Qatar and Egypt discuss ways to boost economic, trade ties
Doha, Qatar-- Qatar and Egypt are looking to boost trade and economic ties between the two countries, besides exploring ways...
Business
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...
UAE 15th largest FDI recipient in 2020
The emirates climbed seven places in global rankings from 2019 to 2020 The country also maintained its place as...
POSist sees growth rebounding in the Gulf in 2021
Pent-up demand may lead to vigorous recovery in Gulf travel, tourism, hospitality sectors in the second half of 2021...
Non-performing loans ratio for GCC banks up by 0.4%: KPMG report
Report provides banking industry leaders with analysis along with insights and forward-looking views Cost and operational efficiencies expected to...
Emirates Post advises customers to transact through its official app or website for payments
The reminder comes as part of its ongoing efforts to protect customers from accessing unauthorized payment gateways Emirates Post...
Dynabook Europe GmbH signs distribution deal with PC DealNet
PC DealNet to distribute B2B mobile computing products and services in UAE, Qatar, Bahrain, Oman, Kuwait, Lebanon and Jordan Formed...
Dubai to adopt WELL Health-Safety Ratings for buildings that are JOPs
DLD, through RERA, has reached an agreement on this with the International WELL Building Institute The rating system includes...
Dubai repays $500-million government bond certificates with interest
The government said the Fixed Rate Note was issued on June 22 in 2011, and reached maturity on the same...
DubaiNow app adds two more health services from DHA
The services will help people get Premarital Certificates and generating a Medical Record Number The DubaiNow app already provides users...
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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
World must add or replace 80 million km of grids by 2040: IEA
Paris, France-- Achieving all national climate and energy goals will require adding or replacing 80 million kilometres of power lines...
Economy
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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
Business
Egypt sells MENA’s first ‘sustainable panda bonds’ in US$500m issue
Cairo, Egypt--Egypt has issued the first sustainable Panda bonds in the Middle East and North Africa worth $500 million with...
- Egypt's Finance Minister Mohamed Maait said the country succeeded in having a discounted pricing for the panda bonds at 3.5% annually for three years
- He said the bond issuance is guaranteed by international banks including the Asian Infrastructure Investment Bank (AIIB) and the African Development Bank (AFDB),