Modon inks 2 MoUs with Saudi Exports, Local Content Authority
RIYADH, SAUDI ARABIA - The Saudi Authority for Industrial Cities and Technology Zones (Modon) has signed two memorandums of understanding...
Business
SFD to provide US$20m loan to Central African Republic for development projects
MARRAKESH, MOROCCO - The CEO of the Saudi Fund for Development (SFD), Sultan bin Abdulrahman Al-Marshad, signed an additional US$20...
Business
Economy
Top company leaders highlight priorities for MENA governments at CEO Dialogue
Top company leaders highlight priorities for MENA governments at CEO Dialogue Leaders of top regional and international companies in the...
- The CEO Dialogue was hosted by the World Government Summit in collaboration with the Atlantic Council’s empowerME Initiative and Majid Al Futtaim.
- They discussed economic and social changes in the region over the past few years, development and opportunities for global growth.
Business
UAE an attractive work destination for GCC countries, says pension authority
The UAE is one of the most attractive Gulf Cooperation Council (GCC) countries for GCC citizens to work in, according...
- A total of 6,903 employees from GCC countries work in the UAE, out of the total 19,808 GCC employees working outside their countries.
- In the UAE, the insured is expected to pay 5 percent, public entities 15 percent and private entities 12.5 percent, and the rest of the 2.5 percent.
Business
ADNOC, TAQA partner to power, decarbonise offshore operations
The two companies announced on Wednesday a $3.6 billion (AED13.22 billion) strategic project to significantly decarbonise ADNOC’s offshore production operations,...
- The innovative project will see the development and operation of a first-of-its-kind high-voltage, direct current subsea transmission system in the MENA region
- It will power ADNOC’s offshore production operations with cleaner energy, delivered through the Abu Dhabi onshore power grid, owned and operated by TAQA
Science
MBRSC to manufacture MBZ-SAT, most advanced satellite in the region
The Mohammed Bin Rashid Space Centre (MBRSC) on Tuesday announced that it has completed the critical design review of MBZ-SAT,...
- The satellite design already completed weighs over 800 kg and is one of the largest and most advanced satellites to be developed in the UAE
- MBZ-SAT has been pivotal in supporting the local space industry, with 90 percent of the mechanical structure and 50 percent of the electronic modules being built in the UAE
Geostrategy
Sharjah Council okays measures for boosting safety of agri products
The Sharjah Executive Council (SEC) has approved a draft Emiri decree on organizing the Sharjah Classic Cars Club, and a...
- The Council approved draft Emiri decrees on organizing the Sharjah Classic Cars Club and the Sharjah Self-Defense Sports Club.
- The council directs the authorities concerned to equip cadres with the necessary inspection and control skills.
Geostrategy
The UAE joins SESAME as a member with observer status
Minister Al Kaabi indicated that the achievement will enhance the nation’s scientific capabilities and enable its scientific and industrial organizations...
- The move will enable scientists, researchers and industrial entities in the UAE to use the center’s specialized laboratories to conduct research and develop local industries.
- SESAME was conceived as an international facility for the benefit of the MENA region to help the region retain and attract scientific and engineering talent.
Geostrategy
Saudi media says the kingdom supports Yemen’s legitimate government
The General Authority for Statistics (GASTAT) released the Labor Market Publication, confirming that the unemployment rate of Saudis remained stable...
- Al-Bilad newspaper reported in its editorial that the Kingdom of Saudi Arabia exerts unprecedented efforts in supporting the legitimate government in Yemen.
- Al-Riyadh newspaper reported in its editorial that the addressing of unemployment rate is among the key goals of the Kingdom of Saudi Arabia's vision 2030.
Business
Indian Minister says UAE most popular tourist destination for his countrymen
The UAE is the most popular destination in the world for Indian tourists, according to figures submitted to Indian Parliament...
- The second and third most popular destinations for Indians were Thailand and Bangladesh, but their figures were way below those of the UAE.
- The Minister confirmed that 314,495 Indians left on tourist visas for the UAE in the first quarter of this year.
Business
Dubai records $212 million worth of realty transactions on Monday
Dubai’s real estate market recorded 246 sales transactions worth AED610.89 million ($166 million) and mortgage deals of AED151.82 million in...
- The sales included 223 villas and apartments worth AED 503.64 million, and 23 land plots worth AED107.25 million.
- The mortgages included 38 villas and apartments worth AED110.84 million and 18 land plots valued at AED40.99 million.
Business
UAE keen to expand economic and investment relations with India: Al Zeyoudi
UAE Minister of State for Foreign Trade Dr. Thani bin Ahmed Al Zeyoudi has said the trade partnership with India...
- India is the UAE’s second-largest trade partner, accounting for nine percent of the UAE’s overall global trade and 13 percent of the UAE's non-oil exports.
- Some 13 percent of India’s exports are re-exported through the UAE to the Gulf Cooperation Council, Iran, Iraq and some Central Asian countries.
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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
Modon inks 2 MoUs with Saudi Exports, Local Content Authority
RIYADH, SAUDI ARABIA - The Saudi Authority for Industrial Cities and Technology Zones (Modon) has signed two memorandums of understanding...
Business
Company News
TAQA to buy AlMansoori
Business
Aldar acquires Spark Security
Business
Latest News
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...
Geostrategy
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...
Economy
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...
Geostrategy
Most Read
Geostrategy
UAE calls Borrell’s ‘jungle’ remark as ‘racist and disappointing’
"Borrell’s remarks are a disappointing development that comes at a time when all parties are aware of the importance of...
- Borrell said in a speech in Bruges, Belgium that “Europe is a garden, but most of the rest of the world is a jungle, and the jungle could invade the garden”.
- The UAE asked the Office of the High Representative to "provide a written explanation of the High Representative’s hurtful and discriminatory comments".
Business
World Cup boom pushes some Qatar residents out of homes
More than one million football fans are expected to descend on the capital Doha during the November-December tournament, putting a...
- Most fans will be staying in hotels, apartments, cruise ships and desert camps booked through the official World Cup portal.
- To ease the crunch, FIFA recently released thousands of hotel rooms it had reserved, which experts have said could push World Cup prices down.
Economy
Saudi to target 11 decisions for Emiratisation program by 2022 end
Riyadh, Saudi Arabia---Saudi Arabia will target 11 new decisions for Emiratisation program in project management, procurement, food and drug sectors...
- New Emiratisation decisions will be targeted in project management, procurement, food and drug sectors.
- Emiratisation has cut unemployment rate of Saudis to 9.7 percent and increased the rate of economic participation of women by 35.6 percent.