Dubai Investments acquires 7.68% more stake in Monument Bank
Dubai, UAE - Dubai Investments, the leading investment company listed on the Dubai Financial Market (DFM), acquired additional 7.68 percent...
Business
Qatar’s business conditions continue to improve in October
DOHA, QATAR – Qatar's non-energy private sector continued to experience improving business conditions at the start of the final quarter of...
Business
Science
World’s first hydrogen-powered flying boat, ‘THE JET,’ set to launch in Dubai
Swiss based start-up THE JET ZeroEmission announced that it has inked an agreement with Zenith Marine Services LLC, a UAE...
- ‘THE JET’ features cutting-edge characteristics and technologies, making it capable of flying in silence over the waters at a cruising speed of 40 knots
- The flying boat’s cutting-edge fuel cell technology will be delivered in Dubai for a historic inaugural flight, during the next COP28 UAE preparatory meetings
Business
Arab Bank profit up 61%
The net income after tax rose from $195.3m to $314.5m.
- The Arab Bank Group consolidated the financial statements of Oman Arab Bank under its group accounts
- This increased total assets by $8.4 billion to $63.8 billion, compared to $54.4 billion for the same period last year
Geostrategy
Oman, Finland explore boosting trade, investment cooperation
The meeting explored the available opportunities in the two countries, particularly in the fields of tourism, industry, research, mining and...
- The meeting explored the available opportunities in the two countries, particularly in the fields of tourism, industry, research, mining and economic diversification sectors
- An agreement of cooperation was signed by companies from both countries, which will contribute in the transfer of knowledge and grooming the skills of Omani youth
Geostrategy
UAE intercepts, destroys ballistic missile launched by Houthis
The UAE Ministry of Defence gas confirmed there were no casualties resulting from the attack and the fragments of the...
- The attack comes exactly a week after missiles launched by the Houthi in Yemen targeted the UAE and Saudi Arabia
- It also comes exactly two weeks after at least three people were killed in a Houthi attack on the UAE capital of Abu Dhabi
Geostrategy
Bahrain foreign minister, Turkish counterpart discuss ties
Dr. Al Zayani welcomed his Turkish counterpart, praising the friendly relations between the two countries.
- Dr. Al Zayani welcomed his Turkish counterpart, praising the friendly relations between the two countries
- Çavuşoğlu hailed the friendly relations between the two countries, stressing the keenness of Turkey to improve relations and cooperation
Business
Arab countries offer Iraq to set up industrial cities
Iraq signed the first agreement to build an economic city with Jordan.
- Iraqi ministry revealed that it has received several offers from Syria, Jordan, Saudi Arabia, Iran and Kuwait to build industrial cities in the country
- The first contract was signed in the holy Karbala for the construction of an industrial city specialized in petrochemicals and engineering
Business
Abu Dhabi Maritime to control ferry services functioning in Emirates
The organization is integrating the Ferry Operations Branch of the Integrated Transport Center under the scope of its services.
- The move will see Abu Dhabi Maritime manage and oversee the daily operation of the emirate’s two major ferry lines
- The organization will also drive the development of several key business areas associated with ferry operations
Geostrategy
UAE deputy PM attends ‘Arab Gulf Security 3’ exercise in KSA
Deputy Prime Minister and Minister of the Interior of the UAE Lt. General Sheikh Saif bin Zayed Al Nahyan attended...
- Participants in the exercise implemented security scenarios in detail, which has proven the success of this joint GCC mobilization
- Increasing the level of coordination, readiness, and preparedness among security forces were also discussed in the exercise
Dubai Academic Health Corporation embarks on four-pronged future plan
The Dubai Academic Health Corporation has agreed on four bases as a part of its strategic plans and future goals....
- The four bases of the strategy are Care, Learning, Discovery, and Giving and Stewardship.
- The strategy was discussed at the fourth Board of Directors meeting of the Dubai Academic Health Corporation.
Geostrategy
GCC for Arab States hails security exercise as ‘message of determination’
Dr. Nayef Falah Mubarak Al-Hajraf, Secretary-General of the Gulf Cooperation Council (GCC) for Arab States, has affirmed that the security...
- Arab Gulf Security 3 helps GCC countries address including combating terrorism, organized crime, drugs, border security and cybersecurity, says Al-Hajraf.
- Al-Hajraf, Secretary-General of the Gulf Cooperation Council (GCC) for Arab States, hailed security cooperation among the Gulf states.
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Dubai Investments acquires 7.68% more stake in Monument Bank
Dubai, UAE - Dubai Investments, the leading investment company listed on the Dubai Financial Market (DFM), acquired additional 7.68 percent...
Business
Company News
DEWA, Desolenator ink pact
Business
Latest News
Arab democratization slides further in 2021
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ADNOC sets Upstream Methane Intensity target of 0.15 percent by 2025
Abu Dhabi, UAE--- Abu Dhabi National Oil Company (ADNOC) announced on Monday that it has set a new Upstream Methane...
Business
Saudi Arabia’s GDP grows by 8.6 percent in third quarter of 2022
As per estimates by the General Authority for Statistics (GASTAT), real Gross Domestic Product (GDP) of Saudi Arabia grew by...
Economy
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Economy
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...
- The scale of the loss can be gauged from the fact it is slightly more than the annual economic output of Morocco ($132 billion)
- The loss could mean that the bank halts payouts to the Swiss federal and cantonal governments next year
Business
Taaleem to raise US$204.21 million in IPO
Dubai school operator plans to expand its network.
- Taaleem will offer 10% of its shares to retail investors starting Nov 10, and 88% of its shares to professional investors on Nov. 17
- The company said another 2% will be offered to Eligible Employees and Eligible Parents
Business
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...
- Minister of Economy of Azerbaijan, Mikayil Jabbarov, lauded the relations both countries enjoy, noting that Azerbaijan is eager to further develop its relations with Qatar
- The Qatar-Azerbaijan Joint Business Council aims to assist in setting up direct partnership links between business entities of both countries