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
Saudi Arabia launches program to document football clubs’ chants
Riyadh, Saudi Arabia - The Saudi Commission launched Wednesday "Saudi Football Trouq", a unique initiative that is dedicated to the...
Arts & Culture
Geostrategy
UAE keen to foster cooperation with ASEAN, says Foreign Affairs Minister
Reports say that Sheikh Abdullah bin Zayed praised the outstanding relations between the UAE and the ASEAN countries.
- The two sides hailed the distinguished relations between the UAE and the ASEAN group in a meeting held at Dubai Expo 2020
- The two parties reviewed the role of Expo 2020 Dubai in reinforcing the cooperation between the UAE and the ASEAN group
Geostrategy
Saudi Arabia stresses need for international cooperation to fight corruption
Combating corruption requires cooperation from every person in all societies at all levels in all its forms and manifestations, said...
- Mazen bin Ibrahim Al-Kahmous, President of Saudi Arabia's Oversight and Anti-Corruption Authority. was speaking at UN Convention against Corruption.
- Saudi Arabia's "Riyadh Initiative" aimed at establishing a global operation network of anti-corruption law enforcement authorities.
Economy
Syria approves $5bn budget for 2022 as economic crisis hits finances
Syrian lawmakers have approved a draft budget for 2022 of $5.3 billion, down from $6.8 billion this year, as a...
- A decade of war, Western sanctions and the coronavirus pandemic have devastated the Syrian economy, pushing most of the population into poverty.
- Government spending has been cut by more than 40 percent over the past two years, with cuts threatening a critical social support program.
Geostrategy
Naif Arab University and Tunisia’s justice ministry sign exchange pact
Naif Arab University for Security Sciences has signed a cooperation agreement with the Tunisian Ministry of Justice on the sidelines...
- The two sides will exchange expertise in academics, research and training programs, symposiums, forums, conferences and workshops
- NAUSS specializes in advanced security-related studies at the postgraduate level in the form of diplomas, master’s degrees and doctorate programs.
RewirEd Summit concluded at Expo 2020 Dubai
The RewirEd Summit sponsored by Etihad Airways and Hettich in Expo 2020 Dubai concluded yesterday with a series of major...
- The RewirEd Declaration launched by UNESCO and Dubai Cares on Connectivity for Education was the key announcement of this summit
- The UAE was praised by all the five presidents along with 45 ministers in the summit for delivering quality education
Business
ADNOC announces big onshore oil and gas find in Abu Dhabi
ADNOC announced on Wednesday "significant conventional oil, condensate and gas discoveries" of up to 1 billion barrels of oil equivalent...
- Conventional oil, condensate and gas discoveries of up to 1 bn barrels reported from an exploration well in Abu Dhabi’s Onshore Block 4 Concession.
- The oil giant said the next step is to appraise and further quantify these resources as well as to explore the potential in and around Onshore Block 4.
Economy
UAE taps Harvard lab to help build its economy
The new partnership between Harvard university’s Growth lab and the UAE’s Ministry of Economy is in line with the government’s...
- The UAE signed agreement with Harvard’s Growth Lab, specialized in theoretical and empirical research on determinants of growth
- The two-year program under the agreement will see academic experts conduct evidence-based economic analyses and research
Business
Automechnika Dubai exhibits technological changes in auto sector
The 18th edition of the show, organised by Messe Frankfurt Middle East, has exhibitors from 47 countries and 12 national...
- The 18th edition of the show, organised by Messe Frankfurt Middle East, has exhibitors from 47 countries and 12 national pavilions
- Industry analysts forecast the GCC’s automotive parts retail revenue will grow at a compound annual growth rate of 5.8 percent to US$6.84 billion in 2025
Science
UAE names newly EAO-discovered stars after Sheikh Zayed
The stars were photographed using an Astronomical Observatory with a diameter of 0.6 meters, using a specialized astronomical camera at...
- The discovery was made by EAO engineer Nezar Sallam in conjunction with the World Space Week
- These stars were monitored by the EAO and their data was analyzed using software and mathematical algorithms
Business
Abu Dhabi Islamic Bank provides $270m in UK real estate finance
Over the last three years, ADIB has catered to the growing demand for commercial property investments in London as well...
- The bank closed two deals in the UK in the month of November alone, taking its UK portfolio to around AED2.5 billion.
- ADIB also provided AED36 million to the Al Rajhi Legacy Fund on their acquisition of Olympus House in England.
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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
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
Company News
Latest News
Saudi Arabia grants 52 mining licenses in August
Riyadh, Saudi Arabia—Saudi Arabia’s Ministry of Industry and Mineral Resources has issued 52 new mining licenses in August 2022, according...
Business
OPEC’s World Oil Outlook to be launched at ADIPEC on Oct 31
This year’s publication will again be accompanied by a smart app to give increased access to the WOO’s vital analysis...
Economy
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Business
By 2030, TAQA targets a 25% reduction in greenhouse gas emissions
The strategy includes the national low-carbon power and water champion’s interim greenhouse gas (GHG) emissions reduction goals.
- The strategy includes the national low-carbon power and water champion’s interim greenhouse gas (GHG) emissions reduction goals
- TAQA will focus on the decarbonisation power and water supply, electrification across sectors to support more efficient use of power and water
Business
Mubadala buys stake in EQT Infrastructure’s GlobalConnect
GlobalConnect is a fiber-based data center services provider.
- Headquartered in Stockholm, Sweden, GlobalConnect is a fiber-based data communication and data centre services provider.
- The company was created in 2019 through the combination of four independent fiber platforms in Denmark, Norway and Sweden.
Economy
Abu Dhabi’s Environment Agency holds training for industries
The Environment Agency - Abu Dhabi (EAD) organized two training workshops on the Green Industries environmental labeling program.
- The Green Industries program aims to recognize industrial facilities that adopt green processes and operations.
- The workshops, held digitally, were attended by over 135 industrial facilities from various sectors in Abu Dhabi.