China steps up green transition drive to meet carbon-emission goals
Beijing, China--China is moving away from traditionally energy-intensive industrial sectors toward green development across key sectors, in efforts to fulfill...
Economy
Business
Serco unveils Saudi space unit
Saudi Arabia aims to gain a leadership role in space.
- Serco will look to hire in Saudi Arabia, offering training and career development programs, besides building capacity
- Amar Vora, according to the company press release, has been appointed to lead the space team in the kingdom
Business
Fraudsters prowl digital world, robbing unwary people in Middle East
Dubai, UAE-- Making payments digitally for every purchase may have become a universal thing, but it is not always the...
- According to the survey, the majority of users (92%) lost up to $1,000 as a result of these incidents, while (8%)of the respondents reported a loss of more than $1,000
- In the Middle East alone, the company blocked more than 1.8 million financial threats and out of them 256,708 in the United Arab Emirates
Economy
QFFD, EAA sign pacts to back education drive in Asia, Africa
Doha, Qatar-- In order to ensure education for children in the least developed countries of Asia and Africa, Qatar Fund...
- The agreements will ensure quality education for more than 709,060 out-of-school primary children between now and March 2027 through EAA's "Educate A Child" program
- The funding will enable access, enrollment, and learning skills, including teacher training, capacity buildings, refining educational techniques and methods
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
Company News
Gulf Navigation posts profit
Business
Latest News
Nakilat profit jumps 4.8%
Business
Masdar and Emirates Steel Arkan partner to build green project to cut emissions
Abu Dhabi, UAE--Abu Dhabi Future Energy Company (Masdar) has signed an agreement with Emirates Steel Arkan to develop a pioneering...
Business
Dubai International Chamber wins over 92 businesses in first 9 months of 2023
Dubai, UAE--Dubai International Chamber has attracted a total of 92 businesses, including 15 multinational companies and 77 SMEs, to the...
Business
Oil prices stall ahead of U.S. stocks data, potential OPEC+ cuts
Texas, US--Oil prices hardly moved during Asian trade on Wednesday as the market awaited potentially mixed news on the supply...
Economy
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Business
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...
- The new agreement comes on the back of many SPAs signed between the two companies in the recent past to supply energy from Oman
- Oman LNG said the company is not just a reliable gas supplier but it contributes to global energy security and adds value to the local economy
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...
- The agreement will allow companies to advance critical carbon capture and storage (CCS) technologies required to speed up the decarbonisation
- They will look to ramp up the carbon management technologies of the future in order to safely transport, capture and store carbon, helping markets to decarbonise
Economy
UAE a key player in global financial landscape: NYSE vice-chairman
Abu Dhabi, UAE--The UAE has solidified its stature as a key player in the global financial landscape, through launching economic...
- He believes the UAE’s financial markets have significant potential and flexibility, combined with its continuous commitment to innovation and development
- He said the UAE's commitment to developing its financial infrastructure and attracting foreign investments makes it a significant market in the MENA region