Dubai Center for Family Businesses issues guidelines
DUBAI, UAE – The Dubai Center for Family Businesses, which operates under the Dubai Chambers umbrella, has released a ‘Sample...
Business
Najran extends MoU with Ayan for Commerce & Industry
Jeddah, Saudi Arabia - Saudi Arabia's Najran Cement Company has announced the extension of its non-binding memorandum of understanding (MoU)...
Economy
Economy
KSA converts its deposit with Central Bank of Mauritania into soft loan
The move comes as an extension of the Kingdom’s continuous support for the people and government of the Islamic Republic...
- The move comes as an extension of the Kingdom’s continuous support for the people and government of the Islamic Republic of Mauritania
- The support aims to contribute to promoting inclusive and sustainable economic growth, in addition to opening new financing channels
Business
NBQ reports Q1 profit of $26.3m
Its net profit increased 26.26% from the same period last year.
- The cost to income of NBQ stood at 27.11 percent during three months
- It reflected the bank's operational efficiencies and disciplined cost management
Business
Gulf Biotech Company becomes second drug producing firm in Bahrain
The licensed plant will manufacture a variety of injectable human healthcare formulations such as vials, ampoules and prefilled syringes.
- National Health Regulatory Authority (NHRA) announced that it had licensed the medical firm.
- The injectable drugs will be subjected to final inspection to be granted a Good Manufacturing Practices.
Business
Ajman Chamber membership grows by 35 percent in 2021
The membership of the Ajman Chamber of Commerce and Industry (ACCI) grew by 35 percent in 2021, according to Muhammad...
- The number of new members reached 7,704 during 2021, compared to 5,723 members during 2020.
- New commercial licenses for the previous year was 4,238 membership, 2534 professional membership and 131 industrial memberships.
Geostrategy
Egypt bristles at Israel-run dance festivals in Sinai
Israeli-organized twin dance festivals in the Sinai have sparked outrage in Egypt as they come just days before the anniversary...
- The Nabia and Grounded festivals coincides with the Jewish Passover holiday, and also come as Muslims observe fasting in Ramadan
- The festivals follow events in which more than 150 Palestinian worshippers were injured on Friday in clashes with Israeli security forces
Economy
Wheat harvesting begins in villages of Oman’s Adam Wilayat
The Department of Agriculture and Water Resources in the Wilayat of Adam in the Governorate of A'Dakhiliyah has started harvesting...
- The cultivation of wheat crop begins in Adam in November until March each year.
- Wheat is harvested in a number of villages using modern machines instead of the traditional method.
Business
Egypt turns to India to import much needed wheat
Egypt will import wheat from India to compensate for the loss of wheat supplies from Ukraine and Russia, the north...
- El-Said Marzouq El-Qosair, Egypt’s minister of agriculture and land reclamation, said this comes within the framework of the state’s efforts to secure new sources of wheat
- Egypt is the largest importer of wheat in the world and depends on Russia and Ukraine, which have been in conflict for nearly two months
Arts & Culture
Shaikh Zayed Mosque receives visitors to major events in UAE
More than 1.26 million people have visited Shaikh Zayed Grand Mosque, which has been a leading destination for visitors of...
- The events include Expo 2020 Dubai, the FIFA Club World Cup, the fifth UMEX and SIMTEX, the International Defence Industry Technology and Security Conference.
- The mosque also hosted 51 visits from local and international academic institutions, in addition to 293 visitors representing various international media outlets.
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.
Dubai Center for Family Businesses issues guidelines
DUBAI, UAE – The Dubai Center for Family Businesses, which operates under the Dubai Chambers umbrella, has released a ‘Sample...
Business
Company News
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Poland opens Representative Office in UAE to boost trade relations
Abu Dhabi, UAE---Poland has opened a representative office in UAE capital Abu Dhabi to fuel the growth of bilateral trade...
Business
Abu Dhabi to host Annual Investment Meeting in May 2023
The AIM Global 2023 is supported by the Ministry of Industry and Advanced Technologies, with the ADDED as a lead...
Economy
UAE takes part in IORA meetings in Bangladesh
DHAKA, BANGLADESH - The UAE participated in the Indian Ocean Rim Association's (IORA) 22nd Council of Ministers (COM) meeting and...
Geostrategy
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Economy
‘Dubai seeks to be among top digital economies’
Sheikh Hamdan bin Mohammed, who is also Dubai’s Higher Committee of Future Technology Development and Digital Economy Chairman, said this...
- Sheikh Hamdan has approved the new phase of the Dubai Metaverse Strategy, which aims to enhance the digital economy
- The new phase of the strategy aims to implement measures to empower the use of the metaverse and future technologies
Geostrategy
GCC rejects malicious media campaign targeting bloc
Beside approving various programmes and joint projects, the region's information ministers discuss strategic plan for joint media cooperation between the...
- Beside approving various programmes and joint projects, the bloc's information ministers discuss strategic plan for joint media cooperation between the GCC countries.
- The ministers also approve cooperation projects between news agencies, electronic media and cooperation in the field of external media
Economy
EIC calls UAE as the leader in renewable energy sector
London, UK --The Energy Industries Council (EIC), one of the world’s largest energy trade associations, has released a report on...
- An EIC report titled “UAE: EIC Country Report – November 2022”, highlights the UAE’s Hydrogen developments in the sector.
- “The UAE could be a key player and deliver 25 percent of the production of the global low-carbon hydrogen market by 2030,” the report said