Dubai Taxi Company net profit up 54%
The company will pay a dividend of $19.33 million for Q4.
Business
Real estate transactions worth over US$74m take place in Qatar in week
DOHA, QATAR - The volume of real estate trading in the country in sales contracts at the Department of Real...
Business
Geostrategy
UAE announces fund to develop and launch advanced satellites
UAE Space Agency on Sunday announced a new AED3 billion ($816 million) national investment and development fund for the space...
- The Fund’s first project to be launched to space will be a constellation of advanced remote sensing satellites using radar technologies to provide advanced imaging capabilities.
- The Fund will encourage partnerships between international and local enterprises, providing them with incentives as a part of the UAE Space Agency’s Space Economic Zones Program.
Geostrategy
Iraqi PM calls for joint efforts to tackle issues facing region
Iraqi Prime Minister Mustafa Al-Kadhimi said the Middle East has been affected by climate change, water crisis, dangers of desertification,...
- The Middle East has been affected by climate change, water crisis, dangers of desertification and COVID-19 pandemic.
- Iraqi Prime Minister Mustafa Al-Kadhimi has called for joint efforts to confront the issues facing the region
Geostrategy
Jeddah Summit enhances ties with US, GCC countries: Saudi minister
Saudi Minister of Investment Eng. Khalid bin Abdulaziz Al-Falih said that the Saudi-US and GCC-US summits, in the presence of...
- Jeddah Summit strengthens solid relations and strategic partnership between the US and GCC countries
- Economic relations between the US and the Kingdom are nearly 90 years old, says Saudi minister
Business
Sharjah records real estate transactions worth $517 million in June
A total of 747 real estate sales in 106 areas valued at $517 million were recorded in Sharjah in the...
- The total number of real estate transactions was 2,521, including 358 mortgage transactions worth AED 764 million (14.2 percent).
- The June real estate transactions in the emirate covered more than 6 million square feet and included residential, commercial, industrial, and agricultural lands.
Geostrategy
Security and stability remain key focus of the region
In a joint statement following the summit -- attended the GCC member states, Jordan, Egypt, Iraq and the US --...
- Leaders attending the Jeddah Security and Development Summit (GCC+3) vow to confront challenges in the region and preserve security in the Middle East
- The leaders also vowed to enhance regional cooperation and integration, and build joint projects between their countries to achieve sustainable development
Business
Real estate transactions worth US$1.5bn recorded in Dubai
Dubai's real estate and property transactions valued at AED 5.5 billion ($1.5 billion) during the week ending 15 July 2022....
- 186 plots were sold for US$162 million, 1,004 apartments and villas were sold for US$662 million
- The amount of mortgaged properties was worth US$561 million, highest being a building in Burj Khalifa
Geostrategy
UAE delegation highlights good governance initiative
The UAE delegation to the 2022 High-Level Political Forum on Sustainable Development (HLPF) at the United Nations (UN) Headquarters in...
- The UAE delegation concludes successful visit to the 2022 High-Level Political Forum on Sustainable Development
- The delegation presents the second edition of the UAE’s National Voluntary Review Report at the UN Headquarters
Geostrategy
Washington to remain fully engaged in Middle East, says Biden
US President Joe Biden told Arab leaders on Saturday that Washington would remain fully engaged in the Middle East and...
- The summit, the final stop of Biden's Middle East tour, brought together the six members of the GCC as well as Egypt, Jordan and Iraq
- Bahrain's King Hamad bin Isa Al Khalifa urged the leaders attending the Summit to join hands to find solutions to Palestinian and Yemeni crises
Economy
Abu Dhabi EAD launches environmental labeling program
The Environment Agency - Abu Dhabi (EAD) launched the 'Green Industries' environmental labeling program. The program is based on best...
- The 'Green Industries' environmental labeling program is based on best international practices in the field of eco-labeling
- The program aims to build mutually supportive partnerships to enhance the contribution of industrial facilities to environmental protection.
Geostrategy
Saudi citizens’ US visitor visas validity raised to 10 years
The United States Mission to Saudi Arabia has announced that Saudi citizens visitor visas (B1/B2) validity has been increased from...
- The visitor visas (B1/B2) validity has been increased from five to 10 years and will be applicable from August 1, 2022
- The decision on the visas has been taken in cooperation with the Saudi government on a reciprocal basis
Dubai Taxi Company net profit up 54%
The company will pay a dividend of $19.33 million for Q4.
Business
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ENBD REIT announces H1 NAV
Business
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‘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
UAE launches ‘Tax Support’ program to promote compliance with laws
Dubai, UAE - UAE's Federal Tax Authority (FTA) started the ‘Tax Support’ initiative to raise tax awareness among UAE’s business...
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...
Business
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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.
Business
DEWA launches plan for fast approval of electricity connections Â
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) launched the 'OWNEK' awareness initiative to help its accredited contractors and...
- The OWNEK initiative will save the contractors and consultants time and effort and speed up the workflow.
- The initiative includes a series of awareness sessions and detailed videos in Arabic and English.
Geostrategy
Iraq finalizes fresh air deals with Gulf countries
BAGHDAD, IRAQÂ - The Civil Aviation Authority announced the work to conclude new air agreements with the Gulf states. A spokesman...
- A spokesman for the Civil Aviation Authority said We have agreements with all Gulf countries and all Gulf national carriers that land in Iraqi airports
- He added that in the future, there may be air agreements with Kuwait as well.