Dubai Customs strengthens partnerships with courier firms to expand e-commerce
DUBAI, UAE - Dubai Customs recently convened an extensive meeting with the courier and express shipping companies, aimed at bolstering...
Business
ADNOC, Fertiglobe to pilot cost-effective modular carbon capture technology
ABU DHABI, UAE – ADNOC and Fertiglobe on Tuesday announced the pilot deployment of the world’s first cost-effective modular CycloneCC...
Business
Geostrategy
As thaw sets in, Qatar and Saudi Arabia review ties
Qatar's emir Sheikh Tamim bin Hamad Al-Thani and visiting Saudi Crown Prince Mohammed bin Salman discuss ways to support and...
- This is Saudi Crown Prince's first visit to Qatar after relations were fully restored in January following a landmark summit in the Saudi desert city of Al-Ula.
- Saudi Arabia, the UAE and Bahrain cut all links with Qatar in June 2017, alleging it backed radical groups and was too close to Tehran -- allegations Doha denied.
Business
Mubadala invests in US-based Medallia
Medallia captures experience data from customers and employees.
- Medallia was founded in 2001 and is a provider of experience management software to customers.
- Mubadala was founded on 19 January 2017 and Crown Prince of Abu Dhabi Sheikh Mohammed bin Zayed Al Nahyan is its Chairman.
Business
Dubai Financial Market announces new trading hours from 3 Jan 2022
Dubai Financial Market (DFM) has announced new trading hours from 3 January 2022. The new trading session of five hours...
- The new trading session of five hours will be between 10 AM and 3 PM from Monday to Friday.
- The new trading hours have been set in coordination with local and international market participants, DFM said.
Economy
Dubai’s carbon emissions have fallen by 22 percent in 2019
Dubai's carbon emissions have fallen by 22 percent in 2019, reflecting the efforts made by its strategic partners to support...
- Dubai Supreme Council of Energy discusses a resolution to achieve carbon neutrality by 2050.
- The meeting also discussed the implementation of a resolution to regulate district cooling services in Dubai.
Business
Ras Al Khaimah moves to regulate transporting passengers by luxury vehicles, limousines
Ras Al Khaimah has regulated the activity of transporting passengers by luxury vehicles and limousines in the emirate. Sheikh Saud...
- Ruler of Ras Al Khaimah Sheikh Saud bin Saqr Al Qasimi approved Resolution no.3 of 2021 which paved the way for this regulation.
- The move mandates Ras Al Khaimah Transport Authority to organise the activity of transporting passengers by luxury vehicles and limousines in the emirate
Geostrategy
UAE tops Bloomberg’s monthly Covid Resilience Ranking for Nov 2021
UAE has risen to the top spot on Bloomberg's Covid Resilience Ranking, dethroning Europe that has been dominating the top...
- A Bloomberg report said UAE one of the only seven countries that never fell into the bottom half of the Ranking.
- Iraq jumps 21 spots after community mobility surged and domestic life normalized.
Economy
Three laws introduced in UAE after the biggest-ever amendments
The UAE has introduced three new economic laws, with the government saying these laws underwent the largest legislative amendments of...
- The laws are the Commercial Companies Law, Commercial Registry Law and the Trademarks Law.
- Commercial Companies Law abolishes the maximum and minimum percentage of the founders’ contribution to the company’s capital at the time of the public offering
Business
China offers Kuwait help in developing its ports to boost maritime trade
China is willing to assist Kuwait to develop its ports given the significance of such facilities in the ##international maritime...
- Chinese port official stresses the significance of port facilities in international maritime trade.
- Kuwait's imports from China were worth $4.94 billion during 2020, according to the UN database on international trade.
Geostrategy
UAE signs air transport MoU with Colombia
The UAE’s General Civil Aviation Authority represented the country in the signing of the deal.
- This MoU is expected to enhance the air connectivity between the two countries
- It will let the national carriers of both countries initiate the operation of scheduled passenger and all-cargo flights
Business
Aramco taps L&T for Saudi facility
Spread over 120,000 square meters of area, the facility which is to construed by L&T aims to create crucial equipment...
- L&T is to build the region’s first Heavy Wall Pressure Vessels facility at Jubail Industrial City
- More than 20 MoUs were signed under the Namaat program of Aramco in September 2021
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Dubai Customs strengthens partnerships with courier firms to expand e-commerce
DUBAI, UAE - Dubai Customs recently convened an extensive meeting with the courier and express shipping companies, aimed at bolstering...
Business
Company News
Alhokair trims H1 loss by 49%
Business
Latest News
SALIC to set up storage center
Business
Video highlights: Futuristic TOP CEO 2022 discusses economic opportunities
The TOP CEO Conference, held in Dubai in Q2, discussed several burning global and regional issues of the time. It...
Business
Saudi Arabia dismisses statements critical of OPEC+ quota cut
A few days after US President Joe Biden said that there would be consequences for Saudi Arabia on its decision...
Economy
ENOC unveils service station of future for public at Expo City
Dubai, Abu Dhabi -- ENOC Group announced Wednesday that its Service Station of the Future is now open to the...
Business
Most Read
Business
Wio Bank, Stripe sign partnership
Will enable SMEs to access e-commerce faster.
- They will also ensure easy onboarding and a simple pay-as-you-go pricing model.
- Users can soon sign up on the Wio Business app and be set up with a payment gateway to optimize payments within minutes.
Business
ADNIC, JAFZA sign insurance pact
JAFZA is home to over 9000 companies, including Fortune 100 firms.
- ADNIC will provide pre-underwritten insurance products for health and office insurance with exclusive pricing.
- Through this partnership, the Jafza community will benefit from hassle-free online enrolment for health insurance policies.
Economy
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...
- The MoU aims to enhance the cooperation between the two parties to spread awareness and introduce the initiatives and programmes offered by NAFIS
- The NAFIS programme is working to achieve Emiratisation rates in the private sector with set deadlines through partnerships with private and government organisations