UAE invests $36bn in renewable energy projects in 2022, says ADDED Â chairman
ABU DHABI, UAE - Chairman of the Abu Dhabi Department of Economic Development (ADDED) Ahmed Jasim Al Zaabi has said...
Economy
PIF sets up Tasaru Mobility Investments
The firm will drive strategic investments and partnerships
Business
Business
UAE and Uzbekistan to ‘prepare government leaders’
The UAE and Uzbekistan have joined hands to launch a four-month ''Uzbek Government Leadership Program'' to prepare a generation of...
- The new program seeks to enable the participants to identify the best skills in specialized fields, through virtual workshops and dialogue sessions
- It will further organize knowledge visits to a number of government departments
Business
UAE elected to Council of International Maritime Organization for third time
The UAE has been re-elected to the Council of the International Maritime Organisation (IMO) in the Category B membership for...
- The results of the election were announced during the 32nd session of the IMO Assembly in London.
- UAE ranks fifth as a key competitive maritime hub and 13th globally in Port Performance and Efficiency Index.
Business
Global Business Forum ASEAN ends, records 1,368 participants
A total of 1,368 delegates from 58 countries – including 250 virtual participants – attended the first edition of the...
- GBF ASEAN was held 8-9 December and organized by Dubai Chamber in partnership with Expo 2020 Dubai under the theme ‘The New Frontiers’.
- The Forum is part of Dubai Chamber’s flagship Global Business Forum series, which was launched in 2013 to explore economic opportunities in Latin America and Africa.
Business
Roborace, ADIO and Mubadala team up for innovation
Abu Dhabi Investment Office (ADIO), Mubadala, and Roborace have signed a Memorandum of Understanding (MoU) to drive innovation in the...
- Roborace will review the opportunity to establish its regional HQ in Abu Dhabi
- ADIO, Mubadala and Roborace are active proponents of the 4th Industrial Revolution
Economy
Iran plans to double exports to neighboring countries in four years
Iran plans to double exports to regional countries within the four-year term of President Ebrahim Raisi, though the target is...
- The target is achievable even within the next two years and a half, said Deputy Foreign Minister for Economic Diplomacy Affairs Mehdi Safari.
- Iran’s exports to Uzbekistan have grown from $120 million to $500 million during the past two months
Business
Jahez to raise $428m through IPO
HSBC is the financial advisor of the Saudi online food delivery startup.
- It has set the price range for its IPO on Nomu Parallel Market between SR750 and SR850 per share
- HSBC Saudi Arabia is the financial advisor, lead bookrunner, lead manager, and stabilization manager for the listing
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
UAE invests $36bn in renewable energy projects in 2022, says ADDED Â chairman
ABU DHABI, UAE - Chairman of the Abu Dhabi Department of Economic Development (ADDED) Ahmed Jasim Al Zaabi has said...
Economy
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Tibbiyah suffers H1 loss of $6m
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
flydubai, Smartwings sign agreement
flydubai will wet lease four Next-Generation Boeing 737-800 aircraft.
Business
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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.
Business
QatarEnergy becomes 100 percent owner of Siraj Energy joint venture
QatarEnergy bought 49 percent of Qatar Electricity and Water Company’s share in Siraj Energy.
- Siraj Energy was established in 2017 to finance, build, operate, and maintain solar power facilities, and sell electricity generated from solar power, within Qatar.
- Â Siraj Energy has a 60 percent interest in Siraj (1) which owns and will operate Al-Kharsaa Solar Photovoltaic (PV) Independent Power Project.