Arab countries public expenditure climbs to US$957.5bn in 2022: AMF
Abu Dhabi, UAE--The total public expenditure of Arab countries combined jumped by 9.8% to $957.5 billion in 2022, compared to...
Economy
Dubai Health Authority introduces online health inspections
63 facilities inspected online in 21 hours against 84 hours normal inspections would have taken Online inspections also spared officials...
Korea Pavilion appoints K-pop band Stray Kids as ambassador at Expo 2020 Dubai
Stray Kids is one of the more popular K-pop bands, with 34 million social-network followers globally It recently won the...
DP World opens new container terminal at Berbera Port in Somaliland
This follows completion of the first phase of the port expansion project, which DP World has undertaken with an outlay...
Batelco revamps 5G packages for entrepreneurs, SMEs
The move is expected to enable entrepreneurs, SMES, and large corporations to experience the fastest and largest 5G network in...
Arkan Board approves $1.11b deal to acquire Emirates Steel Industries
The deal is valued at AED4.07 billion ($1.11 billion), as it will give Arkan 5.1 billion ordinary shares at a...
Compensation deal reached over Suez Canal ship
The blockage that lasted a week had disrupted global shipping Details of the deal have not yet been disclosed ...
Middle East’s oil export to India falls
In March, India had directed refiners to diversify crude supplies after the OPEC ignored New Delhi's call to ease supply...
Saudi Arabia awarded G5 status by ITU
The kingdom achieves the G5 regulator classification two years ahead of the targeted date of 2023 ITU’s G5 classification...
UAE forms Center for Genomic Discovery
Center represents a major stride for the UAE in becoming a global hub for healthcare research The Center has...
Dubai’s Hilshaw Group to help Ukraine mitigate climate change fallout
Hilshaw Group will conduct an impact study as the first phase of the process to understand and counter the effects...
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Arab countries public expenditure climbs to US$957.5bn in 2022: AMF
Abu Dhabi, UAE--The total public expenditure of Arab countries combined jumped by 9.8% to $957.5 billion in 2022, compared to...
Economy
Company News
Meeza, QNBFS sign agreement
Business
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Bahrain EDB attracts $295m in IT sector as part of total investments worth $1.4bn
Manama, Bahrain--Bahrain Economic Development Board (Bahrain EDB) has attracted $295 million in direct investments within the Information and Communications Technology...
Business
G42 and OpenAI partner to provide UAE with AI solutions
Dubai, UAE-- G42 has announced a partnership with OpenAI to deliver cutting-edge AI solutions to the UAE and regional markets....
Business
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Business
Masdar City and Huawei sign MoU to power UAE’s transition to net zero
Dubai, UAE--Masdar City and Huawei have signed a memorandum of understanding (MoU) to enable the UAE to power its way...
- The agreement will enable capacity-building in net-zero development, help reduce the carbon footprint of Masdar City’s information and communications technology infrastructure
- The net zero framework will encourage organisations to reduce the energy demand of information and communications technology systems and operations while switching to clean energy
Business
Moro Hub and DDA sign MoU to safeguard Dubai’s information assets
Dubai, UAE--Moro Hub, the digital arm of DEWA, has signed a memorandum of understanding (MoU) with Digital Dubai Authority (DDA)...
- According to the terms of the agreement, Moro Hub will extend its cyber security services to safeguard Dubai's government entities' information assets and systems
- The collaboration between Moro Hub and DDA will play a pivotal role in ensuring that Dubai remains at the forefront of secure and sustainable smart city initiatives
Business
Gulf Navigation posts profit
Its net profit rose to US$9.53m in the first nine months of 2023.
- The Dubai-based company in a statement said that operating revenue for the nine-month reached $23 million
- The company CEO said that the management was focusing on achieving sustainable returns for their shareholders