Emirati investments in Turkey reach $5.6 billion in 2022
ABU DHABI, UAE – Ahmet Burak Daglioglu, Head of the Investment Office of the Turkish Presidency, said that the cumulative...
Business
UAE, South Korea ink MoU to enhance air transport relations
ABU DHABI, UAE - The United Arab Emirates, represented by the General Civil Aviation Authority (GCAA), has signed a Memorandum...
Geostrategy
Arts & Culture
Saudi drive to widen literacy rate pays off
Saudi Arabia's drive to increase literacy rate in the kingdom seems to be bearing fruit. According to the ministry of...
- On Saturday, the ministry will participate in the celebration of Arab Literacy Day, which was approved by the Arab Organization for Education, Culture, and Science (ALESCO)
- At the beginning of the academic year 2021-2022, the ministry provided quality educational and training programs that corresponded to the characteristics of adults
Expo 2020 DUBAI
DEWA’s pavilion at Dubai Expo lures visitors in droves
Some 338,833 people visited the pavilion of Dubai Electricity and Water Authority (DEWA) at Expo 2020 Dubai between 1 October...
- Several local and international officials from public and private organizations as well as a large number of school and university students visited DEWA’s pavilion
- On the 2nd of December 2021, DEWA’s pavilion attracted over 23,400 visitors as it organized various activities to celebrate the UAE’s 50th National Day
Business
Dubai records first working Friday sale worth $689m
The total value of real estate transactions recorded in the first week of the new year exceeded AED7.24 billion (around...
- Dubai real estate transactions exceeded around AED2.53 billion (around $688 billion) as it adopted a new working week
- Jebel Ali First registered the most villa and apartment sales transactions on the first working Friday of 2022
Business
Red Sea signs $19.49m deal
It is a seven-year extension contract with Schlumberger.
- As part of the deal, RSI is expected to provide facility management services for its specialized modular camps
- This will reportedly support Schlumberger's oil drilling operations in the Eastern region of the country
Business
Iraqi Airways receives its first A220-300 aircraft
A220-300 features a modern and highly comfortable dual-class cabin that seats 132 passengers; 12 in business class and 120 in...
- A220-300 features a modern and highly comfortable dual-class cabin that seats 132 passengers; 12 in business class and 120 in economy class
- As of the end of November 2021, over 180 A220s had been delivered to 13 operators, from Asia, North America, Europe, Africa and the Middle East
Economy
Iraq signs project to reduce carbon emissions
The emission reduction is expected to take place through upcoming contracts in solar energy field.
- Iraq will reduce emissions by the solar energy project in 2025
- Iraq looks to produce 12,000 megawatts of solar energy by next three years
Business
Tesla raises full self driving software price to $12,000 in US
Earlier in 2020, Tesla had raised the Full Self-Driving (FSD) price to $10,000 from $8,000.
- Earlier in 2020, Tesla had raised the Full Self-Driving (FSD) price to $10,000 from $8,000
- Tesla has been updating its FSD software, which provides driving-assistance features such as automatically changing lanes and making turns
Economy
Dubai, Malaysia discuss cooperation in tourism sector
The Emirate and the visiting Malaysian minister discussed the initiatives that would enhance the industry.
- The Emirate and the visiting Malaysian minister discussed the initiatives that would enhance the industry
- The Malaysian market is considered as one of the important emerging markets for Dubai
Business
Dubai Integrated Economic Zones Authority appoints new leadership team
Dubai Integrated Economic Zones (DIEZ) Authority has appointed a new leadership team to drive its free zones and central divisions....
- Amna Lootah was appointed as a Director General DAFZ to lead and implement strategic plans according to the approved structure.
- Dr. Juma Al Matrooshi was appointed as Director-General of Dubai Silicon Oasis (DSO) to supervise the implementation of its strategy according to the new organizational structure.
Business
Gulf Navigation of Dubai to raise $40m via bonds
Gulf Navigation Holding of Dubai intends to raise $40.8 million through convertible bonds, in order to restructure existing sukuks and...
- According to a company disclosure on Friday the issuance of mandatory convertible bonds will begin on March 9, 2022
- The plan to issue bonds will be taken up during the company’s general assembly meeting on Monday, January 31, 2022
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Emirati investments in Turkey reach $5.6 billion in 2022
ABU DHABI, UAE – Ahmet Burak Daglioglu, Head of the Investment Office of the Turkish Presidency, said that the cumulative...
Business
Company News
Riyad Bank to offer sukuk
Business
UAE stocks gain US$3bn in Wednesday trade
Market Report
Latest News
Mubadala to buy Fortress
Business
Bayanat AI IPO tranche oversubscribed
The offering saw significant demand and commitment from IHC.
Business
Dubai records $2.17 billion in weekly real estate transactions
Dubai, UAE---A total of 2,703 real estate transactions worth AED8 billion ($2.17 billion) were conducted during the week ending 21...
Business
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Business
Dlala Holding to resume trading
The authorized capital of the company is US$78 million.
- The QSE announced after completing the process of reducing the company's issued capital from 284.16 million shares to 190.387 million shares.
- Dlala Holding Company was established and listed on Qatar Stock Exchange in 2005.
Business
UAE-UK Business Council to promote trade, investment
The UAE-UK Business Council hosted its 20th Plenary Meeting in Abu Dhabi, co-chaired by Ahmed Al Sayegh, Minister of State,...
- A new project on opportunities for UK-UAE collaboration on the decarbonization of the built environment was also announced.
- The Business Council announced it will support the Cherie Blair Foundation for Women.
Geostrategy
CARACAL signs ‘Make in India’ partnership with ICOMM
The agreement was signed during DEFEXPO 2022, the Land, Naval and Homeland Security Systems Exhibition, which is being held in...
- The agreement was signed during DEFEXPO 2022, the Land, Naval and Homeland Security Systems Exhibition, which is being held in Gandhinagar, Gujarat
- CARACAL and ICOMM will partner in the development of a full portfolio of locally manufactured small arms for the Indian market, as well as for international export