NMDC, AD Ports Group ink MoU
The firms will continue to work closely on future global projects.
Business
Economy
Qatar ranks 2nd in Gulf countries on corruption perceptions index
The index draws its data from a number of indicators issued by reputable international organizations, such as the World Competitiveness...
- The index draws its data from a number of indicators issued by reputable international organizations, such as the World Competitiveness Yearbook
- The index uses a scale from zero to 100, with zero being the most corrupt and 100 the most transparent
Business
Morocco: Overall port traffic up 11.6% in 2021
Moroccan ports have recorded a significant evolution of overall port traffic, which has risen from 172.1 million tons in 2020...
- The maritime and port sectors have overall shown great resilience to the Covid-19 pandemic
- The transshipment accounted for 41.9 percent of overall traffic, followed by imports of 33.3 percent
Business
Record real estate deals in 2021 will drive the sector in next 50 years: DLD
The record real estate transactions will contribute to driving the sector in the next 50 years during which the UAE...
- Real estate transactions worth almost AED 300 billion ($81.67 bn) were recorded last year, which is the highest ever in the recorded real estate history of Dubai.
- December 2021, in terms of overall index numbers, was the highest since February 2019 and the highest for index value since August 2018.
Business
Abu Dhabi non-oil trade in 11 months of 2021 totals $51.78 billion
The non-oil trade through Abu Dhabi ports during 11 months in 2021 amounted to AED190.20 billion ($51.78 bn), an increase...
- Imports accounted for AED83.63 billion of the non-oil trade and non-oil exports for AED71.17 billion, an increase of 5.4 percent compared to the same period last year.
- The re-exports were valued at nearly AED35.39 billion, an increase of 10 percent compared to 2020.
Business
Etisalat Group buys out elGrocer DMCC
Emirates Telecommunications Group Company PJSC (Etisalat Group) has completed the acquisition of elGrocer DMCC, the company said it a statement.
- Founded in 2015, elGrocer is a leading online marketplace for groceries operating in all seven Emirates of the UAE
- The acquisition of elGrocer will complement Etisalat UAE’s existing marketplace services under the ‘Smiles’ brand
Business
Season 8 of ABB FIA Championship set to kick off in Riyadh
Season 8 of the ABB FIA Formula E World Championship is set to launch in Saudi Arabia, and some of...
- Run under lights at the UNESCO World Heritage Site outside Riyadh, the races will be held in the Kingdom for the fourth time
- The eight season of the ABB FIA Formula E World Championship begins with a double-header in Diriyah, with a new qualifying format, along with the ever-popular Fan Boost
Geostrategy
IATA urges governments to accelerate lifting of travel restrictions
The International Air Transport Association (IATA) urges urged governments to accelerate the relaxation of travel restrictions, saying evidence suggests a...
- IATA cites a study that says there is minimal impact of travel restrictions on controlling the spread of Omicron.
- The billions spent testing travelers would be far more effective if allocated to vaccine distribution or strengthening healthcare systems, says IATA director.
Business
Tunisia allows digital sector firms to bid in convertible foreign currencies
The Central Bank of Tunisia (BCT) has authorized companies operating in the digital sector to bid for public tenders in...
- Bidding allowed for tenders for imported hardware and software in 2022.
- The authorization from the Central Bank of Tunisia came after a 'positive opinion' from the Ministry of Finance.
Economy
Dubai Metro cuts emissions by 2.6m tons, yields $31bn in benefits
Dubai Metro has eliminated about 1 billion private-vehicle journeys, yielded monetary benefits worth AED115 billion and reduced carbon dioxide emissions...
- The Metro has eliminated about 1 billion private-vehicle journeys, said Mattar Mohammed Al Tayer, Chairman of the Board of Executive Directors of the Roads and Transport Authority.
- Al Tayer said the metro network, which spans 74 km, had been completed in just four years. The total length of the rail network is about 101 km.
Geostrategy
Italy, UAE discuss the digital revolution in healthcare sector
With a medical devices industry turnover of Euro 17 billion, 4,400 companies and nearly 94,000 professionals, Italy is at the...
- With a medical devices industry turnover of Euro 17 billion, 4,400 companies and nearly 94,000 professionals, Italy is at the forefront of telemedicine
- The Innovation Talks are a platform to foster the dialogue between Italy and UAE initiated by the Embassy of Italy to the UAE last year
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
NMDC, AD Ports Group ink MoU
The firms will continue to work closely on future global projects.
Business
Company News
IHC acquires stake in Burjeel
Business
Latest News
APICO to list on Nomu
Business
Sharjah Taxi to scale up its fleet of hybrid cars by 65 percent
Sharjah, UAE— Sharjah Taxi intends to increase the number of its hybrid cars running on both fuel and electricity. The...
Business
Foreign firms can now get approval for dual listing on Tadawul
Riyadh, Saudi Arabia— Foreign companies will be able to obtain approval for dual listing on the Saudi market, according to...
Business
Arab Broadcasting Festival set to begin in Riyadh, in November
Riyadh, Saudi Arabia—The stage is set for the Arab Broadcasting Festival to begin next month in Riyadh as preparations have...
Business
Most Read
Science
21 Saudi Universities figure in Times Higher Education list
RIYADH, SAUDI ARABIA - The number of Saudi universities in the Times Classification of Specializations increased to 21 Saudi universities,...
- Saudi universities are distinguished in 10 major disciplines out of the 11 majors in which international universities are ranked.
- The Kingdom’s universities rankings include 47 in physical sciences, 56 in computer science and 57 in engineering.
Geostrategy
Jordan to host renewable energy investment forum
AMMAN, JORDAN - Amman is scheduled to host the Seventh International Investment Forum for Renewable Energy and Energy Efficiency in...
- The forum will discuss over three days many important and vital issues on various fields of renewable energy, energy efficiency, green hydrogen.
- The forum's themes will also cover innovative agricultural patterns, energy management, carbon trading.
Geostrategy
Jordan cabinet reshuffle aims at modernization plans
Jordan's cabinet reshuffle is a mandate for the government to work within the Kingdom's three modernization tracks, launched at the...
- The plans include political, economic and public sector modernization.
- The new tasks for the government are streamlining performance, improving public service, attracting investment and economic development.