Digital Dubai and Dubai Police to collaborate on cybersecurity
Digital Dubai and Dubai Police will strengthen their partnership and collaborate towards achieving strategic goals in cybersecurity.
- The two parties have signed a Memorandum of Understanding (MoU) regarding the same
- The MoU adds to the existing partnership between government entities entrusted with cybersecurity issues
Geostrategy
UAE finance ministry to organize dialogue sessions WGS 2022
UAE’s Ministry of Finance will organize a series of specialized dialogue sessions on the sidelines of the World Government Summit...
- This year’s summit themed ‘Shaping the Future of Governments’ will be held on March 29 and 30, coinciding with the closing of Expo 2020 Dubai.
- The summit will also launch 20 in-depth knowledge reports that outline key topics on global governments’ agendas in cooperation with prominent global research institutions.
Geostrategy
Earth Hour: ENOC group stresses on lesser energy consumption
All service station forecourts including Service Station of the Future at Expo 2020 Dubai remained dark for an hour.
- The ENOC group switched off non-essential lights at its headquarters on 26th March from 8:30 to 9:30.
- ENOC saved a total of 11.9 GWh (or 11,963 MWh) of electricity in 2021, which is equivalent to 6,221 tCO2
Economy
UAE to invest $2bn in Egypt in order to bolster its economy
The UAE is going to invest some $2 billion in Egypt by buying up the state-owned companies in order to...
- The world’s largest wheat importer has been hit hard by record grain prices that were fueled by the Russia-Ukraine war
- The decision came during a rare meeting between leaders of Egypt, the UAE and Israel to discuss energy and food security
Geostrategy
Qatar signs Global Methane Pledge, to lower emissions by 30 percent
Rapidly reducing methane emissions is the most effective strategy to limit global warming in the near term and keep 1.5...
- A total of 111 country endorsements have now signed the Global Methane Pledge.
- The signatories represent 70 percent of the global economy and nearly half of global anthropogenic methane emissions.
Business
Saudi Arabia shows interest to develop nuclear reactors
Saudi Arabia has evinced interest to develop small modular nuclear reactors in order to generate electricity for remote areas of...
- The kingdom's Minister of Energy, Prince Abdulaziz bin Salman, said that Saudi Arabia isn’t looking for funding from any country to help it with its energy transition plan
- “The future of the world and society lies not in us waiting for someone else to build the things we should use, but for us to build them ourselves,” he added
Business
Saudi Arabia supports SMEs with $80bn cash injection
In order to protect SMEs from economic recession, Saudi Arabia provided more than $80 billion in support to the businesses,...
- Saleh Al-Rahseed, speaking at GEC 2022 in Riyadh, said the Kingdom gave confidence to entrepreneurs and innovative companies not only by giving them cash but all kind of support
- “It wasn’t just cash injection that helped Saudi SME’s during the pandemic” he said
Economy
Jordan, USAID launch project to support energy sector
The Ministry of Energy and Mineral Resources and the United States Agency for International Development (USAID) in Jordan have launched...
- The project seeks to achieve financial sustainability of Jordan's electricity sector, strengthen the sector's regulatory frameworks and improve its services in oil and gas markets.
- The project valued at $40 million will be implemented over a five-year period, citing a statement from the Energy Ministry.
Geostrategy
Dubai saves 329MW of electricity during Earth Hour 2022
Dubai Electricity and Water Authority (DEWA) said about 329 megawatts (MW) of electricity were saved in the emirate during Earth...
- The power saved is equal to a reduction of 132 tons of carbon emissions.
- These savings are 13 percent higher than the 291 mw savings recorded during Earth Hour 2021.
Business
UAE-Turkey real-estate conclave to tap into new opportunities
Called the UAE-Türkiye Real Estate Development Construction Roundtable, it will be held on Wednesday, March 30.
- The meeting will look to widen the trade corridor and strengthen economic ties between the two countries, besides building new collaborations
- It will reportedly be hosted by the UAE-Turkish Business Council, in association with the Foreign Economic Relations Board of Türkiye (DEİK)
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Company News
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Sipchem posts jump in profit
Business
Private school operator Taaleem’s IPO oversubscribed 18 times
Dubai, UAE---United Arab Emirates private school operator Taaleem Friday said it has set the price of its Initial Public Offering...
Business
UAE Minister discusses economic ties with Caribbean countries
ABU DHABI, UAE - UAE Minister of Economy Abdullah bin Touq Al Marri visited the Havana International Fair 2022 in...
Geostrategy
Dubai Islamic Bank, Al Ramz Corporation announce strategic alliance
Dubai Islamic Bank will now provide brokerage and related services to its clients through Al Ramz Capital.
Business
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Geostrategy
Saudi crown prince arrives in Thailand on official visit
Prince Mohammed was received by Thai Prime Minister Prayut Chan-o-cha upon his arrival, and the prince then proceeded to review...
- Prince Mohammed was received by Thai Prime Minister Prayut Chan-o-cha upon his arrival, and the prince then proceeded to review a guard of honour.
- The Saudi and Thai national anthems were played during the crown prince's ceremonial greeting ceremony
Business
Deepening synergies to further strengthen bilateral economic and commercial ties between Sharjah, India
He was speaking at the Sharjah–India Business Roundtable -- organized by the Sharjah FDI Office (Invest in Sharjah), in collaboration...
- The roundtable sought to promote investment opportunities in competitive sectors and highlighted the range of services and facilities offered by various government organizations
- With 15,868 Indian firms operating in mainland Sharjah and 10,000 across its specialized free zones, the economic and commercial relations between the two has strengthened
Geostrategy
Abu Dhabi inks MoU with African Union in public health
ABU DHABI, UAE - Abu Dhabi Public Health Center (ADPHC) has signed an agreement with the Africa Centers for Disease...
- The partnership aims to bolster collaboration and information exchange between ADPHC and Africa CDC.
- The partnership’s priorities include promoting disease information and surveillance.