UAE defense ministry orders 100 REACH-S unmanned aircraft from EDGE
DUBAI, UAE - EDGE, one of the world's leading advanced technology and defense groups, announced its first major order from...
Business
Israel pauses bombing in Rafah for four hours
Tel Aviv, Israel - The Israel Defense Forces (IDF) suspended its military operation in Rafah in the southern Gaza Strip,...
Geostrategy
Economy
Professor Roubini on Global and Regional Economies
Artificial intelligence, machine learning, robotics and automation will define the future of jobs, says renowned economist Professor Nouriel Roubini
- Artificial intelligence, machine learning, robotics and automation will define the future of jobs, says renowned economist Professor Nouriel Roubini
- There's a wide range of geopolitical uncertainties in the Middle East that can affect the economy, markets, and energy prices, adds Roubini
Business
Adnoc arm inks storage deal
AG&P will use an Adnoc L&S vessel as a floating storage.
- The agreement is valid for 11 years, with the option of extension by 4 years
- The two parties have a 2021 agreement to provide another FSU in India
Geostrategy
UAE sends food aid to Ethiopia’s Tigray region
The aid was sent following the directives of the UAE's leadership to help improve the humanitarian situation in the Tigray...
- The UAE has already sent six planes carrying 300 tons of relief and food supplies to the city of Mekelle
- That aid, which included 200 tons of vegetable oil, was sent last year in cooperation with the World Food Program
Business
Saudi Arabia and UAE drive real estate growth in the region
Saudi Arabia and the UAE are driving the real estate market in the Middle East region with the backing of...
- Kingdom’s residential real estate prices increased by 1.7 percent on an annual basis in the fourth quarter of 2021
- Apartment values in Riyadh and Jeddah accelerated by 17 percent and 12 percent, respectively, in the last 12 months
Geostrategy
UAE, UK discuss strategic cooperation
The ministers of the UAE and the UK discussed the historic relations between the two countries and their strategic cooperation,...
- Sheikh Abdullah bin Zayed Al Nahyan, UAE’s Minister of Foreign Affairs and International Cooperation represented UAE
- He underlined the longstanding relations between the UAE and the UK and their continuous desire to strengthen them
Economy
Job creation in Oman posts 129% jump in 2021
In 2021, total revenues of the Ministry of Labor stood at RO 232.9 million ($605million) generated from fees of licenses...
- The number of new employees in the private sector in 2021 stood at 49276 of which 42609 were contracted employees
- The employment-linked training programs and on-the-job training programs benefited 9859 job seekers in 2021
Geostrategy
Iran says it will continue to enrich uranium even after a deal
Iran has said that it will continue to enrich uranium to 20 percent purity even after sanctions against it are...
- Iran is now enriching to various levels, the highest being around 60 percent
- Iranian officials had told media earlier that Iran had agreed to suspend its 20 percent and 60 percent enrichment if an agreement is reached in the Vienna talks
Geostrategy
UAE calls for ‘cessation of hostilities’ in Russia-Ukraine war
The UAE has called for immediate cessation of hostilities in the war between Russia and Ukraine. The appeal came in...
- the Ministry of Foreign Affairs and International Cooperation (MoFAIC) expressed particular alarm at the consequences for civilians present in Ukraine, as well as for the region
- The Ministry emphasized the importance of ensuring that humanitarian assistance reaches those in need, and called on all parties to respect International Humanitarian Law
Economy
UAE eases Covid-19 protocols for citizens and travelers
The UAE’s National Emergency Crisis and Disasters Management Authority relaxed the rules in coordination with its main partners.
- At the local level, each emirate now has the flexibility to determine the duration of the quarantine period and PCR tests for Covid-19 contacts
- However, they must maintain the need to follow precautionary and preventive measures, which include physical distancing and mask-wearing
Business
DP World acquires 100% stake in Imperial
The acquisition is expected to also add significant strategic value to DP World given Imperial’s footprint and strong market access...
- The acquisition is expected to also add significant strategic value to DP World given Imperial’s footprint and strong market access and logistics solutions capability
- DP World and its subsidiaries employ over 71,000 people across its worldwide operations
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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 defense ministry orders 100 REACH-S unmanned aircraft from EDGE
DUBAI, UAE - EDGE, one of the world's leading advanced technology and defense groups, announced its first major order from...
Business
Company News
SAFEEN, Amaan Baghdad sign MoU
Business
Latest News
UAE-India manpower technical panel discuss collaboration
DUBAI, UAE - The UAE-India joint technical committee for manpower held its first meeting where it explored areas of collaboration...
Geostrategy
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Business
Global financial industry leaders set to descend on Abu Dhabi
Key speakers from global investment and financial companies include Nouriel Roubini, Chief Economist at Atlas Capital Team L.P and, Hazem...
- Key speakers from global investment and financial companies include Nouriel Roubini, Chief Economist at Atlas Capital Team L.P and, Hazem Ben-Gacem, Co-CEO of Investcorp
- The event now has Abu Dhabi Islamic Bank (ADIB), HSBC Bank, Mubadala and Standard Chartered as official partners, MidChains and OKX as supporting partners
Economy
China sees steady foreign trade growth in first 10 months
The European Union and the United States were China's second-largest and third-largest trading partners during the period, respectively.
- The European Union and the United States were China's second-largest and third-largest trading partners during the period, respectively
- China's trade with countries and regions participating in the Belt and Road Initiative posted robust year-on-year growth
Geostrategy
Paris Agreement key to achieve sustainable development goals: Middle East Green Summit
The summit reviews ways to enhance integration of the optimal energy mix for electricity production to achieving climate change targets...
- The summit reviews ways to enhance integration of the optimal energy mix for electricity production to achieving climate change targets through MoUs and agreements
- It also supports efforts to reduce emissions in the Middle East region and beyond by signing bilateral and multilateral agreements and MOUs in the field of clean energy