NMDC, AD Ports Group ink MoU
The firms will continue to work closely on future global projects.
Business
Economy
Qatar, IAEA join hands for nuclear projects with peaceful uses
Qatar’s Ministry of Environment and Climate Change has said the projects will cover a variety of sectors, including the medical,...
- Qatar already has 35 technical cooperation projects with the IAEA, including 10 national, 23 regional, and two global projects
- These have been implemented through more than 10 different institutions from the country
Economy
Kuwait limits work attendance to 50% amid Omicron surge
Private employers have been told to limit their staff capacity in a manner that would still allow for a smooth...
- Private employers have been told to limit their staff capacity in a manner that would still allow for a smooth workflow
- Conferences and meetings would shift back to video link, while public transport capacity should not exceed 50 percent
Business
Over 6m cellphone subscriptions in Oman till Nov 2021
During the same period, fixed internet subscriptions totaled 526,367 and the fixed landline subscriptions went up to 577,966.
- During the same period, fixed internet subscriptions totaled 526,367 and the fixed landline subscriptions went up to 577,966
- The period saw the capacity of the internet decrease by 2.6 percent to 1,501,777 megabytes
Business
Three-day international e-marketing, e-commerce exhibition begins in Riyadh
The President of the Saudi Post Corporation "Sabil" Anf bin Ahmed Abanmi, inaugurated on Monday the Saudi International Exhibition for...
- The concept of creating websites for Electronic platforms and applications in the field of marketing and e-commerce will be a part of the event.
- The exhibition will hold a number of sessions, training courses and free workshops with certificates of attendance, presented by a group of specialists.
Economy
UAE private sector asked to pay employees through Wage Protection System
The UAE Ministry of Human Resources and Emiratization (MoHRE) called on private sector establishments to commit to timely paying the...
- Ministry of Human Resources and Emiratization asks employers to register and document any agreement with their workers regarding the change of wages through the approved system.
- The UAE has been the pioneer in launching the WPS, which, since its implementation in 2009, has been praised by the International Labor Organization.
Business
UAE and Mexico discuss parliamentary cooperation
Dr. Tariq Humaid Al Tayer, Head of the Emirati-Latin American and North American Parliaments Friendship Committee of the Federal National...
- Both sides discussed ways of boosting the parliamentary cooperation between the UAE and Mexico, by signing a Memorandum of Understanding (MoU)
- Al Tayer lauded the advancing bilateral relations between the two countries, which were established in 1975
Business
Biggest MENA steel event begins at Expo Centre Sharjah
The exhibition highlights state-of-the-art innovations of more than 400 world-leading brands from 30 countries
- The 4-day event is organized by the Expo Centre Sharjah with the support of the Sharjah Chamber of Commerce and Industry
- The event would display modern technologies in metal forming, laser systems for metal cutting, steel fabrication machines
Geostrategy
UAE warns public against flouting Covid-19 measures, spreading rumors
The Federal Agency said that irresponsible behavior which derails UAE's anti-COVID steps will be punishable by law.
- The Federal Emergency Crisis and Disasters Prosecution says such actions are punishable under law.
- The prosecution urged community members and social media users to act responsibly when sharing or circulating COVID-19-related news.
Business
Silal picks new CEO
Alameri has 20 years of experience in leading management positions across key economic sectors.
- Alameri will work to drive the company's strategic growth, harness leading capabilities and deploy advanced technology to secure strategic food reserves
- The responsibility of ensuring access to safe, nutritious and high-quality food for citizens and residents of the UAE will also lie with the CEO
Geostrategy
Dubai provides more safeguards for people with special needs or disabilities
Dubai has issued a law that seeks to include the people with special needs or disabilities---known as the people of...
- Dubai ruler Sheikh Mohammed issues new law that sets forth the rights of people with disabilities and the services that relevant entities should provide them.
- The law also outlines the tasks and responsibilities of government entities in implementing the law.
NMDC, AD Ports Group ink MoU
The firms will continue to work closely on future global projects.
Business
Company News
Siemens bags Egypt project
Business
Latest News
ADCB Q3 net profit at US$432m
The diversification of revenue streams boosted the bank's profitability.
Business
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.
Infographics
Empower to sell 10% stake, list on DFM
Empower will make 1 bn shares, each valued AED0.10, available in IPO.
Business
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Business
Aliph Capital secures $125m investment for its maiden fund from ADQ
Aliph Capital is an alternative investment firm focused on private equity investing.
- Aliph Fund I (LP) is a $250 million target private equity fund domiciled in ADGM aiming to invest in high-quality mid-sized companies in the UAE.
- Aliph Capital will seek to acquire sizeable, active positions in privately owned mid-market companies across the GCC that possess robust business fundamentals, the company said.
Business
Mubadala, KKR in $1bn capital tieup
The two firms signed a partnership to provide bespoke credit solutions.
- In APAC, KKR has deployed nearly US$3 billion in credit capital since 2019.
- The APAC credit business is part of KKR's approximately $178 billion global credit platform.
Geostrategy
UAE-Bahrain non-oil trade surges to $6.5bn in 2021
The UAE Foreign Minister stressed that the trade growth didn’t reflect the “true potential” of the two countries.
- The UAE Foreign Minister stressed that the trade growth didn’t reflect the “true potential” of the two countries
- He highlighted the importance of intensifying cooperation between the government and private sectors of the two countries