Arab ministers meet in Jordan, seek resolution to Gaza conflict
AMMAN, JORDAN – Foreign ministers from key Arab nations – including Saudi Arabia, the United Arab Emirates, Egypt, Qatar, and...
Geostrategy
Geostrategy
UNHCR partners with Qatari climber for refugee welfare
The UNHCR announced the partnership with Qatari athlete Sheikha Asma Al-Thani in a statement on its official website.
- The UN refugee agency partnered with Sheikha Asma Al-Thani to raise awareness on the plight of refugees
- She is also expected to help the agency advocate for the rights of those forced to flee due to conflict and persecution
Geostrategy
Reports saying Lebanon president ordered bank raids baseless: Press Office
The Lebanon Presidency Press Office denied the information broadcasted by Al-Jadeed TV on Sunday evening, which claimed that the President...
- The President's Press Office said this news is fabricated and baseless.
- The Press Office also denied reports about a meeting held at Baabda Palace.
Business
Arada enters Dubai market
Full details will be revealed at the sales launch, scheduled to take place in the third quarter of 2022.
- Design work on Arada’s mixed-use project on Palm Jumeirah has begun and will contain residential, leisure and F&B components
- Arada’s projects include Aljada, Sharjah’s largest ever mixed-use megaproject where 5,000 units are currently under construction
Business
Jordan’s ISSF to invest $1.5 million in Dubai-based Global Ventures
The Innovative Startups and SMEs Fund (ISSF) will invest $1.5 million in Global Ventures
- Global Ventures is a Dubai-based growth-driven venture capital firm focused on investing in growth-stage technology.
- Investing in progressive funds such as Global Ventures supports ambitious SMEs to expand their businesses, ISSF said.
Science
Malaria No More and CPC of Abu Dhabi to fight the disease
Malaria No More has announced the launch of a new global institute with the mission to combat malaria in the...
- It has partnered with the Crown Prince Court of Abu Dhabi (CPC) and the Reaching the Last Mile program to achieve its objective
- The announcement was made at the summit event of Abu Dhabi Sustainability Week, during a session focused on climate change
Business
Assets of Jordan’s Social Security Investment Fund rise by JD1.1 bn in 2021
The assets of Jordan's Social Security Investment Fund (SSIF), the investment arm of the Social Security Corporation (SSC), jumped by...
- The fund’s overall returns on investment (ROI) amounted to JD575 million in 2021 against JD509 million in 2020.
- Bonds account for 57 percent of the SSIF’s investment portfolio, followed by stocks 16.6 percent.
Geostrategy
UAE and UN commit to achieve Sustainable Development Goals
The UAE and the UN have committed to further enhance collective international action to achieve the UN Sustainable Development Goals.
- The resolve was expressed in a meeting between Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs, and Amina Mohammed, Deputy Secretary-General of the UN
- The two sides also reviewed Expo 2020 Dubai's hosting of the Global Goals Week in cooperation with the UN
Business
She overcame prejudice to ride sea waves
Sahar Al Rasti, the first Emirati female ship captain, said that working behind the rudders of ships for long days,...
- Her journey began in 2015 while working in the ports of Abu Dhabi as an administrative assistant
- The captain explained that she is very passionate about her job and craves to learn new things like discovering the secrets of maritime navigation
Business
TAQA Group, EWEC price green bond
The bonds were 1.8 times oversubscribed.
- The bonds, one of TAQA’s first forays into green financing, will refinance existing debt facilities of SPPC.
- TAQA is one of the largest listed integrated utility companies in the Europe, the Middle East and Africa.
Business
Empower begins to operate a new cooling plant in Dubai
Emirates Central Cooling Systems Corporation (Empower) has started operating the first phase of its new District Cooling plant in Za’abeel,...
- The total cooling capacity of the plant will be 50,000 RT upon completion
- It will be interconnected with the company’s existing district cooling plant in Dubai International Financial Centre (DIFC) to deliver total cooling energy of 112,000 RT
Arab ministers meet in Jordan, seek resolution to Gaza conflict
AMMAN, JORDAN – Foreign ministers from key Arab nations – including Saudi Arabia, the United Arab Emirates, Egypt, Qatar, and...
Geostrategy
Company News
Agthia to pay $17m dividend
Business
Latest News
Emirates NBD profit rises 25 percent to $2.47 bn for Jan-Sept period
Q3 profit was AED3.8 bn, up 51 percent year-on-year, exceeding the $1bn mark.
Business
Emirates Islamic bank net profit for Jan-Sept period $285 million
The bank attributed the profit to higher funded and non-funded income.
Business
UAE President, Austrian Chancellor discuss bilateral relations
UAE President Sheikh Mohamed bin Zayed Al Nahyan and Federal Chancellor of the Republic of Austria Karl Nehammer met in...
Geostrategy
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Geostrategy
Arab-Israeli banker talks up Saudi market at investor forum
Samer Haj-Yehia, the Arab-Israeli chairman of Bank Leumi since 2019, was addressing the Future Investment Initiative, a three-day conference held...
- "You see the economy is very healthy, unlike other economies around the world, and the prospects for the future are very positive," he said.
- His comments follow rampant speculation about future bilateral ties between Saudi Arabia and Israel, which US officials stoked ahead of Joe Biden's visit to Jeddah in July.
Economy
UAE tops list of foreign direct investors in Egypt: Egyptian PM
The UAE president Sheikh Mohamed bin Zayed Al Nahyan, and Abdel Fattah El Sisi, President of Egypt have met recently...
- The UAE president Sheikh Mohamed bin Zayed Al Nahyan, and Abdel Fattah El Sisi, President of Egypt have met recently on several occasions
- Egypt eyes the effective participation of UAE investors under the umbrella of the State Ownership Policy Document, Egyptian PM Madbouly said
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...
- Emirati investments in Kazakhstan amounted to about $2.7 billion since the establishment of diplomatic relations.
- Value of Kazakh investments was more than $1 billion, and total direct investment flows from the UAE increased 43 percent.