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
Geostrategy
UN will support Iraq’s efforts for development, prosperity: Official
The head of the United Nations Assistance Mission for Iraq (UNAMI), Jeanine Hennis-Plasschaert, has said the UN will continue supporting...
- Head of the United Nations Assistance Mission for Iraq (UNAMI), Jeanine Hennis-Plasschaert, says 2021 was an important year for Iraq.
- Hennis-Plasschaert said many challenges remain although there have been achievements too.
Economy
Many factors shaping global economic outlook: Expert
UBP Senior Portfolio Manager Fares Benouari has predicted that 2022 would see greater exposure to ESG, automation, and fintech in...
- UBP Senior Portfolio Manager Fares Benouari has said the current global economic outlook depends on strains, spells, and administrative responses
- He also pointed out that businesses, however, have made productivity gains, pivoting to digital, increasing efficiencies, and reducing costs
Business
Jordan and Saudi Arabia discuss ways to develop agriculture sector
Jordan and Saudi Arabia have discussed the ways to increase the exchange of crops and foodstuffs between the two countries....
- Jordan's Minister of Agriculture Khaled Hneifat met a delegation of the Saudi Ministry of Agriculture, Environment and Water.
- The two sides held also discussed the most important export obstacles and some procedures on the two countries' borders.
Business
AFZ registers 349 new companies in Q3 2021
The results of the operational performance analysis also reflect the Free Zone’s distinct position in the emirate's export and re-export...
- In its report, AFZ said that education was the fastest-growing sector in the Free Zone with 34 percent growth, followed by advanced technology and health
- The Free Zone also recorded a 12 percent growth in the number of new companies registered in the food and beverage sector
Economy
World Bank approves $112 million to fund employment in Jordan
Jordan’s persistently high levels of unemployment are driven by the limited capacity of its private sector to create more and...
- WB finances the National Employment Programme (NEP) in the country to help its recovery from the COVID-19 pandemic by promoting private sector-led job creation
- The NEP aims to enable more than 2,000 private sector firms to hire and train over 63,000 new employees, a third of them women
Business
Mubadala, G42 plan campus
The biopharma campus is expected to be set up in Abu Dhabi.
- The biopharma campus is expected to tap into global vaccine and therapeutic products to strengthen regional supply chains
- It is also expected to drive the UAE’s diversification and economic-growth agenda
Business
Qatar and Iraq discuss cooperation in transportation sector
Minister of Transport Jassim bin Saif Al Sulaiti, and Minister of Transport of the Republic of Iraq Nasser Hussein Bandar...
- The total number of passengers who used the Doha Metro during the FIFA Arab Cup 2021 exceeded 2.5mn with an average of 130,000 passengers daily.
- According to Qatar Rail, the Doha Metro operated 50,000 trips during the tournament, covering 885,000km, and the average time between trains was 2.5 minutes
Arts & Culture
SBA signs pact with Rimini Meeting for cross-cultural exchange
Prominent world personalities hosted at Rimini Meeting over the years include Pope Francis; Dr. Boutros Boutros-Ghali, former UN Secretary-General
- The Italy based Rimini Meeting is Europe’s leading cross-cultural entity that hosts the world’s most notable thought and enlightenment leaders
- The MoU stipulates the terms for launching mutual initiatives to promote human values, as well as investing in arts, literature and knowledge
Geostrategy
Arab Parliament meet discusses strategy to tackle child exploitation
The committee’s members reviewed the updates on the preparation for the Arab Forum on the requirements for enhancing economic integration...
- Hasan Ali Al Madhani, Member of the State Council, chaired the deliberations of the Joint Committee on Sustainable Development
- Al Madhani gave a presentation on the participation of the Arab Region Parliamentary Forum on the 2030 Agenda for Sustainable Development
Business
Saudi Ports Authority announces new direct shipping service to Djibouti
The Saudi Ports Authority (MAWANI) has announced a new direct shipping service connecting Saudi Arabia to Djibouti, through the container...
- The service will connect Jeddah Islamic Port to Djibouti through the container transport company, Transmar.
- Jeddah Islamic Port is one of the three Saudi ports included in the 2021 edition of Lloyd's List of Top 100 Ports.
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
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
Latest News
TAQA to buy AlMansoori
Business
Aldar acquires Spark Security
Business
Saudi economy is the fastest growing among G-20 in 2022: report
The announcement comes after the IMF affirmed that the Kingdom's economic prospects are positive in the short and medium term.
Economy
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...
Business
Most Read
Economy
Visa-free travel between UAE, Japan starting Nov 1
Holders of UAE passports can stay in Japan for up to 30 days during each visit for the purpose of...
- Holders of UAE passports can stay in Japan for up to 30 days during each visit for the purpose of tourism or work
- The UAE is Japan's tenth largest trading partner in the world and is home to more than 340 Japanese companies operating in various sectors
Geostrategy
UAE, Chile ink pact to exchange knowledge on energy sector
UAE's Ministry of Energy and Infrastructure signed a Memorandum of Understanding with its counterpart in Chile to exchange knowledge and...
- Under the agreement UAE and Chile will exchange information, knowledge and expertise, hold high-level meetings to discuss issues.
- The two sides will organise relevant academic research and enhance their cooperation in clean and renewable energy.
Business
ADQ submits shareholding offer to ADA
ADQ aims to establish a diversified aviation services and MRO business.
- The combined group would have assets of approximately AED 9.4 billion ($2.6 billion) with an extensive portfolio of aircraft, MRO centers and hangars.
- Following completion, ADQ would own approximately 59 percent of the entire issued share capital of ADA.