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
Schneider Electric, Charge&Go ink pact
The aim is to develop EV charging facility in the UAE.
Business
Economy
Qatar Central Bank strategy for FinTech to boost sector
Qatar Central Bank is working on designing a new strategy for financial technology and intends to launch it during the...
- Qatar Central Bank is working on the new strategy for financial technology and intends to launch it at the last quarter of 2022
- QCB is creating the necessary infrastructure to enable banks to approve payments from digital wallets
Business
ADX and nine listed companies to attend investors meet in London
Abu Dhabi Securities Exchange (ADX) and nine ADX-listed companies will meet major institutional investors in London on June 9 and...
- The delegation includes over 25 CEOs, CFOs and senior executives from ADNOC Distribution, ADNOC Drilling, Abu Dhabi Islamic Bank, Agthia and others.
- ADX said it will showcase its progress in its strategy to significantly increase liquidity and market capitalization.
Economy
Commercial marinas to issue yacht sailing permits in KSA
Some commercial marinas in Saudi Arabia would be allowed to issue yacht sailing permits which would help develop cruises in...
- Yacht sailing permits would help in developing and facilitating cruises in the Kingdom’s territorial waters
- The initiative would ensure support for tourism development and enhance employment in the sector
Business
Saudi Arabia, Spain to strengthen partnerships in sustainable tourism
Spain’s experience and expertise in tourism has already helped Saudi Arabia and more Spanish businesses will hopefully join the leading...
- Saudi Ministry of Investment of Saudi Arabia (MISA) on Sunday hosted a Spanish investment forum.
- The forum took place on the sidelines of the 116th session of the United Nations World Tourism Organization in Jeddah.
Business
Financial inclusion enables access to health, education: Study
The study stresses the need for digitally delivered financial inclusion; and for using this as a platform to distribute health...
- A Mastercard study stresses the need for digitally delivered financial inclusion; and for using this as a platform to distribute health and education services to the masses
- Mastercard, the study reveals, has brought 500 million excluded individuals into the digital economy in 2020 and will include 500 million more by 2025
Business
Multiply added to FTSE GEIS
The inclusion will come into effect on June 20
- FTSE GEIS is part of the FTSE Russell, a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide
- It also provides a robust global equity index framework and includes over 16,000 large, mid, small and micro-cap securities across 48 developed and emerging markets globally
Economy
UAE President orders completion of AED2.3bn housing project
Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, said that all housing grant applications will be processed in...
- All housing grant applications will be processed in the next five years, says UAE's Minister of Energy and Infrastructure Suhail bin Mohammed Al Mazrouei
- It includes housing grant applications submitted by applicants who are eligible under the Programme's terms and conditions, the minister adds
Business
Masdar of UAE to develop 4,000 MW of clean energy in Azerbaijan
Masdar has signed an agreement with Azerbaijan to develop clean and renewable energy projects in the country with a combined...
- As per the agreement, 4,000 MW will be generated in the first phase, while the second phase will generate 6,000 MW
- Masdar will develop solar projects with a capacity of 1,000 MW and 1,000 MW of onshore wind
Business
EDB to take part in Bonds, Loans & Sukuk Middle East
Emirates Development Bank (EDB) will participate in Bonds, Loans & Sukuk Middle East, the region’s largest gathering for the corporate...
- EDB will use the platform to engage with stakeholders in the investment and development community
- The bank is the first federal entity to be issued ratings by S&P and Fitch
Economy
SALIC gets Saudi Grains Organization contract to supply wheat
The amount awarded represents 20 percent of the total allocated to investors abroad, Governor of SAGO, Ahmad Al-Fare said.
- The SALIC, owned by the Public Investment Fund, was established in 2011 to secure food supplies for the Kingdom
- The amount awarded represents 20 percent of the total allocated to investors abroad, Governor of SAGO, Ahmad Al-Fare said
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
Company News
‘Culture is prerequisite for peace in the world’
Arts & Culture
Latest News
Ma’aden plans to become one of the top ten global aluminium producers
Key executives from Ma’aden’s aluminum and smelter department participated in the three-day conference Arabal 2022 in Cairo.
Business
GCC IPOs resilient to volatility hurting other markets
Various IPOs raised nearly $4.8 billion in the GCC in the first five months of 2022 alone, which was higher...
Business
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Business
IATA says global passenger demand for air traffic growing
Geneva, Switzerland— Total global air traffic has shot up 44.6 percent in October as against October 2021, according to the...
- Total traffic in October 2022 (measured in revenue passenger kilometers or RPKs) rose 44.6 percent compared to October 2021
- Domestic traffic for October 2022 slipped 0.8 percent compared to the year-ago period as stringent COVID-related travel restrictions in China dampened global figures
‘UAE launching 4 products of advanced digital currencies in 2023’
The Advanced Technology Research Council, Faisal Al Bannai said, has 6 main research areas, including health, food, transportation and space...
- The Advanced Technology Research Council, Faisal Al Bannai said, has 6 main research areas, including health, food, transportation and space sector
- The council is one of three centres established to support and develop space capabilities and talents in cooperation with space agencies and strategic partners
Geostrategy
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.
- Sheikh Mohamed and President Herzog confirmed the importance of boosting UAE-Israel cooperation in the space sector
- The two leaders discussed areas of collaboration between the UAE and Israel and the promotion of progress and stability across the region