
MAWANI and SGP sign $266m contract
They will establish a logistics zone in King Abdulaziz
- The zone will provide major logistics services, unique solutions, integrated services, and environmental systems, including warehouses and yards.
- It will also include a warehouse and re-export area to provide sorting, regional distribution, and value-added operations.
Business
Kadi Pay okayed for BNPL solutions
The company was approved by the Saudi Central Bank.
- With Kadi Pay, six authorized companies are now offering BNPL solutions in Saudi Arabia, bringing the total number of licensed/ permitted finance companies to 56.
- The BNPL solutions provide finance to customers wishing to buy products and services without incurring financing costs.