Ras Al Khaimah witnesses rise in issue of valid business licenses in 2023
RAS AL KHAIMAH, UAE - The economic growth of the Emirate continued to accelerate in 2023, with the Department of...
Business
Cisco identifies major AI trends for 2024
DUBAI, UAE – Developments in Artificial intelligence (AI) have been impacting businesses, governments and economies across the world. Advancements in...
Business
Economy
Britain offers £50.2m grant to Jordan to expand social net
The grant is part of an £95 million aid package including £65 million for the social protection sector.
- The grant is part of an £95 million aid package including £65 million for the social protection sector
- The aid also helps Jordan take care of the Syrian refugees. a priority for the British side
Videos
UAE’s NFT market witnesses rapid growth
Several crypto platforms have recently launched dedicated NFT marketplaces. TRENDS tries to find out which business and economic sectors have...
- Many NFT investors are making Dubai their new home every day because of its zero percent personal income tax regime, amongst other big favourable factors.
- Several crypto platforms have recently launched dedicated NFT marketplaces. TRENDS tries to find out which sectors have been covered by NFTs in the UAE.
Geostrategy
Jordan king to Abbas: Nothing more important than Palestinian cause
King Abdullah said the only way to end the Palestinian-Israeli conflict is through the two-state solution, which guarantees the establishment...
- King Abdullah said the only way to end the Palestinian-Israeli conflict is through the two-state solution, which guarantees the establishment of an independent Palestinian state
- He revealed Jordan is in constant touch with the US, and is working to have the Palestinian cause at the top of President Biden’s agenda during his upcoming visit to the region
Business
European monetary policy: Same hat doesn’t fit all
The Europe's apex bank is expected to gradually tighten monetary policy whilst using asset purchases to support weaker countries in...
- The European Central Bank has the impossible task of setting a single monetary policy that is suitable for a diverse mix of countries in very different situations, says QNB
- The ECB will gradually tighten monetary policy while using asset purchases to support weaker countries in the periphery in a bid to avoid a full-blown resurgence of the Euro
Business
SVC to invest in Venture Debt Fund
The fund will offer venture debt tools to startups and SMEs.
- SVC CEO Nabeel Koshak said the investment is part of the company's program to invest in funds.
- Koshak said funds offering venture debt tools provide financing solutions for startups, and SMEs, known for their quick growth rates.
Business
Sharjah a vital tourist destination, says business body
The Sharjah Chamber of Commerce & Industry organized a business meeting with the Embassy of the Republic of North Macedonia...
- Sharjah Chamber of Commerce & Industry organizes a meeting with North Macedonia Embassy in the UAE
- In the meeting with a North Macedonia delegation, SCCI promotes the emirate’s tourism potential
Business
Saudi minister appreciates Seafarers’ role in maritime sector
Minister of Transport and Logistics, Engineer Saleh bin Nasser Al-Jasser, praised the seafarers for their role in the global maritime...
- The minister was speaking on the occasion of the International Seafarers Day, observed on June 25.
- More than 1,000 Saudi sailors work onboard the Saudi Naval Fleet, which in 2021 recorded advanced ranks in the tonnage side, and ranked first regionally and 21 globally.
Economy
UAE’s EHS, Johnson & Johnson ink MoU on healthcare
Emirates Health Services has signed a MoU with Johnson & Johnson Middle East to strengthen collaboration towards developing more advanced...
- UAE''s EHS has signed a MoU with Johnson & Johnson to strengthen collaboration towards developing more advanced health services
- The agreement will also strengthen collaboration in developing innovative hi-tech solutions to support the health sector in the country
Videos
Climate change fight a priority for COP 28 host
From making solar energy available at 1.35 cents per kilowatt hour to building three of the world's largest solar parks,...
- Abu Dhabi has committed more than $20 billion to renewable energy programs through Masdar, which has expanded the UAE’s renewable energy portfolio 400 percent in the last 10 years.
- The UAE has three of the world’s largest solar plants and is rapidly building more.
Economy
Abu Dhabi explores clean energy solutions in Canada
The UAE delegation’s visit to Canada comes at a time when the UAE is preparing to host the 28th United...
- The UAE delegation’s visit to Canada comes at a time when the UAE is preparing to host the 28th United Nations Climate Change Conference of the Parties (COP28) next year
- The conference will focus on upholding climate commitments, inclusion for all, and collaboration towards implementing concrete measures and developing practical solutions
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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
Ras Al Khaimah witnesses rise in issue of valid business licenses in 2023
RAS AL KHAIMAH, UAE - The economic growth of the Emirate continued to accelerate in 2023, with the Department of...
Business
Company News
EGA, ITOCHU sign agreement
Business
Latest News
SASO, Chinese SAC renew technical cooperation program
The program aims to strengthen the strategic partnership between the two countries and contribute to ensuring the quality and safety...
Economy
Saudi Crown Prince: ‘Arabs will race for progress and renaissance once again. We will prove that every day’
China has established comprehensive strategic partnership relations with 12 Arab countries separately, says Xi Jinping during Arab-China Summit in Riyadh.
Geostrategy
Dubai records weeklong real estate transactions worth $2.48 billion
Dubai, UAE --Dubai recorded a total of 3,186 real estate transactions worth over AED 9.1 billion ($2.48bn) during the week...
Business
Most Read
Economy
UAE tax decree: Profits above $102,099 to be taxed at 9 percent
Abu Dhabi, UAE---The UAE has issued a decree on the Taxation of Corporations and Businesses, the Corporate Tax Law, under...
- Profits up to and including the $102,099 threshold will not be taxed "to support small businesses and start-ups".
- Free zone entities will be eligible to benefit from the zero percent Corporate Tax rate on qualifying income.
Geostrategy
IFC, UNHCR to jointly boost private sector engagement for refugees, host communities
GENEVA, SWITZERLAND - The International Finance Corporation (IFC) and UNHCR, the UN Refugee Agency, Friday announced a joint initiative to...
- The initiative aims to mobilize private sector projects over the next five years to demonstrate the viability of investments in forced displacement contexts.
- Forced displacement is a growing crisis that is too large and complex for governments and humanitarian agencies to solve alone.
Business
Aramco, Shandong Energy to collaborate on downstream projects in China
Dhahran, Saudi Arabia---Saudi Aramco and China's Shandong Energy Group are exploring collaboration on integrated refining and petrochemical opportunities in China....
- The companies have signed a Memorandum of Understanding (MoU), which includes a potential crude oil supply agreement and chemicals products offtake agreement.
- The scope of the MoU extends to cooperation across technologies related to hydrogen, renewables and carbon capture and storage.