Schneider Electric, Charge&Go ink pact
The aim is to develop EV charging facility in the UAE.
Business
Vodafone Qatar 2023 profit up
The 2023 net profit of Vodafone Qatar increased to $148 million.
Business
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
Geostrategy
Restrictions on single-use plastics begin in Abu Dhabi
Restrictions on single-use plastic bags took effect in the United Arab Emirates capital Abu Dhabi Wednesday, as part of its...
- There are exemptions for medicine bags, bag rolls for produce in supermarkets, rubbish sacks and large brand name shopping bags.
- Dubai, one of the seven other emirates that make up the UAE, has also announced it is ending the free provision of single-use plastic bags.
Schneider Electric, Charge&Go ink pact
The aim is to develop EV charging facility in the UAE.
Business
Company News
Air Arabia Q3 net profit $113m
Business
Latest News
Jordan and Algeria renew pledge to boost economic ties
Algiers, Algeria— Jordan's King Abdullah and Algeria President Abdelmadjid Tebboune have stressed the importance of bolstering ties between the two...
Geostrategy
EU spent €11.8 billion on imports of non-plug-in hybrid cars in 2021
Exports of non-plug-in hybrid cars were valued at €22.9 billion, which was more than half of the total extra-EU exports...
Business
UAE secured 40% of Japan’s crude oil needs in October
94.7 percent of 84.58 million barrels imported by Japan originated from five Arab countries: UAE, Saudi Arabia, Kuwait, Qatar, Bahrain...
Economy
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Arts & Culture
World Cup without booze makes atmosphere less aggressive, more family friendly
Some say the absence of booze in stadiums and its limited availability elsewhere in the Arab nation has detracted from...
- The sale of alcohol at World Cup stadiums in Qatar was banned two days before the tournament in a policy U-turn, although it is available at fan zones and most international hotels
- And matches particularly involving teams from South America and North Africa have still played out in front of electric atmospheres.
Business
Saudi Arabia joins Madrid-based International Olive Council
Madrid, Spain---Saudi Arabia has joined the International Olive Council (IOC), a UN affiliated intergovernmental organization aimed at developing and expanding...
- The council is a UN affiliated intergovernmental organization aimed at developing and expanding olives and olive oil trade.
- The Council also encourages the member countries to develop and modernize commercial standards for products and improve their quality.
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...
- The company will sell nearly 30 percent of its share capital to individual and institutional investors, which translates into 50.045 million shares, and list on the Saudi Exchange.
- In a Tadawul filing, Luberef said the price range for the offering has been set between SAR 91 and SAR 99 per share.