AI to contribute in enhancing low-emissions development
BONN, GERMANY - Artificial intelligence (AI) can make substantial contributions to climate-resilient and low-emissions development. UN Climate Change’s Initiative on...
Science
Al Ansari Financial Services okays dividend
The first proposed interim dividend is of $81 million.
Business
Business
HP, UAE sign education MoU
MoU aimed at enhancing cyber skills training in UAE schools.
- HP and the Cyber Security Council will launch various initiatives nationwide and expect to work with more than 500 students a year.
- The partnership with the Cyber Security Council has three separate elements that support schoolchildren, university students, and graduates.
Economy
Jordan’s tourism revenues hits $2.7 billion in 2021
The higher revenue this year as a result of the increase in the number of tourists, which was 2.358 million.
- Tourism contributes in a significant way to the economy of Jordan
- However, some observers say that the sector has a lot of room for improvement
Business
FB ad policy irks Iraq NGO
Facebook has been mired in global controversies for its ad policies.
- The most prominent Facebook ads controversy was when Cambridge Analytica targeted political ads at users after collecting their data without consent
- The results were advertisement that led to Donald Trump winning the US presidential election, and Britain voting to exit the EU
Business
UAE banks saw 80% growth in deposits in 10 years
Deposits at banks in the UAE grew 80 percent to AED1,884 billion ($513 billion) in 2020 from AED1,049 billion ($285.64...
- The number of commercial banks operating in the UAE totaled 58 in 2020 against 51 in 2010
- The licensed insurance companies increased from 238 in 2010 to 314 in 2015 to 406 in 2020
Business
Amman Chamber of Industry exports up by 17 percent in 2021
The exports of the Amman Chamber of Industry (ACI) increased last year in 2021 to "high" levels, compared to 2019,...
- The United States, India, Saudi Arabia and Iraq accounted for the majority of the Chamber's exports last year, with a value of JD3.111 billion.
- ACI exports rose during the same year to many Arab and foreign countries, most notably Indonesia, Egypt, Brazil, Algeria, Turkey, Sudan, Yemen and Malaysia.
Geostrategy
GCC seeks closer ties with EU to achieve common interests
During the visit, the secretary-general of the GCC will meet a number of senior officials of the European Union.
- The secretary-general expressed his aspiration for this visit to contribute to strengthening Gulf-European relations
- The two sides will also discuss the importance of strengthening and developing economic and investment relations
Business
Breakbulk Middle East to host top female executives, discuss challenges
Middle East’s largest breakbulk and project cargo event Breakbulk Middle East will host the ‘Women in Breakbulk Breakfast’, as part...
- A 2021 survey conducted by Gartner Inc shows that women comprise 41 percent of the supply chain workforce in 2021, up from 39 percent in 2020.
- The primary aim of BBME is to bridge the gender gap in the breakbulk and project cargo industry.
Business
Dubai records biggest real estate deals worth $41bn in 12 years
During the course of last year, Dubai real estate saw a momentous growth, resulting in deals worth close to $41.1...
- The total number of deals last year reached 61,241, the largest number since 2013, according to media reports
- Of these deals, ready made properties accounted for 60 percent of total real estate transactions in Dubai in 2021, while the rest was made up of off-plan properties
Geostrategy
UAE and Algeria to explore ways to boost ties
The UAE and Algeria will work to further strengthen ties between the two countries, and both have shown appreciation for...
- During the meeting, which took place at Emirates Palace, Abu Dhabi, the sides discussed means of enhancing ties between their countries
- They also exchanged views a number of regional and international issues of common interest, developments in the region
Economy
80 global leaders to address Abu Dhabi Summit ‘virtually’
The Abu Dhabi Sustainability Week summit, hosted by Masdar, will take place virtually on Monday, 17th January. The Summit will...
- The Summit will take place between 1:00pm – 9:00pm GST, and will convene more than 80 global leaders
- The opening sessions of the ADSW Summit will include a head of state address from President Halimah Yacob of Singapore
AI to contribute in enhancing low-emissions development
BONN, GERMANY - Artificial intelligence (AI) can make substantial contributions to climate-resilient and low-emissions development. UN Climate Change’s Initiative on...
Science
Company News
Latest News
Al-Ittefaq plans an IPO
Business
Egypt, IMF reach agreement on EFF arrangement
Egypt and International Monetary Fund have reached a staff-level agreement on the economic policies to be supported by a 46-month...
Economy
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...
Geostrategy
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...
Economy
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Economy
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,...
- The announcement was made on the second day of the 6th Edition of the Future Investment Initiative, where top CEOs, investors and world leaders are participating.
- The companies will invest in various key sectors, including but not limited to, infrastructure, real estate development, mining, healthcare and financial services.
Business
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...
- The transactions included 425 sales transactions worth AED1.32 billion, in addition to 71 mortgage deals of AED386.7 million, and 12 gift deals amounting to AED56.77 million.
- The sales included 403 villas and apartments worth AED1.17 billion, and 22 land plots worth AED149.92 million.
Business
First Abu Dhabi Bank Group net profit for nine months of 2022 $2.96 billion
The bank said impairment charges were AED1.7 billion, 11 percent lower YOY.
- The bank said that the total income reached AED18 billion, up 13 percent yoy, driven by 18 percent growth in net interest income.
- Total income for the nine months includes an AED3.1 billion net gain on the sale of a stake in Magnati.