SCC committee discusses issues related to Sharjah’s economy and tourism
SHARJAH, UAE - The Financial, Economic and Industrial Affairs Committee of Sharjah Consultative Council (SCC) held a meeting to discuss...
Business
Business
Commercial Bank International launches virtual location in Metaverse
CBI is the first-ever bank in the UAE and the Middle East region to have a location in the Metaverse.
- CBI is the first-ever bank in the UAE and the Middle East region to have a location in the Metaverse
- Metaverse is a virtual world, where people can interact, explore, and access services as digital avatars of themselves
Business
Saudi Arabia unveils plan to automate 4,000 factories
Saudi Arabia will automate some 4,000 factories in order to enhance competitiveness, efficiency and quality of industry.
- Saudi Ministry of Industry and Mineral Resources has launched a program aiming to move factories away from relying on low-skilled workers to instead automating their manufacturing
- It has also announced the adoption of the Smart Industry Readiness Index methodology to assess the operational readiness of factories
Economy
Abu Dhabi records $6.13bn of real estate transactions in H1 2022
Abu Dhabi's real estate market sustained growth driven by investor optimism, recording 7,474 property transactions amounting to over US$6.13 billion...
- Abu Dhabi's real estate market recorded 7,474 property transactions worth over US$6.13bn in H1 2022
- Department of Municipalities and Transport half-yearly report says all kinds of land, buildings and real estate were purchased, sold and mortgaged
Geostrategy
‘Bilateral ties strengthened with UAE President’s France visit’
The French Ambassador to the UAE, Xavier Chatel, described the first official visit to France of UAE President Sheikh Mohamed...
- The French Ambassador to the UAE described the first official visit to France of UAE President as successful
- Sheikh Mohamed bin Zayed Al Nahyan's visit underscores deep-rooted friendship between the two countries
Economy
Allotted industrial & commercial land rules in Dubai amended
Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister has issued a decree regulating the grant of title...
- Sheikh Mohammed bin Rashid issued Decree No. (25) of 2022 amending some of the articles of Decree No. (4) of 2010
- Article (1) outlines the definitions in the decree, while Article (2) covers the ownership of granted land
Economy
UAE Federal Tax Authority carries out 9,500 inspections in H1 2022
The Federal Tax Authority expanded its efforts in collaboration with various government departments, ministries and authorities to protect consumers from...
- During the first half of this year, the FTA carried out 9,948 inspection visits in local markets across the country
- Inspections conducted H1 of 2022 increased by 104 percent compared to 4,878 inspections conducted H1 of 2021.
Geostrategy
Arab League Cairo ministerial session discusses Greater Arab Free Trade Area
The meeting is a preparatory session preceding the regular 31st session of the Arab League Summit, which will be hosted...
- The meeting is a preparatory session preceding the regular 31st session of the Arab League Summit, which will be hosted by Algeria in November
- The UAE launched a range of pioneering programmes to train qualified Arab cadres to lead the space sector and support Arab cooperation in space sciences
Business
Arada H1 property sales up
The developer sold homes valued at $405m in Sharjah.
- The first half results saw completion of the company's first public financing deal, a $350 million sukuk issuance.
- The results come against Sharjah's booming property market, which saw a 65 percent increase in the total value of property sold in 2021.
Economy
Dubai Health Authority, Visa sign MoU to enhance health tourism
The Dubai Health Authority recently signed a Memorandum of Understanding (MoU) with Visa with the aim of enhancing Dubai's competitiveness...
- Visa cardholders would be given exclusive discounts on medical services by by members of the Dubai Health Experience
- The cardholders will be able to choose a range of medical services, book appointments and plan their treatment itineraries
Geostrategy
Saudi Arabia, Jordan review border security cooperation
Saudi Arabia and Jordan explored enhancing security cooperation in border security, developing human resources and training, and exchanging experiences. Border...
- Border Guard officials of Saudi Arabia and Jordan discuss security cooperation in meeting
- The officials also share experiences and discuss developing human resources at meeting in Jeddah
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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
SCC committee discusses issues related to Sharjah’s economy and tourism
SHARJAH, UAE - The Financial, Economic and Industrial Affairs Committee of Sharjah Consultative Council (SCC) held a meeting to discuss...
Business
Company News
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ENBD REIT announces H1 NAV
Business
DEWA, SAP senior management discuss cooperation in Dubai
DUBAI, UAE - Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA), received Christian Klein,...
Business
DEWA launches plan for fast approval of electricity connections
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) launched the 'OWNEK' awareness initiative to help its accredited contractors and...
Business
Iraq finalizes fresh air deals with Gulf countries
BAGHDAD, IRAQ - The Civil Aviation Authority announced the work to conclude new air agreements with the Gulf states. A spokesman...
Geostrategy
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Geostrategy
UAE, Korea discuss partnership in renewable energy, technology
The two sides discussed various paths of cooperation and development in the investment, economic, scientific, cultural and advanced technology fields.
- The two sides discussed various paths of cooperation and development in the investment, economic, scientific, cultural and advanced technology fields.
- Both the countries also reviewed partnership in renewable energy and other vital areas of interest within their two countries' future plans.
Science
Global conference on Pharmaceutical Technologies concludes in Dubai
DUBAI, UAE - The 28th edition of the Dubai International Pharmaceutical Technologies Conference and Exhibition (DUPHAT) 2023 concluded. The three-day...
- The largest-ever edition of DUPHAT, the 2023 event brought together more than 1,100 exhibiting companies.
- The event also discussed on how countries in the region can collaborate to enhance partnerships in the pharmaceutical industry.
Business
DEWA organized 157 health, safety training sessions for employees in 2022
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) has organized 157 training courses and awareness sessions on occupational health...
- DEWA organized its 20th Internal Health and Safety Week which featured various activities in aspects of occupational health and safety.
- DEWA continues to upgrade the expertise of its staff to reach the highest levels of excellence and quality through ongoing training.