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
Business
Adnoc Drilling IPO increased
Adnoc Drilling will list on the ADX on or around October 3.
- The increase is expected to be from 1.2 billion ordinary shares to 1.76 billion ordinary shares
- However, the offer price of AED 2.30 per share remains unchanged
Business
Saudi Arabia workshop woos German investors
The workshop discussed the most prominent ways to expand the current investments in line with Saudi Vision 2030.
- Saudi Arabia is opening up its economy while diversifying it to lessen its dependence on oil
- It is believed to have investment opportunities worth SAR12 trillion (€2.7 trillion or $3.2 trillion)
Business
Drydocks World develops ‘South Yard’
The latest project is aimed at increasing the company’s fabrication capacity.
- The firm is building a dedicated facility for new building projects comprising 70,000 sq.m. area
- The world-class yard will feature cutting-edge equipment, a much leaner execution process and a facility for heavy structures
Business
Etisalat’s SmartHub centres grow
SmartHub has become a key element of the digital infrastructure in the region.
- Etisalat’s SmartHub data centres act as an ICT bridge between continents, always supporting critical business activities of global customers
- SmartHub seeks to be a preferred location for carriers, cloud service providers, Internet exchanges and companies looking for a carrier grade data centres
Science
Abu Dhabi Stem Cells Center to hire 1,000 citizens in 5 years
The Abu Dhabi Stem Cells Center will hire 1,000 citizens during the next five years in medical and administrative roles,...
- The program will assist private sector institutions in supporting the "The Projects of the 50" initiative on a national level
- The center also declared its plan to enlarge the scope of its program to attract and develop Emirati talent
Economy
Dubai expected to record 3.1% economic growth in 2021
Dubai’s economy would grow by a further 3.4 percent in 2022, ‘spurred by the hosting of Expo 2020’.
- Dubai’s economy had seen a growth of 1 percent during Q1 2021, compared to Q4 2020
- This signaled that the emirate’s economy was on the path to recovery, said Dubai’s Department of Economic Development
Business
Mrs Bectors subsidiary comes up in UAE
The new company, Mrs Bectors Food International, was incorporated on September 14.
- Mrs Bectors Food Specialities Limited was incorporated as Quaker Cremica Foods Private Limited on September 15, 1995
- Following the termination of a JV agreement, the company was renamed Mrs Bectors Food Specialities Private Limited
Videos
What to Expect at Expo 2020 Dubai?
Expo 2020 Dubai is the first world expo in the Middle East, Africa, and South Asia region.
- The theme of the six-month event is Connecting Minds, Creating the Future
- It covers three sub-themes: Sustainability, Opportunity, and Mobility
Business
Natural Gas Distribution all set to list and trade on Nomu
The listing and trading of shares of Natural Gas Distribution on Nomu will start on September 22, as a direct...
- Daily price fluctuation limits will be +/- 30 percent and static price fluctuation limits will be +/- 10 percent
- The trading of shares will begin on September 22
Business
UAE to become major player in emerging blue hydrogen market: ADNOC CEO
The United Arab Emirates will become a major player in emerging blue hydrogen market, according to the CEO of the...
- The UAE is strengthening its position as a regional leader in natural gas and the emerging blue hydrogen market
- "Today, gas provides almost one-quarter of the world’s energy supply and will continue to play a critical role in the global energy system"
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
Company News
Latest News
Borouge 4 expansion on track
Business
King Abdullah calls on UN, world to provide aid for refugees
King Abdullah of Jordan met with the UN High Commissioner for Refugees Filippo Grandi at Al-Husseiniya Palace to discuss how...
Geostrategy
US Fed Reserve may remain hawkish in coming months
Despite the recent slowdown, the US economy remains robust, which allows for more aggressive monetary policy tightening. The US consumer...
Analysis
Saudi Arabia launches three new iron and steel projects
An integrated iron sheet production complex with a capacity of 1.2 million tonnes per year is one of the projects.
Economy
Most Read
Business
Work on world’s largest waste-to-energy project nearly completed
Dubai, UAE - Dubai Municipality said Monday 85 percent of of Dubai Waste Management Centre (DMWC), world’s largest waste-to-energy project,...
- Once fully operational, the plant’s renewable energy, generated from treating waste, will feed the local electricity grid with 215MWh of clean energy.
- Located in Dubai’s Al Warsan, the project will convert 45 percent of the emirate’s municipal waste into renewable energy.
Infographics
UAE solar energy leader in Arab world
Arab countries are constructing solar and wind energy plants with a total capacity of 73.4 gigatons, which is nearly five...
- Renewable energy generation projects in the Arab countries will reach nearly 92 percent of the region's total targets by 2030.
- More than 12 gigatons of wind and solar energy are currently produced in the Arab region, the report said.
Business
Abu Dhabi industrial sector registers 136 new licenses in H1
Abu Dhabi, UAE-- The registration of 136 new industrial licenses in the first half of 2022 points to a strong growth...
- The number of licenses transitioning to the construction phase reached 62, with the number of licenses having moved from under-construction to in-production reaching 44 factories.
- The total value of Capital Expenditures (CAPEX) of industrial establishments that switched to in-production stage rose to AED 3.1 billion compared to AED 1.03 billion in H1 2021.