Qatar launches ‘Istamer’ platform to employ retirees in private sector
DOHA, QATAR - The Ministry of Labor (MoL) launched the "Istamer" digital platform, which deals with employing Qatari retirees wishing...
Business
Russian defense minister says Moscow-Tehran ties improving despite sanctions
MOSCOW, RUSSIA – The cooperation between Moscow and Tehran is reaching new highs, Russian Defense Minister Sergey Shoigu said on...
Geostrategy
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"
Business
Etihad bags maintenance contract
The contract involves Virgin Australia's Boeing 737 fleet.
- The contract was signed during the Dubai Airshow for 30 nose-to-tail aircraft of Virgin Australia.
- Etihad Engineering’s facility is located in Abu Dhabi and is spread over an area of 500,000 sqm.
Business
Tarjama sells stake to French firm
French fund manager Amethis has bought a minority stake in the UAE-based firm.
- The investment, for an undisclosed amount, will fund growth “across the region's main markets”
- Paris-based Amethis is investing through its Amethis MENA Fund II, which raised $101 million in July
Geostrategy
12 universities attend 2nd Solar Decathlon Middle East inaugurated by DEWA
Dubai Electricity and Water Authority (DEWA) has inaugurated the 2nd Solar Decathlon Middle East (SDME) in which eight teams from...
- Eight teams from these varsities to design, build and operate solar-powered homes.
- The teams compete in 10 contests such as architecture, engineering and building, energy management and energy efficiency.
Expo 2020 DUBAI
UAE launches The Global Tolerance Alliance at Interfaith Summit at Dubai Expo
Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence, expressed his faith that the Interfaith Summit will enable...
- Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence, expressed his faith that the Interfaith Summit will enable efforts for a world of tolerance and peace.
- The festival also featured the "Tolerance and Inclusivity" session, presenting a humanitarian vision to promote the values of tolerance and coexistence
Business
OXAGON, largest floating industrial complex in the world, launched in Saudi Arabia
The project forms the next phase of NEOM’s master plan and represents a radical new model for future manufacturing centers.
- The project forms the next phase of NEOM’s master plan and represents a radical new model for future manufacturing centers
- OXAGON will establish the world’s first fully integrated port and supply chain ecosystem for NEOM
Geostrategy
UAE, Russia, Kazakhstan to modernise Baikonur Cosmodrome
The pact lays down a framework to establish closer cooperation and collaboration between three countries in all space-related fields.
- The pact lays down a framework to establish closer cooperation and collaboration between three countries in all space-related fields
- Thee countries will work together to launch joint projects including an ambitious bid to modernize the Gagarin Start launch site
Business
Emirates Islamic lists US$500m sukuk
The five years’ benchmark issuance, rated A+ by Fitch Ratings, was priced at 2.082%.
- The issuance will further support Emirates Islamic’s business expansion plans
- The listing strengthens Dubai capital market's status amongst the leading Sukuk listing venues globally
Qatar launches ‘Istamer’ platform to employ retirees in private sector
DOHA, QATAR - The Ministry of Labor (MoL) launched the "Istamer" digital platform, which deals with employing Qatari retirees wishing...
Business
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Business
PIF’s green bonds to shore up market, says LSE official
The fund has hired a large group of banks including Citi and JPMorgan to arrange a debut issuance of multi-tranche...
- According to Shrey Kohli, the PIF targets those sectors for investment that are in line with the framework of green bonds and the fund offers complete transparency to investors
- The fund currently manages assets of over $600 billion
Economy
OIC new mechanism to settle investment disputes
The OIC, a 57 member body, has been working on a mechanism for the investment dispute redressal among member states...
- The OIC, a 57 member body, has been working on a mechanism for the investment dispute redressal among member states for years now
- The four-day meeting in Casablanca is set to establish the permanent mechanism to encourage, protect and guarantee investment of member states
Geostrategy
US to impose ‘further costs’ on Iran over protests crackdown
Widespread street demonstrations sparked by the death of Mahsa Amini, 22, who died following her detention by morality police for...
- Iran has been under crippling US economic sanctions largely related to its controversial nuclear program which Tehran insists has only civilian purposes
- Biden said that he was concerned about reports of the violent crackdown on peaceful protestors in Iran, including students and women