Dubai real estate market records $925 million in daylong transactions
Dubai, UAE -- Dubai's real estate market recorded 510 sales transactions worth AED1.36 billion on Tuesday, in addition to 210...
Business
Qatar real estate trading volume reaches US$91m between January 7-11
DOHA, QATAR - The volume of real estate trading in sales contracts at the Department of Real Estate Registration at...
Business
Business
Kuwait crude oil export to Japan climbs 7.6% to 6.61m barrels
Kuwait's export of crude oil to Japan has climbed 7.6 percent to 6.61 million barrels, or 220,000 barrels per day...
- Kuwait overtook Qatar to become Japan's third-biggest oil provider last month
- Japan's overall imports of crude oil grew 9.9 percent year-on-year to 2.92 million bpd, up for the ninth month in a row
Business
dnata to invest $100m in green ops
dnata, global air and travel services provider, announced that it would invest $100 million in green operations in the next...
- The company’s ongoing investment in infrastructure, equipment and process improvement will support it to achieve its strategic objectives.
- The company said it aims to reduce its carbon footprint by 20 percent by 2024, and by 50 percent by 2030.
Business
AFZ e-commerce grows 45 percent
The Free Zone announces this at Seamless Middle East 2022.
- AFZ said the growth can be attributed to the authority's diverse set of offerings, primarily warehouse solutions and the evolving e-commerce sector in the UAE.
- The dedicated logistics cluster also benefits e-commerce businesses by providing access to end-to-end warehousing capabilities, AFZ said.
Economy
Qatar launches Advanced Manufacturing Hub in partnership with WEF
The cooperation seeks to transform Qatar into an advanced economic and industrial hub by enhancing its international connections network.
- The cooperation seeks to transform Qatar into an advanced economic and industrial hub by enhancing its international connections network
- Qatar's AMHUB is one of 13 platforms that were launched by WEF all over the world whose aim is to enhance the future of the industrial sector internationally
Business
Demand for garments, footwear stagnant in Jordan
Asaad Qawasmi, the Jordan Chamber of Commerce's representative for the apparel, fabrics, footwear, and jewelry sector, said that demand has...
- Asaad Qawasmi, the Jordan Chamber of Commerce's representative for the apparel, fabrics, footwear, and jewelry sector, said that demand has plateaued since the Eid Al-Fitr
- He expressed optimism that the market was expected to improve in about three weeks from now with the return of expats and visitors for the summer break
Science
UAE to chair Committee on Peaceful Uses of Outer Space
The UAE has been chosen to lead the Committee on The Peaceful Uses of Outer Space (COPOUS) out of 100...
- COPOUS is one of the largest UN committees playing a major role in governing the exploration and use of space
- The Committee is part of The United Nations Office for Outer Space Affairs (UNOOSA), and reports to the Fourth Committee of the General Assembly
Economy
Jordan’s Petra sees 86,000 visitors in May 2022
The figures showed that 60,640 of the visitors were of foreign nationalities, while 25,670 were of Arab and Jordanian nationalities.
- The figures showed that 60,640 people of visitors were of foreign nationalities, while 25,670 were of Arab and Jordanian nationalities
- In comparison, a total of 87,622 people visited the city in May 2019, 81,268 of which were foreigners and 4,873 were Arabs and Jordanians
Queen Elizabeth celebrates 70th year on throne
Queen Elizabeth II's Platinum Jubilee celebrations will be only the ninth such celebration by a British monarch since King George...
- Both she and Queen Victoria, who ruled from 1837 to 1901, have had silver, golden, and diamond events to mark their 25th, 50th, and 60th years as monarchs
- Elizabeth is the only one to celebrate her 70th year on the throne
Business
EDB to provide financial support to SMEs, startups in free zones
The Emirates Development Bank (EDB) has teamed up with the Hamriyah Free Zone in Sharjah and the Sharjah Airport International...
- EDB will offer its range of financial solutions to SMEs and start-ups in Hamriyah Free Zone and SAIF, including capex financing for expansion or facility upgrades
- Al Mazrouei noted that the Emirates Development Bank is an important national institution, providing financing and banking solutions for a critical segment of the national economy
Economy
UAE, Kyrgyzstan deepening economic cooperation: Al Marri
Al Marri said that the non-oil trade exchange between the two countries was valued at over US$828 million in 2021.
- Al Marri said that the non-oil trade exchange between the two countries was valued at over US$828 million in 2021
- The UAE accounts for 98 percent of Kyrgyzstan’s total trade with the Gulf Cooperation Council
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Dubai real estate market records $925 million in daylong transactions
Dubai, UAE -- Dubai's real estate market recorded 510 sales transactions worth AED1.36 billion on Tuesday, in addition to 210...
Business
Company News
Latest News
Agthia’s profit rises by 14%
Business
Saudi Aramco subsidiary Luberef expects to raise $1.32 bn from IPO
Dubai, UAE---Luberef, a subsidiary of Saudi oil giant Aramco, expects to raise up to SAR 4.95 billion ($1.32 billion) from...
Business
Jordan, India explore economic cooperation
AMMAN, JORDAN - Jordan's Minister of Investment Kholoud Saqqaf on Sunday received Indian ambassador in Amman Anwar Haleem for a...
Geostrategy
Herzog becomes first Israeli president to visit Bahrain
Israeli President Isaac Herzog arrived in Bahrain, the first visit by an Israeli head of state to the small Gulf...
Geostrategy
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Business
RTA to develop truck rest stops in partnership with ADNOC, Almutakamela
Dubai, UAE---Dubai’s Roads and Transport Authority (RTA) has awarded contracts for constructing three all-inclusive Truck Rest Stops in partnership with...
- The three stops that will be built over a total area of 226,000-sq meters can accommodate 500 trucks and heavy vehicles.
- The three stations are situated in key areas nearby key roads and logistical cities that witness considerable numbers of trucks every day.
Geostrategy
Jordan and Egypt agree to expand bilateral relations
Cairo, Egypt—King Abdullah of Jordan and Egyptian President Abdel Fattah El Sisi have expressed desire to further expand bilateral relations...
- During the meeting, held at Al Ittihadiya Palace, both leaders expressed pride in the ties between the two countries and keenness to bolster relations
- Talks also covered the latest regional and international developments, with both sides stressing the need to maintain coordination and consultation on issues of mutual concern
Arts & Culture
Innovation key to fairer world for people of determination, says UN chief António Guterres
Innovation and technology can be powerful tools for inclusion, enhancing access to information, education, and lifelong learning, opening new avenues...
- Greater public-private sector collaboration is needed, in order to develop strategies that benefit people of determination, who should also be involved in their development
- Innovation and technology can be powerful tools for inclusion, enhancing access to information, education, and lifelong learning for people of determination, says UN chief