Saudi Arabia’s air defense commander examines Russia’s S-350, S-400 systems
RIYADH, SAUDI ARABIA – The Commander of the Royal Saudi Air Defense Force Lieutenant-General Mazyad bin Suleiman Al-Amr has inspected...
Geostrategy
UAE is the most popular destination for global workers, says report
Dubai, UAE – The United Arab Emirates is the most popular country for international talent seeking employment visas, a report...
Business
Business
Saudi Arabia seizes 302,255 Captagon pills at Al-Haditha port
Saudi Arabia has seized a new consignment of banned drugs being brought into the kingdom at Al-Haditha port.
- The Zakat, Tax and Customs Authority seized 302,255 Captagon pills from the fuel tank of a truck and medical braces worn by a smuggler
- The operations were carried out in coordination with the General Directorate of Narcotics Control and three people have been arrested
Business
EWEC to conduct 4th Clean Energy Certificates Auction
The CECs provide Abu Dhabi entities a pathway to achieve their desired sustainability goals by guaranteeing the zero-carbon origin of...
- The CECs provide Abu Dhabi entities a pathway to achieve their desired sustainability goals by guaranteeing the zero-carbon origin of their clean electricity consumption
- Also, the CECs offer entities a globalcompetitive edge by holding internationally recognised certificates that guarantees their green credentials.
Business
Soqoor program: DEWA approves 50,567 NOCs
It is the first government program of its kind to evaluate consultants and contractors in Dubai.
- It is the first government program of its kind to evaluate consultants and contractors in Dubai
- The program creates a healthy competition among consultants, contractors to ensure their compliance with the highest quality
Opinion
Shared values take UAE-Germany ties to a new level
"We are forging the links that will strengthen our shared interests and values to confront the challenges head-on. As Germany...
- The UAE and Germany are clear-eyed about the challenges they will face in the next 50, says UAE's Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan.
- As Germany pursues its policy of 'Zeitenwende' that will usher in a new era of foreign policy, finance, and energy, it will find in the UAE a true and reliable partner, he adds.
Business
Abu Dhabi bourse records highest trading value in Arab markets: AMF
Abu Dhabi Securities Exchange (ADX) recorded the highest increase in trading value among Arab financial markets in May 2022 at...
- IPOs have boosted the performances of Arab financial markets in May 2022, increasing the value of overall trading to nearly $107.22 billion.
- The Beirut Stock Exchange topped Arab exchanges in terms of market capitalization gains with an increase of 39.50 percent.
Economy
FAO predicts increase in global food bill in 2022
FAO predicts the global food import bill would rise by $51 billion compared to 2021, of which $49 billion would...
- FAO says global food import bill may reach a new record of $1.8 trillion in 2022
- It says global production of main cereals would decline in 2022 for the first time in four years
Economy
Abu Dhabi, China’s Shandong to enhance cooperation
Abu Dhabi, China’s Shandong agree to work towards boosting investment opportunities
- The MoU aims to enhance industrial cooperation, facilitate delegation visits, investor meetings
- It seeks to organize entrepreneurship, management consultancy training programs between companies
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
Saudi Arabia’s air defense commander examines Russia’s S-350, S-400 systems
RIYADH, SAUDI ARABIA – The Commander of the Royal Saudi Air Defense Force Lieutenant-General Mazyad bin Suleiman Al-Amr has inspected...
Geostrategy
Company News
Emaar 9M revenue at US$5.1bn
Business
Latest News
TAQA posts 53% income rise
Business
Chinese flags flutter in Saudi capital as Xi visits kingdom for first time since 2016
Riyadh, Saudi Arabia---The Saudi capital was bedecked with Chinese flags ahead of President Xi Jinping's visit on Wednesday that is...
Geostrategy
AD Ports Group, Africa Finance Corporation sign collaboration agreement
Abu Dhabi, WAM---AD Ports Group has signed a collaboration agreement with the Africa Finance Corporation (AFC), an infrastructure solutions provider...
Business
CBUAE imposes financial sanction on UAE exchange house
The financial sanction, amounting to AED1,925,000 ($524,166) followed the findings of an examination conducted by the CBUAE.
Economy
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Economy
S&P Global says Egypt non-oil businesses contract in November
Cairo, Egypt—Egypt’s non-oil businesses have shown a contraction in November, resulting in output falling at the sharpest rate since the...
- Egypt’s Purchasing Managers’ Index fell from 47.7 in October to 45.4 in November — the second lowest since June 2020.
- According to S&P Global, Egypt’s purchase price inflation hit a 52-month high, leading 42 percent of surveyed firms to report a rise in total input costs over the month
Economy
Jordan’s ‘New City’ project to create 90,000 jobs: Govt
The project is part of the state's economic vision and aims to accommodate the population increases in Amman and Zarqa.
- The project is part of the state's economic vision and aims to accommodate the population increases in Amman and Zarqa
- The goverment hopes to start implementing the project in 2025, ending the first phase in 2033
Economy
Dubai ruler evinces support for global economic growth
Reiterating Dubai's resolve to work in collaboration with its global partners, Ruler of Dubai Sheikh Mohammed bin Rashid Al Maktoum...
- He spoke while touring the 43rd edition of the Big 5, the largest and most influential construction event in the Middle East, Africa and South Asia, at the Dubai World Trade Centre
- More than 2,000 participants from 60 countries are participating in the event, which includes 20 national pavilions