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
Saudi Arabia launches program to document football clubs’ chants
Riyadh, Saudi Arabia - The Saudi Commission launched Wednesday "Saudi Football Trouq", a unique initiative that is dedicated to the...
Arts & Culture
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
Economy
Qatar approves draft social security and military retirement laws
Qatari cabinet has approved draft social security and military retirement laws aimed at establishing "an effective social protection system for...
- The draft laws call for expanding the scope of insurance coverage to include all citizens working in the public and private sectors.
- The draft laws recommend that the minimum pension shall not be less than QR15,000 ($4,119).
Business
Dubai October realty sales $3.57 billion, highest in eight years
Expo 2020 Dubai, the largest global event and the first-of-its-kind in the Middle East, boosted the Dubai real estate market...
- Real estate sales transactions for the 10 months of 2021 worth AED177.44 billion.
- The most sought after areas for villas/townhouses are Damac Hills 2, Nad Al Sheba, The Springs, Dubai Hills Estate and Arabian Ranches.
Economy
Global oil reserves release ‘a drop in the ocean’: Goldman Sachs
"On our pricing model, such a release would be worth less than $2/bbl, significantly less than the $8/bbl sell-off that...
- "On our pricing model, such a release would be worth less than $2/bbl, significantly less than the $8/bbl sell-off that occurred since late October," the bank said in a note
- US West Texas Intermediate crude was down 35 cents to $78.15 a barrel by 0031 GMT on Wednesday
Geostrategy
Qatar fund, FAO join hands for climate action in Somalia
The fund will collaborate with the UN agency to build climate-resilience and take shock-informed anticipatory action.
- Somalia is said to be highly vulnerable to recurrent shocks, with colliding and cumulative effects
- It has been recurrently affected by droughts, flash and riverine flooding, cyclones, locusts, disease outbreaks, and conflict
Economy
Doha workshop promotes Qatarization policy in private sector
The Ministry of Labor stressed the importance of securing the work environment for the Qatari employee.
- The Ministry of Labor stressed the importance of securing the work environment for the Qatari employee
- The ministry would ensure Qatari employees’ rights are protected and that they are not subjected to abuse by their employer
Arts & Culture
Qatar is first MENA country to host POW! WOW! Festival
The POW! WOW! international mural festival is being hosted by Qatar Museums under the umbrella of the JEDARIART initiative.
- This weeklong event featuring 12 international and Qatari artists will be located right outside the Al Saad metro station
- In 2010, the first edition of POW! WOW! was held in Honolulu, Hawaii
Geostrategy
UAE announces $10 billion fund for investments in Turkey
Erdogan greeted Sheikh Mohammed on the ceremonial blue carpet at the presidential palace in Ankara on Wednesday before they went...
- The fund's aim was "to support the Turkish economy and boost bilateral cooperation between the two countries," the official Emirati news agency WAM said
- The main focus of the fund will be on "strategic investments", especially in sectors including energy, health and food, WAM reported
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
Company News
Raya CX, Zain Saudi sign pact
Business
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Saudi Re GWP hits $245 mn
Business
ALEC Energy, Stantec sign deal
Business
APICO posts 29% profit increase
Business
Opportunities await Qatari investors in Kazakhstan’s Zhambyl region
Doha--- Qatar Chamber and Kazakhstan's Social-Entrepreneurial Business Corporations have discussed economic and commercial relations besides investment climate and opportunities in...
Business
DEWA invites proposals for work on sixth phase of solar park
Dubai Electricity and Water Authority (DEWA) has invited international developers to send their Expressions of Interest (EOI) to implement the...
Science
‘Unit 3 of Barakah Plant linked to UAE’s transmission grid’
The Emirates Nuclear Energy Corporation (ENEC) announced that Unit 3 of the Barakah Nuclear Energy Plant has successfully been connected...
Economy
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Business
Dubai records weeklong real estate transactions worth $1.92 billion
Dubai, UAE--- A total of 1,809 real estate transactions worth AED7.3 billion ($1.92 billion) were conducted during the week ending...
- A total of 98 plots were sold for AED975.52 million, and 1,711 apartments and villas were purchased for AED4.47 billion.
- The mortgaged properties for the week reached AED1.47 billion, while 157 properties were granted between first-degree relatives worth AED418.56 million.
Business
Dubai to unveil METADAFZ for better metaverse experience
The facility will enable clients globally to conduct meetings via a virtual platform, offering a unique and semi-realistic experience.
- The facility will enable clients globally to conduct meetings via a virtual platform, offering a unique and semi-realistic experience
- DAFZ is likely to announce the launch at GITEX 2022, to be held from October 10-14 at the Dubai World Trade Centre
Economy
Germany pledges 413.9m euros in development aid to Jordan
The Jordanian-German discussions covered a wide range of vital sectors including education, water and renewable energy
- The Jordanian-German discussions covered a wide range of vital sectors including education, water and renewable energy
- The aid also comprises 15 million euros as an additional grant for the National Water Carrier Project