Emirati investments in Turkey reach $5.6 billion in 2022
ABU DHABI, UAE – Ahmet Burak Daglioglu, Head of the Investment Office of the Turkish Presidency, said that the cumulative...
Business
UAE, South Korea ink MoU to enhance air transport relations
ABU DHABI, UAE - The United Arab Emirates, represented by the General Civil Aviation Authority (GCAA), has signed a Memorandum...
Geostrategy
Geostrategy
Abraham Accords established deep relations in the region: Israel PM
Bennett was speaking on the outcomes of the Abraham Accords Peace Agreement between the UAE and Israel.
- Israel’s PM marked his first visit to the UAE within a very short period after the signing of the Abraham Accords
- Naftali Bennett said that the relations that bind the State of Israel with the United Arab Emirates cover every possible field
Economy
Abu Dhabi Investment Office concludes investor interaction program
The Abu Dhabi Investment Office (ADIO) has connected with hundreds of global business leaders, entrepreneurs and innovators in a series...
- A series of six inaugural events by its international offices discussed expansion opportunities to the UAE capital.
- ADIO’s offices in London, Paris, Beijing, Seoul, New York and San Francisco each organized an event.
Business
FAHR releases a circular on new week system
The Federal Authority for Government Human Resources (FAHR) has issued a circular to all federal ministries and authorities on the...
- FAHR clarified that the official working week for federal government employees starts from Monday till Friday from 7:30am till 3:30pm daily
- Additionally, federal authorities can activate remote working system on applicable jobs, provided that they coordinate with FAHR before implementing this system
Business
Chimera Capital fund closes at $75m
The company's first venture capital fund exceeds initial target.
- Chimera Global Fund I LP ("the Fund") is backed by a number of regional and global Limited Partners including Mubadala Investment Company
- The Fund’s third and final funding round saw it exceed its initial US$65 million target in less than two months
Business
Mubadala and AD Gaming sign MoU
Both will cooperate to build a gaming and esports ecosystem in UAE.
- Part of the MoU is content creation, as well as support gaming initiatives and events in the UAE.
- The gaming and esports markets in the MENA region are growing faster than anywhere else in the world, says the AD Gaming Director of Strategy.
Business
Lockheed appoints Chief Executive for ME
Lockheed Martin has appointed retired U.S. Army Gen. John W. Nicholson as their new Chief Executive for the Middle East.
- Nicholson led the PenFed Foundation, a non-profit organisation that provides U.S. military service members and veterans with support to improve their financial well-being
- Bob Harward announced his intention to retire from Lockheed Martin at the end of this year after eight years of service
Business
Oman sees hospitality industry revenue fall 3.5%
The National Centre for Statistics and Information says domestic guest have supported the Oman's hotels.
- Domestic guests constituted the highest percentage of visitors in hotel industry of Oman
- The occupancy rate of hotels in Oman rose by 36.3 percent
Economy
Loubnany platform launches next month, will promote Lebanese economy
An online electronic platform named 'loubany', aimed at promoting Lebanon's economy and industry, will be launched in on 15 January...
- The platform spells out its vision as 'Lebanese production, creativity, innovation and competence to reach the four corners of the world'.
- The platform particularly addresses Lebanese Diaspora to support the Lebanese economic initiatives.
Economy
Iran to expand agricultural ties with European Union
“Iran intends to take advantage of the EU experience to improve agricultural commerce in Iranian villages with emphasis on women’s...
- “Iran intends to take advantage of the EU experience to improve agricultural commerce in Iranian villages with emphasis on women’s employment,” an Iranian official said
- Another priority for the ministry is designing and improving a national agricultural research plan, the official added
Business
Saudi Arabia launches regional center for sustainable development of fisheries
The center was announced by Crown Prince Mohammed bin Salman during the Middle East Green Summit held in Riyadh recently.
- Saudi Arabia’s National Program for the Development of the Fisheries Sector has launched a regional center to sustainably develop fisheries
- The program focuses on research in the fisheries sector and aquaculture related to the health of animals and aquatic organisms
Emirati investments in Turkey reach $5.6 billion in 2022
ABU DHABI, UAE – Ahmet Burak Daglioglu, Head of the Investment Office of the Turkish Presidency, said that the cumulative...
Business
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UAE offers low-risk business climate
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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...
Business
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...
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...
Economy
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Geostrategy
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...
- An agreement was signed between the two countries during the presence of Saudi's Crown Prince & Prime Minister and South Africa's President
- The agreement contains cooperation and exchange of news between the Saudi Press Agency (SPA) and the state-run South African News Agency.
Economy
GCC and UK hold first round of talks on Free Trade Agreement
The British government said the Free Trade Agreement is a major economic opportunity and plays a key role in the...
- The two sides discussed Free Trade Agreement's goals and the exchange of technical information in 29 areas.
- More than 100 British negotiators representing different sides of the British government participated in the round.
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