UAE economy posts best growth rates in comparison to others: IMF official
Dubai, UAE-- The UAE's economy has recorded the best growth rates in comparison to other economies in the region, according...
Economy
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...
- 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.
Economy
Iraq PM affirms support for agriculture, industry, tourism and trade
Baghdad, Iraq--The Iraqi Prime Minister Mohammed S. Al Sudani has stressed the need for economic reform and supporting the sectors...
- The PM said during his visit today to the Ministry of Industry and Minerals, that economic reform is a prelude to social reform
- He directed the auditing of industrial development permits and sponsoring small and medium enterprises, due to their role in forming major projects
Economy
FMT upholds DFSA decision to slap Arif Naqvi with US$135.56m fine
Almost a year after the Dubai Financial Services Authority (DFSA) imposed a heavy penalty on Arif Naqvi, the founder of...
- DFSA had held Naqvi responsible for a series of actions during his time as chief of Abraaj, including using investor funds as working capital requirements
- The FMT came into play after Naqvi referred the DFSA verdict to the tribunal
Business
Agthia appoints new CFO
Sherif Elfaham stepped into the new role on January 1, 2023.
- At Unilever, Sherif held various key senior roles in financial planning and analysis, supply chain optimisation, marketing transformation, and business unit regeneration
- He holds a master’s degree in financial strategy from Oxford University and is a Certified Management Accountant (CMA)
Economy
UAE and Azerbaijan pledge to enhance ties ‘across all fields’
Abu Dhabi, UAE-- The UAE and Azerbaijan have reviewed bilateral relations between the two countries and pledged to deepen ties...
- The two top diplomats reviewed prospects for cooperation between the two countries in a number of sectors
- Bayramov stressed the depth of the UAE-Azerbaijan relations and his country's aspiration to enhance and develop joint cooperation with the UAE at all levels
Economy
Qatar Financial Centre manages assets worth US$28.3bn: CEO
Doha, Qatar-- Qatar Financial Centre (QFC) is managing assets worth $28.3 billion and has more than 1,500 local and global...
- Al Jaida said that QFC has accelerated the growth of its works in alignment with the evolution of the Qatari economy which became diverse and dynamic
- He noted Qatar's efforts are currently focused on building a sustainable, modern and responsive economic system that contributes to enhancing economic diversification
Geostrategy
Arab world welcomes UN vote on Israeli occupation
From Arab League to Organization of Islamic Cooperation (OIC), most of the Arab world has expressed support for UN's vote...
- The secretariat general of the Organization of Islamic Cooperation welcomed the resolutions issued by the UN general assembly
- The Hague-based ICJ, also known as the World Court, is the top UN court dealing with disputes between states
Economy
Egypt pushes for bigger private sector role in economy
Cairo, Egypt--Egypt’s President Abdel Fattah El-Sisi on Thursday approved a document outlining 62 economic activities the state will withdraw from...
- The document’s approval was required by the International Monetary Fund, which this month approved a 46-month, $3 billion financial support package for Egypt
- The policy aims to give the private sector a greater role in helping to grow the economy, create jobs and increase investment and exports
Company News
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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...
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
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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