Economy
Hassyan Power Complex adds 1,200 MW to Dubai’s capacity
Dubai Electricity and Water Authority (DEWA) has said the production capacity of Hassyan Power Complex reached 1,200 megawatts (MW), using...
- A further 600 MW will be added in Q4 of 2022, and an additional 600 MW will be added by Q3 of 2023.
- This will raise the capacity of Hassyan Power Complex, which has been converted recently to run only on natural gas instead of clean coal, to 2,400MW.
Business
Jafza’s AED3.5bn food valley set to attract companies at Gulfood 2022
Jafza is home to some of the world’s leading brands, including Unilever, Nestle, Heinz, McCain, Hunter Foods, Alokozay Group of...
- Jafza is home to some of the world’s leading brands, including Unilever, Nestle, Heinz, McCain, Hunter Foods, Alokozay Group of Companies, Al Khaleej Sugar, Bayara, to name a few
- The F&B markets account for an annual increase of 3.8 percent, and the Middle East and Africa region are positioned as global gateways for Halal industries
Economy
JEA to provide jobs for Jordanian engineers in KSA
One in every 40 Jordanians is an engineer, making Jordan the country with the most engineers per capita globally.
- One in every 40 Jordanians is an engineer, making Jordan the country with the most engineers per capita globally
- Ahmad Zu'bi, who is the President of the Jordan Engineers Association, said Saudi Arabia and its companies in various engineering fields appreciate Jordanian engineers
Business
DEWA expands fibre optic ducts
The company lays 394 kms of Fibre Optic ducts in 2021.
- The company increased the total length of these cable ducts since 2015 and until the end of last year to 3,275 kilometres
- The external FO ducts protect and direct all Fibre Optic Cables in communication, data transfer and remote operations.
Videos
Most in-demand jobs in UAE as Covid shifts priorities
The pandemic, digitalization, change in employee priorities and new government policies in the region have influenced the most in-demand jobs,...
- About 78 percent of professionals in the UAE are considering changing their jobs this year
- About 48% expected an improved salary, while 45% hoped that opportunity to learn new skills will help them in switching jobs
Chelsea bags FIFA world champion title in Abu Dhabi
Chelsea was handed the prestigious trophy by FIFA president Gianni Infantino.
- A total of 32,871 fans at the Mohammed bin Zayed Stadium in Abu Dhabi witnessed the finals between Chelsea and Palmeiras
- Goals from Romelu Lukaku and Raphael Veiga saw the game finish 1-1 in normal time before Kai Havertz hit the winning goal
Business
East Pipes to list on TASI
The offer comprised a total of 6.3 million shares.
- This came after the initial public offering of the company was 71.8 times oversubscribed, setting the final offer price at SR80 ($21.3)
- SNB Capital, as the financial advisor of the offer, led the book-building process, which started on Jan. 11 and ran through Jan. 17
Business
Bangladesh aiming at direct shipping line to UAE for faster connectivity
Bangladesh wants to establish a direct shipping line with the UAE, which will reduce the existing navigation time by two...
- Foreign Minister of Bangladesh AK Abdul Momen, on a four-day official visit to the UAE, said Bangladesh is keen to utilize the UAE’s expertise in port management.
- The bilateral trade between two countries in 2021 stood at $1.8 billion, Momen said, adding that a direct shipping line would help multiply it several times.
Geostrategy
Bahrain and Egypt share solid relations: Fawzia bint Abdulla Zainal
Bahrain and Egypt share solid long-standing brotherly relations, and there is steady progress in it due to their deep partnership...
- The two sides discussed ways to enhance parliamentary relations between the two countries, in addition to the mechanisms to develop joint action.
- They also exchanged points of view on regional and global issues of mutual interest affirming the importance of cooperation between the two.
Geostrategy
Turkish president Recep Erdogan’s visit reflects growing relations: UAE
Erdogan's visit on Monday will be marked by a visual display on the Burj Khalifa façade, lighting up several landmarks...
- Abu Dhabi Crown Prince Sheikh Mohamed bin Zayed Al Nahyan had visited Ankara in November 2021 on the invitation of the Turkish President.
- Turkey is the 11th largest trading partners of the UAE, while the UAE is Turkey’s 12th biggest trading partner globally and the largest in the Gulf region.
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Company News
Latest News
Awareness campaign of DEWA digital services ends
Dubai Electricity and Water Authority (DEWA) has successfully concluded its awareness campaign among customers about its innovative digital services on...
Business
S&P raises Qatar’s credit rating citing its declining debt load
The rating agency predicts that increased oil prices would lead to significant fiscal surpluses in 2022–2023.
Economy
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Economy
China’s current account surplus up 56% in Jan-Sep 2022
The surplus under trade in goods increased 37 percent year-on-year to hit a record US$521.6 billion.
- The surplus under trade in goods increased 37 percent year-on-year to hit a record US$521.6 billion
- Direct investment logged a net inflow of US$46.9 billion, according to the administration
Economy
Temporary employment contracts between countries need enhancements to boost efficiency, production
Sixteen member countries of the Abu Dhabi Dialogue that send and receive laborers discuss problems and welfare of the workers...
- Sixteen member countries of the Abu Dhabi Dialogue that send and receive laborers discuss problems and welfare of the workers during high-level meetings
- Several topics, including enabling member states to manage labor markets and enhance the welfare of laborers through modern technologies, come under review
Geostrategy
UAE’s FNC members discuss cooperation with German Parliament
Members of the UAE-EU Parliamentary Friendship Group of the Federal National Council (FNC), headed by Sarah Mohammed Falkinaz, Chairperson of...
- The two sides affirmed the importance of strengthening their parliamentary cooperation.
- They also discussed relations between the UAE and Germany and of enhancing them in science, health, higher education.