Dubai’s weeklong real estate transactions exceed US$2.5bn
DUBAI, UAE - A total of 1,445 real estate transactions worth over US$2.5 billion (AED 9.5 billion) were conducted during...
Business
Seera sees 43% slide in loss
Business
BinDawood’s H1 profit tumbles
Business
Al Akaria posts profit in H1
Business
DEWA commissions 200MW second unit in Al Maktoum Solar Park
Dubai, UAE - Dubai Electricity and Water Authority (DEWA) commissioned the 200MW second unit of the parabolic basin complex in...
Business
Arts & Culture
Qatar affirms security readiness for FIFA Arab Cup 2021 beginning today
Qatar's Ministry of Interior has affirmed its high readiness to secure the FIFA Arab Cup 2021, which will be held...
- Security measures are being coordinated with the Safety and Security Operations Committee (SSOC) of the FIFA World Cup Qatar 2022.
- Security for Arab Cub will help evaluate the measures for the FIFA World Cup 2022.
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.
Dubai’s weeklong real estate transactions exceed US$2.5bn
DUBAI, UAE - A total of 1,445 real estate transactions worth over US$2.5 billion (AED 9.5 billion) were conducted during...
Business
Company News
Seera sees 43% slide in loss
Business
BinDawood’s H1 profit tumbles
Business
Al Akaria posts profit in H1
Business
Latest News
Jordan fixes bread prices until 2023 amid global grain price hike
According to the cabinet decision, the price of large-sized white pitta bread will remain at 320 fils, while small-sized white...
Economy
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Business
French energy giant offers pay talks in bid to end fuel strike
Vehicle owners have faced increasingly long waits to fill up after two weeks of strikes by workers demanding higher wages...
- It runs a network of around 3,500 filling stations in France, nearly a third of the total, and most of them are low on fuel or even empty for some types.
- Currently three of Total's refineries are blocked, including its largest, in Normandy, as well as a fuel depot near Flandres in the north.
Geostrategy
Germany investigates ‘sabotage’ on its rail framework
Rail operator Deutsche Bahn blamed the travel disruptions on "sabotage", while Transport Minister Volker Wissing spoke of "a targeted and...
- Important communications cables were cut at two sites on Saturday, forcing rail services in the north to be halted for three hours.
- Police have said the investigation into Saturday's incident is still wide open and they have not publicly mentioned any suspects.
Economy
Remittances from expatriates in Saudi fell 13 percent in Aug
Riyadh, Saudi Arabia - Remittances from expatriates in Saudi Arabia saw a 13 percent year-on-year (YoY) decline to SAR 11.92...
- On a month-on-month (MoM) basis, remittances from expats in Saudi Arabia rose 3 percent, or SAR 323 million ($85.47m).
- Remittances by Saudi nationals to other countries grew 10 percent YoY to SAR 6.33 billion ($1.68bn) in August.