Israelis raid Al-Aqsa, homes of Palestinians in Ramallah
RAMALLAH, PALESTINIAN TERRITORIES / JERUSALEM – Israeli forces carried out Sunday a series of raids in several towns in the...
Geostrategy
Business
Chinese firm bags $974m Madinah tunnel project
Saudi Arabia has awarded the building of a five-kilometer-long tunnel in the city of Madinah to a Chinese construction firm,...
- Canada’s WSP and US-based Parsons are among consultants working on the project while Rua al-Madinah Holding is the client
- Al-Amida road will serve as an alternative to the current ring road, through expanding the roadway to six lanes
Business
DMCC and Brooklyn Chamber of Commerce sign pact to promote trade
Dubai Multi Commodities Centre and Brooklyn Chamber of Commerce have signed an agreement to work together to promote trade and...
- DMCC will work with the Brooklyn Chamber to support New York-based businesses in setting up their operations in Dubai.
- Similarly, the partnership will look to facilitate the expansion of DMCC's member companies into the US market.
Business
UAE and European Union look to deepen cooperation
The UAE and European Union are looking to deepen cooperation in many fields, and in particular in sub-Saharan Africa. In...
- The two sides discussed political priorities and related programs, including the UN Sustainable Development Goals, the European Green Deal and global recovery
- They also discussed the latest economic and trade developments in Africa and a number of essential issues in the continent
Geostrategy
FIFA says Israeli citizens can travel to Qatar World Cup
Israeli citizens will be allowed to travel to Qatar to watch football's 2022 World Cup, despite the absence of diplomatic...
- Qatar does not have diplomatic ties with Israel. It supports Hamas and cut commercial ties with Israel in 2009.
- The two countries had established commercial relations in 1996, when then Israeli prime minister Shimon Peres visited Qatar's capital Doha.
Business
Savola Foods buys Egybelg
The Saudi firm plans to invest $91m in Egypt.
- Savola will allocate 730 million pounds toward rehabilitating the newly acquired firm and up to 400 million pounds to upgrade factories and raise production capacity
- With three factories across Egypt and five production lines, Cairo-based Egybelg manufactures and distributes bakery goods
Economy
UAE, Philippines ink pact on mutual promotion, protection of investments
Protection and Promotion of Investments Agreements aim to protect investments from all non-commercial risks like nationalisation, expropriation, and sequestration.
- Protection and Promotion of Investments Agreements aim to protect investments from all non-commercial risks like nationalisation, expropriation, and sequestration
- The agreement also provides compensation for the investor if his investments are destroyed as a result of wars, conflicts, civil disobedience, or demonstrations
Economy
GCC, Korea discuss intra-trade during FTA talks
The two sides launched their negotiations on June 6, during which they discussed many topics aimed at enhancing investments between...
- The two sides launched their negotiations on June 6, during which they discussed many topics aimed at enhancing investments between the two sides
- Head of the GCC Negotiating Team, Abdurrahman bin Ahmed Al-Harbi stated that the agreements follow the directives of the leaders of GCC member states
Economy
UAE’s trade surplus with GCC countries at Dh135 bn in 2021
The figures showed a 26 percent increase in trade between the UAE and GCC countries in 2021.
- The figures showed a 26 percent increase in trade between the UAE and GCC countries in 2021
- UAE imports from GCC countries in 2021 rose in value to AED56.3 billion, weighing 27.9 million tonnes
Geostrategy
UAE tops Arab countries as best Foreign Direct Investment hub
The UAE remained the largest recipient of FDI with flows increasing from US$19.88 billion in 2020 to US$20.7 billion in...
- The UAE remained the largest recipient of FDI with flows increasing from US$19.88 billion in 2020 to US$20.7 billion in 2021
- The report showed that global flows of FDI recovered to pre-pandemic levels last year, reaching US$1.58 trillion, an increase of 64 percent compared to 2020
Economy
Saudi Industrial Production Index rises by 26 percent in April
Saudi Arabia's Industrial Production Index (IPI) in April 2022 increased by 26.7 percent compared to the same month last year....
- Growth attributed to the high production in mining, quarrying and manufacturing activity.
- The IPI is an economic indicator that reflects the relative changes of the volume of industrial output.
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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
Company News
‘Culture is prerequisite for peace in the world’
Arts & Culture
Latest News
UAE President, Israeli counterpart seek to boost cooperation in space sector
Sheikh Mohamed and President Herzog confirmed the importance of boosting UAE-Israel cooperation in the space sector.
Geostrategy
ADNOC and PETRONAS sign MENA’s first unconventional oil concession
Abu Dhabi, UAE— The UAE President Sheikh Mohamed and the King of Malaysia Al-Sultan Abdullah have witnessed the signing of...
Business
‘Abu Dhabi Space Debate offers a significant and huge global platform to enhance activities in space sector’
It is possible to take advantage from the discoveries provided by space projects to boost our development for the benefit...
Geostrategy
Most Read
Economy
Dubai Health Authority wins International Data Corporation award
DUBAI, UAE - The Dubai Health Authority recently won the 'Best in Future of Operations' category at the International Data...
- DHA was recognized as an entity that has successfully rethought the ways in which its operations are managed keeping digital transformation in mind.
- IDC hosted over 200 senior IT and business leaders from across the UAE for the IDC DX Forum 2022.
Business
Musabbeh Al Kaabi to join ADNOC
Al Kaabi is the CEO of Mubadala's UAE Investment platform.
- ADNOC's new Low Carbon Solutions & International Growth vertical will be focused on new energies and low carbon solutions.
- Prior to the UAE Investments Platform role, Musabbeh was CEO of the Petroleum & Petrochemicals platform from 2017 to 2020.
Economy
Salaries, work environment, job security top UAE job features for 2023
The least important factors reportedly are aesthetics of the company such as the logo and website design and positive media...
- The least important factors reportedly are aesthetics of the company such as the logo and website design and positive media presence
- 7 in 10 respondents in the UAE find an employer attractive if they follow good ethics and practices, followed by friendly company culture