ADDED, Siemens Energy to support sustainable industrial development in Emirate
ABU DHABI, UAE - Abu Dhabi Department of Economic Development (ADDED), represented by Industrial Development Bureau (IDB), and Siemens Energy...
Economy
TAQA, GS Inima and EWEC seal deal
Abu Dhabi's Shuweihat 4 desalination project secures $444 million.
Business
Business
Ajman Chamber certificates of origin rise by 29 percent in 2021
The total number of certificates of origin issued by the Ajman Chamber of Commerce and Industry (ACCI) during 2021 increased...
- The products of ships and boats ranked first in the exports from Ajman, while fish products came in the second rank.
- Ajman's exports to the top 10 countries during 2021 constituted about 65 percent of the total value of exported goods.
Business
MENA region saw $2.88bn startup investment in 2021: Report
The report also claimed that the value of early-stage deals for startups in the region doubled from 2020 to 2021.
- Startups based in the UAE attracted the highest value and number of investment deals in 2021
- Saudi Arabia continued to hold the second position in value of deals, followed by Egypt and Jordan
Business
Iconic GCC TOP CEO event in May
The event, along with the Arab Women Forum, will be held at Palazzo Versace, Dubai, on May 17 and 18,...
- Arab Women Forum, a platform to discuss achievements and share solutions for the women leaders of the region, is also making a comeback along with TOP CEO Conference and Awards
- The TOP CEO awards are based on the rankings of all GCC-listed companies based on financial performance, size of a company, and corporate governance
Business
Booking volumes up 195% YoY for Eid, says dnata Travel
The top five most-booked destinations this year so far with dnata Travel include the Maldives, the UAE itself, Turkey, Mauritius,...
- This year, 65 percent of UAE travelers opted for worldwide destinations, while 35 percent chose staycations, according to dnata
- This is compared to 68 percent of travelers booking UAE staycations and 32 percent seeking international holidays in 2021
Business
TA’ZIZ, Reliance ink pact
TA’ZIZ taps Indian conglomerate for Ruwais project.
- Reliance is India’s largest diversified conglomerate and a strategic partner with Abu Dhabi National Oil Company
- The formal shareholder agreement was signed by senior executives during a visit of Mukesh Ambani, Chairman and Managing Director of Reliance
Economy
India launches outreach programmes on UAE-India CEPA pact
The CEPA was signed in New Delhi on February 18 in the presence of Crown Prince of Abu Dhabi Mohamed...
- The CEPA was signed in New Delhi on February 18 in the presence of Crown Prince of Abu Dhabi Mohamed bin Zayed Al Nahyan and Indian Prime Minister Narendra Modi
- The first in a series of countrywide outreach programmes was held in Hyderabad in India this week, organised by the Government of Telangana state
Business
Saudi Arabia lifts ban on poultry and eggs from Denmark
Saudi Arabia had stopped the imports as reports of avian influenza, or bird flu, emerged from across the world.
- Food products have a significant role in Denmark’s economy
- Two-thirds of his country’s exports are mainly food products
Economy
Turkey partially lifts COVID-19 mask mandate
The move follows similar actions by European countries, which lifted the mask mandate partially or entirely.
- Mask use would still be in place in mass transit and hospitals
- It would go when the number of daily cases ‘drops below 1,000’
Business
Dubai Chamber adds 10,000 new companies as members in Q1
More than 10,000 companies joined Dubai Chamber of Commerce as members during the first quarter of 2022, marking a 64...
- Member exports and re-exports saw 11.3 percent growth over the same period last year, while their value reached AED 61 billion.
- The number of certificates of origin issued by the Chamber during the first quarter of this year amounted to 178,654 certificates, a growth of 7.1 percent from 2021.
Business
Jordan and UAE groups join hands to develop beach project
Jordan Free and Development Zones Group Director Arwa Hiyari said the beach project is aimed at diversifying tourism.
- The project features a tourism camp housing restaurants, swimming pools and top-notch chalets of different sizes.
- The project will also provide new services for Dead Sea visitors and create job opportunities, an official said.
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ADDED, Siemens Energy to support sustainable industrial development in Emirate
ABU DHABI, UAE - Abu Dhabi Department of Economic Development (ADDED), represented by Industrial Development Bureau (IDB), and Siemens Energy...
Economy
Company News
Latest News
Ibn Khaneen: First Saudi driver to compete in FIA WTCR 2022 series
He will become the 91st driver to race in the WTCR. He will drive an Audi RS3 with Comtoyou Team...
Abu Dhabi’s GDP expands 11.2% in the first half of 2022: SCAD
The quarterly GDP growth rate reached its highest value in six years during the second quarter of 2022.
Business
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Arts & Culture
UAE’s role in reconstruction of Mosul Heritage: Hope and will win over zealotry and exclusivism
"The revival of Mosul's heritage will reveal that the only way to live together is by believing in diversity as...
- Initially, the UAE’s contribution to the rebuilding of the cultural heritage of Mosul was about restoring and reconstructing landmarks, such as the Al-Nouri Mosque and its minarets
- A year later, the UAE and UNESCO renewed their collaboration to include support for the reconstruction of Al-Tahera Church and the Al-Saa Church, both built in the 19th century
Economy
ADAFSA launches first livestock auction market in Abu Dhabi
ABU DHABI, UAE - The Abu Dhabi Agriculture and Food Safety Authority (ADAFSA) has announced the launch of the first...
- Other auctions will be organized regularly to enable livestock breeders directly sell their camels to the public.
- The permanent livestock auction market will serve as a destination for those interested in buying camels, cattle and rare animals.
Geostrategy
FNC’s UAE-EU friendship groups meets with Czech parliament
PRAGUE, CZECH REPUBLIC - Members of the UAE-EU Parliamentary Friendship Group of the Federal National Council (FNC), headed by Sarah...
- The meeting discussed the importance of strengthening the cooperation between the two parliaments.
- The two parliamentary groups discussed ways of improving the relations between them.