e& pledges $6 billion to advance connectivity in 16 countries
Barcelona, Spain -- e& Friday pledged to invest $6 billion between 2024 and 2026 in technological advancement, infrastructure development, and...
Business
ADGM’s Registration Authority fines two firms for audit failings
ABU DHABI, UAE – The Registration Authority (RA) of Abu Dhabi Global Market has fined Baker Tilly Middle East Limited...
Geostrategy
Geostrategy
GCC nationals can now visit Bahrain with just ID cards
Bahrain will permit nationals of the Gulf Cooperation Council to enter into the kingdom with just an identity card or...
- The move follows the decision of GCC countries to resume the procedure of allowing ID cards as a travel document
- This decision is in line with the facilities provided for GCC nationals in order to ease travel procedures for them and ensure their interests and those of their families
Economy
Saudi inflation inches up to 2.3%, driven by high food prices
Inflation in Saudi Arabia jumped to 2.3 percent, in June, from 2.2 percent in May, driven by a rise in...
- While the annual growth in the transport index slowed to 2.47 percent in June from 4.05 percent in May, the growth rate in the housing and utilities group doubled to 1.02 percent
- The food and beverages category’s contribution to headline inflation changed less in June compared to May at around 36 percent
Geostrategy
Biden vows to defend KSA, halt Iran’s nuclear bid
A joint communiqué, issued after US president's meetings with King Salman and Crown Prince Mohammed bin Salman, outlines the strategic...
- The two countries reaffirmed their commitment to a stable global energy market, particularly in light of the current crisis in Ukraine and its consequences
- Regarding the ongoing war in Ukraine, the two sides underscored the need for maintaining a rules-based international order
Business
Saudi Arabia, US sign 18 agreements in key sectors
The agreements -- covering space, investment, energy, communications and health -- aim to strengthen bilateral relations between the two countries.
- The agreements -- covering space, investment, energy, communications and health -- aim to strengthen bilateral relations between the two countries.
- The deals include 13 agreements made with the Ministry of Investment, the Royal Commission for Jubail and Yanbu and numerous private sector firms
Business
Dubai records weeklong real estate transactions worth $1.49 billion
A total of 1,614 transactions were recorded, including 186 plots that were sold for AED 594.72 million and 1,004 apartments...
- Al Hebiah Fifth recorded the most transactions for this week by 105 sales transactions worth AED 262.43 million.
- A total of 80 properties were granted between first-degree relatives worth AED 479 million.
Geostrategy
Jordan’s minister holds series of meetings with UN officials
Jordan's Minister of Planning and International Cooperation Nasser Shraideh held a series of meetings at the High Level Political Forum...
- The Jordanian minister met with several senior UN officials and presented the country's 2nd Voluntary National Review
- The minister briefed the UN officials on social and economic challenges facing the Kingdom
Economy
Chairman, CEO of Expo City Dubai Authority appointed
Vice President and Prime Minister of the UAE Sheikh Mohammed bin Rashid Al Maktoum, in his capacity as the Ruler...
- Expo City Dubai Authority seeks to reinforce Dubai's position as a leading destination for global exhibitions
- The Authority will facilitate sharing of knowledge and experiences related to the management and organization of major events
Business
Agthia buys 60% stake in Auf Group
The deal builds on Agthia’s acquisition of BMB Group.
- The deal builds on Agthia’s acquisitions of the GCC’s snacks and food company, BMB Group, and the Al Foah dates
- The Auf Group’s founders will retain a combined stake of 30 percent in the business and continue to lead the company
Economy
RAK non-oil foreign trade sees 14% hike in 2021
Exports accounted for the largest portion of the emirate's total non-oil foreign trade, reaching 57 percent, at AED 9.539 billion.
- Exports accounted for the largest portion of the emirate's total non-oil foreign trade, reaching 57 percent, at AED 9.539 billion
- This is followed by imports, which accounted for 35 percent of the total, amounting to AED 5.97 billion
Geostrategy
UAE, Türkiye discuss enhancing relations in various sectors
A UAE delegation led by Minister of Industry and Advanced Technology Dr Sultan bin Ahmed Al Jaber has concluded a...
- A UAE delegation led by Minister of Industry and Advanced Technology was on a two-day visit to Türkiye aimed at enhancing cooperation
- The visit included meetings with senior government and private sectors officials as well as a UAE-Türkiye Investment Workshop
e& pledges $6 billion to advance connectivity in 16 countries
Barcelona, Spain -- e& Friday pledged to invest $6 billion between 2024 and 2026 in technological advancement, infrastructure development, and...
Business
Company News
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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...
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 Â
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) launched the 'OWNEK' awareness initiative to help its accredited contractors and...
Business
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Business
15 top panels to discuss defense advancements in IDEX, NAVDEX 2023
ABU DHABI, UAE - IDEX and NAVDEX 2023 exhibitions, to be held from February 20-23 in Abu Dhabi, will host...
- The panels will feature prominent leaders and decision makers from around the world
- The panels are an ideal platform for facilitating discussions about relevant focus areas in the defense and naval defense sectors
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.