NMDC, AD Ports Group ink MoU
The firms will continue to work closely on future global projects.
Business
Business
Oman and Finland seek to boost business ties
Oman and Finland are looking to boost cooperation between the private sectors of two countries, particularly in the fields of...
- The meeting also highlighted aspects of enhancing cooperation between the private sectors of the two countries
- The Finnish minister underscored his country’s keenness in developing relations between the two countries
Business
Silal to deploy IoT sensors in 100 farms for improving productivity
Silal, Abu Dhabi-based food and agritech company, in collaboration with Hoogendoorn, one of the world’s innovators in horticulture, on Tuesday...
- Silal will collaborate with Hoogendoorn, one of the world’s innovators in horticulture.
- This project is aimed at enabling local farmers and advisors to make better decisions on irrigation, fertilization, and crop management to maximize locally-grown fresh produce.
Economy
UAE and UK look to upgrade economic ties
The United Arab Emirates and the UK have agreed to develop trade and economic relations between the two countries.
- The two parties highlighted the high level of bilateral relations between the UAE and the United Kingdom, and the joint desire in constantly developing these ties
- The two sides also praised the progress made in countering illicit financial flows
Business
DFM 2021 net profit $28m
Its total revenues reached AED294.6m in 2021, reduces expenses by 4 percent.
- In the fourth quarter of 2021, the net profit increased by 269 percent to AED65.7 million compared to AED17.8 million in the corresponding period of 2020.
- The company's Board of Directors recommended a 3 percent cash dividend to the shareholders, which is equivalent to AED240 million.
Business
Oman and Syria agree to boost cooperation ‘in all fields’
The foreign ministers of Syria and Oman have held discussions on how to promote cooperation between the two countries on...
- They also underscored the importance of dialogue and resolving various issues through peaceful political solutions in a manner that serves aspirations of peoples
- The talks laid emphasis on the keenness of the two countries' leaderships to enhance and develop these relations in all fields
Business
Arada awards $87m housing contract in Aljada project
Arada has awarded an AED322 million ($87m) contract to build eight premium apartment buildings in Aljada, the AED24 billion lifestyle...
- The contract involves eight Tiraz buildings form part of Naseej District, the new creative neighborhood at Aljada, containing 920 homes.
- Spread over a 24 million square foot area, Aljada is Sharjah's largest ever project and a transformational destination for the Emirate.
Economy
India announces digital currency and ‘crypto tax’ in budget
India will have its own digital currency starting 2022-23, Finance Minister Nirmala Sitharaman said while announcing the country’s budget for...
- India is launching a digital currency that is expected to use blockchain and other technologies
- The country is also levying a 30 percent tax on all virtual digital assets, which could mean cryptocurrencies
Geostrategy
KSA, Iraq sign MoU on agricultural, livestock, fisheries cooperation
The MoU was concluded during the preparatory and ministerial meetings between the two sides.
- The MoU was concluded during the preparatory and ministerial meetings between the two sides
- The two countries discussed issues of common concern in the fields of environment, water, agriculture, and food security
Geostrategy
Committed to two-state solution, US tells Palestine
US Secretary of State Antony Blinken spoke with Palestinian Authority President Mahmoud Abbas on Monday, January 31.
- The two parties discussed the importance of strengthening the US relationship with the Palestinian Authority
- They also discussed the need to improve the quality of life for Palestinians in tangible ways
Business
Business accelerator set to develop cybersecurity sector in Saudi Arabia
Saudi National Cybersecurity Authority (NCA) has launched a business accelerator specialized in the foundational technologies and priority emerging technologies in...
- The launch of the accelerator comes in a strategic partnership with the Saudi Information Technology Company (SITE)
- The accelerator will support the most growing sectors in cybersecurity by activating national and international partnerships
Most Read
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
Company News
DEWA, Desolenator ink pact
Business
Latest News
Arab democratization slides further in 2021
Infographics
Swiss National Bank loses nearly $143bn in first nine months
The scale of the loss can be gauged from the fact it is slightly more than the annual economic output...
Economy
Qatar and Azerbaijan to enhance trade, energy relations
Doha, Qatar— Qatar and Azerbaijan have decided to enhance relations in the fields of energy and trade and in this...
Business
Most Read
Business
Qatar Digital Incubation Center fostering 25 new startups
The selection was made from among 42 competing startups which presented their projects in front of a specialized judging panel.
- The selection was made from among 42 competing startups which presented their projects in front of a specialized judging panel
- The startups in IdeaCamp will enjoy DIC guidance and support throughout their incubation, as well as office space for two years
Economy
UAE refunds tax incurred on building, operating mosques
The FTA will begin accepting applications for refunding input tax incurred on building mosques from Nov 1.
- The FTA will begin accepting applications for refunding input tax incurred on building mosques from Nov 1
- Refund of input tax includes expenses related to the actual construction process of the mosque
Economy
Egypt to grant ‘golden license’ in order to boost investment
The license will allow investors to buy or rent lands, operate and manage the projects and allocate the necessary facilities...
- Egyptian President Abdel Fattah Al-Sisi has issued a directive during the inauguration of the first International Forum and Exhibition for Industry
- The decision came following Egypt’s agreement with the International Monetary Fund, allowing the country to obtain an extended credit facility of $3 billion