Japanese PM discusses clean energy cooperation with UAE ahead of COP28
As the UAE prepares to host COP28, Japan aims to offer its green and renewable energy technologies to support the...
Geostrategy
MBRGI joins UAE delegation, takes part in UN forum on sustainable development goals
DUBAI, UAE - Mohammed bin Rashid Al Maktoum Global Initiatives (MBRGI) joined the UAE delegation to the United Nations High-Level...
Geostrategy
Arts & Culture
Saudi site Dawqara shows signs of civilization during the late Roman period
DUBAI: Dawqara, a place in Saudi Arabia's Northern Borders region, has shown signs of civilization during the late Roman period....
- One of the most important artifacts of the site in Dawqara is a square palace built from volcanic stones.
- Some stone tools have also been found at the site located in the Northern Borders region.
Business
Al-Nefaie named Seera Group CEO
He was appointed acting CEO of the group in April
- Majed bin Ayed Al-Nefaie succeeds Abdullah Al-Dawood.
- He has been the vice-president of the revenue department at Makkah Construction and Development Co.
Economy
Kuwait population down 0.9 percent in H1 due to expat exodus
DUBAI: Kuwait’s population decreased by 0.9 percent in the first six months of this year to 4.62 million, as expatriate...
- More than a third of Kuwait population under 15, likely to put more pressure on the labor market.
- Total employment fell by 1.7 percent in H1 due to moderation in hiring activity among Kuwaiti nationals in the private sector and a drop in expat employment.
Business
Saudi Arabia and Greece to set up business council to deepen trade
Saudi Arabia and Greece have decided to set up a business council in order to enhance bilateral trade and investment...
- The body will aim to open new areas for economic cooperation, facilitate continuous interaction between the Saudi and Greek business sectors
- The new council will also exchange information on available markets and investment opportunities, enable commercial and investment partnerships
Economy
Dubai sees growth in employment opportunities as Covid-19 cases drop
As a result of fewer travel restrictions following vaccination and a decline in Covid-19 cases, Dubai has experienced a turnaround...
- Dubai-based Emirates will hire 3,000 cabin crew members and 500 airport staff workers over the next six months
- Amazon is planning to hire 1,500 people in the UAE this year
Business
$4 billion infrastructure and road projects ready for Expo 2020: RTA
The Road and Transport Authority has charted out technical event management plans and developed a structure for the mobility of...
- The projects included the construction of an Enterprise Command and Control Centre, hailed by RTA as one of the biggest and most sophisticated control centers in the world.
- Dubai Metro Expo 2020 Station will operate on October 1, synchronized with the official opening of Expo 2020.
Science
Japan sees Middle East as vital in creating hydrogen-based society
Kajiyama Hiroshi, the economy, trade and Industry minister of Japan, said that Middle Eastern countries are important partners in creating...
- 'The large-scale and inexpensive hydrogen supply is indispensable'
- Hydrogen and ammonia are attracting attention as new energy sources
Investigation
UAE to punish extortion demands on web with prison sentence of up to two years
Anyone guilty of making a threat to another person on the web will get a prison sentence of up to...
- "The penalty shall be imprisonment for a duration of not more than ten years if the threat is a threat to commit a crime
- The Public Prosecution, through a tweet published today on its social media account, clarified the penalty for the crime of electronic extortion
Business
Digital inclusion vital for economic growth: Experts at WEF discussion
DUBAI: An estimated 47 percent of people worldwide are offline, and the cost of available broadband exceeds affordability targets in...
- An estimated 47 percent of people worldwide are offline, and the cost of available broadband exceeds affordability targets in 50 percent of developed countries.
- The UAE’s information and communications technology spending is estimated to reach $23 billion by 2024.
Economy
Fed policy tightening not at all bad for Gulf economies: Jefferies
The impending end of super-loose monetary policy from the Federal Reserve will have both positive and negative effects on the...
- A likely strengthening of the dollar, to which Gulf currencies are pegged, may push down inflation, because it makes imports less expensive
- Higher interest rates on dollar-denominated assets tend to lead to outflows from emerging markets
Japanese PM discusses clean energy cooperation with UAE ahead of COP28
As the UAE prepares to host COP28, Japan aims to offer its green and renewable energy technologies to support the...
Geostrategy
Company News
Beirut named most expensive city in Arab world
Infographics
ADX market value rises in Q2, 2022 to US$542.42bn
Market Report
Latest News
NMDC, James Fisher sign MoU
Business
Aldar acquires Doubletree
Business
ADNOC awards $2bn in contracts
Business
Adoption of new technologies tops Saudi Maritime Congress agenda
The purpose of the event is to highlight the most significant advancements in the digital transformation and adoption of cutting-edge...
Economy
AD Ports ups stake in Egypt firms
The majority stake in the two companies was valued at $140m.
Business
Lebanon-Israel maritime talks to conclude in days: Lebanese official
Negotiations between Lebanon and Israel have been mediated by the US to delineate a shared maritime border.
Geostrategy
Most Read
Business
Dubai records realty transactions worth $517 million: Land Department
Dubai, UAE--- Dubai real estate market recorded 344 sales transactions worth AED1.77 billion ($481 million), in addition to 67 mortgage...
- The sales included 286 villas and apartments worth AED600.16 million, and 58 land plots worth AED1.17 billion.
- The emirate's real estate market recorded a total of 7,092 transactions in July 2022, which is its best performance in the past decade.
Business
Wio launches in UAE
The digital bank is co-owned by ADQ, Etisalat, and others.
- It has three main business lines: digital banking apps, embedded finance and banking-as-a-service, the provision of banking through third-party distributors
- Wio is 65 percent owned by Abu Dhabi sovereign wealth fund ADQ and Alpha Dhabi, 25 percent by Etisalat and 10 percent by First Abu Dhabi Bank
Business
PIF to buy stake in Seera
PIF will pick up $1bn stake in Seera Group's travel unit.
- Seera Group said in a bourse filing that the PIF wants to hold 30 percent of Almosafer’s capital
- Almosafer aims to use the capital injection to scale up its tourism operations and strengthen its position as a leading travel agency in the kingdom