UAE backs Egypt’s Ras El Hekma megaproject, aims for $110 billion investment
Abu Dhabi, UAE - The UAE Ministry of Investment (MoI) announced today its support and key role in the advancement...
Business
United by innovation and progress: The enduring US-UAE partnership
‘’In close partnership, we are working to advance multilateral diplomatic solutions and provide urgently needed humanitarian assistance in Gaza and...
Geostrategy
International Justice Conference begins in Saudi Arabia
RIYADH, SAUDI ARABIA - Saudi Justice Minister Dr. Walid Al-Samaani inaugurated the International Conference on Justice here on Sunday. Several...
- Over 4,000 persons and 50 international speakers took part in the justice conference in Saudi Arabia.
- The conference aims to facilitate access to justice through digital innovation, judicial technology and enrich legal culture.
Economy
UAE keen on new technologies, says minister at Raisina Dialogue 2023
NEW DELHI, INDIA - UAE Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications Omar Sultan Al...
- Representatives from over 100 countries, including ministers, military commanders, captains of the Industry, participated in Raisina Dialogue 2023.
- The UAE is keen on sharing knowledge, experience and success stories by participating in international conferences.
Geostrategy
Six EU countries urge Israel to stop settlement expansion in West Bank
LONDON, UK- Six European countries on Saturday called on Israel to stop expanding its settlements in Palestine's West Bank. Britain,...
- The EUs envoy to the Palestinians has called for accountability and action after Israeli settlers went on a rampage.
- Britain, France, Germany, Italy, Spain and Poland have condemned the recent attack on Israeli citizens by Palestinian groups
Economy
PPI of industrial sector in Qatar declines by 1.75% in January
Doha, Qatar - The Producer Price Index (PPI) of Qatar’s industrial sector declined by 1.75 percent in January 2023 when...
- The PPI for January 2023 was 129.59 points, down 4.71 percent from December 2022
- For manufacturing sector, a PPI increase of 0.08 percent was recorded in January 2023
Economy
Saving deposits in UAE banks rose to $67bn in 2022: CBUAE
Abu Dhabi, UAE - Saving deposits in the UAE banking system, excluding interbank deposits, increased to AED245.867 billion ($67 billion)...
- Rise in savings deposits represents a YoY growth of $1.08 billion or 1.7 percent, from about $66 billion in November 2021
- Demand deposits grew to $246 billion by the end of December last year, a YoY growth of 7 percent from $145 billion in 2021
Business
‘Global luxury goods market surged 21% to $1.38trn in 2022’
It is estimated that 400 million people consume luxury products worldwide and that number will reach 500 million by 2030.
- It is estimated that 400 million people consume luxury products worldwide and that number will reach 500 million by 2030
- A study recently released by IMARC Group has revealed that the UAE luxury market will reach $ 5.2 billion by 2027
Economy
UAE ministry hosts WHO’s regional expert meet on healthy diet policies
DUBAI, UAE - UAE Ministry of Health and Prevention (MoHAP) hosted a regional expert meeting on healthy diet policies in...
- The meeting aimed to discuss recent developments in healthy diet policies, with a special emphasis on the UAE and GCC countries
- Senior officials and experts from the UAE's health and related sectors, as well as representatives from the GCC states, attended the meeting
Business
DEWA’s R&D Center registers 8th patent for geographical areas survey device
DUBAI, UAE - Dubai Electricity and Water Authority's (DEWA) Research and Development Center has obtained its eighth patent for a...
- The device employs real-time kinematic processing techniques to process data collected on-site.
- It works with a smart device developed by the R&D Center, which uses a smart app to read the updated coordinates in seconds.
Business
ADNOC Drilling to buy hybrid power land rigs for $252m
The purchase is part of the company’s “rigorous decarbonisation strategy,” the company noted.
- The purchase is part of the company’s “rigorous decarbonisation strategy,” the company noted
- ADNOC Drilling owns one of the world’s largest drilling and well completion fleets
Economy
UAE passport ranked most powerful in the world
With a score of 110.50, it jumped straight from 35th place last year to the top of the list.
- With a score of 110.50, it jumped straight from 35th place last year to the top of the list
- This is mainly due to the recent changes allowing foreigners to apply for dual citizenship
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UAE backs Egypt’s Ras El Hekma megaproject, aims for $110 billion investment
Abu Dhabi, UAE - The UAE Ministry of Investment (MoI) announced today its support and key role in the advancement...
Business
Company News
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ACC holds workshop in Jordan on dangers of human trafficking
AMMAN, JORDAN - Amman Chamber of Commerce (ACC), in cooperation with Ministry of Justice and Jordan Judicial Council (JJC), organized...
Geostrategy
Iran asserts peaceful nuclear agenda amid western concerns
Tehran, Iran - Iran's nuclear program remains peaceful, said Nasser Kanani, the spokesman for the Iranian Ministry of Foreign Affairs,...
Geostrategy
UAE extradites the accused Gergely Franc to Belgium
Abu Dhabi, UAE - The UAE on Friday extradited Gergely Franc, an Albanian national, charged with premeditated murder, to Belgium....
Geostrategy
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Business
Saudi’s Maaden announces discovery of new gold reserves
Riyadh, Saudi Arabia - Saudi Arabian Mining Company (Maaden) on Thursday announced a discovery of substantial gold reserves, marking a...
- The company's exploration program has led to discovery of a gold resource potential spanning across a 100-kilometer stretch from the existing Mansourah Massarah gold mine
- As of year-end 2023, Mansourah Massarah boasted nearly seven million ounces of stated gold resources and a nameplate production capacity of 250,000 ounces annually
ADQ signs multi-year sponsorship agreement with Egypt’s Pyramids Football
Abu Dhabi, UAE – ADQ, an Abu Dhabi-based investment and holding company, on Thursday announced the signing of a multi-year sponsorship...
- Since its establishment and rebranding from Al Assiouty Sports Club in 2018, Pyramids FC has rapidly grown to become one of the high-performance football clubs
- Along with its portfolio companies, ADQ actively supports the development of key sectors of Egypt’s economy through its investments
Economy
Tunisia, Saudi Arabia sign 7 MoUs in various sectors
Tunis - Tunisia and Saudi Arabia signed seven memoranda of understanding in various fields and sectors on Wednesday afternoon The...
- The MoUs encompass various areas such as water, environmental protection, agricultural scientific research, climate and meteorology cooperation, tourism and industry
- Tunisian minister Boughdiri stressed her commitment to enhancing collaboration between the two nations, highlighting the significance of these agreements