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
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.
Business
Two Saudi defense firms sign contract to build SkyGuard UAV
Saudi Arabia's General Authority for Military Industries (GAMI) and Saudi Arabian Military Industries (SAMI) have signed a contract for the...
- SkyGuard is the outcome of numerous R&D efforts and geared towards developing a 'truly local' product.
- Saudi Arabia has set a target of spending 50 percent of expenditure on locally manufactured defense products and services by 2030.
Economy
Masdar City and ADRO facilitating Golden Visas for eligible persons
Masdar City Free Zone has been facilitating the processing and submission of Golden Visas for eligible persons and their families...
- The Golden Visa is a 10-year residency for certain professions including specialized degree-holders and others.
- Golden Visa is of particular relevance to Masdar City as it hosts more than 900 companies, says Executive Director Abdulla Balalaa.
Business
EFI readies for secondary ADX listing
The listing is part of the company's expansion plan.
- The company looks to strengthen its role as a partner in the UAE’s food security agenda, says the CEO.
- EFI is currently in the final stages of completing a state-of-the-art dairy factory in Al Ain.
Business
NBQ net profit at $53m
The net profit rose 10.61% in comparison to last year.
- The cost-to-income ratio stood at 32.22 percent in the first nine months of 2021
- The Capital Adequacy Ratio improved to 41.37 percent
Business
UAE payments industry expected to reach $14 billion by 2030
The UAE's payments industry, like several other countries in the world, suffered an impact far less severe than initially anticipated...
- Like other countries, the industry in UAE suffered the Covid-19 impact less severe than anticipated, according to Boston Consulting Group.
- The national payment revenues in the UAE expected to grow by 67 percent between 2020 to 2030.
Business
Qatar and Rolls Royce set up a fund to invest in green projects
Qatar has tied up with Rolls Royce to set up a fund worth billions, investing in green engineering projects with...
- A sister campus would be built in Qatar
- The project will be one of the largest inward investments by a foreign state to the UK
Science
Dubai to plant more mangrove trees to preserve coastline
Dubai Municipality has begun a new drive to plant mangrove trees in Dubai’s natural reserves as part of its efforts...
- Dubai Municipality will start planting mangrove trees in its marine reserves in Ras Al Khor and Jebel Ali
- These trees will be planted in areas that are not exposed to waves, such as shallow areas and creeks, where the tidal rate does not exceed 1-2 meters
Business
Jordan resolves to develop network of electricity grids
Jordanian Minister of Energy and Mineral Resources, Saleh Kharabsheh, has stressed the importance of developing the country’s electricity grids and...
- The minister said the world is witnessing a technological revolution in the energy field, especially the renewable sector, which should be taken advantage of
- The minister also stressed the importance of the Arab electric connection and efforts to increase its capacity
Economy
Bahrain to deport a number of illegal expatriate workers
The violators were arrested during a clampdown conducted in the Muharraq governorate by the LMRA Labor Inspection Directorate.
- They are to be deported in compliance with the law, Bahrain’s Labor Market Regulatory Authority or LMRA has said
- It has also said it would step up such inspections in cooperation with competent authorities within the joint efforts with the Ministry of Interior
EIH acquires stake in 9Yards Comm
The acquisition aims to broaden EIH's investment portfolio.
Business
Company News
Al Dahra, CLAAS sign deal
Business
Latest News
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
Tabby, Paymob announce partnership
They will create a Buy Now Pay Later solution for retailers.
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’...
Business
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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
UAE’s top banks post 10% profit jump in H1 of 2022
Signalling a broader economy recovery in the country, four largest banks of the UAE have posted a big surge in...
- The financial performance comes amid an improving environment in the UAE despite global macro-headwinds
- The recovery reflected improving consumer confidence particularly given loosening pandemic restrictions, a strong vaccination roll-out, recovering oil prices
Jada to promote startups
It will collaborate with Invest Seoul Agency for the venture.
- The partnership seeks to exchange information on entrepreneurial policies and best practices and support startups aspiring to enter the Saudi or Korean markets
- Invest Seoul Agency is a foreign investment promotion agency established by the Seoul Metropolitan Government