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
Australian businesses in UAE grew six fold since 2004: Governor General
Australian businesses in the UAE grew six fold and the number of Australians in the Emirates nearly four fold since...
- The number of Australians rose from 4,000 in 2004 to around 15,000 in 2022, said David Hurley.
- Wollongong University opened the first Australian international university in Dubai and other universities followed the suit, he said.
Business
Dubai sees increased trade through commercial wooden dhows in Q1
Dhows coming from outside the country have been given direct access to local markets, including through Deira Wharfage and Al...
- Dhows coming from outside the country have been given direct access to local markets, including through Deira Wharfage and Al Hamriyah Port.
- This has been done to implement the directives of Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai
Business
Airports enhancing technology to thwart threats: Brigadier Alameri
In the face of security threats, airport authorities are enhancing technology-based end-to-end solutions in order to detect and mitigate security...
- Brigadier Alameri said, "technology and old methods like K9 are playing key role in security and detection of explosives or drugs around the airports
- Buti Ahmed Qurwash, Vice President Security, Dubai Airports, focused on the recent critical development in airport security that are being rolled out across airports globally
Economy
Saudi Arabia elected head of ICAO’s Regional Aviation Safety Group
The election took place during the ninth session of the group’s meetings hosted in Riyadh from February 14-17.
- The election took place during the ninth session of the group’s meetings hosted in Riyadh from February 14-17
- The Middle East Regional Aviation Safety Group (RASG-MID) aims to develop an integrated data-driven strategy
Business
Abu Dhabi National Oil Company announces three new oil finds
Abu Dhabi-based group said the 500 million barrels of oil were discovered at Bu Hasa, Abu Dhabi's largest onshore field.
- Abu Dhabi-based group said the 500 million barrels of oil were discovered at Bu Hasa, Abu Dhabi's largest onshore field
- The second oil find was in Abu Dhabi’s Onshore Block 3, operated by Occidental, with around 100 million barrels of oil in place
Economy
Dubai Customs launches ‘Training Doses’ initiative
The initiative will also help in consolidating controls and combat all customs violations, including smuggling.
- The initiative will also help in consolidating controls and combat all customs violations, including smuggling
- The Training Doses initiative is in line with Dubai Customs’ strategic plan, which focuses on developing human cadres
Business
IEA calls on G7 to be ‘first movers’ in lowering CO2 emissions
The International Energy Agency (IEA) has said that G7 economies are well placed to be first movers on driving down...
- The IEA believes that the richest nations can set out a path for the rest of the world for this essential part of the transition to clean energy systems
- G7 members account for around 40% of the global economy, 30% of energy demand and 25% of energy system CO2 emissions
Economy
Egypt raises overnight interest rates to tame inflation
In order to tame soaring prices in the country, the Central Bank of Egypt has raised its overnight interest rates...
- The bank’s Monetary Policy Committee increased the deposit rate to 11.25 percent from 9.25 percent and the lending rate to 12.25 percent from 10.25 percent
- Prices were pushed up in part by a currency depreciation and higher wheat prices after the Ukraine crisis, the statement added
Business
Smart money is in video games, Web3: Futurist at TOP CEO event
Raford contended that people should invest in video games, as it is the only successful digital economy so far.
- Raford contended that people should invest in video games, as it is the only successful digital economy so far
- The metaverse, he said, has extraordinary potential and Dubai is moving rapidly to take advantage of it
Arts & Culture
Solar ACs to help FIFA players, fans chill in Qatar
The state-of-the-art air conditioning will become the norm for mega sports events, says Saud Abdulaziz Abdul Ghani who worked for...
- The cooling system, being used in the Qatar's World Cup stadiums, is 40 percent more "sustainable" than existing techniques, say World Cup organizers
- The solar-powered cooling system will keep the players and turf healthy and even eliminate body odour in a packed stadium, says 'Dr Cool'
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
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GAL signs MoU with GMF
Business
Saudi Arabia inks MOU with Spanish company to build combat ships
The agreement was signed in presence of Saudi Defence Minister Prince Khalid bin Salman and Spanish Minister of Industry, Trade...
Geostrategy
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.
Arts & Culture
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...
Business
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Business
Cameroon has great potential for investment in prospective sectors, says UAE minister Al Zeyoudi
Some companies are already discussing investment opportunities with Cameroon, including DP World that aims to manage some ports in Cameroon...
- The UAE is one of the most significant investors in Africa, especially in sectors such as infrastructure, food security, renewable energies and communications
- The UAE's Minister of State for Foreign Trade Dr Thani bin Ahmed Al Zeyoudi is leading an Emirati delegation of business and investment leaders in Cameroon
Economy
US economy rose 2.9% in Q3, more than early report
The US economy grew more than initially reported in the third quarter this year, with government data released Wednesday reflecting...
- It has been the first GDP expansion this year, after two quarters of negative growth that deepened fears of a recession in the world's biggest economy
- The pick-up came days before midterm elections in the United States, in welcome news for President Joe Biden, but analysts have cautioned of a less rosy path ahead
Economy
ZATCA extends period of exemption of penalties for Saudi taxpayers
Saudi Arabia's Zakat, Tax and Customs Authority has extended the period of Cancellation of Fines and Exemption of Penalties Initiative...
- Saudi Arabia's Zakat, Tax and Customs Authority has extended the period of Cancellation of Fines and Exemption of Penalties Initiative for taxpayers
- Penalties included in the ZATCA initiative cover exempting taxpayers from late registration in all tax systems, late payment of fines, etc