Real estate trading volume in Qatar exceeds US$88m in week
DOHA, QATAR - The volume of real estate trading in sales contracts at the Department of Real Estate Registration at...
Business
Dubai at top global ranking for attracting Greenfield FDI projects in H1 2023
DUBAI, UAE - Dubai remains the top global destination for attracting Greenfield Foreign Direct Investment (FDI) projects, with the emirate...
Business
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.
Business
Oman’s economic city Khazaen signs two pacts to carry out vital projects
Khazaen, Oman's fully integrated economic city, has signed two agreements worth more than Omani Riyal 1.5 million ($3.8 million) with...
- One of the agreements signed with an Omani company named Western Door Trading to set up a multipurpose logistics center.
- The second agreement provides for the setting up of a processing unit and a warehouse with a capacity 20 tons a day.
Geostrategy
No presence of American combat forces in Iraq, says the White House
The remaining coalition forces in Iraq will be present at the invitation of the government only to provide advice, assistance...
- The Assistant to the President Brett McGurk says coalition forces will be present at the invitation of the government for various purposes.
- Iraq's NSA Qassim Al-Araji said that relationship with the international coalition will continue in the field of training, advice and empowerment
Geostrategy
Qatar Red Crescent Society and Jordan to treat Syrian refugees, underprivileged
Hammadi talked about Boosting joint efforts in terms of mobilizing resources and support in Qatar to contribute to the treatment...
- Princess Ghida thanked Qatar and expressed her appreciation for the QRCS for its belief in KHCF and KHCC's missions
- Sheikh Saud bin Nasser bin Jassim Al Thani, said this cooperation between both the parties reflects a humanitarian duty
Business
12 Ajman banks sign pact with Department of Finance for easy payment plan
The Ajman’s Department of Finance has signed agreements with 12 local banks to offer an "easy payment plan", which allows...
- The plan allows payments for government service fees through installments through Ajman Pay platform.
- Conditions and steps to apply for easy payment plan are defined by the participating banks.
Geostrategy
Cooperation, security remain focus of GCC summit
The GCC leaders discuss political issues and security challenges that require intensified efforts to enhance regional solidarity.
- The GCC leaders discuss political issues and security challenges that require intensified efforts to enhance regional solidarity
- The 42nd session of the Supreme Council of the GCC countries, chaired by Saudi Arabia, seeks to strengthen the process of cooperation
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Real estate trading volume in Qatar exceeds US$88m in week
DOHA, QATAR - The volume of real estate trading in sales contracts at the Department of Real Estate Registration at...
Business
Company News
UAE offers low-risk business climate
Infographics
Latest News
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...
Economy
Bahrain calls for adoption of new solutions to spur growth
Washington, US—Bahrain has called for adoption of innovative solutions to encourage economic growth and sustainable development goals for all countries....
Economy
Saudi Arabia and S. Africa to deepen ties in several fields
The agreement would result in partnership in encouraging direct investment, communications and information technology, exploring the establishment of a joint...
Geostrategy
Most Read
Geostrategy
Dubai records 65% decline in crime reports during Q3
Dubai, UAE—Dubai Police has recorded a 65 percent drop in the number of criminal reports during the third quarter of...
- The statistics were revealed during the quarterly appraisal meeting of the General Department of Criminal Investigations (CID)
- Lt. Gen. Al Marri, head of Dubai Police, commended the efforts made by the dedicated officers and employees of the CID to apprehend the perpetrators of crimes
Economy
WFP calls for action to avoid another year of record hunger
UAE Minister of Climate Change and the Environment Mariam bint Mohammed Almheiri said that the crises facing the world today...
- The UAE has launched the Agriculture Innovation Mission for Climate (AIM for Climate) in partnership with the US.
- The objective is to raise investments worth US$8 billion in sustainable and climate-smart agrifood systems based on modern technologies.
Market Report
Saudi TASI plummets, UAE indices show mixed trends over the week
The UAE stock market followed the trend of other markets worldwide and ended the week on a high note but...
- A 5.2 percent gain in Multiplay Group's share price, a 3.3 percent increase in Aldar Properties' share price pushed the Abu Dhabi index up 0.9 percent on Friday (October 14).
- The Dubai index rose 0.8 percent on Friday (October 14, 2022), led by the gains in the real estate and banking sectors.