Emirates NBD Group invests in sustainability startup Erguvan
Dubai, UAE - Emirates NBD made an investment in Erguvan, a climate and financial technology venture aimed at providing financial...
Business
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
Geostrategy
Hosting Expo 2030 in Riyadh opportunity to learn from Saudi experience: OIC
The Organisation of Islamic Cooperation (OIC) has supported Saudi Arabia's bid to host Expo 2030 in Riyadh. The OIC is...
- OIC General Secretary Expo in Saudi will be akin to the 'coronation' of the kingdom's transformative efforts.
- Saudi Arabia has proposed “The Era of Change: Leading the Planet to a Foresighted Tomorrow” as the theme for the event.
Geostrategy
Lebanon keen to restore relations with Arabs: President Aoun
Lebanese President Michel Aoun has said that his country is keen to establish good relations with the Arab countries, especially...
- The President stressed the necessity of separating stances of the Lebanese state from what was issued by individuals or groups
- He assured that what recently happened between Lebanon and Saudi Arabia must be addressed "through sincere dialogue based on the foundations of Arab brotherhood
Geostrategy
UAE’s Zayed University and Israel’s Haifa University sign cooperation pact
Zayed University of UAE and Haifa University of Israel have signed an MoU for cooperation on projects promoting research, education,...
- The varsities agreed to have joint-research projects besides organizing mutually beneficial events, colloquia, seminars and conferences.
- The pact is in line with UAE's strategy to develop partnerships between academic institutions.
Business
AlUla will become top tourist destination: French ambassador
Ludovic Pouille, French ambassador to Saudi Arabia, believes that AlUla Governorate will become one of the top international tourist destinations...
- He also expressed admiration of what he saw during his third visit to AlUla this year, referring to its nature and developments
- The ambassador noted that the two countries cooperate in the field of agriculture and environment employing innovative techniques and methods to face the climate change
Business
AD Ports subsidiary forays into construction logistics market
MICCO Logistics, a subsidiary of AD Ports, has shown interest in tapping into the construction and metals manufacturing sector by...
- The acquisition, with a combined transport capacity of more than 2,300 metric tonnes, will expand the company’s existing ground fleet of more than 400 vehicles
- The new tipper fleet will be fully equipped with pre-installed fleet management systems
Business
Emaar Malls Q3 net profit $122m
The profit is 86 percent more than that of Q3 2020.
- The revenue rose to 1.14 billion dirhams from 839 million dirhams in the same period last year.
- Occupancy at key assets of Emaar was 91 percent during the quarter.
Business
Kuwait’s shopping mall, the Avenues, to open in Saudi Arabia
The largest shopping mall brand in Kuwait, the Avenues, is all set to venture into Saudi Arabia with the opening...
- It will launch the outlets in Riyadh and Alkhobar
- The design for Riyadh is now complete and the contract is expected to be awarded soon
Business
Q3 real estate transactions worth $1.55 billion recorded in Sharjah
Real estate transactions worth AED5.7 billion ($1.55 billion) were recorded in Sharjah during the third quarter of 2021, an increase...
- A total of 1,662 sales transactions were recorded during Q3 2021, showing an increase of 52.5 percent compared to the same period last year.
- About 76 percent (1,262) of the sales transactions were made in the residential sector, followed by industrial sector (206), commercial (152) and agricultural (42).
Expo 2020 DUBAI
Expo 2020 receives 3m visits in first five weeks
It has just been a little more than a month and Expo 2020 has received some three million visits, since...
- Organizers also said that the number of virtual visits to the Expo 2020 Dubai’s online platform has reached 14.8 million since October 1
- Ticket sales for the fair have been beefed up to increase traffic to the fair
Business
Fertiglobe revenues up 175 percent in Q3
The company expects the strong showing to continue in Q4.
- The adjusted EBITDA increased 257 percent to $371 million in Q3 2021 as compared to Q3 2020.
- Fertiglobe will join ADNOC and ADQ as a partner in a new world-scale 1 million metric tons per annum blue ammonia project at TA’ZIZ in Ruwais.
Emirates NBD Group invests in sustainability startup Erguvan
Dubai, UAE - Emirates NBD made an investment in Erguvan, a climate and financial technology venture aimed at providing financial...
Business
Company News
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Solutions by stc to buy Giza
Business
Abu Dhabi launches healthcare grant to help research, innovation
The Department of Health – Abu Dhabi (DoH) launched the first edition of the Healthcare Research and Innovation Grant, a...
Science
Emirates SkyCargo, United Cargo sign MoU
The two airlines will work on expanding cargo interline options.
Business
Two-day inaugural RAK Energy Summit to begin on Oct 4
The inaugural RAK Energy Summit, to be held on October 4-5, will feature experts from the energy sector in the...
Science
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Business
Large turnout of visitors at WETEX, Dubai Solar Show
The Water, Energy, Technology and Environment Exhibition (WETEX) and Dubai Solar Show (DSS) saw a large turnout of visitors in...
- A total of 1,750 companies from 55 countries worldwide participated in the exhibition.
- Latest global solutions, technologies, innovations in energy, water, sustainability, renewable and clean energy were highlighted in the event.
Business
Qatar launches Tatween platform for job localization in private sector
Qatar has launched a forum, Tatween Platform, on job localization in the private sector, with the participation of representatives of...
- Services, tourism and hospitality, IT technology, finance, health and education, finance, health and education are some of the sectors involved.
- Tawteen platform provides a space and a dialogue platform for actors to exchange ideas and best practices in the field of job localization, labor minister Dr. Ali bin Saeed said.
Business
ACWA’s investments surge
The Saudi utility now boasts of $67bn investment portfolio.
- The company, which builds power and desalinated water plants, currently has 60 percent of its projects in progress and 40 percent in development stages
- According to its CFO, Abdulhameed Al-Muhaidib, it has invested $10 billion in the UAE renewable energy, water desalination, and clean gas projects,