Central Bank of Bahrain treasury bills oversubscribed by 149 percent
MANAMA, BAHRAIN - This week’s BD 70 million (US$186 issue of Government Treasury Bills has been oversubscribed by 149 percent....
Business
UAE minister calls for climate action by promoting nature-based solutions
NEW YORK, US – UAE Minister of Climate Change and the Environment Mariam bint Mohammed Almheiri called upon the global...
Geostrategy
Geostrategy
Egypt pledges support to Lebanon after Sisi-Mikati meeting
Egypt has pledged support to Lebanon "at all levels" and stressed that it needs "political accord" to reawaken from the...
- Egyptian President said 'he gave directions to the relevant ministries to take care of all Lebanon’s demands'.
- Sisi stresses on the need for political accord in Lebanon to reawaken from the setbacks.
Business
Oman launches operations at 500-acre shrimp farming project
A commercial shrimp farming project was launched at Quroom Farm in Jaalan Bani Bu Hassan, in the Governorate of South...
- Quroom Farm in Jaalan Bani Bu Hassan is is set to have a total capacity of 4,600 tons per annum by the time it is completed in 2023.
- The farm will also serve as a springboard for academics and researchers in the field of aquaculture.
Geostrategy
Saudi Arabia, Singapore to enhance cooperation in digital economy
The Kingdom and Singapore seek to activate the partnership by signing a memorandum of understanding for digital cooperation.
- The Kingdom and Singapore seek to activate the partnership by signing a memorandum of understanding for digital cooperation
- The two countries also aim to improve bilateral relations in the field of communications, information technology and the digital economy
Economy
Sweden to support Gaza early recovery program through UNDP
The Gaza Early Recovery Program aims to restore access to essential services, decent livelihoods for the Gaza population.
- The Gaza Early Recovery Program aims to restore access to essential services, decent livelihoods for the Gaza population
- The program will also prioritize women-headed households and persons with disabilities and provide them with cash assistance to address their accommodation needs
Research
Qatar, UNESCO launch Arabic version of freedom of expression report
While launching the report, Acting Director of the Information Office at the Ministry of Foreign Affairs Ibrahim bin Sultan Al...
- The launch of the Arabic version of the report is the first fully translated into a language other than English
- Qatar hopes that the report will be an entry point for discussion for academics, journalists, and the public about misleading information
Science
UAE to fund project against red palm weevil
The red palm weevil is said to be a highly destructive pest that blights palm trees.
- The tripartite agreement has been signed by the UAE’s Ministry of Climate Change and Environment
- The other signatories are the Khalifa Center for Genetic Engineering and Biotechnology and the UN Food and Agriculture Organization
Business
Syria to host the Arab Energy Conference in 2024
The meeting of the Council of Ministers of the Organization of Arab Petroleum Exporting Countries (OAPEC), was held on Thursday...
- The meeting of the Council of Ministers of the Organization of Arab Petroleum Exporting Countries (OAPEC), was held on Thursday via video
- The ministers agreed that Syria would head the Council of Ministers of OAPEC as of January 2022 until January 2023
Business
Saudi Arabia, Bahrain review ways to boost ties
The two countries are seeking to establish a regional complex for the extraction, use, and storage of carbon.
- The two sides agreed to enhance cooperation on international climate policies
- They will also look to focus on emissions rather than sources through the application of the Circular Carbon Economy approach
Business
DP World adds LatAm infra
It will add warehouses in Ecuador and the Dominican Republic.
- DP World and Emergent LatAm will develop two temperature-controlled logistics facilities in Latin America
- These developments will provide Emergent LatAm and DP World customers with a supply-chain solution
Economy
Gates visits Dubai Expo, urges attainment of Sustainable Development Goals
During the tour, Gates was briefed on the ‘Ideabatic’, a low-cost innovation developed by Kitty Liao of the UK.
- During the tour, Gates was briefed on the ‘Ideabatic’, a low-cost innovation developed by Kitty Liao of the UK
- Gates urged the world to speed up the implementation of its commitments to the Sustainable Development Goals 2030
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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
Central Bank of Bahrain treasury bills oversubscribed by 149 percent
MANAMA, BAHRAIN - This week’s BD 70 million (US$186 issue of Government Treasury Bills has been oversubscribed by 149 percent....
Business
Company News
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SALIC to set up storage center
Business
NAFIS partners with du to hire 500 Emiratis in private sector
The MoU aims to enhance the cooperation between the two parties to spread awareness and introduce the initiatives and programmes...
Economy
UAE President Sheikh Mohamed holds talks with President Putin
UAE President Sheikh Mohamed bin Zayed Al Nahyan has called for peace during his meeting with Russian President Vladimir Putin...
Geostrategy
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Business
DEWA to enhance ties with foreign firms at GITEX Global 2022
MD and CEO of Dubai Electricity and Water Authority (DEWA) Saeed Mohammed Al Tayer received Consul-General of Canada to Dubai...
- Al Tayer emphasized DEWA’s keenness to consolidate cooperation and exchange expertise with Canadian companies.
- The DEWA CEO highlighted DEWA’s key development projects and strategic initiatives, especially the technological projects.
Economy
UAE to launch new integrated ‘EmaraTax’ platform later this year
Dubai, UAE---The UAE Federal Tax Authority (FTA) has announced that the new "EmaraTax" integrated platform will be launched later this...
- EmaraTax will significantly enhance the way that taxpayers can access the FTA’s services, pay their taxes and obtain refund.
- The new platform also greatly enhances the ability of the FTA to administer taxes in the UAE.
Business
Villas, apartments worth $265 million sold in Dubai
Dubai, UAE--- Dubai real estate market recorded realty deals worth AED1.5 billion ($408 million) on Tuesday, Dubai Land Department said.
- The total realty deals recorded during the day amounted to $408 million, according to Dubai Land Department.
- Mortgages included 47 villas and apartments worth AED109.29 million and 30 land plots valued at AED80.72 million.