Over 8,000 Palestinian fatalities, including 2,062 women, says UN report
UNITED NATIONS – More than 8,000 Palestinian fatalities were reported as of October 29, 2023, including 2,062 women, 3,324 children,...
Geostrategy
Geostrategy
Sharaka and UK Abraham Accords Group sign agreement
Leaders of the UK Abraham Accords Group and Sharaka will sign a cooperation agreement at a private event at the...
- Dr. Fox is leading a delegation of British MPs to see first-hand the impact Abraham Accords is making on trade and industry, religious and cultural cooperation
- The UK Abraham Accords Group and Sharaka will work to identify influencers from the Abraham Accords countries in the media, society, academia, business, and other fields
Geostrategy
Covid and its effects continue to pose threat to world: WEF risks report
The Global Risks Report 2022 released by the World Economic Forum said vaccine inequality and a resultant uneven economic recovery...
- In the poorest 52 countries—home to 20 percent of the world’s people—only 6 percent of the population had been vaccinated so far.
- By 2024, developing economies (excluding China) will have fallen 5.5 percent below their pre-pandemic expected GDP growth,
Business
Dubai enacts new law on seizure of property for public use
Sheikh Mohammed bin Rashid Al Maktoum, ruler of Dubai and vice president and prime minister of the UAE, issued Law...
- The provisions of the Law will apply to the expropriation of property across Dubai
- The Law also covers special development zones and free zones including the Dubai International Financial Centre
Science
Arab Parliament for the Child to hold a session remotely
Ayman Othman Al Barout, Secretary-General of Arab Parliament for the Child (APC), has announced the third session of the Parliament...
- This decision announced at the organizing committee meeting came in the wake of taking precautionary measures to preserve the health of children who are members of APC
- Al Barout emphasized that APC had three previous successful experiences in holding remote parliament sessions due to the pandemic
Economy
Lebanon telecom ministry’s budget to be based on two figures: Minister
Lebanon telecommunications ministry's budget would be based on two figures instead of one within the framework of the new state...
- The first figure took into consideration the possibility of continuing to charge consumers the same current tariff, based on the official rate of LBP 1500 per US dollar.
- The minister said the break-even figure for the ministry of telecoms at present is within the range of LBP 9000.
Business
2021 best-ever year for DMCC, 2485 companies attracted to Dubai
 Dubai Multi Commodities Centre has said it recorded its best year on record as it attracted 2, 485 companies in...
- The authority also saw its best June, August, September and November, reaching a total of over 20,000 member companies.
- The significant attraction was seen in key target markets, including China, US, UK and Russia
Business
Khalifa Fund allys with eBay to help SMEs export goods
The Khalifa Fund for Enterprise Development has teamed up with eBay as the latest partner of the e-Empower initiative, under...
- The partnership aims to further enhance Abu Dhabi’s e-commerce ecosystem, while also being in alignment with the mandate to diversify the Emirate’s economy
- The collaborative partnership will see Abu Dhabi based SMEs and medium-large enterprises gain a variety of benefits to create growth
Jordan removes customs fees on more than half of imports
Cars, alcohol, and tobacco would not be exempted from customs fees, Jordanian Finance Minister Mohammad al-Ississ has said.
- The Jordanian government's order to reduce and standardize customs fees has been published in the official gazette
- It will come into force next week, ensuring that 53 percent of all goods are exempt from customs fees
Geostrategy
Lebanon looks to import gas from Egypt
Mikati held a meeting with Egyptian Prime Minister Dr. Mostafa Madbouly in Sharm El-Sheik on Monday.
- Mikati held a meeting with Egyptian Prime Minister Dr. Mostafa Madbouly in Sharm El-Sheik on Monday
- Dr. Madboulyr informed Mikati that Egypt was preparing a shipment of medical and food aid to be sent to Lebanon by sea
Business
Airbus delivers 611 passenger jets in 2021
A320 family planes, which are most frequently used for short and medium-range flights, accounted for more than three-quarters of last...
- A320 family planes, which are most frequently used for short and medium-range flights, accounted for more than three-quarters of last year's deliveries
- Wide-body, two-aisle plane deliveries continued to lag, which reflected the much slower recovery in international flights
Company News
Latest News
Siemens bags Egypt project
Business
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...
Analysis
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...
Economy
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Infographics
UAE, Saudi pension systems improve performance on 2022 Mercer CFA Index
The 2022 Mercer CFA Institute Global Pension Index compares 44 retirement income systems against more than 50 indicators and benchmarks.
- The CFA Institute said the index highlights both the considerable diversity and the positive features present in many systems.
- The study also confirms that no pension system is perfect and that every system has shortcomings.
Business
Empower to sell 10% stake, list on DFM
Empower will make 1 bn shares, each valued AED0.10, available in IPO.
- The company said that all shares to be offered represent the sale of existing shares held in aggregate by DEWA and Emirates Power.
- The subscription period will open on 31 October 2022 and is expected to close on 7 November 2022 for the UAE Retail Investors and on 8 November 2022 for Qualified Investors.
Economy
Oman’s CPI inflation rate rises 2.4 percent in September
MUSCAT, OMAN - The inflation rate of Consumer Price Index in Oman reached 2.4 percent during September 2022. A monthly...
- The report noted prices of education group increased by 5.1 percent.
- The prices of health group and food group surged by 3.5 percent and 5 percent respectively.