Foreign investments rise in NE China due to several projects
SHENYANG, CHINA – Investments in the country’s northeast have grown over the past years as several multinational corporations put in...
Business
Iran, Russia to invest $38bn in developing INSTC
TEHRAN, IRAN – The Iranian head of Solyanka Port in Russia said that the International North-South Transport Corridor (INSTC) is a...
Geostrategy
Business
MoHRE of UAE asks employers to pay wages via WPS
The Ministry of Human Resources and Emiratisation (MoHRE) has asked private sector establishments to pay the wages of their workers...
- The WPS enables employers to fulfill their obligations towards their workers in the easiest way through the strategic partnership with the Central Bank
- MoHRE provides the 'Statement of Account' service to the establishments registered with it on a monthly basis
Business
Zayed University teams up with Injazat for EdTech projects
Zayed University has signed a Memorandum of Understanding (MoU) with Injazat, a Digital Transformation, Cloud, and Cyber Security company, to...
- The partnership will see Zayed University match students from their College of Interdisciplinary Studies
- The program will benefit from InGenius, the dynamic innovation lab by Injazat that follows the methodology of using agile practices, lean processes
Economy
Suriname, Tanzania, and Senegal explore investment opportunities at Expo
Suriname, Tanzania, and Senegal have explored investment and other opportunities to collaborate with the stakeholders from across the region and...
- Suriname is a country on the north-eastern Atlantic coast of South America, the most forested country of the world with 28 hectares of forest per capita.
- CEO Clubs Network organized an event dedicated to tourism opportunities in Tanzania.
Business
GMG to foray into North Africa
Plans to open more than 100 stores in Egypt within next five years.
- The group plans to introduce its sneakers-focused concept, dropkick, and its Nu Athlete concept catering to a youth demographic.
- Recently, GMG said that by 2025, it aims to double its global workforce through acquisitions, developing fresh concepts, and entering new geographies.
Business
ADJA of Abu Dhabi launches “Child-Friendly Justice” drive
The Abu Dhabi Judicial Academy (ADJA) has launched its first training program under the "Child-Friendly Justice" initiative, seeking to bring...
- The ADJD Under-Secretary announced that five short training films are being produced and will include lectures translated into Arabic
- This would contribute to the modernization and development of criminal, personal status and civil procedures
Business
DEWA presses into service 1310 power stations in Dubai
Dubai Electricity and Water Authority (DEWA) has pressed into service 1,310 new 11 kv power distribution stations across Dubai in...
- This is part of its efforts to provide a state-of-the-art infrastructure that keeps pace with growing demand and meets customer needs
- DEWA continues its efforts to conduct its work according to set plans, while implementing all the precautionary measures to limit the spread of COVID-19
Business
Abu Dhabi Exchange and FTSE Russel create new benchmark indices
The Abu Dhabi Securities Exchange (ADX) and FTSE Russell have partnered to develop co-branded indices, supporting the exchange’s recently launched...
- FTSE ADX sector indices will take the place of the existing sector indices, leveraging the Industry Classification Benchmark.
- ADX is the first exchange in the region to make FTSE Russell its index administrator.
Economy
Egypt’s plasticware exports rose by 43% in 2021: Trade minister
Chemical industries topped Egypt’s plasticware exports in 2021 with a total value of $2.7 billion compared to $1.4 billion posted...
- Chemical industries topped Egypt’s plasticware exports in 2021 with a total value of $2.7 billion compared to $1.4 billion posted in 2020
- In 2021, the Egyptian exports recorded their highest growth of $31 billion despite the ongoing Covid-19 pandemic
Arts & Culture
23 acts from Sydney Festival withdrawn over Israeli funding
A letter titled with 'Do Better on Palestine' called out the Sydney festival organizers to undo its partnership with the...
- At least 23 performers confirmed to have withdrawn from Sydney Festival over Israeli sponsorship of the event
- Israel embassy in Australia made a $20,000 donation to support an Israeli choreographer
Business
AWPT wins $52.17m Makkah contract
The company will manage all components of Zamzam water well.
- The company will manage, operate, and maintain the project’s facilities, which include all components of the Zamzam water well
- The move comes in line with AWPT’s strategic plan and objectives as well as Vision 2030 to develop all aspects of water sector
Foreign investments rise in NE China due to several projects
SHENYANG, CHINA – Investments in the country’s northeast have grown over the past years as several multinational corporations put in...
Business
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DEWA plans cash dividend for H1
Business
Kuwaiti Camel Racing Club sports season 2022-23 begins
Arts & Culture
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...
Economy
Aliph Capital secures $125m investment for its maiden fund from ADQ
Aliph Capital is an alternative investment firm focused on private equity investing.
Business
Mubadala, KKR in $1bn capital tieup
The two firms signed a partnership to provide bespoke credit solutions.
Business
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Business
CITC unveils initiatives, launches at Digital Technology Forum 2022
The company also announced the winning products of the Co-Innovation Award, the launch of the first Local Technology Guide in...
- The company also announced the winning products of the Co-Innovation Award, the launch of the first Local Technology Guide in the Middle East and North Africa
- It also issued the first Local Technology Products Guide in the MENA to facilitate access to local products developed by IT and emerging technologies companies
Geostrategy
Iran signs contract with Russia to supply it with 40 turbines
Tehran, Iran— Iran announced Sunday a contract with Russia to supply it with 40 turbines to help its gas industry amid...
- Iran did not specify when the contract was signed, and when the turbines are due to be delivered
- Russia and Iran hold some of the world's largest gas reserves, and are both under strict US sanctions
Business
Qatar throws open new hotels, resorts to host football fans
Doha, Qatar— Qatar Tourism has thrown open more than 20 hotels, resorts and new tourist destinations in the country ahead...
- The projects and tourist attractions will be ready to receive football fans from next month
- New attractions include entertainment venues, seaside and beach clubs, arts and culture houses, shopping malls, and the new Qatar 2022 hotels and resorts