UAE invests $36bn in renewable energy projects in 2022, says ADDED chairman
ABU DHABI, UAE - Chairman of the Abu Dhabi Department of Economic Development (ADDED) Ahmed Jasim Al Zaabi has said...
Economy
PIF sets up Tasaru Mobility Investments
The firm will drive strategic investments and partnerships
Business
Economy
USAID to fund surface water usage project in Jordan
Water loss reduction projects can also boost water reserves, upgrade water facilities in the Jordan Valley and maintain water and...
- Water loss reduction projects can also boost water reserves, upgrade water facilities in the Jordan Valley and maintain water and irrigation infrastructure
- Jordan water ministry said it is committed to supporting farmers and providing them with all capabilities to maximize the national agriculture output
Economy
Lebanon currency falls further as leadership placates Saudi Arabia
The midmarket rate for the Lebanese pound is around 1,500 to the dollar, but the reality on the ground is...
- The local currency is now trading at more than 30,000 to the dollar in the black market
- It has lost more than 95 percent of its purchase power since end-2019 as the economy sags
Economy
Jordan to set up US$80m industrial support fund
Jordanian Minister of Industry, Trade and Supply Youssef Shamali noted that industrial production inputs will continue to be exempt from...
- Jordanian Minister of Industry, Trade and Supply Youssef Shamali noted that industrial production inputs will continue to be exempt from any customs duties
- He said that the Jordan Enterprise Development Corporation (JEDCO) will continue to support the industrial sector by covering part of shipping costs
Arts & Culture
UAE launches Great Arab Minds initiative to identify, support talent
The Prime Minister of Dubai, Sheikh Mohammed bin Rashid Al Maktoum launched the Great Arab Minds initiative on 4th January,...
- The initiative is backed by an AED100 million fund which will support local and global partnerships in fostering research, development and innovation.
- The five-year initiative will oversee working with regional and global partners, and focus on fields including physics and mathematics, and software.
Economy
Jordan plans to improve energy efficiency in several sectors, says Minister
The minister also highlighted the Renewable Energy and Energy Efficiency Law, issued for this purpose, along with the terms and...
- The minister Kharabsheh emphasized the need of spreading national awareness by encouraging energy efficiency in the building sector
- During a meeting with the Plan’s work team, Kharabsheh said that the ministry is preparing the third National Energy Efficiency Plan
Business
Expo opportunity to boost Sri Lanka’s tourism: Minister
Foreign Minister of Sri Lanka Gamini Lakshman Peiris said that Expo 2020 Dubai is a great opportunity and a world-class...
- Sri Lankan Ministry of Tourism says 104,000 people visited the country between Jan and Feb 2021 with Indian tourists accounting for 32.1 percent.
- The presence of nearly 300,000 Sri Lankan citizens in the UAE helps enhance the bilateral ties between the two countries, the minister said.
Business
Construction of DP World port in Senegal begins with laying of first stone
President of Senegal Macky Sall on Tuesday laid the foundation stone for the construction of a port that will be...
- The investment of more than $1.13 billion in two phases to develop Port Ndayane is DP World’s largest port investment in Africa to date.
- Phase 1 of the development of the port will include a container terminal with 840m of the quay and a new 5-kilometer marine channel.
Economy
Iraq highlights prominent investment opportunities
Iraqi's granting facilities to investors including regulations in completing transactions and eliminating corruption and providing safe environment renewed many hope...
- Recent moves of Iraqi government aim at provide large projects to create job opportunities and services in the country
- A number of measures must be taken as investment in Iraq does not meet the required level, says specialists
Geostrategy
Lebanon distances itself from Hezbollah remarks on Saudi Arabia
Prime Minister Najib Mikati has said the Hezbollah allegations do not reflect the official position of Lebanon.
- Hezbollah Secretary-General Sayyed Hassan Nasrallah accused Saudi Arabia of terrorism
- This is the second time in months that Lebanon has had to attempt to shield itself from Saudi ire
Expo 2020 DUBAI
Expo 2020 hits halfway mark, records nearly 9 million visitors
Expo 2020, the world's biggest event since the pandemic, has passed the halfway mark, recording nearly nine million visitors so...
- From October to December 2021, Expo hosted a total of 8,902 government leaders, including ministers, presidents, prime ministers and heads of state.
- almost one-third (30 percent) of all visitors came from outside the UAE, with the top international visitor countries including India, Germany, France and the UK.
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UAE invests $36bn in renewable energy projects in 2022, says ADDED chairman
ABU DHABI, UAE - Chairman of the Abu Dhabi Department of Economic Development (ADDED) Ahmed Jasim Al Zaabi has said...
Economy
Company News
Mubadala Petroleum rebranded
Business
Tabby launches in Egypt
Business
Latest News
Aramco launches Taleed program to accelerate SMEs growth in Saudi
Riyadh, Saudi Arabia--Aramco said on Thursday it has launched Taleed program to accelerate the growth of Small and Medium Enterprises...
Business
High investments in H1 2022 for DEWA transmission substations
Dubai Electricity and Water Authority (DEWA) recorded substantial growth of 22 percent in investments allocated to transmission substations during the...
Business
Most Read
Arts & Culture
King Abdulaziz University best in Arab world in QS World Rankings
QS World University Rankings is an annual publication of university rankings by Quacquarelli Symonds.
- QS World University Rankings is an annual publication of university rankings by Quacquarelli Symonds
- The university recently ranked 101 in the world, according to Times World University Rankings 2023
Business
Saudi Center for Debt Management invites investors for bond repurchase
Riyadh, Saudi Arabia---Saudi Arabia’s National Center for Debt Management announced Wednesday that it has invited investors for the first partial...
- The Center said the process is part of the kingdom’s plan in the effective management of the debt portfolio.
- The size of the repurchase will be announced after the end of the period of receiving applications on October 24.
Business
ENOC opens new station in Al Hamriya Port
This would be the eighth marine service station in the emirate.
- The station is equipped with two fuel tanks and two fuel dispensers, offering Diesel, as well as a prefabricated structure featuring a ZOOM convenience store.
- ENOC said the station is equipped with energy efficiency features such as Variable Refrigerant Flow (VRF) air-conditioning to cut down electricity use by up to 35 percent.