Israel police claim Hamas was not aware of a music festival on October 7
DUBAI - An investigation carried out by Israeli police has concluded that Hamas, involved in the October 7 attack, had...
Geostrategy
Economy
National Water Carrier Project will be completed by 2027: Jordan PM
The government is "serious" in finding solutions to many pending investments, including Amman's Sixth Circle Towers project, the PM said.
- The government is "serious" in finding solutions to many pending investments, including Amman's Sixth Circle Towers project, the PM said.
- The PM announced that the government may provide incentives to the industrial city in both southern Karak and Tafileh governorates
Business
Abu Dhabi saw real-estate transactions worth $19.47bn in 2021
The entire amount resulted from a total of a combined 14,958 sales and mortgage transactions.
- Yas Island is said to have topped the list of best performing areas, with real-estate deals worth AED4.1 billion ($1.12 billion)
- Reem Islands comes second with AED3.2 billion ($871.34 million), and Saadiyat was third with AED2.5 billion ($680.74 million)
Analysis
Global trade hit record $28.5trn in 2021: UNCTAD
The UNCTAD’s Global Trade Update said all major trading economies saw imports and exports rise above pre-pandemic levels in the...
- The global trade volume in the year gone by was an increase of 25 percent on 2020
- It was also 13 percent higher compared to 2019, before the Covid-19 pandemic struck
Business
Saudi Ceramics posts $62m profit
Saudi Ceramics has posted a threefold jump in net profit to $62 million on the back of better profit margins.
- The Riyadh-based firm made SR233 million ($62 million) in profit, compared to SR77.7 million ($20.7 million) last year
- The strong results were fueled by improved profit margins due to increased prices and lower cost of goods sold
Business
G42 Cloud and Serbia to develop cloud computing solutions
G42 Cloud, a subsidiary of G42, the UAE-based AI and cloud computing company, and Serbia signed a Memorandum of Understanding...
- The new agreement will see both parties progress the joint development of Artificial Intelligence (AI) and cloud computing solutions across sectors
- The signing ceremony took place at Expo 2020 Dubai at the Investment Conference held in conjunction with the Statehood Day of Serbia
Business
PIF to bid for Starbucks stake
Owners of the Starbucks franchise value the business at $15 bn.
- Abu Dhabi’s ADQ and Mubadala Investment Co. also submitted separate non-binding offers to buy 30 percent stake.
- Brookfield Asset Management Inc., CVC Capital Partners also have shown interest in buying the shares of Starbucks.
Geostrategy
Arab countries review discussion topics for IPU Conference in Cairo
The speakers of the parliaments and councils of the Arab countries, in a meeting, reviewed the topics to be discussed...
- Speaker of the Shura Council Sheikh Abdullah bin Mohammed bin Ibrahim Al Al-Sheikh chaired the Kingdom of Saudi Arabia's delegation in the conference.
- During the meeting, the Committee discussed the amendment of the charter and the internal system of the Arab Inter-Parliamentary Union.
Business
Dubai imports 8 million tons of food in 2021
Dubai has imported eight million tons of food during 2021 and re-exported 6.277 million shipments through all its ports, a...
- Dubai issued 78,812 food export health certificates, while the quantity of food exported last year amounted to 3.272 tons to 157 countries
- The municipality said all types of food are registered electronically through a global system, a unique systems in controlling imported and locally produced foods in the emirate
Business
ADNOC framework agreements declared
The $1.94 bn agreements have been awarded to four companies.
- The wireline logging and perforation services are the largest of such awards in the oil and gas industry.
- The framework agreement awards cover ADNOC’s onshore and offshore fields and will run for five years with an option for a further two years.
Business
UAE Food and Beverages from Latin America reached $1.9 bn in 2020
The UAE’s food and beverage imports from Latin America reached $1.9 billion in 2020 as the Gulf country expanded its...
- Dubai Chamber of Commerce revealed UAE expanded its efforts to enhance food security.
- The Chamber's analysis estimates the untapped potential of Latin American food and beverage exports to the UAE at $800 million.
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Israel police claim Hamas was not aware of a music festival on October 7
DUBAI - An investigation carried out by Israeli police has concluded that Hamas, involved in the October 7 attack, had...
Geostrategy
Company News
Latest News
UAE, EU can jointly tackle challenges like climate change: Borrell
Abu Dhabi, UAE - UAE and European Union discussed ways to enhance cooperation relations in multiple issues of mutual concern...
Geostrategy
Middle East’s sports path to boosting tourism
The Arabian Gulf countries have hosted some of the biggest sporting events during the past decade. The World Cup is...
Videos
SCC approves proposals on Council’s establishment law
SHARJAH, UAE - The Sharjah Consultative Council (SCC) approved several proposals submitted by the council's members on the Consultative Council...
Geostrategy
Most Read
Business
GAL signs MoU with GMF
The MoU is aimed at maintenance, repair, overhaul.
- The MoU also provides for cooperation in the field of capability development to attract domestic and international military markets.
- GAL is a UAE company engaged in aircraft Maintenance, Repair and Overhaul.
Geostrategy
‘Five including four police officers killed in Iran’
Four Iranian police officers and one "terrorist" have been killed in separate incidents in the strife-torn country, state media and...
- Iran has been rocked by over seven weeks of nationwide protests over the death of 22-year-old Kurdish Iranian woman Mahsa Amini.
- Amid the wider unrest, clashes have rocked Sistan-Baluchistan province, which borders Pakistan and Afghanistan.
Business
World Cup: Saudia to operate 780 flights to ferry fans to Doha
Riyadh, Saudi Arabia---Saudi Arabian Airlines (SAUDIA) has announced it will allocate 780 scheduled, additional and shuttle flights connecting Riyadh, Jeddah,...
- To cash in on the expected rush of fans, both UAE and Saudi Arabia have announced multiple-entry visas for fans.
- Qatar has also reopened the mothballed Doha International Airport to cater to the additional flights.