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
DNIR approves 30% dividend
The dividend of the company totals AED 34.650 million.
- Shareholders also approved DNIR’s financial statements for the year ended 31st December 2021
- Khalaf Ahmad Al Habtoor, Chairman of the Board of Directors, said the dividend is indicative of the company’s financial strength
Business
UAE, Jordan discuss accelerating investments post-Expo 2020
At the meeting, the two sides called for intensifying visits by trade delegations from both countries and increasing the number...
- The two sides believe the momentum from Expo 2020 will apparently continue in the fields of agricultural and food trade
- They also see it in the pharmaceuticals and furniture industry, and the proliferation of fairs and exhibitions around the world
Business
Abu Dhabi Police ban heavy vehicles during peak hours in Ramadan
The decision is said to have been taken in cooperation with Abu Dhabi Police's strategic partners.
- Heavy-duty trucks, lorries, and buses carrying more than 50 passengers would be banned on Abu Dhabi and Al Ain roads
- During Ramadan, such vehicles would not be allowed on the roads between 8 am and 10 am, and from 2 pm to 4 pm
Business
Abu Dhabi Chamber and San Marino to boost trade cooperation
Abu Dhabi and San Marino will explore new avenues of economic cooperation and boosting trade. Saeed Ghumran Al Remeithi, Deputy...
- Saeed Ghumran Al Remeithi, Deputy Treasurer of Abu Dhabi Chamber, met with Fabio Righi, San Marino’s Minister of Industry.
- Remeithi noted Chamber's readiness to provide all the necessary support to investors and entrepreneurs from San Marino.
Business
Dubai food trade grew 11 percent to $15.51 billion in 2021
Dubai Customs said Thursday the emirate’s external foodstuff trade in 2021 grew 11 percent to reach AED57 billion ($15.51 billion),...
- Exports grew 11.3 percent to AED10.8 billion from AED9.7 billion in 2020, while re-exports went up by 10 percent to AED 7.9 billion from AED 7.2 billion.
- In terms of volume, Dubai traded 14.1 million tons of foodstuff in 2021, which included 9.9 million tons of imports, 3 million tons of exports, and 1.1 million tons of re-exports.
Economy
President of World Banks says MENA must create 300m jobs
To achieve development goals, the MENA region must create three hundred million jobs, according to President of the World Bank...
- Malpass noted that MENA countries often fail to rise to developmental challenges, and it could have “serious implications for livelihoods"
- According to Malpass, Gulf Cooperation Council countries were initially concerned about the global community’s desire to shift away from oil
Business
Alba, EGA sign MoU
Aluminum Bahrain (Alba) is looking to increase its throughput.
- The two Aluminum producers will cooperate to creep production at Alba’s Potline 6 beyond its name plate design capacity.
- They will also explore ways to use EGA technology and expertise in future expansions at Alba smelter.
Geostrategy
Tunisia reaffirms its support for Palestine freedom
Tunisia’s Ministry of Foreign Affairs on Wednesday commemorated the forty-sixth anniversary of Earth Day, where they affirmed their support for...
- It supports the restoration of Palestinian historical rights that do not fall within the statute of limitations
- Tunisia also expressed its support and keenness to actively contribute to all international and regional initiatives
Business
GCC banks record 40% spike in profits to $35bn in 2021
The Gulf Cooperation Council’s banking sector profits recorded a 40 percent surge to hit $35 billion in 2021, a report...
- Despite the surge, profits remain below pre-pandemic levels of $37 billion in 2019
- Surge in profits is mainly due to an increase in total bank revenue and a decline in loan loss provisions
Business
Bahrain and stc to build region’s first data center park
Bahrain will build the region's first data center park in partnership with stc Bahrain to create an integrated digital center...
- The park will be developed on 55,000 square meters of land in Al-Qurain
- The new establishment will contribute to Bahrain’s digital economy in line with the country's national Economic Vision 2030
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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
NMDC records 40% profit jump
Business
Latest News
Dlala Holding to resume trading
Business
FIFA World Cup Qatar will be the best, says Infantino
Regarding the rights of workers, it is unfair that the world does not see the great progress and clear development...
Arts & Culture
Sharjah International Travel and Tourism Forum to begin Nov 24
SHARJAH, UAE - The 9th edition of the Sharjah International Travel and Tourism Forum (SITTF) is set to kick off...
Economy
Most Read
Economy
GCC, Bangladesh ink MoU to strengthen economic cooperation
The MoU was inked on the sidelines of the 18th edition of Manama Dialogue 2022.
- The MoU was inked on the sidelines of the 18th edition of Manama Dialogue 2022
- The GCC is a regional, intergovernmental, political, and economic union
Geostrategy
Blinken to visit Doha to launch US-Qatar Strategic Dialogue
Washington, US— US Secretary of State Antony Blinken will travel to Qatar on November 21 to launch the fifth annual...
- State Department Spokesperson Ned Price said in a statement that Blinken will meet with senior Qatari officials
- The statement added that the US top diplomat will also "recognize Qatar's important contribution to international sports diplomacy as it hosts the World Cup
Business
ADGM partners with ADIB, RAKBANK, Wio Bank to support Abu Dhabi businesses
The announcements were made during the first edition of Abu Dhabi Finance Week (ADFW) hosted by ADGM.
- The announcements were made during the first edition of Abu Dhabi Finance Week (ADFW) hosted by ADGM
- The week-long event serves as a platform for in-depth conversations around the MENA region’s thriving financial sector