EIH acquires stake in 9Yards Comm
The acquisition aims to broaden EIH's investment portfolio.
Business
BRICS, SCO membership to reduce West’s sanctions effect, says Iran
"Given our numerous capabilities, we consider Iran’s membership in BRICS and the SCO as well as participation in other regional...
Geostrategy
Arts & Culture
Dubai’s creative and cultural scene needs a wider reach: Sheikha Latifa
Dubai Culture shall have its own official social media channels for updates on the creative and cultural sector in the...
- Dubai Culture and Arts Authority to own official social media channels for updates on the cultural sector.
- Creative and cultural industries should be given more time and space in the media to raise awareness, said Sheikha Latifa.
Business
DEWA wins Guinness World Record for first 3D lab in world
Dubai Electricity and Water Authority (DEWA) has another accomplishment to its credit, achieving the Guinness World Records title for the...
- The record was awarded for DEWA’s Robotics & Drone laboratory, housed within the Research & Development (R&D) Centre
- Al Tayer emphasized that Dubai provides a motivational environment to encourage construction in 3D printing
Geostrategy
Arab Parliament hails Saudi Arabia’s role in Yemen
In a statement issued Monday, the Arab Parliament expressed its rejection of the statements of the Lebanese Minister of Information...
- In a statement issued Monday, the Arab Parliament expressed its rejection of the statements of the Lebanese Minister of Information who had criticized Saudi role
- The Parliament pointed out that the Kingdom is the country most eager to support the Yemeni people and end their suffering
Infographics
10 big companies that changed their names
It was nothing new when Facebook changed its name to Meta, and invited people to the Metaverse. TRENDS has curated...
- While some have changed their names entirely, others have made only small alterations to the original names
- They have achieved varying degrees of success by changing their names
Economy
Federal Tax Authority to implement new procedures for tax registrants
The procedures relate to tax registrants who apply for reconsideration of or who submit objections to the Authority’s decisions.
- The procedures relate to tax registrants who apply for reconsideration of or who submit objections to the Authority’s decisions
- The Authority will review the reconsideration request and issue a decision, giving its reasons within 40 business days
Geostrategy
UAE, UK to conduct exercise to toughen border controls against illicit finance
A key aim of the initiative was to understand how organised crime attempts to move illicit assets, such as the...
- A key aim of the initiative was to understand how organised crime attempts to move illicit assets, such as the flows of cash and gold
- Over a week, Dubai and Abu Dhabi-bound flights from the UK were subject to increased security to check if criminal groups were attempting to smuggle cash and gold from the UK
Business
Dubai increases ease of doing business by more than half
This was more than double the target of 30 percent reduction in business setup procedures that the emirate had set...
- The move is said to be part of Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum’s vision to make the emirate economically attractive
- The vision looks to achieve this by helping entrepreneurs set up and run businesses much more easily
Business
Etisalat Q3 revenues rise 2%
Its consolidated revenues in Q3 reached AED13.3bn ($3.62bn).
- Consolidated net profit after Federal Royalty amounted to AED2.4 billion ($653.5 million), an increase of 1 percent
- Consolidated EBITDA amounted to AED 6.7 billion ($1.82 billion), resulting in an EBITDA margin of 51 percent
Economy
Bahrain launches five-point plan to boost economy
The new five-pillar plan apparently aligns with Bahrain’s Economic Vision 2030 and its intention to achieve net-zero carbon emissions by...
- The multi-year plan is said to represent one of Bahrain’s largest economic reform programs
- It apparently aims to enhance the economy’s long-term competitiveness and support the post-Covid-19 recovery
Arts & Culture
Exhibition of artist Hrair Sarkissian’s works opens
'The Other Side of Silence' is Sarkissian's first investigative exhibition that will run until Jan. 22, 2022. The works on...
- Sharjah Art Foundation has organized the exhibition in collaboration with Galerie Bonnier Constellation in Stockholm and Bonnefanten Museum in Maastricht, Netherlands.
- The exhibition examines the history of demise, the architecture of violence and possibilities of the photographic medium.
EIH acquires stake in 9Yards Comm
The acquisition aims to broaden EIH's investment portfolio.
Business
Company News
Latest News
Al Dahra, CLAAS sign deal
Business
Saudi Arabia urges cooperation in tourism for sustainable future
Riyadh, Saudi Arabia - Saudi Minister of Tourism Ahmed bin Aqeel Al-Khatib said more cooperation is a must for sustainable...
Business
MENA’s first NFT marketplace NIFTY Souq secures $1.5m investmentÂ
The UAE-based NIFTY Souq, the MENA region’s first NFT marketplace which launched in 2021, has announced they’ve secured $1.5 million...
Business
Saudi Arabia ranks first in G20 visitors flow rating: report
According to the report, the number of foreign tourists visiting the kingdom has surged 121 percent from January to July...
Economy
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Business
Metaverse could touch US$500bn by 2030: Arthur D. Little
The metaverse, Beyond Fantasy, the latest in a series of new reports from the company running under the ‘Blue Shift’...
- The report provides a cautious, low-end forecast, which estimates that the current Metaverse market is estimated to be worth $50 billion
- It looks at the key enabling technologies of the Metaverse, including artificial intelligence (AI), Internet of Things (IoT) and blockchain
Business
Villas and apartments worth $270 million sold in Dubai
Dubai, UAE--Dubai real estate market recorded deals worth AED1.7 billion ($462 million) on Monday, according to Dubai Land Department. These...
- The emirate's real estate market recorded deals worth AED1.7 billion ($462 million) on Monday, according to Dubai Land Department
- Mortgages included 51 villas and apartments worth AED141.5 million and 29 land plots valued at AED302.56 million.
Science
Eman Al Shamsi is first Arab, Emirati member of WLPO steering committee
The WLPO network, part of the International Society of Pediatric Oncology (SIOP), promotes female leadership in pediatric oncology.
- The WLPO network, part of the International Society of Pediatric Oncology, promotes female leadership in pediatric oncology
- Dr Al Shamsi membership in the WLPO steering is a significant achievement and a success for the EHS medical staff