Construction costs set to rise in UAE, Saudi Arabia in 2024: Report
Dubai, UAE -- Construction costs are set to increase in the UAE by 2-3 percent, and in Saudi Arabia by 5-7...
Business
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
Science
Testing of Barakah Nuclear Plant’s last unit successful
The Emirates Nuclear Energy Corporation has successfully completed the Hot Functional Testing on Unit Four, the last of its four...
- Emirates Nuclear Energy Corporation successfully completes Hot Functional Testing on the last of its four units of Barakah Nuclear Energy Plant
- Results demonstrate that all systems perform in accordance with the highest quality and safety standards under normal operating conditions
Economy
UAE, Korea discuss cooperation in food security, health, technology
Emirati exports to South Korea increased by 34 percent in 2021 compared to 2021, reaching $679 million.
- Emirati exports to South Korea increased by 34 percent in 2021 compared to 2021, reaching $679 million
- The value of non-oil trade between the two countries in H1 2022 amounted to US$1.3 billion, a 19 percent increase compared to the same quarter last year
Jordan’s Tourism income up 242% in H1 2022
The number of tourists visiting the kingdom rose by 1.4 million to 1.9 million.
- The number of tourists visiting the kingdom rose by 1.4 million to 1.9 million
- Data showed a rise in Jordanians' expenditure on travel last June by 61.8 percent
Arts & Culture
France and UAE explore ways to enhance cultural cooperation
Noura bint Mohammed Al Kaabi, UAE’s Minister of Culture and Youth, discussed cultural cooperation with Rima Abdul Malak, Minister of...
- They also tackled the future of cultural ties and the significance of creative and cultural cooperation.
- The two sides reviewed various areas of cooperation, especially the cultural and innovative industries.
Business
Global medical and recovery tourism worth $100bn annually: Official
The revenues of the medical and recovery tourism, globally, is around $100 billion annually, said Bandar Al Fihaid, President of the...
- Bandar Al Fihaid, President of the Arab Tourism Organization (ATO) said this in a report.
- The ATO president also said that Arab tourists expenditure amounts to nearly $30 billion.
Business
ADIB H1 net profit $381m
Net profit increased by 30 percent YOY to $381 million.
- The rise in net profit was attributed to top-line growth, continued optimization of the cost base and lower impairments.
- The bank revenue for the first half of the current year improved seven percent to AED 2,838 million compared to AED 2,644 million last year.
Business
Dubai Chamber members’ exports and re-exports $35bn in H1
The Dubai Chamber members' exports and re-exports surged to AED129.4 billion ($35 billion) during H1 2022, marking a 17.8 percent...
- The figure marks a 17.8 percent increase compared to the same period last year.
- The number of certificates of origin issued also rose 8.9 percent year-on-year to exceed 357,000.
Business
Expansion of Qatar’s NFE gas project well timed: Experts
Having revealed the list of companies chosen for expanding the North Field East (NFE) gas field, Qatar implements the first...
- Qatar's revenues are expected to rise by $40 billion after the first phase of expansion is completed by 2025.
- TotalEnergies, ExxonMobil, ConocoPhillips, Eni, and Shell had won earlier this year contracts to develop NFE, whose investment costs stand at about $28.75 billion.
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
Construction costs set to rise in UAE, Saudi Arabia in 2024: Report
Dubai, UAE -- Construction costs are set to increase in the UAE by 2-3 percent, and in Saudi Arabia by 5-7...
Business
Company News
Latest News
PIF, AeroFarms to build indoor farms
The farms will have a capacity of 1.1m kg of crops per year.
Business
Arada finalizes first set of homes worth $6.53bn in third phase of Sharjah project
SHARJAH, UAE -- Arada announced on Tuesday that it has completed the first set of homes in East Village as...
Business
‘Saudi to invest US$266bn in cleaner energy’
Saudi Arabia plans to invest more than US$266 billion to produce cleaner electricity and expand its power grid, the kingdom's...
Business
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Business
DEWA’s virtual employee ‘Rammas’ responds to over 6.8mn enquiries since 2017
DUBAI, UAE - Dubai Electricity and Water Authority’s ( ) virtual employee ‘Rammas’, which uses Artificial Intelligence (AI), answered over...
- DEWA CEO said the firm launched Rammas as part of its strategy to employ AI in all its operations and services.
- Rammas encourages the use of smart channels, reduces the number of visits to DEWA’s Customer Happiness Centers.
Business
MoU signed to establish Arab Digital Foodstuff Market
Abu Dhabi, UAE - As part of the pan-Arab efforts to implement the joint Arab digital economy vision, launched by...
- Ahmed Abu Al Gheit, Secretary General of the League of Arab States; and Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade were present during the signing.
- Members of the Executive Office of the Specialised Arab Federations Forum (SAFF) were also present during the meeting.
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,...
- DEWA MD and CEO highlighted the firm's projects and programs to anticipate and shape the future in line with the UAE Centennial 2071.
- He emphasized on the importance of exchanging global best practices and experiences between the two sides.