Dubai Customs strengthens partnerships with courier firms to expand e-commerce
DUBAI, UAE - Dubai Customs recently convened an extensive meeting with the courier and express shipping companies, aimed at bolstering...
Business
ADNOC, Fertiglobe to pilot cost-effective modular carbon capture technology
ABU DHABI, UAE – ADNOC and Fertiglobe on Tuesday announced the pilot deployment of the world’s first cost-effective modular CycloneCC...
Business
Business
Dubai World Trade Center to become regulator for virtual assets, crypto
The World Trade Center will deliver and oversee a new world-class regulatory framework of Virtual Asset legislative and enforcement policies.
- The announcement follows the efforts to further develop Dubai virtual assets and markets, includes creating a framework for financial products.
- The Dubai World Trade Centre will collaborate with the private sector and relevant entities in Dubai to create an attractive environment for the sector.
Infographics
Where do Arab countries stand, according to GDP?
The most common way to quantify the economic health of a country is by calculating its gross domestic product (GDP).
- GDP is the total market value of all the goods and services produced within a country in a specific time period
- It is usually calculated on an annual basis, with the time period corresponding to the fiscal year rather than the calendar year
Arts & Culture
UAE Declaration of Arabic Language launched by Sheikh Mohammed
Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister, on Tuesday launched the UAE Declaration of Arabic Language...
- The declaration aims to draw out a unified roadmap for various institutions in Arab countries.
- The declaration was introduced in the presence of the Arab Ministers of Culture to mark the World Arabic Language Day
Geostrategy
Above 2.5 million passengers used Doha Metro during Arab Cup in Qatar
More than 2.5 million passengers used Doha Metro during that Arab Cup hosted by Qatar from Nov 30 to Dec...
- Qatari media reports said Doha Metro operated 50,000 trips during the tournament.
- Except on Friday, Doha Metro ran for 21 hours a day throughout the week.
Arts & Culture
Abu Dhabi to host Pokemon GO Tour live event in 2022
Gamers on Yas Bay will be joined by those taking part in Monterrey, Mexico at Parque Fundidora and Kaohsiung, Taiwan...
- The event will be hosted by Niantic, the AR company behind Pokémon GO, in partnership with the Department of Culture and Tourism - Abu Dhabi
- The ticketed event will include real-world habitats, special in-game features, photo ops, a special game plan, exclusive merchandise and targets existing gamers
Economy
Dubai emerges as global superyacht capital
Dubai is now home to 15 marinas with more than 3,000 berths, which can accommodate an array of pleasure craft...
- Dubai is now home to 15 marinas with more than 3,000 berths, which can accommodate an array of pleasure craft and luxury yachts as well as superyachts and gigayachts
- More than 200 superyachts were registered across the Middle East as of 2019 with Dubai being the base for many of these vessels, says a report by Oxford Business Group
Business
Abu Dhabi Ports Group to build first cruise facility outside of UAE
Abu Dhabi Ports Group has signed an agreement with the Aqaba Development Corporation (ADC) of Jordan to build a cruise...
- It will be the first facility to be developed by AD Ports Group in Jordan.
- Under the agreement, AD Ports Group's digital arm, Maqta Gateway will also manage the implementation of an advanced Ports Community System.
Business
Alpha Dhabi Holding to invest $272m in TA’ZIZ as part of expansion plans
Alpha Dhabi Holding, the Abu Dhabi-based conglomerate, has announced that it will be investing about AED1 billion in the Abu...
- Alpha Dhabi has announced targeting AED8 billion for investments in real estate, hospitality and healthcare.
- TA’ZIZ is an industrial services and logistics organization that enables and supports the growth of the Ruwais Industrial Complex.
Business
UAE gateway to GCC and Africa markets, says India’s industry minister
India's Minister for Commerce and Industry Piyush Goyal has said that his country's goal is to become the UAE's number...
- UAE commits $100 billion investment and infrastructure creation in India, says Piyush Goyal.
- The UAE-India CEPA will be India’s fastest-negotiated Free Trade Agreement ever between two nations, he said.
Business
Rossi appointed Acer Mideast VP
Michele Montecchio was appointed as Country Manager for the Middle East.
- Paul Collins, after driving the Acer Middle East and Africa business for seven years, has decided to retire.
- Rossi has been with the firm since 2007, having started in product development.
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
Dubai Customs strengthens partnerships with courier firms to expand e-commerce
DUBAI, UAE - Dubai Customs recently convened an extensive meeting with the courier and express shipping companies, aimed at bolstering...
Business
Company News
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Qatar’s Museum of Islamic Art to reopen on October 5
Arts & Culture
Finance Ministers of UAE, India discuss trade, economic ties
UAE Minister of State for Financial Affairs Mohamed bin Hadi Al Hussaini met with India's Minister of Finance Nirmala Sitharaman...
Geostrategy
Reliable Engineering opens plant
The production unit was inaugurated at Hamriyah Free Zone in Sharjah.
Business
Dubai Customs issues authorization certificates to free zone companies
Dubai Customs provides the services and facilities to licensed companies in the free zones of the Emirate to boost investments...
Economy
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Business
Saudi to build world-class mining business in cooperation with South Africa
Riyadh, Saudi Arabia-- Saudi Arabia's Deputy Minister of Industry and Mineral Resources for Mining Affairs Khalid bin Saleh Al-Mudaifer said...
- Saudi Arabia expects its mineral wealth to exceed $1.3 trillion as it plans to triple spending on exploration of metals over the next three years.
- Saudi deputy minister Khalid bin Saleh says the two countries will focus on quality of the projects.
Economy
UAE’s minister is new Chairman of WBG-IMF committee
During his two-year tenure, the minister will work with the committee that include ministers, and the Board of Governors of...
- The committee aims to achieve international cooperation and consensus on issues related to development
- Development Committee is a ministerial-level forum that represents the member countries of the WB and IMF
Economy
IMF, Egypt finalize work to reach staff-level agreement soon
Washington, US-- International Monetary Fund and Egyptian authorities have agreed to finalize their work to reach a Staff-Level Agreement very...
- IMF has said the implementation of Egypt's comprehensive structural reform agenda would gradually enhance the competitiveness of the economy.
- The two sides are still in the process of determining the Egyptian exchange rate policies.