UAE announces monthly allowance of 50% of basic salary for imams, muezzins
Abu Dhabi, UAE - United Arab Emirates has announced a provision of a monthly financial allowance equivalent to 50 percent...
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
Business
Jordan real estate trade grows by 20% to $4.41 billion
Jordan has posted a twenty percent rise in real estate trade to $4.41 billion during the first seven months of...
- Jordan's revenue from the real estate market stood at $200 million in the January-July period of 2022, a 33-percent increase from the figure reported in 2021
- In July alone the trade volume went up by 40 percent, touching $695 million
Jordan puts up draft national AI strategy for public debate
The draft has been formulated in collaboration with experts from the European Union, the United Nations Economic and Social Commission...
- The draft has been formulated in collaboration with experts from the European Union, the United Nations Economic and Social Commission for Western Asia, and the UNIDO
- The strategy aims to create a regulatory environment that encourages the responsible use of AI and its applications to improve the efficiency of the public sector
Business
Jordan cabinet meeting debates implementation of reform plan
A cabinet meeting in Jordan discussed ways of implementing the "roadmap" in accordance with the time frame set by the...
- Nasser Shraideh, the Minister of Planning and International Cooperation, briefed the Cabinet on the proposed work methods and mechanisms for implementing the roadmap
- The Cabinet endorsed the Industry Support and Development Fund Regulations for 2022 that would establish the Support and Development of Industry
Economy
Oil prices down by 10% as US stockpiles increase
A rise in US stockpiles was partly responsible for a 10 percent drop in the commodity last week.
- A rise in US stockpiles was partly responsible for a 10 percent drop in the commodity last week
- Oil prices got support after OPEC+ decision of increase in production starting next September, by 100,000 barrel per day
Business
QAMCO profit rises by 112%
The company's net profit rose to $164 million in H1 of 2022.
- The company's earnings per share (EPS) amounted to QR 0.110 as of June 30 this year as against QR 0.052 for the same period in 2021
- QAMCO, a Qatari Public Shareholding Company, capital amounts to $1.60 billion
Business
QIG’s H1 profit surges 71.5%
The group announced earnings per share of 0.10 riyal.
- The group said that earnings per share amounted to 0.10 riyal in H1 2022, compared to 0.05 riyal last year
- The Qatari Investors Group was established in 2006, and its capital is about 1.243 billion riyals
Business
Dubai to be pitched as global hub for creative economy
The agreement between the two will see them both offering services to help set up new businesses in creative economy...
- The partnership will aim to double the creative industries’ contribution to Dubai’s GDP to five percent
- It will provide creative businesses with special incentives, such as creative activities, logistics, consultation, banking solutions and services
Business
Dubai Digital Assets Business Group formed to promote digital assets growth
Dubai Chamber of Digital Economy, one of three chambers operating under the umbrella of Dubai Chambers, has announced the formation...
- The key objectives of the new business group include promoting the digital asset industry in Dubai, boost transparency through market intelligence and data.
- The group provides an ideal platform for companies operating in the digital asset sphere to unify their voices, said Omar bin Sultan Al Olama.
Geostrategy
GCC members call for peace in Gaza, condemn Israel
The Secretary-General of the Gulf Cooperation Council (GCC) Naif Falah Mubarak Al-Hajraf condemned aggression of Israeli forces on the Gaza...
- UAE expressed concern over escalation and called for restraint to prevent Gaza from violence and instability while Saudi Arabia condemned the attack on Gaza Strip
- The Secretary-General of the Gulf Cooperation Council condemned Israeli forces for the attack on Gaza Strip, which resulted in multiple deaths
Economy
Over 7mn international visitors in Dubai in H1 2022
Dubai attracted 7.12 million international overnight visitors between January and June 2022, recording over 183 growth compared to the 2.52...
- The number of tourists recorded in H1 2022 was close to the numbers achieved in the first six months of 2019
- Western Europe accounted for a significant share of tourist arrivals, comprising 22 percent of total international visitors in H1 2022
UAE announces monthly allowance of 50% of basic salary for imams, muezzins
Abu Dhabi, UAE - United Arab Emirates has announced a provision of a monthly financial allowance equivalent to 50 percent...
Company News
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
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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.