Mubadala to anchor US-based Blue Opal’s second venture capital fund
MIC will be an anchor investor in their second venture capital fund.
Business
UAE, NeoNautica collaborate to develop Blue Pass platform
DUBAI, UAE – The Ministry of Energy and Infrastructure has signed a collaboration agreement with NeoNautica, a company specialized in...
Business
Economy
WGES 2022 to promote investment tie-ups in green projects
The summit will be attended by several local and global high-profile participants, including heads of states and governments, as well...
- The summit will be attended by several local and global high-profile participants, including heads of states and governments, as well as prominent global speakers
- The UAE is the first country to develop the Green Key Performance Indicators focusing on three dimensions - environmental, economic and social - of sustainable development
Geostrategy
Jordan and US look to broaden ‘deep-rooted’ partnership
Jordan and the United States have discussed ways to boost cooperation in various fields and to broaden the 'deep-rooted strategic'...
- Ayman Safadi, Jordan's Deputy Prime Minister and Minister of Foreign Affairs and Expatriates, met with Elizabeth Allen, US Under Secretary of State for Public Diplomacy
- Safadi lay stress on the importance of US assistance provided to support the kingdom's development process
Business
Souq Al Jubail dates festival registers sales of 38 tonnes
The festival, In its seventh edition since it opened last month, has witnessed a great turnout from UAE citizens, residents,...
- The festival, In its seventh edition since it opened last month, has witnessed a great turnout from UAE citizens, residents, and visitors
- Since the beginning of the festival in July 2022, different varieties of dates have been sold through ten sales platforms
Economy
King Abdullah calls for speeding up of food security plan
The king has called on the Jordanian government to speed up the implementation of the national plan for sustainable agriculture...
- The king lay emphasis on the importance of continuous outreach to Jordanians across the kingdom, to update them on agricultural projects
- Prime Minister Khasawneh said the higher council for food security, whose bylaw was recently endorsed, will have an important executive role
UAE investments in Egypt rise by 169% in 6 months
In a statement, CAPMAS said that the value of the trade exchange between Egypt and the UAE increased to about...
- In a statement, CAPMAS said that the value of the trade exchange between Egypt and the UAE increased to about US$1.2 billion
- The value of remittances from Egyptians working in the UAE rose by 1.4 percent, reaching US$3.5 billion during the 2020-2021 fiscal year
Business
Flyadeal adds A320neo to fleet
It raises Saudi low-cost airline's fleet strength to 26.
- The new Airbus aircraft made its first landing in the kingdom at King Abdulaziz International Airport in Jeddah
- The CEO said that the fleet expansion will contribute to increasing the number of flights, providing more seats, and serving new customers
Business
Dubai Media Inc affiliated to Dubai Media Council
In his capacity as the Ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister, has...
- Sheikh Mohammed issued a decree appointing Sheikh Hasher bin Maktoum bin Juma Al Maktoum as Chairman of DMI.
- DMI has a strategy will leverage the expertise of a young and talented Emirati workforce to make the leap in delivering quality media content
Geostrategy
UAE Ambassador to Iran will soon resumes duties
In line with UAE efforts to strengthen relations with the Islamic Republic of Iran, the Ministry of Foreign Affairs and...
- The decision to appoint an envoy to Iran comes as part of a previous decision to increase diplomatic representation to the rank of ambassador
- The ambassador would contribute to advance bilateral relations between UAE and Iran
Business
Saudi business tax payers asked to submit July declaration
The Zakat, Tax and Customs Authority has called on taxpayers from the business sector subject to value added tax (VAT)...
- The Authority has urged business sector taxpayers to promptly submit their tax declaration in order to avoid a penalty.
- Penalty will be charged at a minimum of 5 percent and a maximum of 25 percent of the tax value which the taxpayer had to declare.
Business
GIS, DIH mull merger
Qatar Central Bank has provided in-principle no-objection to both firms.
- The potential merger is likely to create one of the largest local insurance companies.
- The creation of huge insurance company is in line with the Qatar National Vision 2030.
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Mubadala to anchor US-based Blue Opal’s second venture capital fund
MIC will be an anchor investor in their second venture capital fund.
Business
Company News
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Bybit partners with Sharjah varsity to boost crypto adoption in UAE
Sharjah, UAE - Bybit, the world’s third most visited crypto exchange, will contribute AED 1 million ($272,257) via a partnership...
Business
World Bank lowers MENA’s growth forecast to 2.2 percent in 2023
DUBAI, UAE - The World Bank raised its global growth forecast for 2023 to 2.1 percent (in June 2023) from...
Economy
Dubai Islamic Bank unveils digital banking services
Dubai, UAE - Dubai Islamic Bank launched DIB alt, a full-fledged digital umbrella brand to house all of the bank's...
Business
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Business
DEWA extended 64km water transmission pipelines in 2022
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) extended water transmission pipelines of 64 kilometers lengths in several areas...
- The transmission pipeline extensions have remote monitoring for control of key water networks effectively around the clock.
- This is through automated valves operated from the control centre to reduce interruptions and water network losses.
Business
MoIAT inks MoU with MEXT to implement industrial transformation Index
ABU DHABI, UAE - The Ministry of Industry and Advanced Technology (MoIAT) and MEXT signed a memorandum of understanding (MoU)...
- The move is part of the UAE's efforts to accelerate decarbonization and digitalization within the global manufacturing sector.
- First implemented in the UAE in February in line with the UAE Net Zero by 2050 strategic initiative, the ITTI will soon be deployed in the region.
Business
Jewels of Emirates Show begins in Sharjah
SHARJAH, UAE - The fourth edition of the Jewels of Emirates Show, the first Emirati exhibition dedicated to diamond jewelry,...
- The Expo Centre Sharjah with the support of the Sharjah Chamber of Commerce and Industry (SCCI) is hosting the event.
- Sheikh Majid bin Faisal bin Khalid Al Qasimi, First Deputy Chairman of the Chamber, inaugurated the exhibition.