Construction in China-Saudi Arabia ethylene project begins
FUZHOU, CHINA - Construction of the main complex of a joint-investment ethylene project, which involves petrochemicals giant Saudi Basic Industries...
Business
Economy
UAE’s Ministry of Energy and Infrastructure wins DACA Awards
The UAE Ministry of Energy and Infrastructure received the 'Sustainability Leader in Shipping' award and a 'Decarbonization Champion in Power...
- The UAE Ministry of Energy and Infrastructure was received the Sustainability Leader in Shipping award
- The ministry also got a Decarbonization Champion in Power Sector award during the Decarbonization and Climate Action Awards
Business
Chimera Capital launches two funds
The funds are Shariah-compliant and fully fungible exchange-traded funds.
- Both funds will be listed on Abu Dhabi Securities Exchange (ADX).
- The new Shariah-compliant ETFs will offer UAE investors direct access to US equity markets, further expanding Chimera’s product offering, the company said.
Business
1,600 African companies join Dubai Chambers since Oct 2021
Over 1,600 new African member companies have registered with Dubai Chambers since October 2021, growing 6.5 percent to reach 26,420...
- The number of African firms grew 6.5 percent to reach 26,420 today, the Chambers said.
- A total of 550 bilateral business meetings were held on the sidelines of Global Business Forum Africa last year,
Economy
8 conciliators in economic disputes sworn in at Abu Dhabi
Eight members of the first batch of conciliators in economic disputes and consumer complaints were sworn in at Abu Dhabi....
- The first batch of 8 conciliators in economic disputes and consumer complaints were sworn in
- The conciliators will begin their duties in the Abu Dhabi Department of Economic Development
Business
EGA holds wearable tech trial
Trial aimed at preventing heat-related illness in workers.
- 50 volunteers working in EGA's hottest operations are wearing devices to monitor critical health indicators.
- Data is transmitted in real-time to supervisors and EGA's occupational health team, with alerts to variations of potential concern.
Alpha Dhabi’s ‘W Solar’ to invest in Libya renewable energy
The company, a subsidiary of Alpha Dhabi Holding, signed an MoU with the General Electricity Company of Libya.
- The company, a subsidiary of Alpha Dhabi Holding, signed an MoU with the General Electricity Company of Libya
- By 2030, Libya aims for 22 percent of electricity generation to come from renewable energy
Business
Yiwu Market of Dubai ready to welcome consumers
Yiwu Market of Dubai, the first smart free zone market in the region, will open tomorrow, aiming to revolutionize the...
- Yiwu Market is the first phase of the Dubai Traders Market in the Jebel Ali Free Zone (Jafza)
- The market comprises 324 warehouses spread across two floors
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
Construction in China-Saudi Arabia ethylene project begins
FUZHOU, CHINA - Construction of the main complex of a joint-investment ethylene project, which involves petrochemicals giant Saudi Basic Industries...
Business
Company News
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FIFA World Cup Qatar will be the best, says Infantino
Arts & Culture
GAL-AMMROC, GMF ink pacts
Business
Algeria’s Sonatrach starts production in new gas field
The company announced the completion of production of the Tinrhert gas field at the end of November 2022.
Business
Saudi Arabia and Kuwait to jointly develop Al-Durra gas field
Riyadh, Saudi Arabia—Saudi Arabia has signed a memorandum of understanding (MoU) with Kuwait on Sunday to develop Al-Durra gas field...
Business
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Economy
GCC vows to unify stance of global environment issues
The Gulf countries have highlighted the importance of coordinating and unifying the stances of the regional bloc in all international...
- The Gulf countries have highlighted the importance of coordinating and unifying the stances of the regional bloc in all international environmental forums
- The meeeting of GCC ministers responsible for environmental affairs in their respective countries was chaired by Oman's Dr. Abdullah bin Ali Al-Amri
Science
UAE launches Arab world’s first ever lunar rover, will land in April 2023
Dubai, UAE - The Arab world's first lunar rover successfully took off to space on Sunday. The UAE-built Rashid Rover...
- The UAE became the first Arab country and the fourth country globally to land on the lunar surface after the United States, Soviet Union, and China.
- The Mohammed Bin Rashid Space Centre (MBRSC) said once launched, the integrated spacecraft will take a low-energy route to the moon.
Economy
UN says right environment policies can generate 20 million jobs
“It is critical that as we scale up the use of Nature-based Solutions (NbS) we make sure we do not...
- Nature-based solutions aim to protect, restore, and sustainably manage waters and marine ecosystems.
- New Green Jobs for Youth Pact, launched by ILO and UNEP at COP27, aims to create one million new green jobs.