Geostrategy
UAE, Norway discuss cooperation, eye better relations
The UAE and Norway have discussed cooperation in relations between the two countries, said local media reports. The UAE Minister...
- The two sides reviewed a number of issues related to the work program of the UN Security Council, which is chaired by the Kingdom of Norway this month.
- The UAE Foreign Minister and the Norwegian counterpart also discussed the developments of the COVID-19 pandemic and the efforts to contain the virus.
UAE launches Joint Emirates Shield exercise to boost defense capabilities
Abu Dhabi, UAE - The UAE Ministry of Defense announced today the launch of the 'Joint Emirates Shield / 50'...
- The exercise is part of a series of operational drills slated for 2022 and aims to boost the combat readiness of the UAE Armed Forces' major units.
- The organization of the "Joint Emirates Shield / 50" aim to consolidate the combat readiness of the UAE Armed Forces to defend the land, naval and air borders of the UAE
Business
Investcorp acquires Resa Power
Resa serves over 6000 clients across the US and Canada.
- Investcorp’s partnership with Resa will focus on continuing the Company’s organic growth, expanding geographically across North America.
- Resa provides maintenance and testing, systems integration, and related distribution services to clients across the renewables, commercial markets in North America.
Business
DAFZ unveils “Talent Pass” license
The Dubai Airport Freezone (DAFZ) has launched the ‘Talent Pass’ license for freelance work (self-employment).
- The initiative is expected to further vitalize the business environment in the free zone and strengthen Dubai’s position as a global destination for innovators and talent
- The ‘Talent Pass’ qualifies its holder to obtain a residence visa for three years
Business
SCC’s committee endorses Sharjah Free Zones policy draft
The Sharjah Consultative Council (SCC) has approved its recommendations on the policy of the Sharjah Ports, Customs and Free Zones...
- The meeting was chaired by Ali Mehd Al Suwaidi, Chairman of the Sharjah Consultative Council
- The members of the Council also discussed the provisions of the recommendations and addressed a number of topics
Economy
Saudi foreign currency reserves take a 2% dip in December
Foreign currency reserves of Saudi Arabia dipped nearly two percent in December, according to preliminary data shared by the Saudi...
- Foreign currency reserves declined to SR1.61 trillion ($429.5 billion) from SR1.64 trillion in November
- The preliminary release does not provide any further breakdown of total foreign currency reserves
Geostrategy
Saudi, UAE, US, UK welcome efforts to resolve Sudan crisis
Saudi Arabia, the United Arab Emirates, the United Kingdom, and the United States of America have welcomed the announcement that...
- The four countries hailed the UN Interim Transition Assistance Mission's facilitation of discussions.
- The Quad said they look forward to this being a results-oriented process that will guide the country towards democratic elections.
Business
Study to look at green hydrogen alliance between UAE, UK
A new research paper will explore potential green hydrogen collaborations between the United Arab Emirates and the United Kingdom.
- The report, sponsored by HSBC, will seek to uncover mutual opportunities to accelerate the development of the respective clean hydrogen markets of the UAE and the UK
- Research for the report will include stakeholder meetings and workshops to test and validate findings
Business
Close to 1800 hybrid vehicles to join Dubai Taxi Corporation
Dubai’s Roads and Transport Authority (RTA) has signed a contract for the procurement of 2,219 new vehicles to enhance the...
- The total number of hybrid vehicles in Dubai Taxi fleet jumps to 4,105 vehicles, which constitutes 71% of the total number of taxis operated by the DTC
- The Strategic Plan of the Dubai Taxi Corporation (2021-2023) encompasses 51 initiatives based on key pillars highlighted by increasing the market share of DTC taxis from the existi
Business
Trade between Bangladesh and UAE reaches $1.2 billion in 2021
Trade between Bangladesh and the UAE has reached $1.2 billion in 2021, recording a growth of more than 15 percent,...
- The trade could reach $2billion by the 50th anniversary of the establishment of diplomatic relations in 2024, said Bangladesh ambassador to UAE Mohammed Abu Zafar.
- Bangladesh eyes UAE market with the products like readymade garments, pharmaceuticals, jute products, fabrics and home textiles.
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Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
Company News
Aramco sets new profit record.
Business
Latest News
DTC Abu Dhabi-UNESCO study on pandemic impact ‘useful’ in plugging gaps
Abu Dhabi, UAE - The Culture Summit Abu Dhabi began in the UAE capital with discussions on the impact of...
Geostrategy
UAE Minister highlights youth’s role in sustainable food systems
DUBAI, UAE - UAE Minister of Climate Change and the Environment Mariam bint Mohammed Almheiri participated in the World Food...
Economy
Saudi Arabia is spending big on golf and transforming the sport forever
Since June 2022, when the first Liv Golf tournament funded by Public Investment Fund was played, nine golfers in the...
Business
Most Read
Economy
Saudi Crown Prince launches program to make KSA investment hub
Saudi Crown Prince, Prime Minister and Chairman of the Council for Economic and Development Affairs Prince Mohammed bin Salman bin...
- GSCRI will help enable investors to benefit from the Kingdom's resources, capabilities and support and develop these value chains.
- It will also build successful investments, which will give greater flexibility to economies, businesses and consumers around the world.
Geostrategy
Jordan to host 2022 OSCE Mediterranean Conference
AMMAN, JORDAN - Jordan will Monday host the 2022 Organization for Security and Co-operation in Europe (OSCE) Mediterranean Conference, organized...
- The two-day meeting in the Dead Sea region will bring together representatives from 57 OSCE countries and six Mediterranean countries.
- These countries will discuss advancing security and cooperation in the region through dialogue with the OSCE Mediterranean Partners for Cooperation.
Business
S. Korea, Arab nations to hold new round of FTA talks
SEOUL, S. KOREA - South Korea and a group of Arab countries will hold another round of negotiations for their...
- South Korea and the Gulf Cooperation Council (GCC) will begin the sixth round of official talks for a bilateral free trade agreement.
- Goods and services trading, country of origin, digital trade and intellectual property rights will be discussed.