Middle East conflict alters regional energy dynamics
Chevron's Tamar gas field halt, rising global oil prices, and jeopardized gas supplies to Egypt and Jordan underscore the impact...
Business
Geostrategy
Abbas meets al-Sisi, discusses bilateral cooperation
The two met on the sidelines of the 4th edition of the World Youth Forum being held in Egypt's Red...
- The two met on the sidelines of the 4th edition of the World Youth Forum being held in Egypt's Red Sea resort city of Sharm El-Sheikh
- Abbas briefed Al-Sisi on the latest developments in the Palestine-Israel conflict and human rights violations against the Palestinian people in the occupied territories
Economy
Jordan revenues from income, sales tax hit $7.35bn in 2021
While sales tax collection rose 14 percent, income tax collection rose 7 percent from 2020 to 2021.
- Sales tax collected by Jordan in 2021 reached JD4.037 billion ($5.69 billion), up from JD3.534 billion ($4.98 billion) in 2020
- Revenues collected as income tax in 2021 reached JD1.176 billion ($1.66 billion), up from JD1.103 billion ($1.56 billion) in 2020
Business
Zoho inks Dubai deal
The agreement will help Dubai’s creative entrepreneurs.
- The agreement aims to support the emirate's creative entrepreneurs through their digital transformation journey
- It will also look to enhance the efficiency of their businesses, and simplify daily operations
Geostrategy
Jordan-US discuss bilateral cooperation, strategic partnership
Jordan Foreign Minister Ayman Safadi held talks with state department officials on the new MoU on the strategic partnership between...
- Jordan Foreign Minister Ayman Safadi held talks with state department officials on the new MoU on the strategic partnership between the two countries
- Safadi is scheduled to meet with US Secretary of State Anthony Blinken, a number of senior US administration officials from the State Department
Business
Tadweer of Abu Dhabi to hold ‘EcoWASTE’ exhibition
The exhibition and forum cover various fields, including recycling and waste management and treatment in the MENA region.
- It will begin from17th January to 19th January 2022 in Abu Dhabi at National Exhibition Center (ADNEC) as part of the Abu Dhabi Sustainability Week
- The forum would also work as an integrated platform for developing and formulating practical and sustainable waste management practices
Arts & Culture
Kuwait’s council for arts and ISESCO to boost cooperation
Kuwait's National Council for Culture, Arts and Literature (NCCAL) and Islamic World Educational, Scientific and Cultural Organization (ISESCO) discussed on...
- The Secretary-General of NCCAL Kamel Al Abdul Jaleel met with visiting chief of ISSCO Salem Al Malik in Kuwait.
- More than 366 heritage and archaeological sites have been listed in the Islamic world, hoping to add 1000 more sites by 2025.
Business
Air Arabia named the most punctual airline by Moscow Airport in 2021
Air Arabia has been named as the most punctual airline in 2021 at Moscow Domodedovo Airport in the category of...
- The Moscow Domodedovo Airport is the largest in Russia with the punctuality competition being held on an annual basis among its partner airlines.
- The Airport evaluated the performance of numerous worldwide partner airlines, based on punctuality - calculated based on flight frequency.
Business
Jordan Banking Organization honors former Jordan’s Central Bank Governor
The Association of Banks in Jordan (ABJ) held a ceremony to honor the former Governor of the Central Bank...
- The ceremony was held via teleconference, and attended by Jordan's Prime Minister Bisher Khasawneh, CBJ Governor Adel Sharkas.
- Chairmen and CEOs of more than 59 banks were present at the felicitation ceremony.
Business
UAE sets up “Coders HQ” to boost coding communities
The UAE government has launched the Coders HQ, a new transformational project that re-defines local coding communities, in partnership with...
- The project, established in the Emirates Towers, aims to build a new generation of coders, enhance their capabilities and skills in the fields of coding and technology
- The project was launched in a virtual ceremony organized by the National Program for Coders, in the presence of Omar bin Sultan Al Olama, Minister of State for Artificial Intellige
Business
Abu Dhabi Department of Culture and Tourism sets $272 business license fee
In a bid to promote the growth of the tourism industry in Abu Dhabi, the emirate's Department of Culture and...
- License holders who currently pay varying fee amounts, depending on the level of business activity.
- Overall, the changes represent an almost 90 percent reduction in total license fee costs.
Middle East conflict alters regional energy dynamics
Chevron's Tamar gas field halt, rising global oil prices, and jeopardized gas supplies to Egypt and Jordan underscore the impact...
Business
Company News
UAE solar energy leader in Arab world
Infographics
Latest News
Qatar urges separating politics from the oil and gas trade
Qatar energy minister also called on governments and multilateral institutions to condemn sabotage and military attacks on energy infrastructure or...
Economy
IHC scales up IT business, makes deals worth US$272m
International Holding Company (IHC) has scaled up its IT business, making deals to the tune of $272 million in the...
Business
DEWA to pay one-time cash dividend
It received a dividend of $553m from its subsidiary, EMPOWER.
Business
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Analysis
UAE-UK partnership may unlock potential of clean hydrogen, boost economy, create 200,000 new jobs
The latest WGEO study is part of "our efforts to support the Dubai Clean Energy Strategy 2050 and the Dubai...
- By 2050, hydrogen is estimated to deliver more than $8.7bn annually to the UAE economy and $14.8bn GVA to the UK, says the latest WGEO report
- A UAE-UK collaboration -- involving policy, innovation, trade, and investment - has potential to create over 100,000 new jobs in each country, it adds
Economy
UAE-Egypt trade touches $67 billion in the last 22 years
The economic ties between the UAE and Egypt were strengthened this year by the signing of the Industrial Partnership for...
- The UAE is Egypt’s second leading trade partner in the region while Egypt is the fifth leading trade partner of the UAE in terms of non-oil trade
- The UAE is also the largest international investor in Egypt, with cumulative investments worth over $15 billion
Business
ADCB Q3 net profit at US$432m
The diversification of revenue streams boosted the bank's profitability.
- The bank reported a non-interest income of US$259 million (AED 952 million).
- ADCB said its operating income surged by 21 percent to reach US$955 million (AED 3.510 billion).