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.
Arts & Culture
Saudi Arabia unveils largest Motor festival in Middle East
The management of Autoville has officially started selling tickets for the events of this International festival through its official website.
- The Autoville festival will cover an area of 1.7 million square meters as the audience will watch the stars of art and display cars from all over the world
- The festival will also showcase the latest developments in mobility, and a number of concerts by a group of Arab and international artists
Business
Bahrain to launch e-residency service in Q1 of 2022
The country also mulled the idea of extending the validity of visas to reduce routine procedures.
- Both sides also discussed cooperation at ports and the possibility to extend the validity of visas to reduce routine procedures
- The NPRA and LMRA agreed to intensify inspection campaigns to tackle violations of the labor market and residency rules
Business
KCB lent $1.31bn in 2021
The Kuwaiti bank’s lending amount was spread across 23,000 loans.
- KCB spokesperson Habari Al-Khashti said the effectiveness of the bank's electronic services saved time and effort for citizens
- She also indicated that 99 percent of the bank’s credit services have become electronic
Business
Gulf Navigation to issue $41m bonds
The company is calling a meeting of all stakeholders for this.
- The company said the date of issuance of the bonds is March 9
- The conversion period of the bonds would be three months from the issuance date
Economy
Saudi Arabia GDP to gain in 2022: Kuwait Financial Center
Government spending on infrastructure projects as part of the Vision 2030 program is expected to boost non-oil GDP growth.
- Markaz’s report indicated that investments are expected to pick up as the government initiates major projects like Neom City
- Steady population growth, government subsidies, and the enacted mortgage law are enabling banks to finance home purchases, fueling the growth in the residential sector
Business
EMC picks Mohammad Ghazi as GM
Momani will manage Mercedes-Benz's overall performance at EMC.
- Mohammad Ghazi Al Momani possess an experience of 20 years in motoring and a degree from the University of Technology in Baghdad, Iraq
- Momani specializes in strategic planning, marketing, sales, after sales and operations, and good knowledge of the Middle East
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
Company News
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Aramco sets new profit record.
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...
Business
Qatar’s General Tax Authority launches digital tax stamp
The authority said that digital tax stamps are distinctive marks in the form of a physical label or digital code...
Economy
Arab League welcomes UN report on Israeli conduct in Palestinian territories
Welcoming the report brought out by the UN Independent International Commission of Inquiry, the Arab League has praised the efforts...
Geostrategy
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Interview
Private sector plays key role in FIFA Cup projects
There is a need for concerted efforts by citizens and residents to make this global event a success, Sheikh Khalifa...
- Qatar has become a leading global investment destination, says Qatar Chamber Chairman Sheikh Khalifa bin Jassim bin Mohammed Al-Thani
- The World Cup Qatar 2022 will leave a unique imprint in the history of the FIFA World Cup, he says, adding that Qatari economy is expected to grow by 4.9%
Geostrategy
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...
- Noura bint Mohammed Al Kaabi, Minister of Culture and Youth, said, “If an issue happens in Brazil or Iraq or Syria, it affects us as well."
- The Culture Summit brings together the public, private, government and academic sector to find such practical policies on the ground.
Economy
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...
- The Minister held meetings with several high-level FAO officials on the UAE’s contribution in tackling global food and nutrition insecurity.
- The event drew governments, youth champions, global influencers and non-profit organizations to support youth-led transformation of agrifood systems.