Saudi Arabia aims to build ties with Canada in scientific and research fields
Riyadh, Saudi Arabia-- Saudi Arabia is exploring investment opportunities in education and aiming to attract investments to the kingdom from...
Business
Economy
UAE, Saudi, Bahrain up rates after Fed’s hike; Qatar keeps status quo
Hours after the US Federal Reserve upped its target interest rate by a quarter of a percentage point, many central...
- The UAE central bank has decided to raise the base rate applicable to the Overnight Deposit Facility (ODF) by 25 basis points
- The US central bank said in a statement that Inflation has eased somewhat but remains elevated
Geostrategy
King Abdullah of Jordan and US President Joe Biden to hold talks
Washington, US-- Jordan’s King Abdullah and US President Joe Biden will hold talks at the White House on Thursday, as...
- Talks between the two leaders will cover means to bolster the strategic partnership between Jordan and the United States through expanding cooperation across various sectors
- The king is in Washington and met with US House of Representatives Speaker Kevin McCarthy at the Capitol earlier on Tuesday
Business
Dubai sees entry of 10,500 wooden dhows in 2002, boosting trade
Dubai, UAE--The Marine Agency for Wooden Dhows has facilitated the entry of more than 10,500 wooden dhows during 2022, reflecting...
- The wooden dhows ferried 1.7 million metric tonnes of merchandise from countries across the MENA region and beyond
- The Marine Agency is aiming to boost trade with neighbouring countries further and contribute to the objectives of the Dubai Economic Agenda D33
Business
Agthia posts 14% profit jump
The company reported a profit of $67.25m for the last fiscal.
- Its net revenue increased 33 percent to $1.09 billion, with growth of 97 percent on a two-year basis
- The company's total assets stood at $1.85 billion by end-2022, with total shareholders’ equity of $762 million
Science
UAE to showcase advance in organ transplant at Arab Health 2023
Dubai, UAE--The Ministry of Health and Prevention (MoHAP), the Department of Health-Abu Dhabi (DoH) and the Dubai Health Authority (DHA),...
- The UAE health authorities will take part in the 48th edition of the exhibition under a unified national platform called "Emirates Health
- The National Program was designed to support the country's goal of becoming a regional and global leader in organ and tissue transplantation
Business
Muscat Stock Exchange joins Tabadul network of ADX and BHB
Abu Dhabi, UAE--The Abu Dhabi Securities Exchange (ADX) and Bahrain Bourse (BHB) announced today that Muscat Stock Exchange (MSX) has...
- Now MSX’s listed securities, along with those of ADX and BHB, are available for digital trading
- Last Year ADX and MSX signed a Memorandum of Understanding (MoU) strengthening bilateral collaboration in areas related to exchange of expertise, information, and advisory services
Business
Dubai International Financial Centre launches ‘metaverse platform’
Dubai, UAE--Dubai International Financial Centre (DIFC) unveiled the “DIFC Metaverse Platform” to attract technology innovators from around the world. The...
- It is part of a strategy being developed by Dubai International Financial Centr to accelerate Dubai’s status as a global metaverse leader
- The platform is commensurate with the Dubai Metaverse Strategy, which aims to add US$4 billion to Dubai's GDP, support 40,000 virtual jobs by 2030 and attract 1,000 companies
Economy
More than 2,000 contestants to take part in Spinneys Dubai 92 Cycle Challenge
Dubai, UAE-- Over 2,000 cyclists from the UAE and overseas are expected to participate in the 13th edition of the...
- The cycling event will be organized on 19th February 2023 with the support of the Dubai Sports Council and the UAE Cycling Federation
- The Spinneys Dubai 92 Cycling Challenge comprises an outrider race for amateurs with a short distance of 40 km
Economy
European Union provides US$70m in financing to Jordan
Amman, Jordan-- The European Union (EU) has signed two agreements with Jordan to provide it with a $70 million in...
- Jordan's Minister of Planning Zeina Toukan said these grants come at an important time to support the development and reform efforts in Jordan
- The EU’s "Food and Resilience Facility" aims to support specific interventions designed according to the domestic context and needs
Economy
UAE unveils ‘Emirates Health’ at medical conference in Dubai
Dubai, UAE--The UAE has launched several innovative health projects in the 48th edition of Arab Health 2023, which began today...
- The three entities have jointly developed projects on display as part of a unique national initiative to provide curative and digital health services
- During the four-day event at the Dubai World Trade Centre, the Emirates Health Platform will witness the launch of an innovative health services package
Company News
Adnoc and Occidental sign deal
Business
Adnoc Gas awards contract
Business
Latest News
Google warns against downloading its AI model from external sources
Washington, US--Google has warned users against trying to obtain its Cold generative artificial intelligence (AI) model from external sources currently...
Business
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,...
Economy
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...
Business
Most Read
Economy
GCC keen to strengthen economic cooperation with Turkey: Albudaiwi
Istanbul, Turkey-- The Gulf Cooperation Council (GCC) is keen to enhance economic cooperation with Turkey, according to its Secretary General...
- Albudaiwi said the GCC Ministerial Council has restarted the strategic dialogue with Turkey and adopted the Joint-Action Plan 2023-2027
- He made the remarks at the GCC-Turkish Economic Forum in Istanbul with top officials and business owners from both sides in attendance
Geostrategy
Turkey halts joint-energy projects with Israel over Gaza war
Dubai, UAE-- Turkey has suspended joint-energy projects with Israel over the latter's invasion and bombardment of the Gaza Strip, according...
- The Turkish energy minister said that it would be "inappropriate" to talk about the implementation of projects with Israel under such conditions
- Israel has blocked access to water, food, and electricity in Gaza, plunging the coastal area into a humanitarian crisis as the death toll crosses 11,000
Economy
Saudi Arabia boosts ‘investment relations’ with African countries
Riyadh, Saudi Arabia-- Saudi Arabia's Ministry of Investment has held a number of roundtable meetings with several African countries on...
- Saudi Arabia signed a memorandum of understanding with Mauritania to encourage investment flows between the two countries
- The kingdom also took steps to enhance economic ties with Chad and Somalia, enabling the private sector to benefit from opportunities