Red Sea Global builds largest off-grid EV charging network in Saudi Arabia
RIYADH, SAUDI ARABIA - Red Sea Global (RSG), the multi-project developer behind the world’s most ambitious regenerative tourism destinations, Amaala...
Business
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
Business
Empower lists on DFM
Empower is the world’s largest district cooling services provider.
- Empower was established in 2003 to enable the real-estate sector to efficiently utilize energy through district cooling services
- The company is said to currently have a 79 percent market share in Dubai’s district cooling sector
Economy
Social insurance protection is for all GCC citizens, says UAE
As per the system, the insured will receive end of service benefits in accordance with the retirement law in the...
- The decision to provide the social insurance protection system to GCC citizens working in other countries was issued by GCC
- The UAE began implementing the system of extending social insurance protection on 1 January 2007 under law No.18
Business
Jordan exporters eye ‘promising’ Canada market
Jordan Exporters Association Khudari said the FTA between the two countries, which came into effect in 2012, provides "various and...
- Khudari stressed on the JEA's keenness to develop the businesswomen's capabilities and engage them in international trade
- Khudari lauded the TFOC's role in implementing programs in cooperation with the JEA to help Jordanian companies and businesswomen
Business
Iraq to increase oil production, says minister
The oil production in Majnoon Oil field will be increased to 450,000 barrels per day, said the Oil Minister of...
- He inaugurated the two buildings of Majnoon Oil Field Production and Development Authority
- Majnoon field contributes to provide good quantities of gas fuel for the uses of operating electricity power plants
Economy
Dubai becomes world’s first paperless government
The Dubai Paperless Strategy was implemented in five consecutive phases, each of which enlisted a different group of Dubai Government...
- The strategy was launched in 2018 to help Dubai become the world’s first paperless government
- The Dubai Paperless Strategy was implemented in five consecutive phases, each of which enlisted a different group of Dubai government entities
Business
KNPC warns people not to fall for ‘dubious’ online ads
Kuwait National Petroleum Company (KNPC) has denied offering shares for trading, warning social media users not to believe in some...
- The company's Deputy CEO for Administrative and Commercial Affairs and Official Spokesman Ahed Al-Khrayef said unknown entities have recently posted ads
- "These ads are totally divorced from reality, and the company has nothing to do whatsoever with these ads," he affirmed
Business
Exports of ACI soar 16% in first 11 months of 2021
Exports of Amman Chamber of Industry (ACI) have soared 16% during the past 11 months of 2021, compared to the...
- Most industrial sectors recorded an increase in exports of their products during the January- November period of 2021
- The United States of America, India, Saudi Arabia and Iraq accounted for the majority of ACI's exports during the past 11 months of 2021
Geostrategy
Iran-Saudi cooperation could set up new regional system: Johns Hopkins Prof
Negotiation is the first and foremost step, but not the last one, Nasr said, noting that there should be considerable...
- Negotiation is the first and foremost step, but not the last one, Nasr said, noting that there should be considerable agreements and outcomes to let the trust grow
- He said that the Biden administration is not willing to start a new hostility in the region, as the US has withdrawn from Afghanistan and is talking about evacuating from Iraq
Economy
Germany gives €21 million to support Palestinian refugees
Germany will provide €15 million to ensure that 50,000 Palestinian refugee children in Gaza and 46,000 in the West Bank...
- Germany will provide €15 million to ensure that 50,000 Palestinian refugee children in Gaza and 46,000 in the West Bank have continued access to learning in UNRWA schools
- The country will also support the early recovery of Palestine refugees in Gaza affected by the latest Israeli aggression through a €6 million contribution
Business
Saudi prince ends GCC tour with Kuwait
Saudi Arabia and Kuwait pledged to enhance bilateral cooperation and coordination in security, military, and economy.
- The two countries agreed to boost all means of cooperation on international climate policies
- They are expected to do this by implementing the Green Middle East Initiative launched by the Saudi crown prince
Red Sea Global builds largest off-grid EV charging network in Saudi Arabia
RIYADH, SAUDI ARABIA - Red Sea Global (RSG), the multi-project developer behind the world’s most ambitious regenerative tourism destinations, Amaala...
Business
Company News
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UAE, Lulu Money sign pact on digital KYC service
LuLu Exchange – one of UAE’s leading financial service providers, announced that it has signed an agreement with the country's...
Business
Nasdaq Dubai lists physically backed Bitcoin ETP
21Shares’ ETPs are already listed across 12 exchanges, including SIX Swiss Exchange, Deutsche Börse, EuroNext, BXSwiss, Wiener Börse, Quotrix etc.
Business
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
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Economy
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...
- This year’s publication will again be accompanied by a smart app to give increased access to the WOO’s vital analysis and energy data
- First published in 2007, the WOO provides an in-depth review and analysis of the global oil and energy industries
Business
flydubai, Smartwings sign agreement
flydubai will wet lease four Next-Generation Boeing 737-800 aircraft.
- flydubai currently operates a single-fleet type of Boeing 737 aircraft that includes 32 Next-Generation Boeing 737-800, 33 Boeing 737 MAX 8 and three Boeing 737 MAX 9.
- The all-Economy Class aircraft will operate on select routes on the flydubai network including Chattogram, Colombo, Dhaka, Karachi, Multan, Muscat and Sialkot.
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