DEWA, Huawei ink deal to bolster digital change, decarbonization
Guangdong, China - A DEWA delegation led by Al Tayer, MD and CEO DEWA, discussed enhancing cooperation and exchanging experiences...
Business
OFID, partners offer $60m loan to Tanzania for renewable energy
VIENNA, AUSTRIA - A new US$60 million loan by the OPEC Fund for International Development (OFID) and partners is expected...
Economy
Geostrategy
Jordan, Lebanon discuss cooperation
Jordanian Prime Minister Bishr Khasawneh met his Lebanese counterpart Najib Mikati to discuss cooperation and help Lebanon.
- Jordanian Prime Minister Bishr Khasawneh underlined his country’s support for Lebanon to overcome ongoing challenges
- He also pointed to the relations that bind the two countries and peoples, highlighting Jordan's commitment to enhancing joint cooperation
Business
Saudi Arabia to strengthen trade ties with Austria
The Saudi delegation of the trade system was headed by Minister of Commerce Majid Al-Qasabi.
- During the meeting, the countries discussed opportunities to enhance and develop commercial relations
- They also talked of ways to upgrade the level of trade exchange and cooperation between the two countries
Expo 2020 DUBAI
Dubai Expo 2020 to attract 25 million business, tourist visits
The full expo site has opened its doors to exhibitors from almost 200 countries.
- The full expo site has opened its doors to exhibitors from almost 200 countries
- The event was chosen eight years ago to follow the 2015 Expo in Milan, Italy, and cost around $6.8 billion
Business
ADNOC Distribution will pay $350 million H1 interim dividend to shareholders
DUBAI: ADNOC Distribution has announced AED1.285 billion ($350 million) as an interim dividend payment to shareholders for the first six...
- This is the first payment in what is expected to be a full-year 2021 dividend payment of AED 2.57 billion.
- The company has set a minimum of AED2.57 billion dividend for 2022.
Business
Oman looks to tap Brunei for cooperation
Oman’s Foreign Minister Sayyid Badr Hamad Al Busaidi and Brunei Darussalam’s Second Foreign Minister Dato Seri Setia Haji Erywan bin...
- During the meeting, the ministers stressed on their keenness in promoting cooperation in various fields, especially in areas of joint investments
- They also exchanged views on regional and international matters of common interest
Economy
Seamless Middle East 2021 held in Dubai
The event, sponsored by the Arab League and organised by Terrapinn, was held at the Dubai World Trade Centre.
- The event, sponsored by the Arab League and organised by Terrapinn, was held at the Dubai World Trade Centre
- Participants in the event included a number of international institutions and organisations, such as Harvard University, the UN and the World Bank
Expo 2020 DUBAI
US Pavilion to inspire ‘spirit of freedom’: Commissioner General
Robert Clark praised the UAE for transforming “the sands of the desert into a thriving World’s Fair site, complete with...
- Robert Clark praised the UAE for transforming “the sands of the desert into a thriving World’s Fair site, complete with spaces for 192 nations to connect
- Clark added that the USA Pavilion will welcome millions in-person and online
Expo 2020 DUBAI
Kuwait Expo 2020 pavilion will be ‘biggest’ in terms of size and activities, says director
DUBAI: Kuwait's participation at Expo 2020 Dubai is "biggest" in terms of pavilion size and range of activities, the pavilion's...
- The Kuwaiti pavilion, which has been designed to resemble water tower structures commonly found in the country, is constructed on an area of over 5,500 square meters.
- A total 200 government and private bodies representing diverse sectors are set to contribute to the booth over the coming six months.
Geostrategy
Israel foreign minister opens embassy in Bahrain
Yair Lapid began a landmark visit Thursday to Bahrain where he opened the Israeli embassy one year after the US-brokered...
- The Bahrain flight and Israel's first bilateral ministerial visit to the Gulf country are part of a thaw in regional relations
- Bahrain reaffirms its commitment to the two-state solution to the Israeli-Palestinian conflict
Business
Dubai records weeklong real estate transactions worth $1.6 billion
DUBAI: Dubai has recorded 1,592 real estate and properties transactions worth AED6 billion ($1.6 billion) in total during the week...
- A plot of land in Al Thanayah Fourth sold for AED59.5 million and an apartment for AED373 million in Marsa Dubai.
- Al Yufrah 3 recorded the most transactions for this week with 17 sales transactions worth AED15.66 million.
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DEWA, Huawei ink deal to bolster digital change, decarbonization
Guangdong, China - A DEWA delegation led by Al Tayer, MD and CEO DEWA, discussed enhancing cooperation and exchanging experiences...
Business
Company News
DFM H1 profit up up 63 percent
Business
Latest News
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...
Economy
ENEC shares expertise at cyber energy leadership forum
The Emirates Nuclear Energy Corporation (ENEC) hosted the first edition of the CyberEnergy Leadership Forum (CELF) in Abu Dhabi. Over...
Geostrategy
Response Plus enters Indian market
The company will establish its Indian headquarters in Kerala state.
Business
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Economy
Sharjah to host International Jewelry Designers Forum
Expo Centre Sharjah has said that it will host the International Jewelry Designers Forum on October 7.
- The forum will discuss a number of thematic topics, including future trends in jewelry and gem designs.
- It will also discuss important techniques used in combining stones and lab-created diamonds.
Economy
Saudi Consumer Price Index rises by 3% in August: GASTAT
General Authority for Statistics said the main drivers of CPI inflation were the higher prices of food & beverages and...
- In August 2022, the Wholesale Price Index increased by 5.6 percent compared to the same month in 2021, but down from 6.8 percent in July 2022.
- The increase resulted mainly from the increase in metal products, machinery and equipment prices that have a relatively high weight in the index.
Economy
Saudi Arabia: AI Algorithms to help crowd management at Holy Sites
The Saudi Ministry of Interior and the Saudi Data and Artificial Intelligence Authority (SDAIA) have announced a strategic partnership for...
- The Saudi Ministry of Interior and the Saudi Data and Artificial Intelligence Authority have announced a strategic partnership for the purpose
- Efforts are on to increase the capacity to receive visitors and pilgrims, in line with the targets of the Kingdom’s Vision 2030