DEWA given Net-Zero statement of verification for work on climate change
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) has received the net-zero statement of verification and assurance certificate in...
Business
UAE opens field hospital in Chad to help Sudanese refugees
ABU DHABI, UAE - UAE Ambassador to the Republic of Chad Rashid Saeed Al Shamsi on Sunday opened a field...
Geostrategy
Business
Sharjah, Guatemala explore ways to boost trade, cultural ties
Sharjah and Guatemala have held discussions on enhancing trade exchange relations and joint investment opportunities in vital sectors like tourism,...
- Sheikh Fahim Al Qasimi, Chairman of the Department of Government Relations (DGR) in Sharjah, hosted a high-level Guatemalan delegation
- Malouf, who is also the head of the Guatemalan delegation at the ongoing Expo 2020 Dubai, was accompanied by Lars Pira, Guatemala's Ambassador to the UAE
Business
UAE and India resolve to strengthen ‘deep economic ties between the two countries’
The United Arab Emirates and India have resolved to strengthen ‘the deep economic ties between the two countries,’ while noting...
- Both sides recognized the collaboration between India and UAE during this difficult period and appreciated the leadership provided by the two countries
- At the meeting, discussions were also held on exploring mutually beneficial methods and incentives to facilitate further investment from UAE sovereign investment entities
Economy
S&P revises Oman’s credit rating to positive on the back of fiscal improvement
S&P has revised up Oman’s credit outlook to positive from stable on the expectation that the sultanate’s reform program will...
- Long-term foreign currency credit rating was affirmed at B+
- S&P said it could raise its ratings on Oman over the next 12 months if planned fiscal reforms and stronger economic growth sustainably reduce fiscal imbalances
Geostrategy
Iran bans LG and Samsung home appliances
The import of home appliances made by these two South Korean companies is now banned by Iran, following an apparent...
- Iran’s Supreme Leader Ayatollah Khamenei ordered the ban in response to a call by local producers
- Their request followed Khamenei’s insistence in recent years to ramp up local production of goods and banning the import of similar products
Economy
Saudi Arabia to have budget surpluses from 2023: Ministry of Finance
Saudi Arabia is confident that it will have budget surpluses from 2023 with the kingdom’s economy showing a “noticeable and...
- Saudi Arabia will post a surplus of about $7.2bln in 2023, rising to $11bln in 2024, the ministry said
- Government revenue will slip to SR903 billion in 2022 from SR930 billion in 2021, but will have reached SR992 billion by 2024
Tropical storm ‘Shaheen’ poses threat to many coastal areas in MENA
The tropical depression deepened to the Tropical Storm "Shaheen" in the northeast of the Arabian Sea along the Indian-Pakistani coasts...
- The tropical storm is expected to deepen into a category 1 tropical cyclone within the next 24 hours
- It is expected that the eastern coast will be affected from Saturday night with a Stromsburg, especially with the period of high tide at low areas
Analysis
Expo 2020 opens doors of hope for humanity
With the stunning opening of Expo 2020, the UAE has proved that it can explore the future that would open...
- The opening ceremony of the Expo 2020 Dubai, which represented a harmonious and impressive mixture, brought together the whole world with its various spectrums
- The event started a new era of excellence and achievement for our dear country in light of the Year of the 50th amid unprecedented domestic, Arab and international media attention
Economy
Kuwaiti women play big role in development: Diplomat
Fahad Hejji, the First Secretary of the Permanent Mission of the State of Kuwait to the United Nations, has said...
- Kuwait has spared no effort to empower women and ensure their rights
- It also ensures their effective participation in all aspects of daily life, and enables them to assume leading state posts
Business
Abu Dhabi lets judges work from anywhere
The move is expected to reduce the litigation time and costs and increase the rate of disposition of cases in...
- Abu Dhabi is now allowing judges to hear cases and render judgments from anywhere, irrespective of the geographical location of registered cases
- Judges of courts in Abu Dhabi, Al Ain, and Al Dhafra are now allowed to use video-conference to hear the cases before them
Science
Saudi Arabia announces vaccine mandate for public
Saudi authorities will require people to have double immunization starting at 6 am on October 10 if they are to...
- Saudi residents will need double immunization to enter any economic, commercial, cultural, recreational, sports, or tourism activity
- They will also require it to enter any cultural, scientific, social, or recreational event
Most Read
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
DEWA given Net-Zero statement of verification for work on climate change
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) has received the net-zero statement of verification and assurance certificate in...
Business
Company News
Latest News
GCC-India ink MoU for consultations mechanism
India has signed a Memorandum of Understanding (MoU) with the Gulf Cooperation Council (GCC) Secretariat on the "mechanism of consultations"...
Geostrategy
Dubai records weeklong realty transactions worth $2.49 billion
Dubai, UAE---A total of 2,317 real estate transactions worth AED8.9 billion ($2.49 billion) were conducted during the week ending 16...
Business
UAE participates in G20 Finance Track’s Infrastructure meeting
UAE Ministry of Finance (MoF) participated in G20 Finance Track’s fourth and last Infrastructure Working Group (IWG) meeting for 2022...
Geostrategy
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Geostrategy
UAE president invites Israeli counterpart to attend Abu Dhabi Space Dialogue
The invitation was extended by the UAE Minister of Foreign Affairs Sheikh Abdullah bin Zayed Al Nahyan who is currently...
- The invitation was extended by the UAE Minister of Foreign Affairs Sheikh Abdullah bin Zayed Al Nahyan who is currently on an official visit to Israel
- The UAE top diplomat conveyed the greetings of Sheikh Mohamed and his wishes of progress and prosperity to Israel
Geostrategy
UAE foreign minister meets Israeli PM, discuss ties, regional issues
The two leaders reviewed issues of common interest, regional and international developments, and ways to enhance efforts to achieve peace...
- The two leaders reviewed issues of common interest, regional and international developments, and ways to enhance efforts to achieve peace and stability in the Middle East
- The UAE FM pointed out that about half a million Israelis visited the UAE in the past two years, adding that there are about 7 to 8 flights per day between the two countries
Economy
Scientific program to reduce impact of climate change in Saudi Arabia, region
Riyadh, Saudi Arabia - Earth foresight, a scientific program to combat climate change using Artificial Intelligence was launched at the...
- The program relies on ground data processing techniques and artificial intelligence to provide sustainability solutions to address the risks of climate change
- It focuses on five aspects to secure a more sustainable environment, including environmental preservation, pollution control, sustainable agriculture, and nature protection