KEZAD Group signs lease agreement with Advanced Petro Services
ABU DHABI, UAE - Khalifa Economic Zones Abu Dhabi (KEZAD) Group, the integrated trade, logistics, and industrial hub of Abu...
Business
Geostrategy
ILO selects Qatar as member of fair recruitment panel
Qatar is one of the five countries the ILO has as a member of the Advisory Committee of its Fair...
- The selection of Qatar as a member of the committee reflected its progress in promoting fair employment, said official sources
- It also demonstrated Qatar’s commitment to labor migration and fair recruitment through a human rights-based approach, they added
Business
UAE Space Agency plans Space Economic Zone at Masdar City
The aim of the venture is said to be to create an integrated business ecosystem to propel startups and SMEs.
- The Space Economic Zone in Masdar City is expected to encourage the development of the national space industry
- The economic zone will apparently do that by offering world-class infrastructure and an enabling environment
Science
Sharjah University, AUS to launch research for sustainable energy solutions
The Sharjah Research, Technology, and Innovation Park (SRTI Park) revealed an ambitious plan to be executed in cooperation with the...
- A proposed solution is to convert the generated hydrogen into fuels and chemicals for easier transportation.
- AUS scientists are researching the production and use of various hydrogen-carrying molecules in industry.
Geostrategy
Lebanon judges to visit Paris over central bank chief probe
A Lebanese judicial delegation will meet French authorities in Paris next week to discuss investigations into Lebanon's central bank governor...
- Central bank governor Riad Salameh is among the top Lebanese officials widely blamed for the country's unprecedented financial crisis.
- He is the target of a series of judicial investigations in Lebanon, Switzerland and France on suspicion of fraud, money laundering.
Business
Saudi Arabia’s real estate Price Index increased by 0.9 percent in Q4 2021
The General Authority for Statistics (GASTAT) released today through its official website a report on Real Estate Price Index in...
- Residential land prices were responsible for the rise in real estate prices in Q4 of 2020.
- The Real Estate Price Index is a statistical tool for measuring the relative change in real estate prices in the kingdom.
Business
Dubai Crown Prince forms committee to oversee Hatta development
Dubai Crown Prince and Chairman of The Executive Council of Dubai Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum has...
- The Committee is tasked with attracting investments in Hatta by creating investment opportunities for the public and private sectors.
- The Committee will also be responsible for approving Hatta’s promotional and marketing plan locally and internationally.
Business
Sharjah Chamber and European Women Association to foster trade ties
The agreement also provides the exchange of commercial data and statistics
- An MoU signed by the two sides will encourage the exchange of trade delegations and discussions in the fields of export and economy.
- The MoU was signed by Abdullah Sultan Al Owais, Chairman of the SCCI, and Yulia Stark, President of the European Women's Association.
Business
Masdar, Mitrabara announce JV
The venture targets commercial and industrial segment.
- The venture will help Masdar expand its presence in Indonesia and support the nation’s clean energy and climate objectives.
- Masdar entered the Indonesian market in 2020, forming a joint venture with PT PJBI, a subsidiary of Indonesia’s state electricity company.
Science
Salem AlMarri promoted as Director of Mohammed Bin Rashid Space Centre
Salem Humaid AlMarri, Deputy Director General of Mohammed Bin Rashid Space Centre (MBRSC), has been promoted as the Director General...
- The decision was issued by Dubai Crown Prince and President of the Mohammed Bin Rashid Space Centre, Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum.
- With over 15 years of experience, AlMarri has been responsible for ensuring the success of various programs within the UAE National Space Program.
Economy
Solar power costs in US decreased 80% since 2009: DOE
The US Department of Energy put forward the observation in the third edition of the Solar Power in Your Community...
- The price has dropped from a little less than $0.30 per unit in 2009 to around $0.04, according to a chart shared by the DOE
- Federal incentives have spurred dramatic increases in solar deployment, according to the new report
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
Latest News
Agthia to pay $17m dividend
Business
UAE-Kazakhstan trade reached $907 million in 2021: Ambassador Menelikov
The Kazakhstan ambassador valued the UAE leadership's interest in strengthening relations between the two countries, pointing out that the 1st...
Business
Saudi PIF to establish five companies for investments in five Arab countries
The five companies, together with Saudi Egyptian Investment Company (SEIC), a wholly-owned PIF subsidiary that was launched in August 2022,...
Economy
Dubai real estate market records deals worth $462 million on Tuesday: DLD
Dubai, UAE--- Dubai real estate market recorded real estate transactions worth AED1.7 billion ($462 million) on Tuesday, Dubai Land Department...
Business
Most Read
Geostrategy
Aramco chief at FII6: World needs realistic, optimal energy transition plan
"The current transition plan isn't working. We are still dependent on coal. We need to have a new consensus on...
- Lord Adair Turner, chair of the Energy Transitions Commission, said Europe was burning more coal this year as it is shot of gas, but transition towards renewables is ongoing.
- Saudi Finance Minister Mohammed Al Jadaan said there is more thinking about renewable energy and a realization that the transition to renewables is not going to take place soon.
Economy
Early preparations put GCC in better place to face tough economic conditions: Saudi finance minister
Saudi Arabia has prepared for years for the conditions that the world is witnessing, which enabled it to be in...
- Saudi Arabia has prepared for years for the conditions that the world is witnessing, which enabled it to be in a better status than many other countries, says Al-Jadaan in Riyadh
- Saudi Arabia is mobilizing the capabilities of multilateral development institutions to ensure support for regional countries, the Kingdom's Finance Minister added.
Business
CMA approves 18 listings on Tadawul
Tadawul is also developing a market marker for the bourse.
- According to Mohammed al-Rumaih, CEO of Tadawul, the Capital Market Authority has approved 18 listings through 2022
- The number surpasses the 2021 figure, which saw 21 listings, as well as the number witnessed in 2020, when the market recorded only eight listings