Amman Chamber of Industry exports for January-February 2024 reaches $1.3bn
AMMAN, JORDAN - Amman Chamber of Industry (ACI) exports amounted to US$1.3 billion (JD926 million) during the last two months...
Business
Saudi Arabia’s Purchasing Manager’s Index rises to 57.2 points in Feb
RIYADH, SAUDI ARABIA - The seasonally adjusted Riyadh Bank Saudi Arabia Purchasing Managers’ Index (PMI), formerly S&P Global Saudi Arabia...
Economy
Economy
Sharjah steps up emergency response to extreme weather conditions
More than 3,400 rescue and evacuation operations were conducted in the eastern regions of the emirate by the Sharjah Police...
- More than 3,400 rescue and evacuation operations were conducted in the eastern regions of the emirate by the Sharjah Police General Headquarters
- In flood-hit Kalba, 2,069 residents were moved into schools, while nurses were transferred from Fujairah to support medical efforts at Kalba Hospital
Sharjah supports low-income families with $3 million
The Sharjah Charity International has provided $3 million assistance in the first half of this year.
- The Sharjah Charity International has provided $3 million assistance in the first half of this year
- The society relies on the charitable contributions of benefactors to support deserving families
Economy
UAE’s Q1 public spending rises by nearly 20 percent to $23.79 billion
The UAE’s public spending in the first quarter of 2022 totaled AED87.4 billion ($23.79 billion), an increase of 19.6 percent...
- AED28.7 billion spent on employee compensation payments, compared to AED24.6 billion in the same reporting period in 2021.
- Revenues amounted to AED123.8 billion in the first quarter of 2022, an increase of 39.1 percent or equivalent to AED34.8 billion, compared to AED88.9 billion in Q1 2021.
Geostrategy
Jordan, Canada to forge cooperation in food and water security
Jordan and Canada on Sunday discussed enhancing bilateral development cooperation, especially in food and water security. Jordan’s Minister of Planning...
- Canada is expected to support the education sector and vocational and technical education in Jordan.
- The two sides agreed to renew the MoU signed in 2015 between both countries to identify the areas where Canada could support Jordan.
Business
Qatar Chamber to promote investment in country during world cup
Qatar Chamber would issue a guide to economic and commercial activities in Qatar 2022, aiming to promote its economy and...
- Qatar Chamber General Manager Saleh bin Hamad Al Sharqi stressed the promotion of economy and investment climate.
- Bin Hamad noted FIFA WC 2022 is a key opportunity to introduce the Qatari economy and the advantages of investment in Qatar.
Business
World’s biggest chocolate plant restarts after scare
The plant, which supplies industry giants such as Hershey but not to consumers directly, was shut down after salmonella bacteria...
- Zurich-based Barry Callebaut said it halted shipments and informed clients in time to prevent contaminated chocolate making its way to shops.
- It identified lecithin, added to smooth food textures, as the source of the contamination, prompting weeks of extensive cleaning.
Economy
Campaign to attract Emiratis toward private sector launched by talent council
NAFIS.. Your Way, a campaign that will highlight the success stories of talented Emiratis in the private sector and the...
- The campaign was launched by Emirati Talent Competitiveness Council (ETCC), which is chaired by Sheikh Mansour bin Zayed Al Nahyan and ETCC Board Chairman.
- The campaign will showcase ambitious Emiratis around the UAE working in diverse roles within the private sector.
Economy
UAE foreign ministry, ECI sign MoU to promote trade, investment
The Ministry of Foreign Affairs and International Corporation (MoFAIC) and Etihad Credit Insurance (ECI), the UAE's federal export credit company,...
- MoFAIC and ECI agree to work together to position the UAE as an ideal destination for trade and investment
- They will highlight the UAE's stable and secure environment, investor-friendly legislation and advanced trade finance infrastructure
Economy
Tie-ups with UAE helps boost Indian farm exports by 31 percent
Buyer-seller meets in the UAE on agricultural and food products with registered geographical indication (GI) tags, a week-long mango festival...
- Buyer-seller meets in the UAE on agricultural, food products with registered geographical indication tags helped boost India's exports
- A week-long mango festival in Bahrain, and an international buyer-seller meet in Ladakh attended by buyers from Dubai and Oman also helped
Economy
UAE issues new guidelines for real estate transactions
The Ministry of Economy (MoE) and the Ministry of Justice (MoJ), in partnership with the UAE Financial Intelligence Unit (FIU),...
- The move will help the UAE’s sustainable, evolving approach to the global fight against money laundering and terrorist financing
- The decision was made following multiple meetings and discussions among the MoE, MoJ, FIU, and other competent authorities in the UAE
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Amman Chamber of Industry exports for January-February 2024 reaches $1.3bn
AMMAN, JORDAN - Amman Chamber of Industry (ACI) exports amounted to US$1.3 billion (JD926 million) during the last two months...
Business
Company News
Latest News
VOX Cinemas unveils debut slate of original Arabic films
Arts & Culture
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),...
Business
MoHAP inks deal with Coursera to upgrade skills of employees
The agreement also provides for the creation of a cohesive relationship between the ministry's strategic priorities and training needs, as...
Geostrategy
Flight carrying humanitarian aid from Red Cross lands in Sudan
KHARTOUM, SUDAN - A first Red Cross plane laden with humanitarian aid on Sunday landed in Sudan, where deadly clashes between...
Geostrategy
Most Read
Business
DET to highlight Dubai’s tourism in Arabian Travel Market
DUBAI, UAE - Dubai’s Department of Economy and Tourism (DET) is likely to display the diversity of the Emirate's destination,...
- DET is supposed to highlight how the city’s tourism industry is supporting the journey towards achieving the UAE’s Net Zero 2050.
- DET will showcase cuisine from Emirati businesses and local, homegrown brands whilst ensuring that all giveaways are sustainable.
Business
Ajman real estate transactions reach $930 million in first quarter
Ajman, UAE - Total real estate transactions in Ajman in the first quarter (Q1) of 2023 totaled AED3.4 billion ($930...
- The quarterly report on real estate transactions in the emirate registered 555 mortgage applications worth $207.23 million.
- Meanwhile, Local real estate transactions totaled AED1.4 billion ($380m), a rise of 34 percent compared to January.
Business
ADDED ink deal with Wio Bank to aid SMEs growth
ABU DHABI, UAE - The Abu Dhabi Department of Economic Development (ADDED) and Wio Bank announced on Tuesday that would...
- In less than 48 hours, Wio will help set up corporate accounts for SMEs licensed by ADDED and provide an up-to-date view of their financials.
- Wio will work with Abu Dhabi Residents Office, Abu Dhabi SME Hub, and TAMM, Abu Dhabi Government Services, to extend banking and business services.