Saudi Arabia at 16 position in Lloyd’s List 2023 rankings
RIYADH, SAUDI ARABIA - The Kingdom of Saudi Arabia was ranked 16 in annual container throughput by the 2023 edition...
Business
Geostrategy
Meetings with Syria should translate into projects: Jordan PM
He said the projects should benefit the two countries and cement a historical brotherhood bonding them.
- A Syrian delegation in Jordan has held a series of meetings with its Jordanian counterparts over the course of two days
- It reviewed the outcome of discussions with the Jordanian ministers in the areas of transport, intra-trade, water, agriculture and energy
Business
Ukraine looks to bolster investment cooperation with GCC, especially Kuwait
Ukraine is looking to bolster investment cooperation with the Gulf Cooperation Council (GCC) countries, especially Kuwait.
- Ukrainian Deputy Foreign Minister Dmytro Kuleba said that the Ukrainian government has recently enacted many pieces of legislation targeting holistic economic reforms
- The Ukrainian official hoped that Kuwaiti companies would join the execution of these strategically significant projects in Ukraine
Geostrategy
Kuwait, China keen on institutional framework
The Consul General of Kuwait in Shanghai, Mishal Al-Shamali, during a meeting with Shanghai Deputy Mayor Zhong Ming, said that...
- The framework is needed to start implementing the agreements concluded between the two countries
- This will help develop and strengthen bilateral ties between Kuwait and China in the upcoming years
Business
Jordan to resume flights to Damascus, 10 years after Syrian civil war broke out
The Jordanian government has agreed to resume flights to the Syrian capital Damascus as of 3 October after a 10-year hiatus...
- The Ministry of Interior said, in a press statement today, that this decision comes to allow the activation of trade and tourism between the two countries
- Travelers coming from Syria will be required to present a negative PCR test from accredited Syrian laboratories taken no more than 72 hours before their flight
Business
Kuwait plans customs virtual corridor with Abu Dhabi
The customs departments of Kuwait and Abu Dhabi are planning to form a virtual corridor.
- The move is expected to bolster bilateral trade ties
- A deal over the matter may be sealed shortly
Business
Dubai’s trade with Saudi Arabia leaps up 26 percent to AED30.5bn in H1
Trade between Dubai and Saudi Arabia grew 26 percent to AED30.5 billion in the first half of 2021, making the...
- Overall, the non-oil foreign trade of Dubai grew 31 percent year-on-year in the first half 2021 to AED722.3 billion
- China, however, remains the emirate’s biggest trading partner in the world in terms of value - increasing by 30.7 percent to AED86 billion in the six months to July
Geostrategy
Jordan to fully reopen Syria crossing this week
The crossing was closed nearly two months ago due to fighting in Syria’s southern province of Daraa.
- The Jaber-Nasib crossing is Jordan’s main gateway for goods from Lebanon and Syria to the Arab Gulf countries
- It is expected to operate at full capacity as of Wednesday, September 28
Business
Oman to start gabbro mining in October
The quarry will start with a production capacity of 2.4 million tons of gabbro.
- Gabbro is a coarse-grained igneous rock that is used, among other things, to make kitchen countertops
- Sometimes, gabbro deposits may also contain chromium, nickel, cobalt, gold, silver, platinum, and copper sulfides
Business
UAE and WEF to hold ‘Great Directions for the Future’ dialogue in Abu Dhabi
The United Arab Emirates in partnership with the World Economic Forum will hold a two-day long gathering of thinkers to...
- The meeting represents the basis for an initiative that brings together the world’s elite thinkers, minds and future foresights, on a single platform, to exchange ideas, share visi
- “Great Directions for the Future” dialogue and the meeting in Dubai will constitute a strong incentive to shape the features of a more prosperous and inclusive future for humanity
Business
Tribunal awards Dana Gas $607 million in a case against Iran’s state producer
DUBAI: Sharjah-based Dana Gas has been awarded $607.5 million as compensation for damages in a case against the Iranian state-owned...
- The final hearing of the case will be held in October 2022 and a final award on the damages is expected in 2023.
- A second arbitration for the bigger period of the 25-year agreement is currently underway, Dana Gas said.
Saudi Arabia at 16 position in Lloyd’s List 2023 rankings
RIYADH, SAUDI ARABIA - The Kingdom of Saudi Arabia was ranked 16 in annual container throughput by the 2023 edition...
Business
Company News
DFM H1 profit up up 63 percent
Business
Latest News
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
DEWA smart meters’ number up 73% in four years
Dubai, UAE---Dubai Electricity and Water Authority (DEWA) recorded a growth in the number of smart water meters by 73.6 percent...
Business
Most Read
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
Geostrategy
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...
- The one-day forum featured a leadership briefing, followed by a technical forum hosted by ENEC and the United States Department of Energy
- ENEC is a leading entity that is spearheading cyber security in the UAE’s clean energy sector