UAB nine-month profit rises 6%

Loan growth, lower impairment charges boost earnings

du 9M profit up 10.8%

Revenue grows as connectivity demand supports earnings

Al Rajhi Bank 9M profit up

Revenue growth lifts earnings despite higher provisions

Mashreq prices Dim Sum bond

UAE bank raises offshore renminbi funding

Aldar buys Sharjah homes

Deal adds 1,100-plus rental units

Jordan minister urges officials to expedite services for citizens, investors

Nayef Steitieh told field managers in his ministry and across governorates to also look to replace expatriate workers with those...
  • Jordan’s Minister of Labor Nayef Steitieh on Saturday, December 19, called for investing in e-transformation
  • The move is expected to save time and effort of beneficiaries from the ministry's directorates and governorates

Omantel pushes for 5G adoption

The Oman-origin telecom firm has signed a deal with Optiva for this.
  • Omantel’s agreement with Optiva will upgrade the latter’s Charging Engine to a cloud-native architecture on the former’s private cloud
  • The upgrade is expected to support new business models for 5G monetization

Saudi Arabia contributes to support date palm sector globally

In 2020, Saudi Arabia hosted the International Date Council meeting, under the chairmanship of the Minister of Environment, Water and...
  • The Saudi National Center for Palms and Dates and the Ministry of Environment, Water and Agriculture worked on formulating and implementing initiatives
  • Saudi Arabia has supported the idea of establishing the International Date Council to strengthen international cooperation in this field

Saudi Arabia advises citizens against foreign travel

The Saudi Public Health Authority has also announced new precautions for travelers entering the country.
  • The Saudi Public Health Authority recommends that travelers coming from outside avoid social contact for at least five days
  • Waqeya also advised people to take the Covid-19 PCR test in the event of respiratory symptoms or a temperature rise

OIC says Afghanistan needs full support of member states

The OIC has said its members as well as non-members need to organize and implement an immediate humanitarian assistance plan...
  • The OIC has said its members as well as non-members need to organize an immediate humanitarian assistance plan for Afghanistan
  • The OIC humanitarian office in Kabul will assume the responsibility for the coordination of this aid

Oman agriculture ministry signs 4 deals worth more than $31m

The deals are in sectors ranging from livestock-rearing to vegetables, rabbits, and even Omani thyme.
  • The biggest of the projects is expected to produce 22,000 tons of meat and target the production of fodder and by-products
  • This project, worth RO11,387,000 ($29.62 million), will be on an area of 574 feddan (around 596 acre)

MYCRANE expands to India

The Dubai firm has appointed an exclusive pan-India franchisee.
  • The franchise partnership agreement was between MYCRANE and Sahil Freight Express Pvt Ltd was signed at Expo 2020 Dubai
  • The crane market in India is expected to grow strongly in the coming years due to the expansion of roads and metro railways

Moro Hub breaks ground for largest solar data center in region

The center will offer digital products and services using Fourth Industrial Revolution technologies, such as cloud services, the Internet of...
  • The data center will be implemented by Moro Hub, a subsidiary of Digital DEWA, the digital arm of DEWA
  • The carbon-neutral green data center will use 100% renewable energy with a capacity exceeding 100 megawatts

Iraq works with Belarus to drop fines on refugees stranded on border

The feat is said to have been achieved due to efforts from Iraq’s embassy in Moscow and ‘in coordination’ with...
  • An evacuation flight returned to the country from Belarus on Friday carried 258 Iraqis
  • Iraq has so far managed to bring back 3,817 of its citizens from Belarus over 10 trips

‘2022 Iraq budget depends on formation of new govt’

The Iraqi fiscal year ends on December 31, 2021, and the effective financial management law begins from the first day...
  • The Iraqi fiscal year ends on December 31, 2021, and the effective financial management law begins from the first day of January 2022
  • Iraq is in the process of forming a new government following the recent election in which the cleric Muqtada al-Sadr’s movement Saeroon won the most votes

Ground operation likely in Gaza Strip, says Israeli envoy to Russia

MOSCOW, RUSSIA - The probability that the Israel Defense Forces (IDF) will launch a ground operation against Palestinian group Hamas...

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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...

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...

ADQ submits shareholding offer to ADA

ADQ aims to establish a diversified aviation services and MRO business.

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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.

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.

Al Seer signs JV

The agreement was signed with Damen Shipyards and DTec Industries.
  • They will implement their success formulas to ventures and local partnerships to sell, build and maintain high-quality, innovative, and cost-effective marine vessels.
  • The Joint Venture between the companies will combine the best maritime talent in the industry and help position the UAE as the industry centre of excellence.