Russia’s Putin offers assistance in Gaza Strip de-escalation
MOSCOW, RUSSIA - Russian President Vladimir Putin has offered assistance in helping to deescalate the tense situation in the Gaza...
Geostrategy
Sidra Medicine, GlobeMed Qatar sign pact on medical services
DOHA, QATAR – Sidra Medicine and GlobeMed Qatar have signed an agreement to offer eligible insured members of payers contracted...
Business
Business
QFD unveils Morocco housing
The residential complex is located in Bir Al-Souk in Morocco.
- The residential complex is expected to have 12 buildings consisting of three floors and a basement
- Each floor contains four apartments, with each apartment having an area of 72 square meters
Business
Saudi Arabia to grant licenses to renewable energy facilities
Saudi Arabia will grant industrial licenses to facilities operating in the renewable energy sector and power plants in order to...
- The Ministry of Industry and Mineral Resources and the Ministry of Energy have partnered with the Non-Oil Revenues Development Center to grant the licenses
- The Ministry of Industry and Mineral Resources also provides many incentives and benefits to investors in the sector
Business
Qatar may dislodge Russia to be Germany’s energy supplier
In order to lower its dependence on Russian oil and gas, Germany is looking toward Qatar to fulfill its energy...
- Germany is to close its last nuclear power plants this year and plans to build its first liquefied natural gas terminal within two years
- Qatar is one of the countries that recently have been approached by the US to reroute gas supplies to Europe
Business
Social media poses ‘existential threat’ to traditional, trustworthy news: UNESCO
The business model of the news media is ‘broken’ and with it, our fundamental right to information is at risk,...
- The UNESCO analysed media development trends from 2016 to 2021 and found that global newspaper advertising revenue has fallen by half during the five year period
- The report indicates that news outlets often struggle to get clicks from readers that determine advertising revenue, and many find themselves “squeezed out”
Business
Abu Dhabi launches ‘Abu Dhabi Express’ bus service
The Abu Dhabi Express is a direct, non-stop bus service, making its routes the quickest means of transport, enabling passengers...
- The Abu Dhabi Express is a direct, non-stop bus service, making its routes the quickest means of transport, enabling passengers to get to their destinations
- The Abu Dhabi Express services will all use the main bus station in Abu Dhabi city as an arrival point
Business
UAE and New Zealand to collaborate in food security
The UAE and New Zealand have signed an agreement to enhance collaboration in food security, a step aligning with the...
- Mariam bint Mohammed Almheiri, UAE Minister of Climate Change and Environment, and Damien O’Connor, New Zealand’s Minister of Trade, signed the MoA
- Officials from the two ministries will meet regularly to develop a plan for joint activities and programs aimed at advancing the MoA’s areas of cooperation
Business
Gas Arabian Services profit dips 18%
The net profit of Gas Arabian Services Co. has decline to $16 million.
- The firm’s net profit fell to SR60 million ($16 million), compared to SR73 million a year earlier, according to a bourse filing
- Despite the lower profit, the Dammam-based company seeks to pay SR2 per share as dividends
Business
Lebanon bans top officials of five banks from travel
A prosecutor in Lebanon has issued travel bans against the heads of the boards of five Lebanese banks as a...
- Ghada Aoun, the judge, issued the bans against Salim Sfeir of Bank of Beirut, Samir Hanna of Bank Audi, A Sehnaoui of SGBL, Saad Azhari of Blom Bank, and Raya Hassan of Bankmed
- She has not charged any of them with a crime
Geostrategy
Condemnation pours in after Houthi attack on Saudi refinery
From the UAE to Egypt, Jordan, and Bahrain, and from the OIC to the Arab Parliament, the attack is being...
- Regional and global condemnation is pouring in after a drone strike by the Houthi rebels of Yemen hit Saudi Arabia
- The pre-dawn attack on Friday caused a fire but did not disrupt supplies, officials have said
Business
Abu Dhabi Police intercept 1.5 tons of contraband, worth $40m
This action, among others, could be quite helpful in getting the UAE out of the so-called grey list of the...
- The Anti-Drug Section at the ADP’s Criminal Investigation Department (CID) detected a suspicious shipment
- It had arrived from a neighboring country at Khalifa Port, and was apparently meant to travel to Europe
Russia’s Putin offers assistance in Gaza Strip de-escalation
MOSCOW, RUSSIA - Russian President Vladimir Putin has offered assistance in helping to deescalate the tense situation in the Gaza...
Geostrategy
Company News
Latest News
ADNIC, JAFZA sign insurance pact
Business
Retal’s stock rises 2.4%
Business
UAE capital records real estate deals worth $5.72 billion in third quarter
Abu Dhabi, UAE--- Abu Dhabi's real estate market recorded a total of 4,441 transactions amounting to over AED 21.04 billion...
Business
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Economy
Etihad Credit Insurance issues $1.71 bn in trade guarantees in nine months
Dubai, UAE---Etihad Credit Insurance (ECI) has issued AED6.3 billion ($1.71 billion) in trade guarantees in the first nine months of...
- ECI's third meeting this year was told that with government's support, ECI has by far issued 7,936 revolving credit guarantees.
- These state-backed guarantees helped to protect and create 50,000 jobs by supporting companies, 72 percent of which were SMEs.
Business
TAQA posts 53% income rise
The income vaulted to $1.77bn in the first nine months of 2022.
- The company also reported group revenues of $10.61 billion, 14% higher than the prior-year period
- TAQA’s Board of Directors also declared an interim cash dividend of $184 million (0.60 fils per share)
Economy
Addressing climate change global responsibility
"Today's world is witnessing a scientific and technical boom, which is the fastest and most advanced through all the stages...
- Parliaments play a key role in enacting, legislating, or amending laws related to investment and the national transition to renewable energy sources
- Facing the phenomenon of climate change is no longer confined to one country over another, but is a duty and shared responsibility that the entire world