GCC banks to maintain resilience in 2024, says S&P Global
Abu Dhabi, UAE--Despite geopolitical uncertainties and potential economic headwinds, S&P Global expects GCC banks to maintain their well-capitalised, profitable, and...
Business
UAE and UK seek to boost economic cooperation
Abu Dhabi, UAE-- Looking to enhance economic ties between the UAE and the United Kingdom, Abdulla bin Touq Al Marri,...
Business
Sheraton appoints a celebrity chef for its property in Amman
The Portuguese native has built his career through assignments at various international restaurants and hotels across the world The...
Saudi Arabia economy ‘robust,’ says French delegation
Delegation representing MEDEF International is on a three-day visit to the kingdom French startups and SMEs specializing in high-value...
Saudi Arabia to use cooking oil to fuel transport in Red Sea Project
It has teamed up with the region's largest biofuel producer to help fuel the site's transportation network This is...
GISEC 2021 Update: Experts discuss hacker threats to working from home
Disabling of firewalls, reuse of passwords, installation of over-simple passwords biggest mistakes when working from home Companies need to...
$50-billion global plan mooted to deal with pandemic, drive recovery
$50 billion needed to enhance manufacturing capacity, supply, trade flows, and delivery Governments urged to act or risk continued...
Expats leave Oman in droves as country struggles to contain unemployment
Some 200,000 expats leave Oman as country wrestles with rising unemployment The Coronavirus pandemic and low oil prices last year...
Kalaam Telecom acquires Kuwaiti ISP leader Zajil Telecom
The combined entity will turn it into a $100m technology solutions company Kalaam will be among the top three...
Iraq’s oil revenue rises to $6 billion in May
Iraq got a boost from high oil prices as it made some $6 billion in oil revenues. The country...
Abu-Ghazaleh enters the global market in 3 continents
TAGITOP-UNI C, an educational device, is manufactured in China The device comes with an Intel N4100 - 4M processor...
UN nuclear watchdog ‘concerned’ over undeclared Iran sites
The UN nuclear watchdog also claimed its enriched uranium stockpile was 16 times over the limit These are the first...
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GCC banks to maintain resilience in 2024, says S&P Global
Abu Dhabi, UAE--Despite geopolitical uncertainties and potential economic headwinds, S&P Global expects GCC banks to maintain their well-capitalised, profitable, and...
Business
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Meeza to list on QSE
Business
UAE and Brazil discuss boosting trade, energy, strategic ties
Brasilia, Brazil-- The UAE and Brazil have explored opportunities to develop cooperation in trade, energy and climate issues in a...
Geostrategy
Jordan takes measures to cut effect of global crises on food security
Amman, Jordan-- Jordan has taken measures to hedge against the impact of international crises on food security and lower its...
Economy
Adnoc and Occidental sign deal
They will conduct a study to build a direct air-capture facility.
Business
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Business
Adnoc Gas awards contract
Nearly US$615m will be paid to build carbon-capture units.
- Adnoc Gas said the large-scale project reaffirms its steadfast commitment to maximising energy output while minimising emissions
- The project expected to be started in 2026 will inject CO2 for permanent storage in ADNOC Onshore's Bab Far North Field
Economy
UAE to generate 19.8 gigawatts of clean energy by 2030: Al Mazrouei
Abu Dhabi, UAE-- The UAE will produce 19.8 gigawatts of clean energy by 2030, Suhail bin Mohamed Al Mazrouei, Minister...
- The minister informed the audience at ADIPEC 2023 that the UAE intends to work towards producing 1.4 million metric tonnes of low-carbon hydrogen per annum by 2031
- He told a global audience of energy leaders at the opening of the event in Abu Dhabi that an International collaboration is crucial to addressing energy challenges
Business
Abu Dhabi Oil Company to hike investment in UAE oil sector
Abu Dhabi, UAE--Abu Dhabi Oil Company (ADOC) is planning more investments and expansions in the UAE, according to a senior...
- Talking to the media at ADIPEC 2023, Shingai said the company was planning to expand production facilities and increasing extraction rates
- He noted that ADOC played a key role in advancing ties between the UAE and Japan through its investment projects in the UAE oil sector