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
Real estate transactions in Ajman totaled US$408m in August
AJMAN, UAE – Real estate transactions in August achieved a growth of 61.5 percent compared to the same period in...
Business
Business
Saudi Arabia: Diriyah Square will host over 450 of the finest global brands
Diriyah Square has been billed as an icon of DGDA projects, due to its unique attractions and luxurious modern lifestyles.
- Diriyah Square has been billed as an icon of DGDA projects, due to its unique attractions and luxurious modern lifestyles
- The project will apply timeless Najdi-inspired architecture and design principles that reflect the profoundness and antiquity of Saudi culture
Economy
Dubai ranks first in Arab world in Innovation Index
The report also highlights that 2014 saw the launch of the first Dubai Innovation Index, which was the first-of-its-kind city...
- The report, entitled The Road to Recovery through Resilience and Innovation, examined 39 cities
- Singapore and Hong Kong maintained their first and second places on the Index respectively
Geostrategy
Israel Aerospace Industries to open office in UAE
The new office will strengthen IAI's growing cooperation with the local and regional governments, industries, companies, and academia, and will...
- The office opens following the company's historic participation at the Dubai Airshow
- The development is a testament to IAI’s growing collaboration with the UAE and the region as a whole
Arts & Culture
Saudi Fashion Commission to host Global Fashion Exchange in Riyadh
The GFX Swap Shop represents the latest development for the Fashion Commission as they continue to spearhead the growth of...
- The GFX Fashion Swap will take place at Personage concept store in Riyadh on December 11 and 12
- The swap is built upon a simple yet effective concept; no money changes hands and everyone is invited
Business
dnata expands to Africa
It has set up operations in Zanzibar with $7m investment.
- dnata has signed an agreement for the operations of the newly international terminal of the Zanzibar Abeid Amani Karume International Airport
- It has said it will also create 400 new jobs at the airport
Business
AD Ports Group and Turkiye Varlik Fonu sign partnership agreement
AD Ports Group and Turkey’s Turkiye Varlik Fonu signed a strategic partnership agreement to collaborate on major investment opportunities for...
- The partners will collaborate on major investment opportunities for port development and operations.
- The two organizations will also collaborate in establishing a joint steering committee to assess all investment opportunities.
Geostrategy
UNESCO declares Dec 2, UAE’s National Day, as World Futures Day
UNESCO's choice of December 2, the National Day of the UAE, as World Futures Day, is a sign of appreciation...
- The international recognition of the UAE as a country for the future places responsibility 'on us' to develop capabilities, says UAE Prime Minister.
- The decision reflects UAE's global position as a model for development based on building and forging the future, says UAE minister.
Business
ADNEC to acquire Etihad Holidays
The move is aimed at expanding its footprint in tourism.
- Tourism 365, the ADNEC tourism promotion business, will integrate with Etihad Holidays under the terms of the asset transfer.
- Etihad Holidays' offering will combine Etihad Airways’ product with packages in different source markets to key destinations.
Business
Iraqi crude oil export revenues $7 billion in October, says oil ministry
Iraq's crude oil export revenues reached $7 billion in October, according to the Iraqi Oil Marketing Company (Somo). Local media...
- Iraqi oil ministry's said more than 96 million barrels of crude oil were exported in October.
- Most of the oil--93 million barrels--was exported from the oil fields in central and southern.
Geostrategy
Russia-Islamic world cooperation meeting in Jeddah
Joint cooperation in dealing with regional and international issues was discussed at the meeting in Jeddah.
- Saudi king Salman said there are opportunities to form strong economic partnerships between Russia and the Islamic world
- Russian President Vladimir Putin conveyed that his country stresses on developing friendly ties with Islamic nations
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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
Company News
ALEC Energy, Stantec sign deal
Business
APICO posts 29% profit increase
Business
Latest News
UAE to showcase its nuclear energy success in WANO meeting
The Barakah Plant is spearheading the decarbonization of the UAE’s power sector by generating clean electricity and forms key component...
Geostrategy
Delegations from France, Italy visit Expo Center Sharjah
Delegations from France and Italy have visited the Expo Center Sharjah to discuss ways to strengthen cooperation and exchange expertise...
Business
UAE, Egypt discuss cooperation in defense industries
A high-level UAE delegation, on a visit to Egypt, met with senior officials of the Egyptian Ministry of Defense.
Geostrategy
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Business
Tihama’s stock surges 10%
The firm won the nod from CMA to increase capital by 700%.
- Its shares jumped 9.81 percent, continuing to lead the market’s gainers since early trade at $28
- According to a bourse filing, the marketing firm’s capital will be increased from $13.33 million to $107 million
Business
Jordan’s first medical university set to enroll students
The Aqaba Medical Sciences University (AMSU), the first medical university in Jordan, will enroll its first class of medical and...
- According to the Chairman of the board of trustees, the investment in the private university is valued at $169.25 million, which can be increased
- The university will also house an educational and training hospital, which is currently being built, and in its first cohort, the university will enroll 150 students
Economy
Jordan and Iraq set up electrical project on the border
The two prime ministers affirmed that Jordan and Iraq maintain historical and strategic ties and are committed to expanding bilateral...
- Prime Minister of Jordan Bisher Khasawneh and his Iraqi counterpart, Mustafa Kazemi laid the cornerstone for the electrical interconnection project
- Khasawneh stressed that Jordan's leadership, government, and people are committed to supporting the security of Iraq and improving the country's stability, prosperity, and progress