China grants Approved Destination Status to Saudi Arabia
RIYADH, SAUDI ARABIA – China on Tuesday granted Approved Destination Status (ADS) to the Gulf Kingdom. The bilateral agreement, signed...
Geostrategy
ADNOC, TAQA complete financial closing on sustainable water supply project
ABU DHABI, UAE - ADNOC and Abu Dhabi National Energy Company (TAQA) have completed the financial closing of their $2.2...
Business
Business
EPG to bring out NFT stamps on National Day
To commemorate the UAE’s National Day, Emirates Post Group (EPG) will issue non-fungible token (NFT) stamps, the first in the...
- These innovative NFT stamps will have a digital twin in the blockchain and will be sold as digital collectibles linked to its physical stamp counterpart
- Buyers will only get to see the digital design linked to the physical stamp after scanning the QR code printed on the front side of the card
Business
ENOC Group records strong growth in supply of lubricants Idemitsu
"Our successful partnership with Idemitsu underlines the Group’s strong competencies in the lubricants business,” Saif Humaid Al Falasi, Group CEO,...
- ENOC Group plans to expand its geographical reach to Jordan, Kuwait, Yemen, Sudan, Ghana, Nigeria, Ethiopia, Tajikistan and Uzbekistan by end of 2021
- In 2020, ENOC signed an agreement with Idemitsu to produce, distribute and manage the supply of lubricants for Idemitsu and Japanese OEM clients
Business
ECI partners with Tradeling for business growth in MENA region
Under the agreement, the ECI will provide Tradeling’s customers with a broad range of trade credit insurance solutions.
- Under the agreement, the ECI will provide Tradeling’s customers with a broad range of trade credit insurance solutions
- In addition to ECI Islamic and SME Protect, other innovative trade credit insurance products will benefit small, mid-cap and large enterprises using Tradeling’s platform
Business
QFZA, Alfardan Automotive partner to build logistical hub
Alfardan Automotive's regional center will be located in the mobility industries cluster in Umm Al Houl Free Zone, located near...
- The hub will cover an area of more than 67,000 square meters and will utilize the latest logistics systems and processes to import vehicles
- QFZA has created specialized clusters within the zones for specific sectors, including maritime, logistics and emerging technology
Business
AD Ports Group inks deal to boost Bahrain cruise sector
Abu Dhabi-based AD Ports Group has inked an initial agreement with Bahrain-based real-estate firms Diyar Al Muharraq and the Eagle...
- Bahrain is tipped to become the fourth high-performing cruise destination in the Arabian Gulf
- It witnessed an increase in annual arrivals in recent years, observing a record high of 130,778 passengers in 2019
Business
AED100m endowment funds ‘Khalifa University Enterprises Company’
The KUEC will aim to encourage technology investors and entrepreneurs to partner with the University to commercialize its growing patent...
- The KUEC will include ‘Innovation Acceleration and Startups’ and ‘KU Ventures’, which will support establishing and operating non-IP technology companies
- KUEC also includes the Endowment Fund that will allocate funding for investments and operations
Business
Morocco offers opportunities for Indian companies to settle and expand: Official
Morocco can attract big Indian investment due to its talented human resources and an impressive investment climate, said Ashwath Narayan,...
- Morocco has launched a roadshow in India to promote the initiative "Morocco Now".
- High technology, biotechnology, engineering and automotive sectors should be focus of investments, said the minister.
Geostrategy
Morocco halts incoming passenger flights over Covid variant
Morocco will halt incoming passenger flights for two weeks starting Monday night amid concern over the spread of a new,...
- The announcement came hours after Israel said it would be closing its borders to foreign tourists from Sunday evening.
- Morocco has officially recorded around 950,000 Covid-19 cases and more than 14,500 deaths.
Economy
US and UAE creating jobs of the future: AmCham Abu Dhabi executive
American companies are creating a framework for future jobs, which is a new area of cooperation between the US and...
- AmCham Abu Dhabi is the American Business Group of Abu Dhabi, a member of the global network of American Chambers of Commerce.
- Liz Beneski, Chief Executive Director of AmCham Abu Dhabi, said the UAE is probably the only country in the world that does business with all 50 states of the US.
Business
Abu Dhabi to host new Amazon fulfillment center from 2024
Abu Dhabi will host a new Amazon fulfillment center, expected to be the most technologically advanced in the region. It...
- E-commerce giant says the centre will speed up delivery times and support a range of sellers
- The new centre is part of collaboration between Amazon and Abu Dhabi Investment Office’s program to attract investment and create job opportunities
Most Read
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
China grants Approved Destination Status to Saudi Arabia
RIYADH, SAUDI ARABIA – China on Tuesday granted Approved Destination Status (ADS) to the Gulf Kingdom. The bilateral agreement, signed...
Geostrategy
Company News
EGA H1 2022 profit $1.61bn
Business
Latest News
ESG acquires stake in two firms
Business
Qatar to hike Jordanian food imports during World Cup
Qatar plans to hike its imports of Jordanian food products during FIFA World Cup Qatar 2022 as demand is expected...
Geostrategy
Asia green business market to hit $5 trillion by 2030
More than 15 countries and 670 companies in Asia have set (or are committed to setting) emission-reduction targets, thereby creating...
Videos
Protecting biodiversity is important, says Egyptian minister
Egypt’s Minister of Environment Yasmine Fouad said that protecting migratory birds and biodiversity is one of the global and regional...
Science
Most Read
Business
ADNEC, MICCO sign agreement
Logistics solutions will be developed for ADNEC events.
- The agreement will focus on the development of integrated services including, shipping, transport and other logistics operations.
- MICCO Logistics, which is part of AD Ports Group’s Logistics Cluster, claims a fleet of more than 400 vehicles and specialised storage facilities.
Geostrategy
Kuwait puts off first parliament session until mid-October
Kuwait City, Kuwait— Kuwait has decided to postpone the convening of the first parliament session after elections to Oct. 18,...
- The Gulf state’s crown prince re-appointed Sheikh Ahmed Nawaf Al-Sabah as prime minister on Wednesday and later approved a new Cabinet following legislative polls
- The government has not taken the constitutional oath because of the objection of more than 40 members of parliament
Business
Saudi Arabia says it does not politicize oil or oil decisions
Seeking to debunk the impression that it was somehow behind the rise in oil prices in the US, Saudi Arabia...
- Saudi minister said the idea that Saudi Arabia would do that would do this to harm the US or to be in any way politically involved is absolutely not correct at all
- US gasoline prices rose sharply early this year due to high demand and tight global refining supplies, but began to drop after peaking in June