World must understand AI, curb its risk, says UK Deputy PM
NEW YORK, US - The United Kingdom will be holding a summit on artificial intelligence (AI) so that nations can...
Science
Israel accounts for 46 percent of global Jewish population
TEL AVIV, ISRAEL – The total global Jewish population rose to 15.7 million over the last year, while the number...
Geostrategy
Business
Air Lease Corporation signs letter of intent to purchase 111 Airbus aircraft
US company Air Lease Corporation (ALC) has signed a letter of intent to purchase 111 Airbus aircraft, the European plane-maker...
- The agreement is for 25 A220-300s, 55 A321neos, 20 A321XLRs, four A330neos and seven A350Fs.
- Founded in 2010, ALC has ordered a total of 496 Airbus aircraft so far.
Business
EDB and Dubai IE sign pact to offer UAE exporters access to finance
Emirates Development Bank (EDB) has signed a strategic agreement with Dubai Industries & Exports (Dubai IE) to provide innovative financing...
- The finance will help exporters expand their global value chains, said CEO of EDB.
- EDB has also allocated AED30 billion as a direct and indirect financial bundle to finance SMEs, startups, and corporates.
Geostrategy
Iran invites UN nuclear watchdog chief to Tehran for talks
Iran has invited the head of the International Atomic Energy Agency for talks after the UN official expressed concern over...
- Rafael Grossi is expected to meet with Iran's foreign minister and the country's atomic energy chief.
- Grossi last visited Tehran in September, where he clinched a deal over access to surveillance equipment at Iran's nuclear facilities.
Business
EDGE bags AED11 bn contract to service UAE Air Force
For the first time in the company’s history, the three-year AED11 billion PBL contract will see GAL support the AFAD...
- For the first time in the company’s history, the three-year AED11 billion PBL contract will see GAL support the AFAD with their operational readiness
- The agreement reinforces GAL’s position as one of the Middle East’s leading providers of aviation MRO services and will also streamline AFAD’s processes
Business
MAWANI signs MoU to build cruise terminal at Dammam port
The Saudi Ports Authority (MAWANI) has signed an agreement with Cruise Saudi and Globe Group to build a new cruise...
- New terminal expected to boost the kingdom's tourism sector along the coastlines.
- The agreement with Cruise Saudi and Globe Group elevates Saudi Arabia’s position as a leader in the cruise industry, said President MAWANI.
Business
Tawazun, Airbus to establish new Abu Dhabi subsidiary
The MoU comes as part of Tawazun’s endeavors to attract long-term partnerships with leading defense and security, aviation and aerospace...
- The MoU comes as part of Tawazun’s endeavors to attract long-term partnerships with leading defense and security, aviation and aerospace manufacturing companies
- According to the MoU, Tawazun and Airbus will explore potential cooperation opportunities in the areas of refueling solutions for Military Air Systems, Unmanned Aerial Systems etc
Business
L’Oréal Middle East taps Accenture
Accenture will help L'Oréal Middle East improve its consumer experience.
- Accenture Interactive is expected to use its expertise in data-driven marketing transformation for L'Oréal Middle East
- This, L'Oréal said, will help it develop a more precise and connected approach to increase consumer engagement in the GCC region
Business
ADGM meet promises development
This was the first meeting of ADGM’s new Board of Directors.
- The board members reiterated their commitment to progressing ADGM’s growth journey, and strengthening the financial sector
- They said they were also looking to attract global companies and investments, and develop a business environment underpinned by innovation
Business
Abu Dhabi adds 11 new activities to list of Freelance Professional License
The license allows Abu Dhabi citizens, residents, and non-residents to conduct commercial activities from anywhere in the world.
- To obtain the license, the applicant must have a minimum of three years of experience in the specific field or industry
- Alternatively, they are expected to have earned an academic or professional achievement in that field
Economy
‘Make it in the Emirates Lab’ launched with focus on SMEs
The program is the second public-private initiative by MoIAT following the Future of Industry Dialogue initiative, a series of interactive...
- MoIAT kicked off the Access SMEs program within the wider Make it in the Emirates Lab in collaboration with Procter and Gamble
- The training will also be available to select national students to further support and encourage their contribution to the industrial sector upon graduation
World must understand AI, curb its risk, says UK Deputy PM
NEW YORK, US - The United Kingdom will be holding a summit on artificial intelligence (AI) so that nations can...
Science
Company News
DP World H1 net profit $721m
Business
Al-Othaim posts $37m profit
Business
Latest News
Qatar ports TEU records one percent growth in September
Doha, Qatar - The Qatar Ports Management Company (Mwani Qatar) said it received 123,000 TEUs in September- a one percent...
Business
Qatar wealthiest, UAE happiest in Arab world
The world's richest countries have the highest happiness scores, which probably explains why Lebanon, facing its worst-ever economic crisis, ranks...
Infographics
IMF, GCC agree Middle East reforms dialogue must continue: Georgieva
At the end of her two-day visit to Saudi Arabia, she hailed the kingdom's strong “economic performance and impressive progress...
Geostrategy
Most Read
Economy
UAE Ministry of Emiratization launches Customer First forum
UAE Ministry of Human Resources and Emiratization has launched the Customer First Forum, comprising virtual sessions on a weekly basis...
- The Customer First Forum aims to take feedback of all parties on the labor market legislations.
- It also seeks to enhance direct communications between the ministry and the private sector.
Business
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...
- The GBC can provide business set-up and licensing -or large companies that wish to set up a limited liability entity or branch in Dubai.
- A GBC licence permits a foreign or domestic corporate group to own and operate a business management entity, allowing them to build a wide range of functional expertise.
Economy
Number of visitors to Qatar rise by 138.3% in August
The highest number of visitors was from the GCC countries at 59 percent.
- The highest number of visitors was from the GCC countries at 59 percent
- As for visitors by type of port, the visitors via Air make up the highest percentage