China’s Guangdong province now boasts of 75,000 high-tech companies
Shenzen, China--The total number of high-tech enterprises in south China's Guangdong Province has exceeded 75,000, local authorities have said.By the...
Economy
Economy
UAE and Jordan agree to share experiences to combat corruption
Abu Dhabi, UAE-- The UAE and Jordan have resolved to draw on each other's experiences in order to combat corruption,...
- The visiting delegation called on the officials at the Audit Bureau of Jordan and the Integrity and Anti-Corruption Commission to share experiences and exchange knowledge
- Jordanian delegates were apprised of various initiatives taken by the UAE for reporting financial and administrative violations and the financial disclosure platform
Geostrategy
Qatar appoints new PM, after resignation of Sheikh Khalid
Doha, Qatar-- Qatar's Prime Minister Sheikh Khalid bin Khalifa bin Abdul Aziz Al Thani has resigned from his job, according...
- According to the state news agency, the emir has appointed Sheikh Mohammed Bin Abdul Rahman Al Thani in the post
- The outgoing PM Sheikh Khalid was appointed to the office in January 2020, after having been head of the Amiri Diwan
Business
Agility launches data center sites in Saudi, Kuwait and Egypt
Dubai, UAE--Agility Logistics Parks (ALP) today announced the launch of data center campus sites in Saudi Arabia, Kuwait, Egypt and...
- The company is preparing the sites at ALP warehousing complexes in fast-growing markets and mega-cities that are looking to add hyperscale data center capacity
- It is a market leader in industrial real estate in the Middle East, South Asia and Africa with 1.5 million SQM of warehousing and 12 million SQM of industrial land
Economy
Oman to award solar energy projects worth US$777m to investors
Muscat, Oman -Oman Power and Water Procurement Company (OPWP) is set to award solar energy projects worth $777 million to...
- Nearly 2 million solar panels will be installed in these two stations, which will be the largest solar panel project for Oman
- The projects, which will jointly produce 1,000MW of energy, are set to come up on a 15 million sq m area within the Governorate of A’Dakhiliyah
Economy
Energy sector vital to solving climate challenge: Dr Al Jaber
Emphasizing that the oil and gas industry was vital in the fight against climate change, Dr. Sultan bin Ahmed Al...
- He called for quick decarbonization, and the need for creating the energy system of the future
- The minister noted the financing gap between the world’s climate ambitions and the climate goals
Business
Presight to list on ADX
It will make an initial public offering before listing.
- The company’s solutions are deployed across three core sectors with significant potential for impact and innovative market growth
- It has entered into a cornerstone investment agreement with IHC, under which the latter has agreed to invest in the planned IPO
Economy
UAE, Oman agree to cooperate on development, environmental protection
Dubai, UAE-- The UAE and Oman have signed an agreement to enhance cooperation in order to preserve environment and encourage...
- Mariam bint Mohammed Almheiri, Minister of Climate Change and the Environment, paid a visit to Oman to enhance cooperation in fish farming and achieving net-zero targets
- Almheiri said that the UAE seeks to encourage the implementation of eco-friendly solutions to address environmental challenges
Geostrategy
King Abdullah meets Lloyd Austin, calls for calm in Palestinian Territories
Amman, Jordan--King Abdullah has stressed the need for restoring calm in the Palestinian Territories, as well as cease any unilateral...
- Jordan king called for stepping up efforts towards relaunching Palestinian-Israeli negotiations to reach just and comprehensive peace
- Discussions between the two also covered the latest regional developments, as well as efforts to reach political solutions to crises in the region
Economy
UAE positioned itself as key player in global value chain: Al Zeyoudi
Abu Dhabi, UAE-- Stating that the global reshuffling of economic gravity is providing an opportunity for the UAE, Dr. Thani...
- Al Zeyoudi said the UAE achieved a remarkable 17 percent growth in trade figures, reaching a total of $630 billion
- The minister affirmed his confidence in the UAE's ability to continue attracting investments and achieving strong trade growth in the coming year
Business
Sunreef Yachts partners with RAK Maritime City to build new facility
Ras al Khaimah, UAE-- Sunreef Yachts Middle East has signed a cooperation agreement with RAK Maritime City for the development...
- The new facility, developed on a 65,000 square metres land reserve, will incorporate the latest technologies in luxury yacht building
- The venture is part of Sunreef Yachts’ global expansion strategy designed to strengthen the company’s presence in the Middle East
Company News
Nakilat profit jumps 4.8%
Business
Latest News
Phoenix set for IPO on ADX
Business
Iran and Russia to speed up railway project along Caspian Sea
Tehran, Iran--Iran will begin construction work on joint railway projects with Russia as part of the International North-South Transport Corridor...
Geostrategy
Oman LNG signs sale-and-purchase agreement with BP to deliver gas
Muscat, Oman--Oman LNG has entered into a sale-and-purchase agreement (SPA) with BP to deliver a total of 1 million metric...
Business
ADNOC and Santos sign agreement to build joint platform for net-zero goals
Abu Dhabi, UAE--ADNOC and Santos have signed a strategic collaboration agreement (SCA) to build a joint global-carbon-management platform that could...
Business
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Business
Dubai Financial Market, Nasdaq Dubai, Shanghai Stock Exchange sign MoU
Dubai, UAE--The Dubai Financial Market (DFM), Nasdaq Dubai, and Shanghai Stock Exchange (SSE) have signed a memorandum of understanding (MoU)...
- The MoU will enhance ties between Dubai and China's capital markets, marking a significant milestone in cross-border collaboration
- The two bourses will jointly explore to develop products, introduce companies and issuers to the advantages of each market
Geostrategy
Top Iran and Russia diplomats hold talks, voice concern at ‘confrontation’ in Gaza
Moscow, Russia-- Iran and Russia have held talks over the ongoing Israel's war on the Gaza Strip, expressing "concern over...
- According to the Russian foreign ministry, the top diplomats of the two countries voiced concern over the ongoing "confrontation" in Gaza
- During the talks both the sides underscored the need for an immediate ceasefire and emergency relief aid to be rushed to the civilian population
Geostrategy
Elon Musk’s X supports US student in trouble over posts
Dubai, UAE--Elon Musk’s X has made good on its promise to back users who are being punished for statements they...
- The student, Juan David Campolargo, was found to be violating the university's student code of conduct, according to Campolargo's lawyers
- Musk voiced his support for the college student in a brief post on X, "We will do whatever it takes to support your right to free speech!"