CBUAE cancels license of First Insurance Brokers Company
ABU DHABI, UAE - The Central Bank of the UAE (CBUAE) has cancelled the license of First Insurance Brokers Company...
Geostrategy
Economy
56% decline in traffic accident deaths in Q1 of 2022: Sharjah Police
The Director of Traffic and Patrols Department of Sharjah Police (SP), Lt. Col. Mohammed Alai Al Naqbi attributed the success...
- The Director of Traffic and Patrols Department of Sharjah Police (SP), Lt. Col. Mohammed Alai Al Naqbi attributed the success to traffic campaigns
- He explained that the "Be careful and drive with caution" campaign, which was launched in February 2022, showed a decrease in the road fatality rate
Business
Aramco, Etisalat top list of GCC’s valuable firms
Although the last several months have been hard for listed businesses in the Middle East, yet many have defied the...
- The banking and financial services sector has seen its worth grow much more than other sectors
- Still, individual companies like Aramco of Saudi Arabia and Etisalat of UAE are by far the most valuable companies in the region
Geostrategy
Saudi presidency of ARADO Executive Council renewed for 2022-24
The General Assembly of the Arab Administrative Development Organization (ARADO) renewed the presidency of Saudi Arabia for the organization's Executive...
- The renewal came at ARADO's 57th session held on May 19, 2022, at the organization's headquarters in Cairo,.
- The memberships of the UAE, Sudan, Oman, Kuwait, Egypt, and Morocco were renewed.
Economy
Renewables, wind power, EVs to check climate change
Mitigate the carbon footprint of every other alternative energy that we’re going to develop, says Occidental Petroleum chief Vicki Hollub...
- Mitigate the carbon footprint of every other alternative energy that we’re going to develop, says Occidental Petroleum chief Vicki Hollub
- The world does not need to choose between an energy crisis and a climate crisis, says International Energy Agency Executive Director Fatih Birol
Business
Nayifat CEO resigns
Al-Sowailem resigned due to “personal circumstances."
- Al-Sowailem held the position of managing director and has resigned from his membership in the board of directors and committees
- The company said it will announce any further developments relating to the appointment of a new or acting CEO at the earliest opportunity
Geostrategy
WEF: UAE eyes end to global hunger through innovation
Beside the UAE, other GCC countries that have sent delegations to the Davos forum include Saudi Arabia, Qatar, Bahrain and...
- Beside UAE, the other GCC countries that have sent delegations to the World Economic Forum include Saudi Arabia, Bahrain and Qatar to put their perspectives on contemporary issues.
- The forum’s first in-person Annual Meeting in more than two years is being attended by the world’s top leaders from politics, business, civil society, academia, media and the arts.
Business
Sharjah Consultative Council reviews plans to promote private sector
The Financial, Economic and Industrial Affairs Committee of the Sharjah Consultative Council (SCC) reviewed its strategic plans to promote the...
- Saif Mohammed Al Midfa, Chairman of the Council’s Financial, Economic and Industrial Affairs Committee, praised exhibition industry's achievements.
- He said the council looked forward to enhancing the reputation of Sharjah as a regional hub for prospective investments.
Arts & Culture
Qatar all set to successfully begin the FIFA World Cup : Official
Qatar is ready for the launch of a safe and exceptional tournament, the Head of the FIFA World Cup Qatar...
- The World Cup Security officer Al-Mohannadi said all the preparations indicates that the World Cup is a step away from starting.
- He said all the countries participating in the World Cup were invited to cooperate with the International Police Cooperation Center.
Geostrategy
Winners for Kuwait’s municipal council polls announced
The winners for the 13th Legislative session in Kuwait's eight constituencies were announced Saturday on Kuwait State Television. The Judges...
- The Judges announced 10 winners and members of the new municipal council.
- All the 10 winners will be granted a membership of four years in municipal council.
Business
DEWA research facility registers patent for drone charging system
Dubai Electricity and Water Authority’s (DEWA)’s Research & Development Centre has registered a new patent for an Unmanned Aerial Vehicles...
- The system enables continuous charging for UAVs, providing longer flying hours with a large storage capacity.
- DEWA said the system can be used for government, military, commercial, and personal operations.
Most Read
Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
Company News
Flydubai scales up flights
Business
Latest News
Natural disaster losses hit US$115 bn this year, says Swiss Re
GENEVA, SWITZERLAND - Natural catastrophes have caused an estimated US$115 billion of insured losses in 2022 to date, driven by...
Science
Singapore has highest number of crypto job openings
Luxembourg has the second highest rate at 55.59 crypto jobs per million people.
Business
Gulf countries seek to procure India’s BrahMos missile
Reports said that the UAE’s discussions with the Indian government to procure BrahMos are already in advanced stages.
Business
Most Read
Arts & Culture
Muslim World League, Columbia University launch International Religions Lab
The lab will be a global platform for research and training in protecting societies from all forms of hatred.
- The lab will be a global platform for research and training in protecting societies from all forms of hatred
- Secretary General of the MWL Dr Al-Issa said it was important to create a world of more understanding, cooperation and peace
Business
DMCC signs agreement with Poland’s KSEZ to boost business ties
Dubai, UAE— Dubai Multi Commodities Centre (DMCC) has signed an agreement with the Katowice Special Economic Zone (KSEZ) to create...
- The agreement will see DMCC and KSEZ work closely together to exchange knowledge and professional expertise, in turn further connecting the two countries’ business communities
- DMCC has played a significant role in enhancing UAE-Poland commercial relations and is currently home to over 40 leading Polish businesses
Business
Strata announces new collaboration with Pilatus
The amended framework agreement with the leading Swiss aircraft manufacturer is set to further cement the collaboration between Pilatus and...
- The amended framework agreement with the leading Swiss aircraft manufacturer is set to further cement the collaboration between Pilatus and Strata
- Strata’s operations for Pilatus will be extended to feature 3 WPs for Pilatus PC-12 and PC-24, crafted with Strata’s signature use of Carbon Fiber