WSG has ushered in a new decade of positive impact: Hamid Al Zaabi
Dubai, UAE-- The World Governments Summit (WGS) has ushered in a new decade of positive impact, inspiring governments and societies...
Business
UAE residents plead for lifestyle changes to save planet
Dubai, UAE-- As many as 81% of people in the UAE say that they owe it to future generations to...
Economy
Economy
China’s foreign exchange reserves swell to US$3.127trn
Beijing, China--China's foreign exchange reserves rose to US$3.1277 trillion at the end of December 2022, up 0.33 percent from a...
- The foreign exchange regulator attributed the increase in foreign exchange reserves to the combined impact of currency translation and asset price changes
- Beijing will adopt industry, region and enterprise-specific measures to secure the sound development of key industries and boost coordinated regional development
Economy
Egypt posts 10% jump in exports to US$3.32bn
Cairo, Egypt--The Engineering Export Council (EEC) of Egypt has announced that the sector’s exports increased by 10% to $3.32bn from...
- Exports of the electrical and electronic sectors climbed by 2%, while exports of transportation equipment increased by 14%, metal forming saw an impressive gain of 96%
- Egypt’s economy was hit hard after Russia’s invasion of Ukraine last February unsettled global investors and led them to pull billions out of the North African country
Geostrategy
UAE dispatches generators in aid to power-starved Ukraine
Abu Dhabi, UAE- The UAE has dispatched a second consignment of household generators for the Ukrainian civilians affected by the...
- The UAE announced in December that it's sending 2,500 household generators to civilians affected by the ongoing crisis in Ukraine that has disrupted energy infrastructure
- The support comes within the $100 million humanitarian relief aid allocated by the UAE to the civilians affected by the crisis in Ukraine
Business
Market cap of Arab bourses hits US$4trn at end of 2022
Abu Dhabi, UAE--The market cap of Arab stock exchanges has vaulted to $4 trillion by the end of 2022, according...
- The AMF said the market value of the Saudi Stock Exchange was $2.63 trillion and that of the Qatar Stock Exchange was $167.09 billion
- The market cap of the Boursa Kuwait was $152.7 billion and that of the Muscat Stock Exchange was $61.6 billion
Business
NBF introduces ‘CVVkey’
It will shield customers from fraud and online threats.
- CVVkey will be a key element in NBF's efforts to improve cybersecurity across its operations and protect its customers from fraud and other online threats
- Every few hours, the CVVkey app provides a unique 3-digit dynamic security code for each card enrolled in the service
Economy
Businesses in Qatar post growth in December due to World Cup
Doha, Qatar-- Business activity in Qatar has accelerated in December as the FIFA World Cup went on through the month.The...
- Wholesale, retail, and service providers in particular registered rapid expansions in activity
- The Qatar Financial Centre PMI is compiled by S&P Global from responses to questionnaires sent to purchasing managers in a panel of around 450 private sector companies
Geostrategy
UAE President and Jordan’s King discuss ties in Abu Dhabi
The UAE President Sheikh Mohamed bin Zayed has met with Jordan's King Abdullah II in Abu Dhabi and discussed "fraternal...
- Ayman Al Safadi, Deputy Prime Minister and Minister of Foreign Affairs and Expatriates of the Hashemite Kingdom of Jordan was also present
- Upon his arrival, the king was welcomed by the president and a number of Sheikhs
Geostrategy
Pakistan expects a boost in trade with UAE in 2023
Abu Dhabi, UAE--The bilateral trade between Pakistan and the United Arab Emirates is expected to double from the US$10.6 billion,...
- The ambassador said the UAE is the biggest trading partner of Pakistan in the MENA region and that CEPA would provide an opportunity for the two countries to increase trade
- More than a million Pakistanis residing in the UAE sent $6.11 billion in remittances during 2020-21
Science
Qatar recycles 80% of waste collected during World Cup
Doha, Qatar-- Qatar has recycled some 80 percent of waste collected from stadiums during the FIFA World Cup games.According to...
- Nearly 54 percent of the waste has been converted into compost, 22 percent into plastic, 14 percent into paper and cardboard, and 8 percent into glass
- She said the climate change issues and the optimal utilization of natural resources are among the top priorities of the Sustainability Department at the SC
Business
Expo Centre Sharjah all set for SteelFab2023
SHARJAH, UAE - Expo Centre Sharjah (ECS) has announced the completion of all preparations for the 18th edition of the...
- The event is being organized by Expo Centre Sharjah with the support of the Sharjah Chamber of Commerce and Industry.
- Two hundred exhibitors have confirmed their participation representing elite local and international players in the metalworks industry.
WSG has ushered in a new decade of positive impact: Hamid Al Zaabi
Dubai, UAE-- The World Governments Summit (WGS) has ushered in a new decade of positive impact, inspiring governments and societies...
Business
Company News
Latest News
Jordan and Lebanon call for international initiative to stop war on Gaza
Amman, Jordan-- Jordan and Lebanon have called for the speeding up of international efforts to stop the war on Gaza...
Geostrategy
Sharjah looks to boost economic, investment ties with Uganda and Kenya
Sharjah, UAE-- The emirate of Sharjah is seeking to boost economic and investment cooperation with Uganda and Kenya.In this connection,...
Business
Global assets in spot bitcoin ETFs hit US$4.16 billion
Dubai, UAE--Global assets invested in exchange-traded funds (ETFs) tied to the spot price of bitcoin now total US$4.16 billion, showed...
Business
Most Read
Business
PureHealth partners with Dell to use AI in disease detection, data analysis
Abu Dhabi, UAE--PureHealth has joined hands with Dell Technologies to utilise generative artificial intelligence (AI) across healthcare services including in...
- The cooperation will take advantage of the collective resources and technologies of both companies to improve health outcomes by ensuring access to medical solutions
- The global AI healthcare market was valued at $11 billion in 2021 and is projected to expand to have a market size of $187 billion market size by 2030
Geostrategy
Israel Foreign Ministry denies relations with Bahrain cut off
Dubai, UAE-- A day after Bahrain's parliament announced that its ambassador to Israel is being recalled, the Jewish state said...
- Israel has not received any “announcement or decision from the Bahraini government, according to its Foreign Ministry
- Bahrain said on Thursday that the Israeli ambassador had left Bahrain, while its ambassador has been recalled from Israel
Economy
ADIB publishes ‘sustainable finance framework’ establishing criteria for borrowing
Abu Dhabi, UAE--Abu Dhabi Islamic Bank (ADIB) has published "Sustainable Finance Framework" establishing criteria and eligibility requirements that determine which...
- The bank's framework will determine the eligibility of projects for it to finance or refinance, including the issuance of green, social and sustainability sukuks.
- ADIB will give priority to projects with environmental benefits across renewable energy, energy efficiency, green buildings, pollution prevention and control