Saudi Arabia partners with World Bank to launch global knowledge hub in RiyadhÂ
According to World Bank Group President Ajay Banga, “The new Knowledge Hub being created by the World Bank Group and...
Business
Geostrategy
Sharjah Chamber to send India bound trade group on 29 May
SHARJAH, UAE - The Sharjah Chamber of Commerce and Industry (SCCI) announced it will be sending a trade mission to...
- The initiative aims to bolster economic and trade cooperation, foster mutual investment, and establish promising partnerships between Sharjah and India.
- The upcoming trade mission is expected to support the chamber's strategic goals of driving foreign expansion and exploring new markets.
Business
Abu Dhabi launches program for sustainable beekeeping, honey production
ABU DHABI, UAE -Â The Abu Dhabi Agriculture and Food Safety Authority (ADAFSA) has launched an ambitious program to develop...
- The program is based on scientific studies and research to develop the best methods and practices suitable for the UAE environment.
- A vital aspect of the program is the breeding of queen bees capable of adapting to the country's unique environment and climate.
Business
IFZA, Zoho ink deal to enhance digital use in tax returns
DUBAI, UAE- IFZA Dubai signed an agreement with Zoho to provide the members of the IFZA Free Zone community with...
- Zoho One is a cloud-based platform that enables businesses to perform all their functions on a single interface, accessible from anywhere.
- It is a part of IFZA’s commitment to support its Free Zone community in their compliance to the upcoming implementation of the Corporate Tax.
Business
Dubai aviation authority inks deals on use of Web Service technology
Dubai, UAE - The Dubai Civil Aviation Authority (DCAA) signed two deals with Dubai Aviation City Corporation (DACC) and Dubai...
- These agreements aim to foster enhanced cooperation and integrated link using ‘Web Service’ technology.
- The deal outlined establishing an integrated system for paperless governmental operations in Dubai.
Business
Dubai Supreme Council reviews progress in clean energy projects
DUBAI, UAE - Chairman of the Dubai Supreme Council of Energy Sheikh Ahmed bin Saeed Al Maktoum chaired the 76th...
- The meeting discussed the progress of the Hatta hydroelectric power plant, which DEWA is building and is 70 percent complete.
- The meeting also discussed the operation of the region’s first green hydrogen production facility to support diversifying energy sources.
Business
KEZAD partners with SWS to build polished water plant
By filtering and treating the Treated Sewerage Effluent (TSE), it will remove additional impurities and contaminants, generating non-potable water suitable...
- The water plant is likely to offer industries easy access to premium recycled water, and lower dependency on potable water.
- The plant will help in bringing down the carbon footprint of industries, and enhance environmental consciousness.
Business
Three new beaches for night swimming open in Dubai
Dubai, UAE - Dubai has given a boost to its beach tourism by opening three new beaches for night swimming...
- The 800-metre-long night-swimming beaches feature lighting systems, which enable residents and tourists to swim around the clock.
- The emirate’s wide diversity of beaches provide people the opportunity to enjoy vibrant seaside dining and diverse activities, WAM reported.
Geostrategy
Syria extends humanitarian aid access via two border crossings: UN
Following international pressure, Damascus agreed to let the UN use the Bab al-Salama and Al-Rai crossings, operated by Turkish-backed rebels,...
- Syrians affected by the February 6 earthquake that killed more than 55,000 people in Syria and Turkey have been relying on two border crossings for vital humanitarian deliveries
- The United Nations estimated earlier this week that Syria needs almost $15 billion to recover from the quake, and it put the total cost of damage and losses at almost $9 billion
Business
EDB review ways to boost SMEs financial inclusion at 2-day event
ABU DHABI, UAE - Emirates Development Bank (EDB) displayed its flexible and customized financing solutions in the Annual Investment Meeting,...
- The Bank offers financing solutions with flexible terms for industrial companies and projects with high developmental impact.
- Financing options include capex financing, advanced technology adoption financing, renewable and energy efficiency financing.
Business
Oman, UAE to boost rail logistics with new Vale deal
ABU DHABI, UAE- Oman and Etihad Rail Company signed an agreement with Vale, one of the world’s largest mining companies,...
- The deal says both parties will work to develop integrated logistics solutions that connect Vale’s industrial complex in Sohar Port and Freezone.
- Ahmed Al Musawa Al Hashemi, CEO of the Oman and Etihad Rail Company, and Rogerio Nogueira, official at Vale signed the deal.
Company News
Empower okays S115.7m dividend
Business
Mubadala invests in Avanse
Business
Latest News
Saudi Arabia calls for ‘real commitment’ towards a Palestinian state
Riyadh, Saudi Arabia --Â Saudi Arabia has called for a "real commitment to a two-state solution that is a credible, irreversible...
Geostrategy
UAE’s Islamic finance sector grows by 8 percent in 2023: S&P
Abu Dhabi, UAE -- The total assets of the global Islamic finance sector continue on a path of rapid growth,...
Business
Europe reverses course on interest rates, diverging from U.S. Fed policies
For much of the past two years, policymakers on both sides of the Atlantic raised interest rates aggressively to fight...
Economy
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Business
Qatar reveals program, speakers for Autonomous e-Mobility Forum
Doha, Qatar – The Autonomous e-Mobility (AEMOB) Forum, a groundbreaking initiative in the realm of sustainable transportation, announced its final...
- The event is slated to take place from April 30 to May 2, 2024, at the Qatar National Convention Centre (QNCC) in Doha.
- It has attracted significant sponsorship from over 20 prominent organizations. Notable sponsors include Mowasalat Company (Karwa).
Business
Dubai Chamber attracts MNCs valued at $82.84bn in 2023
Dubai, UAE -- Dubai Chamber of Digital Economy, one of the three chambers operating under the umbrella of Dubai Chambers,...
- Initiatives like 'Create Apps in Dubai' triple app developers, fostering innovation and entrepreneurship in the emirate.
- Through workshops and roadshows, Dubai Chamber engages globally, attracting digital companies to the emirate's burgeoning tech landscape.
Business
Alkhorayef Water awarded $458m contract
The operation and maintenance contract will be for over 15 years.
- The existing plants in this package are Al Hafuf STP 1, Al Oyun STP and Al Omran STP. This is in addition to the new one, Al Hafuf STP 2, Argaam reported.
- The design and rehabilitation will be completed in two phases over 36 months from the contract date. Meanwhile, the O&M will be carried out over 15 years (180 months).