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
Business
DEWA and Tajik diplomats discuss tie-up in energy sector
Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA), met with Ilhom Abdurahmon, Consul-General of...
- The meeting at DEWA Head Office discussed ways to develop cooperation in energy and water sectors and topics of mutual interes
- Abdurahmon expressed his appreciation for DEWA’s efforts to enhance partnership and friendly relations
Business
Nakilat net profit $370m
This is the company's highest profit since its inception.
- Earnings per share (EPS) amounted to QR 0.24 as of 31 Dec 2021 versus Earnings per share (EPS) of QR 0.21 for the same period in 2020.
- For this period, the company's Board recommends a cash dividend at QAR 0.12 per share.
Economy
Jordan king meets economists, says national workshops should lead to economic roadmap
He noted that the roadmap should outline the way to guarantee sustainable comprehensive development and provide economic opportunities.
- He noted that the roadmap should outline the way to guarantee sustainable comprehensive development and provide economic opportunities
- The King also pointed to the importance of the participation of all segments of society and economic sectors, in order to expand dialogue and participation
Arts & Culture
Lebanon returns 337 artifacts from different eras to Iraq
The items returned have been characterized as ‘witnesses to the childhood of human history.’
- The artifacts had been on display in a Lebanese museum for several years
- The items are said to have included clay tablets and pieces of pottery
Business
DP World Q4 volume up 2.6%
The gross container volumes rose by 9.4% year-on-year.
- DP World has said its gross volume growth in 2021 overall was reportedly broad based
- India, Asia Pacific, Middle East & Africa, Europe, Australia, and the Americas were key growth drivers
Videos
Which GCC countries have largest renewable capacity?
From solar farms to wind energy, the infrastructure is being put in place at varying paces by GCC nations.
- Saudi Arabia is developing a sustainable renewable energy sector to support its economic growth
- More and more industries in the UAE are embracing solar in a big way as power demand rises
Economy
Smart Madinah Forum 2022 kicks off
The forum aims at discussing concepts of smart cities and their relations to improving the quality of life.
- The forum aims at discussing concepts of smart cities and their relations to improving the quality of life
- It is also a platform to discuss the role of innovation in enhancing sustainable development and getting acquainted with tools of civil innovation
Business
Participants from 42 countries to attend Abu Dhabi Date Palm Conference
The 7th International Date Palm Conference will be held at Emirates Palace Hotel, in Abu Dhabi, from 14th to 16th...
- Minister of Tolerance and Co-existence Sheikh Nahyan said that this year's conference is significant by all standards.
- 475 international researchers and experts will participate in the conference being held from 14-16 March.
Geostrategy
Saudi sends 60,000 more metric tons of diesel to Yemen under SDRPY
Around 60,000 metric tons of diesel, which is the seventh shipment of the Saudi oil derivatives grant for Yemen, arrived...
- The fresh shipment brings the the total amount of oil derivatives supplied to Yemen since the beginning of the grant to 596,000 metric tons.
- The oil derivatives grant is part of SDRPY support, which has provided more than 207 development projects and initiatives in several sectors.
Business
UAE and France aim to team up to meet energy challenges
The UAE and France held discussions on energy challenges and opportunities for collaboration in order to maximize energy system efficiency...
- The discussion took place between Awaidha Al Marar, Chairman of the Abu Dhabi Department of Energy, and Xavier Chattel, Ambassador of France
- Al Marar and Chattel underlined the importance of leveraging partnerships, Research & Development, and policymaking capabilities
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
AlBabtain launches IPO
Business
Latest News
UAE, Indonesia to cooperate in energy sector
UAE and Indonesia have signed a Declaration of Intent to boost economic and social development between the two countries and...
Geostrategy
AD Ports Group acquires 80% stake in GFS
The Group will look to integrate GFS into its Maritime Cluster.
Business
Arriyadh posts 20% profit drop
Its profit declined to $69.6m in the first nine months of 2022.
Business
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Business
ACWA Power to build 10 gigawatts wind project in Egypt
Riyadh, Saudi Arabia— ACWA Power Company of Saudi Arabia has signed an agreement with Egypt to build a 10 gigawatts...
- According to the Saudi Ministry of Energy, the agreement has been reached with Egypt’s New & Renewable Energy Authority and Egyptian Electricity Transmission Co
- Saudi Arabia’s ACWA Power has invested $1.5 billion in a wind power plant in Egypt as the company expands its horizons in renewable energy
Economy
GCC states raise interest rates after Federal Reserve’s hike
Most of the GCC states have raised their key interest rates in the wake of the Federal Reserve's decision to...
- The impact of higher interest rates among Gulf oil exporters in 2022 has so far been limited
- The IMF said higher oil prices are likely to lead to fiscal surpluses and growing foreign reserves for Gulf economies, which will reduce the need for governments to borrow
Economy
UAE president, Biden meet virtually to discuss energy transition
The two leaders highlighted the just announced comprehensive UAE-US initiative to accelerate the energy transition.
- The two leaders highlighted the just announced comprehensive UAE-US initiative to accelerate the energy transition
- UAE president briefed Biden on the UAE’s funding and assistance for clean energy projects on six continents