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
Business
Vodafone Qatar profit up 61%
Net profit for H1 2022 reaches $60 million.
- The increase in profit is mainly due to growth in earnings before finance, tax, depreciation and amortization
- Vodafone Qatar commenced commercial operations in 2009 with a capital of QR 4.277 billion
Dubai marine service to enhance maritime sector efficiency
The service aims to establish a unified civilian entity affiliated with the DMCA, Dubai Municipality and Dubai International Marine Club.
- The service aims to establish a unified civilian entity affiliated with the DMCA, Dubai Municipality and Dubai International Marine Club
- Dubai Maritime City Authority said the purpose of Marine Assistant service was to develop a system that enhances the efficiency and competitiveness of Dubai’s maritime
Business
DIFC unveils wealth center
The center will be a hub for high-net-worth individuals.
- The center will look to provide advisory and concierge services, education and training, outreach and high-end networking, besides undertaking research and issuing publications
- Tarek Hajjiri, CEO for the new project, said that the new center will play a unique role in guiding family businesses in relation to governance, succession, ownership, wealth
Economy
Ajman records 13% growth in certificates of origin during H1, 2022
Abdullah Al Muwaiji, Chairman of the ACCI, said that the export growth in Ajman was supported by the advanced infrastructure...
- Abdullah Al Muwaiji, the ACCI Chairman, said that the export growth in Ajman was backed by the advanced infrastructure
- ACCI has issued a set of commercial reports to its members, traders, and industrial business owners, to identify export opportunities available in global markets
Geostrategy
UAE, Germany to cooperate in ecotourism, environment conservation
UAE and Germany have reviewed cooperation on biosphere reserves, ecotourism, and environmental conservation. A delegation from the German Development Cooperation...
- AE’s Ministry of Climate Change and Environment (MOCCAE), represented by its Biodiversity Department, shared insights on ecotourism prospects with a German delegation.
- The ministry explored collaboration to control marine pollution and promote sustainable aquatic environment.
Business
Southern Cement H1 profit $40mn
Profit fell 42 percent compared to H1 2021.
- In comparison to 2021, the profit declined by 42 percent, when it was $68.4 million.
- The company’s net profit in second quarter 2022 dropped 30 percent to $16.22 million
Geostrategy
Dubai Customs thwart marijuana smuggling bid at international airport
Dubai Customs authorities seized 3.7kg of marijuana at Dubai International Airport terminal 1. An African passenger was trying to smuggle...
- An African passenger was trying to smuggle the drugs by stashing it inside cylindrical vehicle air filters.
- The goods were analyzed through the narcotics detector, which revealed it to be marijuana.
Business
Dubai realty market records deals worth $653 million on Tuesday
Dubai real estate market recorded 436 sales transactions worth AED971.4 million ($264 million), in addition to 101 mortgage deals of...
- The sales included 360 villas and apartments worth AED738.88 million, and 76 land plots worth AED232.51 million.
- The emirate's real estate market record realty transactions worth over AED1.6 billion on Monday.
Business
Three day Ajman Dates festival concludes, promotes palm plantation
The seventh edition of three-day Liwa Ajman Dates and Honey Festival at the Emirates Hospitality Center in Ajman, concluded. Organized...
- The event acted as a platform for promotion of palm plantation, and production of dates, honey and fruits.
- People visited the festival in huge numbers, which included many events aimed at reviving the cultural Emirati heritage
Economy
WUWM Abu Dhabi 2022 to discuss global food chain
The World Union of Wholesale Markets (WUWM) Conference 2022, which will be held in the Middle East for the first...
- The World Union of Wholesale Markets (WUWM) Conference 2022 will be held in the Middle East for the first time
- As the world’s largest network of wholesale markets, WUWM represents the industry’s most significant suppliers of fresh food
Most Read
Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
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
Company News
Jordan, India explore economic cooperation
Geostrategy
Latest News
UAE minister calls for using digital tech in building peace
New York, USA - Omar Sultan AlOlama, UAE's Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications,...
Geostrategy
UAE delegation explores investment opportunities in US
“The United States is a long-standing trade and investment partner for the UAE – and an important ally in the...
Business
Iran, Syria pledge to strengthen ties, develop economic relations
During late-night talks Thursday, Raisi and his Syrian counterpart Bashar al-Assad discussed "ways to develop and strengthen bilateral relations" and...
Geostrategy
Most Read
Science
Sharjah okays Genetic Coding Program to classify emirate’s biodiversity
Sharjah, UAE - The Sharjah Executive Council (SEC) approved Tuesday the "Genetic Coding Programme" project to classify biodiversity in Sharjah,...
- The project aims to create a unified database of genetic coding for the types of living organisms, harness labs to determine the identity of living organisms at the DNA level.
- Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince, Deputy Ruler of Sharjah and Chairman of the SEC approved the program.
Business
UAE, Morocco discuss ways to strengthen trade relations
Rabat, Morocco - The UAE is keen to strengthen economic and trade relations with Morocco, in a way that enhances...
- The two sides discussed the importance of intensifying mutual investments in areas of technology, cyber security and artificial intelligence.
- They also discussed launching a new program to support agricultural investments and stimulating joint cooperation.
Business
Arabian Travel Market unveils Monday in Dubai
DUBAI, UAE - The 30th edition of Arabian Travel Market (ATM) will open Monday at Dubai World Trade Center (DWTC),...
- The event, on May 1-4, will see global travel, tourism, and hospitality experts discuss how their industry is ‘Working Towards Net Zero’.
- Exhibitor participation in the event has risen by 27 percent compared to last year’s event, with growth registered across all show sectors.