World Bank to expand climate funding in MENA by $10 billion
Brhane said the World Bank integrated climate into all its work across the MENA region and is on track to...
COP28 UAE
Mideast ministers met with Joly, Trudeau in Ottawa to discuss Israel-Hamas war
OTTAWA, CANADA — A group of foreign ministers from the Palestinian Authority, Saudi Arabia and Turkey met Canadian Foreign Affairs...
Geostrategy
Geostrategy
Powered solely by renewables, PORRIMA docks at Dubai Harbour
Dubai Harbour welcomed the Swiss experimental vessel powered solely by renewables, PORRIMA, to its marinas on Thursday as part of...
- The first-of-its-kind solar, wind and hydrogen-powered ship has travelled more than 11,000 kilometers without stopping since departing Osaka, Japan, on December 18, 2021.
- Now, using solar, wind and hydrogen, the 36-metre 100-tonne vessel also utilizes artificial intelligence and technologies inspired by nature.
Business
Dubai Chamber sets up Dubai Council for Wooden Ships
Dubai Chamber of Commerce has announced the establishment of the Dubai Council for Wooden Ships, a new business group that...
- The business group, operating as a non-profit body under the umbrella of Dubai Chamber of Commerce, will serve common interests and tackle sector challenges through cooperation
- Joined by a wide variety of businesses in this sector in Dubai, the group provides a platform for member companies to share knowledge and policy recommendations
Business
Dubai records $2.53 billion worth of weeklong real estate deals
Dubai recorded $2.53 billion worth of real estate and properties transactions valued during the week ending Friday, according to the...
- A total of 355 plots were sold for AED 1.33 billion, while 1,547 apartments and villas were sold for AED 2.96 billion.
- Al Hebiah Fifth recorded the most transactions for this week by 244 sales transactions worth AED 521.52 million.
Economy
Dubai, India discuss trade and economic cooperation
"We provide the best facilities and customs services to Indian businesses which can also benefit from the advanced infrastructure and...
- "We provide facilities and customs services to Indian businesses which can also benefit from the advanced infrastructure and logistics," Dubai customs official Musabih said
- Indian counsel Kalimutu applauded Dubai Customs’ efforts in facilitating Indian trade, which helps grow mutual trade and investments
Business
OPEC Fund approves $233 million for development projects
The grants were approved at the 179th session of OFID’s Governing Board in Vienna.
- The projects will reportedly, among other things, support economic recovery, help bring up new infrastructure, and boost food security
- Overall, they are expected to benefit public-sector projects and promote sustainable development around the world
Geostrategy
UAE calls on international community to pressure Houthis to stop transgressions
UAE lauded the UN Security Council's decision to list the Houthi militias as a terrorist organisation.
- UAE lauded the UN Security Council's decision to list the Houthi militias as a terrorist organisation
- The country said it supports the UN's efforts to provide basic needs of the Yemeni people
Geostrategy
UAE foreign affairs minister stresses peaceful resolution of Ukraine conflict
The ministers of UAE and Russia discussed cooperation between the two countries and ways to enhance the bilateral strategic partnership...
- Sheikh Abdullah bin Zayed Al Nahyan met Russian foreign minister Sergey Lavrov in Moscow and discussed challenges concerning security and stability in the MENA region.
- Al Nahyan also expressed the UAE's deep concern over the humanitarian impact of the conflict on civilians.
Business
Emirates Steel exports up 50 percent
The firm's capacity is enough to meet the domestic market's demand.
- The countries where Emirates Steel exports its products increased to 56 in 2021 in comparison to just 38 in 2019.
- Emirate Steel's expansion strategy is aligned with the National Strategy for Industry and Advanced Technology' Operation 300bn.
Business
Al Hamra to launch $270m project
The villa project is located within the Al Hamra Village residential community.
- This idyllic island community project offers views of the turquoise Arabian Gulf and the lagoon.
- Falcon Island is set to be completed within two years of its launch, which will be implemented in phases.
Arts & Culture
2022 edition of Art Dubai largest to date, achieves strong sales
Art Dubai closed its 15th edition on Sunday, with strong sales reported across all four sections of the fair: Modern,...
- The five-day event saw a record attendance of more than 30,000 visitors and more than 120 presentations by 104 galleries and platforms from 44 countries.
- The gallery program was complemented by newly commissioned works from leading international artists and an oversubscribed, innovative talks program,
World Bank to expand climate funding in MENA by $10 billion
Brhane said the World Bank integrated climate into all its work across the MENA region and is on track to...
COP28 UAE
Company News
Latest News
Kuwait sets 2060 as date to reach carbon neutrality
Sharm el Sheikh, Egypt—Kuwait is planning to achieve carbon neutrality in the oil and gas sector by 2050 and across...
Science
UAE Cabinet approves penalties for flouting Nafis initiatives, programmes
Launched as part of 'Projects of the 50', the program aims to accelerate the UAE's development journey and boost the...
Economy
Abu Dhabi launches association to promote blockchain in region in line with TOP CEO Conference call in May
The Middle East, Africa and Asia Crypto and Blockchain Association aims to bring industry players together to discuss strategies and...
Business
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Geostrategy
UAE President meets Saudi Crown Prince on sidelines of G20 Summit
The two leaders discussed mutual ties, including the agenda of the summit.
- The two leaders discussed mutual ties, including the agenda of the summit
- Saudi Arabia and the UAE are close allies and share extensive political and cultural ties
Business
ADGM Courts launches blockchain technology in Abu Dhabi
Abu Dhabi, UAE— Abu Dhabi Global Market (ADGM) Courts has announced the first-ever introduction of blockchain technology for the global...
- The blockchain solution will result in substantial time and cost savings for parties in the enforcement of their commercial judgments
- Parties will no longer need to wait for a certified copy of the judgment to start the process in the enforcing jurisdiction
Geostrategy
Saudi Arabia, UAE key partners in Indonesia’s growth
The two Gulf countries play a major role in strengthening the economic and sustainable development in Indonesia, which is hosting...
- The two Gulf countries play a major role in strengthening the economic and sustainable development in Indonesia, which is hosting the 17th G20 Heads of State and Government Summit
- Since 1976, the Kingdom, through the Saudi Fund for Development has contributed to strengthening the pillars of sustainable development in its various fields and forms in Indonesia