Dubai real estate sales up despite price rise since January 2020
Dubai, UAE – The Dubai Land Department (DLD) reported over 3,200 transactions worth AED 24.7 billion last week and this...
Business
DP World H1 net profit $721m
Business
Al-Othaim posts $37m profit
Business
Global space economy is worth billions, say experts
ABU DHABI, UAE - The global space economy has great potential in terms of economic prospects, with the sector going...
Business
Business
ADNOC awards $1.46 billion EPC contracts for Dalma Gas Dev Project
The two EPC contracts, awarded to National Petroleum Construction Company (NPCC) and a joint venture (JV) between Técnicas Reunidas and...
- The Dalma field is part of the Ghasha Concession which is the world’s largest offshore sour gas development and an enabler of gas self-sufficiency for the UAE
- Both engineering contracts are expected to be completed in 2025 and will enable the Dalma field to produce around 340 mmscfd of natural gas
Business
Qatar Airways welcomes first Boeing B777-9 aircraft to Doha
The aircraft, which is anticipated to join Qatar Airways fleet in the near future, will be the world's largest and...
- The aircraft, which is anticipated to join Qatar Airways fleet in the near future, will be the world's largest and most efficient twin-engine jet
- Key technologies enabling this efficiency are its new carbon-fibre composite wing, new engines and natural laminar flow nacelles
Business
Dubai Airshow: UAE Armed Forces sign deals worth AED22 bn
The deals were announced by the Executive Director of the Military Organizing Committee of the Dubai Airshow 2021 Major General...
- The deals were announced by Major General Staff Pilot Ishaq Saleh Al Balushi, and Lt. Col. Pilot Sarah Hamad Al-Hajari, Dubai Airshow spokesperson
- AED5,239,207,000.00 in deals were signed on the first day, AED11,284,837,000.00 on the second day, and AED4,257,401,000.00 on the third day.
Business
Mubadala eyes Yahsat tech
Yahsat will support Mubadala Petroleum with satellites.
- Yahsat’s satellite-based technologies and coverage across the EMEA and Asia regions is at the center of the deal
- Mubadala Petroleum will see how these satellites can help it handle its critical operations
Economy
UAE, Russia sign MoU on hydrogen technology
The MoU was signed by Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology, and Denis Manturov,...
- The collaboration will explore ways of supporting the production, storage and transportation of hydrogen fuel
- The UAE’s hydrogen production is now around 300,000 tons annually as a result of ADNOC’s downstream facilities.
Videos
Snowden, Assange, and the burden of truth
Julian Assange and Edward Snowden have had to pay big time for simply telling the truth. Their lives suggest that...
- Julian Assange, the founder of WikiLeaks, has had to seek asylum with Ecuador
- Edward Snowden had to flee to Russia after revealing how the US spied on its own citizens
Geostrategy
Soudah joins UN Mountain Partnership to realize sustainability goals
Soudah Development Company, a real estate development company owned by PIF, Saudi Arabia's sovereign wealth fund, has announced it will...
- Founded in 2002, the UN Mountain Partnership comprises more than 400 global members
- Soudah Development is the first real estate development company in the GCC region to join the Mountain Partnership
Business
Emirates SkyCargo and Emirates Post Group to promote e-commerce global platform
Emirates SkyCargo and Emirates Post Group (EPG) have signed a Memorandum of Understanding (MoU) to develop an e-commerce end-to-end global...
- The platform will focused on serving markets in the Middle East, Africa and West Asia.
- In October 2019 the Emirates SkyCargo launched Emirates Delivers, an international e-commerce shipping solution
Business
With Covid tamed, UAE to open schools in January
The United Arab Emirates (UAE) will throw open schools, colleges, and universities from January next year to welcome students back...
- The National Emergency Crisis and Disaster Management Authority (NCEMA) said Tuesday that schools and educational institutions across the country will resume all classes
- NCEMA said that in addition to ending distance learning, school buses would operate at 100 percent
Business
France looks to expand its presence in UAE agri-food sector
France is negotiating an agreement with the United Arab Emirates (UAE) that would allow French Small and Medium-sized Enterprises (SMEs)...
- "We are negotiating [with the UAE] an agreement on food safety that will strengthen the presence of our SMEs in the agri-food sector"
- These agreements "will help to develop our SMEs' exports to the UAE and [increasing] the establishment of our start-ups in the country"
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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
Dubai real estate sales up despite price rise since January 2020
Dubai, UAE – The Dubai Land Department (DLD) reported over 3,200 transactions worth AED 24.7 billion last week and this...
Business
Company News
DP World H1 net profit $721m
Business
Al-Othaim posts $37m profit
Business
Latest News
DP World launches GBC to support growth plans of large companies
Dubai, UAE--- DP World has launched the Global Business Corporation (GBC), a new strategic arm focused on supporting large companies...
Business
Number of visitors to Qatar rise by 138.3% in August
The highest number of visitors was from the GCC countries at 59 percent.
Economy
Most Read
Geostrategy
GCC renews pledge to deepen partnership with China
The Gulf Cooperation Council (GCC) has renewed its commitment to continue having a strong partnership with China in order to...
- The sentiment was echoed in a meeting between Secretary General of the GCC, Dr. Nayef Falah Mubarak Al-Hajraf, and China's Ambassador to Saudi Arabia, Chen Weiqing
- The two sides discussed all issues and topics of common interest, and reviewed the cooperation relations between the GCC and China to achieve common interests
Economy
Saudi Arabia holds GCC meeting to boost economic ties
Saudi Arabia hosted a meeting of the GCC Financial and Economic Cooperation Committee to broaden economic cooperation among the GCC...
- The meeting was held under the chairmanship of Minister of Finance Mohammed bin Abdullah Al-Jadaan
- It reviewed a host of issues related to enhancing financial and economic cooperation among the GCC countries besides discussing the impact of the world economic crisis
Economy
IMF likely to open regional office in Saudi Arabia
IMF expects the Kingdom to become one of the world's fastest-growing economies, recording a growth of 7.6% this year
- IMF expects the Kingdom to become one of the world's fastest-growing economies, recording a growth of 7.6% this year
- Credit rating agency S&P has already affirmed Saudi Arabia’s rating at “A-/A-2” with a positive outlook citing higher oil revenues