OERC, Jindal to set up sustainable transport logistics solution
Abu Dhabi, UAE - Oman and Etihad Rail Company (OERC) signed a deal with Jindal Shadeed Iron & Steel (Jindal)...
Business
UAE urges collective action for sustainable development at G20 ministers meeting in India
DUBAI, UAE – UAE Minister of Climate Change and the Environment Mariam bint Mohammed Almheiri highlighted the importance of collective...
Geostrategy
Business
UAE deepens partnership with 14 countries to proscribe laundering of money
The United Arab Emirates Expert Group for Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) has continued to hold...
- These meetings built on earlier meetings held with other key partners, including Saudi Arabia, the Gulf Cooperation Council (GCC), the European Commission (EC), and Russia
- Evidence of the UAE’s recent efforts was demonstrated throughout the meetings
Business
Mace, global construction firm, to build $4.3bn lifestyle project in Riyadh
Mace, the global construction company, will be working on a big lifestyle destination project in Riyadh, its developer Majid Al-Futtaim...
- Riyadh North project will house over 600 retail stores, nine hotels and branded residences, as well as the flagship Mall of Saudi
- It will also feature an indoor ski slope and snow park
Business
GCC airlines fly into losses amidst Covid-19
With $126 billion in losses, airline industry recently confirmed that 2020 was the worst year on record for the struggling...
- The pandemic has forced airlines to lay off staff and seek government bailouts
- 2020 was the worst year on record for the struggling sector
Business
UAE-Brazil trade defies Covid pandemic gloom, posts 33 percent growth in 2021
Trade between the United Arab Emirates and Brazil has grown 33 percent in the first eight months of 2021, defying...
- "This year we can see a strong increase in bilateral trade that reached US$1.8 billion in the first eight months [until August
- the Brazil-UAE bilateral trade in 2018 stood at US$2.6 billion, which went up to US$2.81 billion in 2019
Business
Shareholders of Jeddah’s International Medical Center to sell shares in an IPO
Fitaihi Holding Group, which owns part of IMC, has declared that it intends to sell the hospital’s shares in a...
- This follows a raft of other Saudi companies announcing a potential listing on the Saudi bourse
- The firm, which owns 19.25 percent of the hospital, said it will take the necessary measures to “transform it into a public joint-stock company”
Business
Dubai police and a firm join hands to educate people about crypto fraud risks
Dubai police and a cryptocurrency trading firm have joined hands to make investors and traders aware of the risk of...
- “We have been working with key policymakers to help them build regulation that will make crypto safe for investors”
- She said there is a “string of scams happening on peer-to-peer platforms,” and the partnership with the police could help investors and traders steer clear of them
Business
Creative Zone expands into Qatar
The CZ is one of the top firms in the United Arab Emirates.
- The CZ is one of the top firms in the United Arab Emirates
- Hyundai, LG are among some of its clients
Business
ADNOC Drilling starts trading on ADX
It will start trading under the symbol ADNOCDRILL.
- Trading starts after the company raised more than $1.1 billion through an IPO.
- Upon listing, Adnoc Drilling is expected to be among the top 10 largest companies on the bourse.
Geostrategy
EU aims to cement cooperation with Gulf states, says bloc’s foreign policy chief
DUBAI: The EU aims to cooperate with the Gulf states on climate change, global access to vaccines and supporting the...
- Josep Borrell is on a visit to Riyadh, UAE and Qatar.
- A cooperation agreement will be signed with Saudi Foreign Minister Prince Faisal bin Farhan.
Arts & Culture
Sharjah International Book Fair begins on Nov 3
Organised by the Sharjah Book Authority (SBA), the annual fair is one of the top three book fairs in the...
- Organised by the Sharjah Book Authority (SBA), the annual fair is one of the top three book fairs in the world.
- Authors, publishers, creatives, and intellectuals from around the world will take part in the fair's activities over the 11-day period
OERC, Jindal to set up sustainable transport logistics solution
Abu Dhabi, UAE - Oman and Etihad Rail Company (OERC) signed a deal with Jindal Shadeed Iron & Steel (Jindal)...
Business
Company News
Latest News
Qatar deepens partnership with Iberdrola Innovation
Qatar science and Technology Park (QSTP) has deepened its partnership with Iberdrola Innovation Middle East by signing an agreement to...
Business
Steep Fed rate hike seen as certainty after ugly inflation data
Soaring prices have pushed annual inflation to a 40-year high, inflicting pain on American consumers and businesses, despite the welcome...
Economy
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Geostrategy
Saudi Arabia provides US$1m in assistance to UNAOC
Saudi Arabia has provided $1 million in assistance to the United Nations Alliance of Civilizations (UNAOC) for supporting its work...
- The kingdom's permanent representative to the UN, Abdulaziz bin Mohammed Al-Wasel, handed over the assistance to High UN High-Representative for the Alliance of Civilizations
- The ambassador praised the body for strengthening the role of multiple diplomacy, at a time when the world has an urgent need to establish the values of coexistence
Economy
Saudi Arabia chairs coordination meeting of GCC labor ministers in Cairo
The meeting discussed the agenda of the 48th session in addition to a number of other issues pertaining to GCC...
- The meeting discussed the agenda of the 48th session of Arab Labor Conference kicking off on Sunday
- The conference extends until 25 September with the participation of the heads of delegations from 21 Arab countries.
Business
US team explores ways to boost economic ties with UAE
The delegation, led by Governor Spencer J. Cox, included over sixty prominent Utah government officials, business executives, and community leaders,...
- The meeting was organized by the US-UAE Business Council, the State of Utah Governor's Office of Economic Opportunity and the World Trade Center Utah
- The American delegation discussed strengthening relations with the UAE and opportunities for future cooperation with nearly 100 businessmen and women from both sides