Iran-US non-oil trade reaches US$31m in January-July 2023
TEHRAN, IRAN - The US Bureau of Statistics in its latest report said the trade between Iran and the United...
Business
RAKEZ, Indian Economic Trade Organization ink MoU to boost business ties
RAS AL KHAIMAH, UAE - Ras Al Khaimah Economic Zone (RAKEZ) and the Indian Economic Trade Organization (IETO) have signed...
Business
Geostrategy
UAE and Brazil discuss ties, sign several agreements
The discussions took place between Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum and Brazil President Jair Bolsonaro at Expo...
- Sheikh Mohammed and Bolsonaro explored avenues to strengthen ties between the two countries
- They also looked at future opportunities and new strategic partnerships in a range of fields
Geostrategy
Deal but no deal: COP26 adds to climate confusion
Rich countries stand accused of failing at the COP26 summit in Glasgow to deliver much-needed finance to vulnerable states at...
- Rich countries accused of failing to deliver much-needed finance to vulnerable states at risk of drought, rising seas, fire and storms
- The European Commission said the deal has "kept the Paris targets alive".
Geostrategy
Banned Palestinian rights groups urge UN to act against Israel
After being declared as terrorist organizations, six Palestine Human Rights and Civil Society Organizations wrote letter to UN and other...
- The organizations sent letters to the UN Secretary-General AntَonioGuterres and the Human Rights Council President Nazhat Shameem Khan
- The letters said that the allegations of Israel“forms part of Israel’s strategy to maintain its apartheid regime
Business
UAE to list Salik toll system on Dubai Financial Market
The Dubai Securities and Exchange Higher Committee has decided to list Salik on Dubai Financial Market (DFM) in order to...
- The Salik toll system is one of Dubai’s premier infrastructure assets, with robust traffic volumes
- The eight Salik toll gates, Al Barsha, Al Garhoud, Al Maktoum, Al Mamzar South, Al Mamzar North, Al Safa, Airport Tunnel and Jebel Ali, aim to reduce traffic congestion
Business
Top energy honchos to meet at Abu Dhabi CEO Roundtable
More than 30 top energy executives from around the world will come together at the 7th Abu Dhabi CEO Roundtable,...
- The industry leaders have been invited to the roundtable by Dr. Sultan Ahmed Al Jaber, United Arab Emirates (UAE) Minister of Industry and Advanced Technology
- The participants will debate issues impacting the energy world and the outcome of the UN Climate Change Conference of the Parties (COP26)
Business
Emaar Properties and Emaar Malls to merge this month
Nearly eight months after the process was undertaken by the two companies, the merger of Emaar Properties with Emaar Malls...
- The two companies conveyed the decision to Dubai Financial Market on Thursday, after the companies received no objections and met all the conditions for the merger
- This will be the second biggest such merger happening on DFM in the last 12 months
Business
European Tour to become the DP World Tour from 2022
The agreement heralds a new era in the history of the European Tour group, which, along with DP World, will...
- The agreement heralds a new era in the history of the European Tour group, which, along with DP World, will celebrate its 50th anniversary in 2022
- In 2022, the DP World Tour will represent a global tour through an international schedule, that will feature a minimum of 47 tournaments in 27 different countries
Economy
Libya polls ‘essential next step’ to peace: UN chief
Libya has seen several political and security crises since Muammar Gadaffi was overthrown a decade ago.
- UN Secretary-General António Guterres has urged national unity in Libya
- He has also called for people to overcome differences ahead of landmark presidential and parliamentary elections next month
Economy
Covid-19, conflict and costs pushing Syria beyond limits: WFP
World Food Program Executive Director David Beasley has warned that more people in Syria are in the grips of hunger...
- Some 12.4 million people — almost 60 percent of the population — apparently do not know where their next meal will come from
- This is said to be a 57 percent increase since 2019 and the highest number ever recorded in the history of Syria
Business
STR: Expo lifted Dubai hotel rates to 3-year high in October
Hotel occupancy rates in October stood at nearly 81.6 percent, with the average daily rate (ADR) at AED776.
- Hotel occupancy rates in October stood at nearly 81.6 percent, with the average daily rate (ADR) at AED776
- The tourist rush has been boosted by the Dubai Expo 2020 which is expected to attract 25 million business and tourist visits to the world fair
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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
Iran-US non-oil trade reaches US$31m in January-July 2023
TEHRAN, IRAN - The US Bureau of Statistics in its latest report said the trade between Iran and the United...
Business
Company News
Latest News
UAE-China non-oil trade exceeds $470bn in past decade
Abu Dhabi, UAE - The non-oil trade between the UAE and China increased by 78.5 percent from 2012 to 2021,...
Business
Saudi growth in 2022 to outpace Asian giants
The kingdom recovered quickly from Covid-induced recession and is reaping the rewards of high global energy prices and increased energy...
Videos
Sharjah Chamber organizes forum, briefs Russian delegation
The Sharjah Chamber of Commerce and Industry (SCCI) has organized a forum to discuss ways to boost economic ties and...
Business
Most Read
Geostrategy
UAE-China ties successful model of international relations: Al Dhaheri
Beijing, China---Ali Obaid Al Dhaheri, UAE Ambassador to China, has said the UAE and China maintain close strategic relations, which...
- As one of the first countries to join the Belt and Road Initiative, UAE has become the main logistical centre in the MENA, said Ali Obaid Al Dhaheri.
- It re-exports more than 60 percent of Chinese exports to the region, where the value of trade exchange between the two countries has exceeded $70 billion.
Geostrategy
Arab Parliament reelects Al-Asoumi as speaker for two years
During the session, Jordanian MP Khalil Attia was elected as second deputy speaker of the parliament, Iraqi MP Shaalan Abdul-Jabbar...
- Al-Asoumi collected 51 votes at a special session attended by 66 members and designed to choose the speaker of the parliament and four deputies
- It also announced the election of a member of the Saudi Shoura Council, Hazza Bin Bakr Al-Qahtani, as First Deputy Speaker for a period of two years
Geostrategy
UAE and China relations a model to follow: Suhail Al Mazrouei
The Energy Minister said the UAE encourages joint investments with China in every sector, most notably in digital economy, green...
- Al Mazrouei stressed that cooperation with Chinese companies is continuing, as more than 4,000 operate in the Emirati market and employ some 400,000 people
- The minister said the UAE was among the first countries to join the Belt and Road Initiative and is one of the founding members of the Asian Infrastructure Investment Bank (AIIB)