OFID’s US$25.5m loan to strengthen vocational education in Benin
VIENNA, AUSTRIA - The OPEC Fund for International Development (OFID) is extending a US$25.5 million loan to the Government of...
Economy
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.
Geostrategy
Arab League calls for end to daily Israeli aggression on Palestinians
Marking the Solidarity Day with the Palestinian People inside the 1948 borders, the League issued a statement calling upon the...
- The League stressed on the need to compel Israeli forces to stop settlement operations, confiscation, Judaization, desecration of Islamic and Christian sanctities.
- The rights of the Palestinian people inside 1948 and for their struggle and continuous defense of their land, rights and living were reaffirmed by the League.
Business
UAE and Australia discuss ways to strengthen bilateral relations
The deliberations were held during a meeting between Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International...
- Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, met with David Hurley, the Governor-General of Australia, at Expo 2020 Dubai.
- The two sides reviewed Australia's participation in Expo 2020 Dubai and the role played by this international event.
Business
Jazeera airways to buy 28 Airbus aircraft for $3.4bn
Jazeera Airways of Kuwait has placed an order for 28 Airbus aircraft worth $3.4 billion, according to media reports.
- The airline also signed another agreement to purchase two aircraft engines with an accumulated worth of $32.3 million to aid the firm’s operations
- The airline said that while there is no current financial impact on its operations, both agreements are anticipated to bring about a positive impact on the corporation
Business
Spend a night under stars in these trendy Dubai destinations
Overnight camping is one of the popular activities people indulge in during winters in Dubai. The city has several unique...
- Glamping or glamorous camping at the Damani Lodges or Sedr Trailers are exquisite options for a mountain escape, with barbecues and starry skies.
- Expo 2020 Lake is a must-visit destination for those looking for a camping adventure in the middle of the desert.
Economy
DEWA spends $16.33 million to extend water transmission pipeline
Dubai Electricity and Water Authority (DEWA) has completed 54.23 percent of the extension of several key water transmission pipelines in...
- The network spans over 22 kilometers and the diameter of pipes is 1200mm.
- The project location runs from Al Quoz Industrial Fourth to Al Thanyah Fifth, alongside Al Khail Road in Dubai.
Economy
Tunisia, Algeria, Morocco must support their local agriculture: OTE
The rise in international raw material prices has increased subsidy spending in Tunisia, Algeria, and Morocco.
- The Tunisian Observatory of Economy has recommended that Tunisia, Algeria, and Morocco support local agriculture, especially cereal cultivation
- This step, it said, would help the three countries avoid being at the mercy of price volatility on a global scale, and recover their food sovereignty
Geostrategy
UAE, Ethiopia discuss relations, latest regional developments
The discussions are said to have taken place at Qasr Al Watan, the presidential palace.
- The two countries reviewed the qualitative progress and opportunities in joint cooperation in various sectors
- They also noted that their bilateral relations witnessed significant development during the past years
Business
SACC picks board heads
It has also formed several panels that will function for three years.
- The SACC has said Mohammed Abdulaziz ‎Al Sarhan, an independent member, has been appointed chairman ‎of the Board of Directors‎
- It also announced the appointment of Raed Ibraheem Al Mudaiheem, another independent member, as the Vice-‎Chairman of the board‎
Business
Dubai sees weeklong real estate transactions worth $1.33bn
This was the result of a total of 1,724 transactions, according to figures released by the Dubai Land Department.
- A total of 139 plots were sold for AED784.14 million ($213.52 million) in Dubai
- In addition, 1,172 apartments and villas were sold for AED2.73 billion ($743.36 million)
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DEWA, Desolenator ink pact
Business
Arab democratization slides further in 2021
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UAE, China eye $200bn bilateral trade by 2030
The UAE is China’s most important trade partner in the Arab world and responsible for 28 per cent of total...
Infographics
Major Saudi Arabian cities witness strong demand for residential, office real estate
Saudi government policies like 15 percent VAT exemption on real estate deals and affordable housing programs are boosting residential real...
Infographics
UAE, Kyrgyz Presidents review bilateral relations
ABU DHABI, UAE - President Sheikh Mohamed bin Zayed Al Nahyan Monday received President of the Kyrgyz Republic Sadyr Japarov,...
Geostrategy
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Business
Banque Saudi Fransi net profit up 15%
The bank’s profit for the nine-month period peaked at $719m.
- The hike in profit was driven by boost in total operating income, partially offset by an increase in total operating expenses by 20.18 percent.
- The bank said the increase in total operating income was driven by higher net special commission income, exchange income, net as well as other operating income.
Business
Nedaa, Nokia ink 5G deal in Dubai
5G network will help Nedaa provide better services.
- With the introduction of 5G, Nedaa will be able to support enhanced services for public safety and management of vital operations.
- The MoU sets a framework for upgrading the existing network capabilities and introducing agile and advanced services.
Business
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...
- ADNOC’s 0.15 percent methane intensity target means ADNOC will be ranked in the Gold Standard category by the Oil and Gas Methane Partnership 2.0 (OGMP 2.0.
- Oil and Gas Methane Partnership 2.0 (OGMP 2.0 is a a multi-stakeholder initiative launched by the United Nations Environment Program (UNEP) and the Climate and Clean Air Coalition.