MENA region can create 10m jobs by 2050 via climate action, says ILO
DUBAI, UAE - International Labor Organization (ILO) Deputy Regional Director for the Arab States Peter Rademaker has confirmed that the...
COP28 UAE
Astra Tech to launch financial services powered by AI in 2024, says CEO
ABU DHABI, UAE - CEO and Co-Founder of Astra Tech Abdallah Abu-Sheikh said that the company will launch its first...
Business
Business
Capital Bank of Jordan lists a $100m bond on Nasdaq Dubai
Capital Bank of Jordan has made its first-ever bond listing of $100 million on Nasdaq Dubai, the Middle East's international...
- According to the bank’s chairman, Bassem Al-Salem, the step will “extend Capital Bank’s reach and allow our teams to strengthen the bank’s relationship with investors in UAE
- Nasdaq Dubai was chosen given its position as the largest regional venue for listing US dollar-denominated debt
Economy
UAE non-oil trade totals AED16.14 trillion in the last 10 years
The non-oil trade of the UAE has totalled AED16.14 trillion in the last ten years as the country's growth returned...
- According to Dr. Thani bin Ahmed Al Zeyoudi the UAE aims to increase the level of investment coming to the country to AED1 trillion within nine years
- "We work according to the plans of the UAE’s leadership to double national exports, foreign trade and economic growth," Al Zeyoudi said
Business
ADNOC teams up with Proman to produce methanol in Abu Dhabi
Abu Dhabi National Oil Company (ADNOC) has signed an agreement with Proman, one of the world's leading producers of methanol,...
- The facility will meet growing domestic and international demand for this clean and versatile chemical commodity
- Growth is expected to be driven by emerging economies in Africa and Asia, while methanol production in the UAE will support decreased reliance on imports
Economy
UAE and Latvia launch economic cooperation program in six sectors
The UAE and Latvia have agreed on a six-track economic cooperation program covering trade and investment, innovation and advanced technology,...
- The program covers investment, innovation and advanced technology, transportation and logistics, agriculture, food, education and science.
- An MoU between the Investment and Development Agency of Latvia (LIAA) and the SMEs Development Department at the UAE Ministry of Economy.
Business
Etihad Cargo revenue grows 49 percent
The company recorded 27 percent YOY rise in freight carried.
- In Q1, Etihad Cargo temporarily modified five Boeing 777 aircraft to support cabin-loaded cargo.
- By mid-2021, Etihad Cargo had announced the recovery of more than 90 percent of its network compared to pre-COVID.
Economy
Dubai to have Traffic Safety Strategy 2022-2026
The strategy’s objective is to make Dubai one of the safest cities in the world and achieve the zero road...
- The strategy’s objective is to make Dubai one of the safest cities in the world and achieve the zero road deaths vision
- The strategy will complement what has been achieved within the objectives of the National Agenda and Dubai Plan 2021
Economy
Dubai approves Savings Scheme for foreign employees in Govt
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, approved on...
- The initiative will also ensure that Dubai remains an attractive career destination that appeals to outstanding talent
- The announcement was made during a meeting of The Executive Council of Dubai held at "Deep Dive Dubai."
Business
Arada awards two contracts
The $32.13m contracts are aimed at development in Masaar.
- Work by both contractors is scheduled to be completed by end of April, in time for the opening of the Masaar Experience Center in June.
- Masaar is AED8 billion($2.18b) forested megaproject located in the Suyoh district of Sharjah.
Business
Dubai Derma 2022 registers $540m in business deals, attracts 21,000 visitors
The Dubai World Dermatology and Laser Conference and Exhibition (Dubai Derma 2022) concluded its 21st edition on Wednesday, and registered...
- It focused on various developments related to cosmetic surgery, lasers, cosmetic dermatology and anti-ageing, among others.
- The conference featured 326 scientific lectures, 79 workshops, and more than 90 scientific poster presentations.
Business
TAQA to recommend $600m dividend
The company has already paid $500m in quarterly dividends.
- The dividend payment will be in addition to the final payment of AED1.2 billion ($330 million).
- AED1.9 billion ($500 million) (1.65 fils per share) have already been paid in quarterly dividends.
MENA region can create 10m jobs by 2050 via climate action, says ILO
DUBAI, UAE - International Labor Organization (ILO) Deputy Regional Director for the Arab States Peter Rademaker has confirmed that the...
COP28 UAE
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Companies have 50 days to achieve Emiratisation targets: Ministry
Dubai, UAE--- UAE's Ministry of Human Resources and Emiratisation (MoHRE) has said it was keen to support and empower private...
Economy
MoIAT, Burjeel Holdings sign MoU on healthcare facilities
ABU DHABI, UAE -UAE's Ministry of Industry and Advanced Technology (MoIAT) has signed a Memorandum of Understanding (MoU) with Burjeel...
Business
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Business
Saudi Broadcasting Authority signs agreements with global media firms
Riyadh, Saudi Arabia--- The Saudi Broadcasting Authority (SBA) and three international companies with expertise in the technological and media sectors...
- The agreements were signed at the Future of Media Exhibition (FOMEX), which was hosted in Riyadh alongside the 22nd Arab Radio and TV Festival.
- The Arab Radio and TV Festival was for the first time held outside Tunisia since its inception in 1981.
Economy
Saudi Aramco, Energy ministry ink pact to build a carbon capture and storage hub
Saudi Arabia is embarking on initiatives such as the Saudi Green Initiative and the Middle East Green Initiative to meet...
- Saudi Arabia is embarking on initiatives such as the Saudi Green Initiative and the Middle East Green Initiative to meet its climate change commitments
- The first package of ongoing activities as part of Saudi Green Initiative, includes investments in the green economy worth more than $186 billion
Economy
Infra investment key to climate change adaptation
“We need to build a coherent framework of trade and investment policies supported by roadmaps that can accelerate the energy...
- There is a need to develop climate-smart policies to promote international trade and investment in mitigation and adaptation projects, says WTO official
- Fostering cooperation to develop common approaches to carbon pricing is critical to driving new transformations, Dr Ngozi Okonjo-Iweala highlights