Neighboring nations fear repercussions of Gaza conflict
As Israel advises around 1.1 million residents of northern Gaza Strip to evacuate, concerns grow about the potential ripple effects...
Geostrategy
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
Geostrategy
Arab League chief urges cooperation to achieve successful Libya elections
Aboul Ghaith pointed to the dangerous juncture that Libya is going through, and said that everyone should join hands and...
- In a statement, Aboul Gheit urged the concerned parties to adopt dialogue as the only means to resolve the dispute
- Gheit stressed on the importance of a national consensus on the legal and procedural rules for the elections
Economy
Iraq owes no more than $5bn to World Bank and IMF: Official
The economy of Iraq depends upon oil as it constitutes 45 percent of the GDP and affects about 80 percent...
- The World Bank loans in particular are long-term and have grace periods of about six years, extending up to 14 years
- The World Bank Loans are 'similar to the interest of the London markets on dollar lending transactions'
Geostrategy
UAE, Canada discuss cooperation for women’s empowerment
During the meeting, the Canadian ambassador was briefed about the initiatives launched by the UAE to strengthen women's rights.
- The meeting discussed the UAE's experience in empowering women since the country was established and the key role women played to support the country
- Grossman emphasized Canada’s keenness to boost cooperation in women’s empowerment and take advantage of the country’s experience in Gender balance
Business
An old Greek Cargo Ship attracts tourists in Saudi Arabia
The ship was loaded with foodstuffs and sailed in 1978 from a Greek port towards the Aqaba port in Jordan,...
- Georgios-G was built in the UK with a length of 71.6 meters, a width of 11 meters, and a height of 4.9 meters
- Currently, the ship is resting in the same place with more than two-thirds of its structure submerged in water
Economy
UNRWA calls for long-term funds to help refugees in Palestine
UNRWA Commissioner-General Philippe Lazzarini has acknowledged that stagnating donor funding for close to a decade remained below the amount needed...
- As of now, more than 5 million Palestinians have registered with UNRWA as refugees
- They are spread across the West Bank, including East Jerusalem, the Gaza Strip, Lebanon, Syria, and Jordan
Business
ADQ taps Etihad for services
The terms of the transaction were not disclosed.
- As part of the transaction, several of Etihad airline-support businesses will become part of a new ADQ aviation firm
- The move is expected to support the ongoing transformation of Etihad and the growth of civil aviation in Abu Dhabi
Economy
Jordan forms committee to modernise public sector
The committee will be chaired by the Prime Minister and number of ministers, specialized officials, experts who have experience and...
- The committee will be chaired by the Prime Minister and number of ministers, specialized officials, experts who have experience and expertise in public administration
- The Prime Minister said that modernising the public sector has become a necessity as a major lever for economic reform related to modernising the political system
Business
Abu Dhabi Airport traffic likely to surge 400% over holiday season
From the period running December 22 to January 2, Abu Dhabi Airports estimates an average of 32,000 passengers and 102...
- From the period running December 22 to January 2, Abu Dhabi Airports estimates an average of 32,000 passengers and 102 flights per day
- Passenger traffic (59,000 per day) and flight numbers (149 per day) still remain down from the same period in 2019
Science
UAE suspends entry for travelers from Kenya, Tanzania, Ethiopia, Nigeria
UAE citizens are barred from traveling to the four African countries except for the country's emergency treatment cases, official delegations,...
- This includes suspending the entry of travellers who were in the four countries 14 days before coming to the UAE
- The UAE nationals, their relatives, diplomatic missions, official delegations between UAE and these countries and Golden residence holders are excluded from this decision
Business
UAE Innovates 2022 to launch on 1 Feb, will run alongside Expo
The UAE Innovates 2022, which is aimed at cultivating a culture of innovation within the public sector and engaging the...
- Innovation Month 2022 will also include the launch of the second edition of the UAE Innovates Awards.
- Activities during the month will include new programs, specialized workshops, and interactive sessions.
Most Read
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
Neighboring nations fear repercussions of Gaza conflict
As Israel advises around 1.1 million residents of northern Gaza Strip to evacuate, concerns grow about the potential ripple effects...
Geostrategy
Company News
Latest News
Morocco supervisory authority approves Takaful Insurance Company
Rabat, Morocco---A Takaful insurance company will be established in Morocco by Qatar Islamic Bank, Atlanta Insurance and Moroccan Tourism and...
Business
CBUAE issues commemorative coins on Tawazun’s 30th anniversary
The Central Bank of the UAE (CBUAE) in collaboration with the Tawazun Economic Council (Tawazun), has issued 1,000 silver commemorative...
Economy
Aramco to build fabrication yards
The yards will more than triple Saudi offshore fabrication capacity.
Business
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Business
QIB’s profit shoots up 13%
It reported $783m profit in the first nine months of the year.
- The bank's data showed an increase in earnings per share for the period ending on Sep. 30, 2022, to reach QR1.21, compared to QR 1.07 for the same period last year
- QIB carries out all banking, finance, investment and banking services in accordance with the provisions of Islamic Sharia
Business
Abu Dhabi Chamber to launch new digital platform
Abu Dhabi Chamber of Commerce and Industry (ADCCI) will launch a new platform for Abu Dhabi's business community in order...
- The Business Matchmaking Platform, which is currently going through the development phase, will enhance the experience of Abu Dhabi’s business community
- Members of Abu Dhabi Chamber will also be able to have a comprehensive overview of upcoming events and register for them, as well as access the latest data and insights
Geostrategy
Arab world rallies around Saudi Arabia over oil cut decision
Rallying behind Saudi Arabia, several Arab states have voiced their support for Saudi Arabia in the face of harsh criticism...
- The UAE said that the OPEC+ decision was vote-based collective
- Toeing the UAE’s line, Bahrain has expressed solidarity with Saudi Arabia, rejecting statements pushing towards politicizing OPEC+ decision on oil production cuts