UAE, Kazakhstan sign MoU to combat financial crimes
ASTANA, KAZAKHSTAN – UAE and the Republic of Kazakhstan signed an agreement to enhance bilateral cooperation in the combating of...
Geostrategy
Business
Ekar kicks off car rentals in KSA
A person can rent out his vehicle on the ekar platform.
- Ekar’s entire process of renting vehicles is contactless, as the rented cars will be activated through an app, which unlocks the vehicle, while the keys are inside the car
- This feature aims to reduce the chances of theft and unauthorized access
Business
Dubai Logistics City Customs Centre clears goods worth $435m in Q1
Dubai Logistics City Customs Centre completed 48,000 transactions and cleared goods valued at AED 1.6 billion in the first quarter...
- The Centre facilitates processes and operations of companies and traders.
- In particular, the Centre handles the shipments of the International Humanitarian City, the largest humanitarian logistics centre in the world.
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Grocery apps reap Ramadan benefits
Grocery apps are witnessing a busy period during the Holy Month as scorching summer persuades customers to remain indoors while...
- More than two years of the Covid-19 pandemic have led to a rise in the adoption of personal electronic devices
- This itself has led to a change in people’s behavior, especially when it comes to entertainment and ecommerce
Business
Jordan’s electricity linkages with neighbors on track
NEPCO Director Amjad Rawashdeh has called the linkages a model for Arab countries.
- Work is underway to double the electric power exported to the Palestinian Jerusalem Electricity Grid through the Al Ram Electrical Station
- The move is expected to raise the volume from the current 40 MW to 80 MW, according to an agreement signed by the two sides
Business
Investcorp may buy AC Milan
The Bahrain-based firm looking to spend around €1 billion.
- Italian Serie A team AC Milan is a seven-time European soccer champion
- It was once owned by the country’s former Prime Minister Silvio Berlusconi
Business
Emaar plans new Fujairah resort
The Emaar Hospitality Group will open the resort in Q2.
- The Emaar Hospitality Group is the hospitality and leisure arm of Dubai-based developer Emaar Properties
- Palace Beach Resort Fujairah will reportedly be the third beach resort of its Address Hotels + Resorts collection
Geostrategy
Saudi Arabia wants political solution to Russia-Ukraine conflict
Russian President Vladimir Putin on Saturday, April 16, called Saudi Crown Prince Mohammed bin Salman bin Abdulaziz.
- Russian troops entered Ukraine on February 24 to conduct what President Vladimir Putin said was a ‘special operation’
- Since then, Russia has pummeled targets across Ukraine, while suffering losses of its own, like the sinking of its flagship Moskva
Geostrategy
Tunisia works to contain diesel spill after cargo ship sinks
The tanker XELO, carrying 750 tons of diesel from Egypt to Malta, sank in the Gulf of Gabes off Tunisia’s...
- Tunisia’s Environment Ministry has said barriers will be put up and a perimeter set to contain the diesel spill from the vessel
- Divers are also expected to be mobilized to examine the extent of the spill and the infiltrated fuel will be pumped out
Business
SAMA starts consumer microfinance licenses in kingdom
The Saudi Central Bank, or SAMA, has launched licenses for consumer microfinance operations in the Kingdom. This follows the bank’s...
- Microfinance targets individuals and small businesses, including self-employed people
- Sulfah is the consumer microfinance company which is given a license by Saudi Central bank
Business
ADX launches $17bn ‘Growth Market’ for private sector listings
ADX, Abu Dhabi stock exchange, has rebranded its Second Market into a newly launched Growth Market, with a market cap...
- ADX said in a statement that as it replaces the Second Market, the Growth Market will continue to target startups, family businesses, and early growth companies
- It will allow companies to kickstart their path to joining capital markets through a direct listing, without the need for an initial public offering
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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
UAE, Kazakhstan sign MoU to combat financial crimes
ASTANA, KAZAKHSTAN – UAE and the Republic of Kazakhstan signed an agreement to enhance bilateral cooperation in the combating of...
Geostrategy
Company News
Latest News
Abu Dhabi DoH, Eversight to jointly set up UAE’s first eye, tissue bank
ABU DHABI, UAE - Abu Dhabi's Department of Health (DoH), the regulator of the healthcare sector in the Emirate, and...
Business
ADFD, AIIB to strengthen cooperation over sustainable economic development
Al Suwaidi welcomed AIIB’s decision to opt for Abu Dhabi as the preferred location to have its first operational office...
Business
Aldar ties up with ADGMA to nurture local talent
Abu Dhabi— Aldar has partnered with the Abu Dhabi Global Market Academy (ADGMA) to develop a range of talent development...
Business
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Business
ADGM’s new service highlights how metaverse may help in mediation as underlined at TOP CEO Conference
The ADGM Arbitration Centre has launched the world’s-first service that hosts mediation in the metaverse. Interestingly, it was one of...
- The ADGM Arbitration Centre has launched the world’s-first service that hosts mediation in the metaverse. Interestingly, it was one of the focuses of Dubai event held in May
- ADGM’s “mediation in the metaverse” service will provide a more immersive experience, enhancing virtual mediation by allowing the participants to access a 3D office space.
Business
Global intellectual property filings reached new records in 2021: WIPO
The latest data shows “continued and sustained growth” in intellectual property filings, “driven largely by increases from Asia.
- The latest data shows “continued and sustained growth” in intellectual property filings, “driven largely by increases from Asia
- Up by 5.5 percent, China and India showed strong growth in local patent filings along with South Korea, which jumped 2.5 percent
Geostrategy
Jordan and US renew commitment to enhance strategic ties
Amman, Jordan—Jordan and the US have reviewed their strategic partnership in a meeting between King Abdullah of Jordan and Mark...
- The meeting covered the ties and the strategic partnership between Jordan and the United States, as well as means of expanding cooperation across all fields
- The congressional delegation lauded the deep-rooted Jordanian-US ties, underscoring Jordan’s pivotal role in bolstering security and stability in the region