Number of millionaires in BRICS likely to rise by 85 percent in 10 years, says report
DUBAI, UAE - The total investable wealth currently held in the BRICS bloc amounts to US$45 trillion and its millionaire...
Business
Business
Saudi authority to hold real estate auctions in Riyadh, Madinah
Saudi Arabia's Center for Attribution and Liquidation, or Infath, has said that between June 7 and 15, it will be...
- The Center for Attribution and Liquidation, or Enfath, will hold these auctions between June 7 and 15 in attendance and online.
- Auctions display 117 real estate assets, including commercial, residential, and agricultural lands, villas, and commercial and residential buildings.
Business
ACWA Power inks deal for Layla PV Solar project worth $107m
Saudi ACWA Power Co. has signed a power purchase agreement with Saudi Power Procurement Co. for the Layla PV Solar...
- The company won the contract for submitting the lowest bid of 11.2 halala/KWh
- ACWA Power will develop, construct, and operate Layla PV Solar IPP, a plant located in Riyadh
Business
UAE is determined to disrupt organized crime: Minister of Justice
A day after the arrest of a British national in Dubai over a $1.7 billion dividend tax fraud case in...
- For the past two years UAE authorities have worked closely with their Danish counterparts to compile a strong body of evidence in this case
- The UAE’s commitment to collaboration is also symbolized in the general extradition treaty signed with Denmark in March 2022
UAE an example of environmental commitment: Almheiri
The UAE leads the region’s response to climate change and effectively participates in stepping up collective climate action, says Environment...
- UAE has placed environmental protection at the heart of its development strategy, says Environment Minister
- UAE has made distinctive contributions to international efforts to tackle climate change, says Almheiri
Science
Building confidence, security in ICT sector fetches Qatar key global award
Qatar participated in the forum as a golden strategic partner, where it reviewed its strategy in the field of digital...
- Qatar won the Ministry of Communications and Information Technology "Heroes" award
- Qatar's project outperformed 5 other projects that were submitted into the competition
Business
Dubai Airports to divert 60% of DXB’s waste from landfills
Dubai Airports new waste management program will prevent 60 percent of all waste from entering landfills by the middle of...
- A food waste management plan has been created jointly by Dubai Airports’ and its partner BEEAH Group
- The waste treatment plan is expected to compost over 2,000 tonnes of food waste annually across Dubai International premises
Economy
Oman, Iran sign deals on oil field, two gas pipelines along maritime border
The two countries signed deals to develop two gas pipelines and an oil field along their maritime border, Oman's energy...
- The two sides have signed memoranda of understanding concerning oil and gas, but did not provide details
- A deal was reached about two decades ago to allow Iran to supply Oman with gas, but the project never materialised
Economy
Qatar’s Ministry of Labor launches package of electronic services
Qatar's Ministry of Labor says the new electronic services will streamline procedures and ensure better quality of services
- Qatar's Labor Ministry unveils electronic services for enhancing digital transformation and automation
- The electronic services will speed up transactions and streamline procedures, says Labor Ministry
Arts & Culture
UAEU initiates research program to support scientific activities
The funding for each project ranges from AED 250,000 for literary, social, and humanities proposals to AED 400,000 for other...
- The initiative aims to support scientific research and empower faculty members to achieve distinction in scholarly activities
- The university is likely to support the dissemination of the outcomes of research projects at international conferences
Economy
Food prices fall in May after hitting record high in March, cereal production may drop
World food prices dipped in May for a second consecutive month after hitting a record high in March, although the...
- FAO says world food prices dipped in May for a second consecutive month although the cost of cereals and meat rose
- Global cereal production would drop in the 2022-23 season for the first time in four years, says FAO
Number of millionaires in BRICS likely to rise by 85 percent in 10 years, says report
DUBAI, UAE - The total investable wealth currently held in the BRICS bloc amounts to US$45 trillion and its millionaire...
Business
Company News
PIF to sell Tadawul stake
Business
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FTX goes bankrupt in US
Business
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
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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