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...
Economy
Saudi holdings of US Treasuries surge to $131.9b in December 2023
ABU DHABI, UAE - Saudi Arabia’s holdings of US Treasuries reached US$131.9 billion in December 2023, up $3.8 billion month-on-month,...
Economy
Business
Hong Kong looks to encourage Aramco to list in city
Hong Kong-- Hong Kong is looking to persuade oil giant Aramco and its units to consider a secondary listing in...
- Hong Kong Chief Executive John Lee is embarking on his first official visit to the Middle East
- The chief executive said before leaving that Saudi Arabia’s and the UAE’s development vision and needs are “exactly in line” with Hong Kong’s advantages
Geostrategy
UAE-Oman military exercise ‘Cooperation-3″ gets underway
Abu Dhabi, UAE--A joint Oman-UAE military exercise codenamed “Cooperation-3” began in Oman on Monday. The 11-day drill, which concludes on...
- The joint military training exercise, titled, “Cooperation 3,” began in Oman, as part of the cooperation, coordination and exchange of expertise
- The exercise, which will end on 16th February, 2023, is being held under the framework of joint Gulf Cooperation Council (GCC) action and aims to improve the military capacities
Business
GMG buys out Aswaaq LLC
It will add 22 supermarkets to GMG's retail network in the UAE.
- Last April, GMG acquired Géant operations in the UAE from Urban Foods by Dubai Holding, adding 18 hypermarket and supermarket outlets to its retail footprint
- The company has introduced over 120 brands and has announced plans to double its global workforce by 2025
Science
Environment Agency – Abu Dhabi issues marine water quality policy
ABU DHABI, UAE - The Environment Agency - Abu Dhabi (EAD) has issued a policy on sustaining marine water quality...
- The policy is part of EAD's efforts to maintain and sustain Abu Dhabi's marine waters and limit practices that can cause marine pollution.
- The policy aims to develop relevant legislative and regulatory frameworks and halt discharges that may have adverse impacts on the marine environment
Business
Burjeel signs MoU with Leejam
The two will run wellness centres in Saudi Arabia.
- The two will operate a network of more than 60 physiotherapy, rehabilitation and wellness centres in Leejam clubs across the kingdom
- The joint venture is supported by the Saudi ministry of sport, as it continues to promote initiatives aimed at improving and developing the sports environment in the kingdom
Geostrategy
Qatar pledges to support Afghan people in search for rights
Kabul, Afghanistan-- Qatar has renewed its pledge to Afghanistan to help the war-ravaged country in fields of education, development, politics,...
- The visiting dignitary met with Minister of Foreign Affairs Amir Khan Muttaqi, Minister of Interior Sirajuddin Haqqani, Minister of Education Habibullah Agha
- The envoy reiterated Qatar's position supporting all segments of the Afghan people to obtain all their rights, particularly the right to education, especially for girls
Business
Qatar receives more than 600,000 visitors in December
Doha, Qatar-- Qatar has received more than 614,000 visitors during the month of December 2022, a monthly increase of 3.7...
- The highest number of visitors were from the Gulf Cooperation Council at 40 percent
- The total deposits and credit facilities of commercial banks rose at a monthly rate of 4.3 percent and 2.7 percent
Business
Jordanians look to replace gas-guzzling cars with electric versions
Amman, Jordan--Jordanians are increasingly adopting electric cars in a push towards abandoning the fuel-guzzling cars that have become so hard...
- Head of the Jordan Free Zones Investors Association, Mohammad Bastanji, said that the local market is witnessing a growing demand for electric vehicles
- President of the National Society for Consumer Protection Mohammad Obeidat stressed the importance of "keeping up with the times" and owning an eco-friendly electric car
Science
DEWA begins receiving research papers for MENA Solar Conference
Dubai, UAE--Dubai Electricity and Water Authority (DEWA) has started receiving requests from researchers and scientists to submit their research papers...
- Saeed Mohammed Al Tayer, MD and CEO of DEWA, said that the conference is the first scientific and technical conference of its kind in the region
- He said the conference will be held in conjunction with the Water, Energy, Technology, and Environment Exhibition (WETEX) and the Dubai Solar Show (DSS) 2023
Economy
Dubai Marathon to be held on February 12 at Expo City
Dubai, UAE-- The 2023 edition of Dubai Marathon will be held at Expo City Dubai on 12th February, 2023, according...
- The committee organizing the event said the city was chosen as the venue of the marathon because it represents Dubai’s vision of serving as a bridge between cultures
- It will bring together elite athletes from around the world after a break of two years due to the pandemic
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...
Economy
Company News
Endava to widen UAE operations
Business
Masdar City, ADAFZ sign MoU
Business
Latest News
Adnoc and Occidental sign deal
Business
Adnoc Gas awards contract
Business
Dubai Airports expect to cross pre-pandemic passenger numbers in 2023
Dubai, UAE--Dubai Airports is expecting annual passenger traffic at Dubai International (DXB) to touch 86.8 million – surpassing 2019 traffic,...
Business
Iran to link up electricity grid with Russia via Azerbaijan
Tehran, Iran-- Iran is linking up its electricity grids with Russia via Azerbaijan in order to make up for its...
Business
Most Read
Economy
UAE non-oil activities to continue to see robust growth in 2024: OPEC
Vienna, Austria--The UAE's non-oil economic activities continued to see robust performance and are expected to extend healthy development into 2024,...
- Its monthly report for November noted that it anticipates the upward trend in non-oil activities to continue supporting further growth for the next year
- The report said the country's tourism sector, accounting for nearly 16% of its GDP, showed strong growth, with 8.5 million visitors coming to the UAE, a 19% jump
Business
Jet fuel sales to reach over billion gallons by end of 2023: ENOC
Dubai, UAE--ENOC Group will reach more than one billion gallons of jet fuel sales at the end of this year...
- The company in line with its long-term strategy intends to supply Sustainable Aviation Fuel (SAF) to Dubai Airports in 2024
- The company plans to enhance sales volume globally, apart from seeking potential acquisitions, partnerships, and greenfield projects
Economy
Egypt annual core inflation falls 1.6 percent in October
Dubai, UAE--Egypt's annual core inflation rate decelerated by 1.6 percent in October, recording 38.1 percent, down from 39.7 percent in...
- According to the country's central bank, the annual headline urban consumer inflation rate reached 35.8% in October, down from 38% in September
- Last week, the government also announced increases in petrol prices of up to 14.3% amid higher global prices and a weakened exchange rate