Earth to warm up to 2.9C even with current climate pledges, says UN
PARIS, FRANCE - Countries' greenhouse gas-cutting pledges put Earth on track for warming far beyond key limits, potentially up to a...
Geostrategy
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
Business
Apollo to invest in Aldar
Apollo-managed funds and clients will invest $1.4bn in Aldar.
- A total of $500 million would be invested into a land joint venture, $500 million are meant as perpetual Subordinated Notes issued by Aldar Investment Properties.
- Aldar said the land joint venture will allow it to realize long-term value tied up in its vast landbank while maintaining flexibility to develop or sell the land.
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.
Earth to warm up to 2.9C even with current climate pledges, says UN
PARIS, FRANCE - Countries' greenhouse gas-cutting pledges put Earth on track for warming far beyond key limits, potentially up to a...
Geostrategy
Company News
ADC sets price for IPO
Business
Latest News
COP27 summit opens as world races against climate clock
Just in the past few months, climate-induced catastrophes have killed thousands, displaced millions and cost billions in damages across the...
Geostrategy
UAE, Jordan ministers discuss global, regional issues
Jordan's Deputy Prime Minister and Minister of Foreign Affairs and Expatriates Ayman Safadi met with UAE Minister of Foreign Affairs...
Geostrategy
Thousands of cyclists take part in annual Dubai Ride
Tens of thousands of cyclists rode down the skyscraper-lined superhighway that meanders through the middle of Dubai on Sunday morning,...
Business
Most Read
Business
Great editors act as teacher, help create great authors
“I have two very important roles - the first, to be the mouth-piece for my authors in the publishing house,...
- The job as an editor is to form a truly intimate relationship (with authors), and forge a wonderful friendship, says an expert
- An editor is like a surgeon; we have to be precise with our criticism but also remain sensitive to our authors to give them constructive feedback, another expert adds
Geostrategy
Saudi, Australian ministers discuss trade, bilateral ties
Saudi Minister of Industry and Mineral Resources Bandar bin Ibrahim Al-Khorayef met the Australian Assistant Minister of Industry for Manufacturing...
- The Saudi delegation’s visit to Australia also included participating in the International Mining and Resources Conference + EXPO (IMARC).
- The Saudi delegation highlighted initiatives to develop the industrial sector.
Analysis
Total broad money supply in Qatar reaches US$189bn in September 2022
The Planning and Statistics Authority (PSA) has released the 105th issue of (Qatar; Monthly Statistics) bulletin for the month of...
- One of the most prominent changes is the increase in the general index by a positive month-on-month change rate of 1.22 percent compared to August 2022.
- The largest increase was in the entertainment and culture category with 6.03 percent, compared to the previous month.