GPSSA issues circular on pensions, gratuity in UAE
ABU DHABI, UAE – The Emirates General Pension and Social Security Authority (GPSSA) has issued a circular to government and...
Business
Business
UAE-France non-oil trade from 2012-2021 up 8 percent
The non-oil trade between the UAE and France increased by 8 percent from 2012 to 2021, from AED23.2 billion ($6.3...
- Their non-oil trade over the past decade amounted to over AED256.15 billion, with a total weight of 8.28 million tons.
- Ornaments, jewellery and related products on top of the list of five leading goods imported from France in 2021, with a value of AED2.46 billion.
Business
DFM welcomes listing of Union Coop
Dubai Financial Market (DFM) Monday welcomed the listing of Union Coop’s shares, becoming the first cooperative society in the UAE...
- Union Coop is the first cooperative society in the UAE to list its shares and Dubai Financial Market welcomes the step
- The listing supports the efforts of market participants to further develop Dubai's financial markets
Business
21,000 new companies join Dubai Chamber in H1 2022
Dubai Chamber of Commerce achieved record growth in new membership in the first half of 2022 as more than 21,000...
- A total of 2,326 ATA Carnets were issued and received by the Chamber in H1-2022, recording a 32 percent y-o-y increase.
- The number of e-transactions increased 10 percent over the same period to reach over 378,000.
Economy
DEWA commissions 11 substations in first half of 2022
Dubai Electricity and Water Authority (DEWA) commissioned a new 400/132 kV substation in Al Qusais Industrial Area 5, and 10...
- DEWA commissioned one 400/132 kV substation in Al Qusais Industrial Area 5 of Dubai in the first half of 2022
- Across Dubai 10 more 132/11 kV substations in different areas were commissioned in the first half of 2022.
Business
UAE, France discuss diesel supply to Europe
Sheikh Mohamed's visit is expected to conclude with 'the announcement of guarantees given by the UAE on quantities of hydrocarbon...
- A key facet of the trip is likely to be the unveiling of "guarantees given by the UAE on quantities of hydrocarbon supplies to France"
- MOUs and contracts are also expected to be signed in the transport and waste treatment sectors during the three-day visit
Analysis
More deals in sight as UAE-France ties strengthen
The past years witnessed the signing of dozens of agreements and memoranda of understanding between the two countries in various...
- Relations between the UAE and France date back to establishment of the UAE Federation when some French firms such as 'Total' helped UAE explore oil
- The past years witnessed dozens of agreements and MoUs between the two countries in various economic, cultural, military and environmental fields
Business
Jordan tourism sector rides high on back of 1.9m visitors to kingdom
The tourism sector of the Jordanian economy has seen a huge growth, with more than 1.9 million visitors arriving in...
- Tourism Minister Nayef Al-Fayez described the situation as reassuring
- He said the return of expatriates was an important component of the country’s tourism economy and that tourism revenue was calculated by the Central Bank
Business
QIB posts profit of US$499m for first half of 2022
Total assets of the bank have increased by 4.8 percent compared to June 2021 and now stand at QAR 193...
- Total assets of the bank have increased by 4.8 percent compared to June 2021 and now stand at QAR 193 billion driven by the growth in investing activities
- Total Income for the six months’ period was QAR 4,284 million registering a growth of 4.2 percent compared to QAR 4,112 million for the same period in 2021.
Economy
Jordan to achieve women-based legislative justice: Minister
International Labor Organization (ILO) estimated that the gender gap in labor force participation in Jordan has led to a loss...
- International Labor Organization (ILO) estimated that the gender gap in labor force participation in Jordan has led to a loss of $8 billion in the value of GDP in 2018
- UNICEF estimated that increase in women’s participation in the Jordanian labor force by 25% over the next seven years will help Jordan's GDP grow by 5% annually
Business
Capacity of DEWA IPP projects exceeds 4,000 MW
IPP model enabled DEWA to save an additional investment of AED 26 billion, which it invested in other infrastructure projects.
- IPP model enabled DEWA to save an additional investment of AED 26 billion, which it invested in other infrastructure projects
- DEWA has developed a new benchmark for solar energy prices for every kilowatt hour, thus making Dubai a global benchmark for solar energy prices
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
Company News
Latest News
Nestle pours $1.8 bn in S Arabia
Business
dnata begins building warehouse
The facility will be capable of processing 100,000 tons of cargo annually.
Business
Flynas passenger growth 91% in 2022
The airline launched 16 new destinations and 30 new routes.
Business
DEWA’s new project cuts 44,000 tons of carbon emissions annually
The TESTIAC project was implemented to increase the electricity generation capacity of gas turbines during high ambient temperatures in summer...
Business
Most Read
Business
DEWA 9th Sustainability Report showcases its progress in sustainable development
DUBAI, UAE - The ninth Sustainability Report 2021 issued by Dubai Electricity and Water Authority (DEWA) highlights its efforts and...
- The Sustainability Report 2021 introduces partners, relevant entities and all stakeholders to its performance and practices in sustainability.
- The report demonstrates the progress made by DEWA, and its contributions to achieving the United Nations Sustainable Development Goals 2030.
Geostrategy
Saudi grants almost 450,000 metric tons of oil to Yemen
AL-MAHRA, YEMEN - The second batch of the new Saudi oil derivatives grant of 4,491,000 metric tons of diesel was...
- The grant comes as part of the Kingdom's support for the Yemeni people under the directives of Saudi King Salman and the Crown Prince
- It also comes as an affirmation of the Saudi Arabia's keenness to achieve security, stability and development for the Yemeni people
Science
Dubai conference explore ways to nullify environment challenges
This is especially important with the ongoing preparations for the UAE to host the 28th Conference of the Parties by...
- Important topics at the conference included the application of membrane technology and nano-technology in water treatment
- The conference brought together global researchers, decision-makers, academics, and experts to discuss environmental and sustainability issues