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
Business
Kuwait Touristic to raise capital to $996m to boost tourism
Kuwait is looking to revitalize its tourism industry, and in this regard Kuwait Touristic Enterprises plans to increase its capital...
- “Our vision is to bring back the golden age of tourism in Kuwait"
- The company plans to execute 95 initiatives and projects costing 380 million dinars over 10 years
Business
SNOC to meet Sharjah’s gas needs amid rising power demand
Gas will be sourced from SNOC's own resources and ADNOC imports.
- In 2019 SNOC and ADNOC signed an interim contract to close the gas supply gap with SEWA.
- Sharjah has also begun to develop its own resources of gas.
Science
Saudi Arabia to spend $6.4bn in 15 years on waste recycling
Saudi Arabia will invest $6.4bn in waste recycling over the next fifteen years in order to move to a more...
- "The company is also working with legislators and regulators to separate waste from the source by placing dedicated containers, organizing transportation and waste collection"
- Saudi Arabia had 5 percent of its total waste recycled from the beginning of 2020 until the first half of this year 2021
Business
Expats leaving Oman can retain properties under usufruct scheme
The scheme allows them to manage properties from outside the country through law firms or realtors.
- The usufruct period for buildings can last for up to 50 years, and be extended for 99 years.
- With this scheme, Oman aims to keep pace with global trends around controlling the movement of funds.
Business
RoyalJet comes to Dubai to cater to high demand for charter planes
In order to cater to growing demand for charter planes, RoyalJet, the wholly owned subsidiary of the Abu Dhabi-owned RoyalJet...
- Demand for private flights expected to surge further as Expo 2020 draws near
- The jets are available for charter by business and leisure travelers who are looking to fly directly into and out of Dubai
Geostrategy
Canada elects PM Trudeau for third term
The 49-year-old Trudeau won the election, but did not get simple majority, which could make things difficult for him, just...
- The elections were tough for Trudeau, despite his conservative opponent being a relative newcomer to the arena
- Trudeau had called snap elections, hoping to sail through thanks to his handling of the Covid-19 threat in Canada
Arts & Culture
Expo 2020 launches official song ‘This Is Our Time’
The song, called This Is Our Time, is four minutes and 18 seconds long, is available on several platforms for...
- The song features UAE-based artiste Hussain Al Jassmi, who is also an Expo 2020 Ambassador
- He is accompanied by Lebanese-American singer-songwriter Mayssa Karaa, and Emirati singer-songwriter Almas
Business
Dubai Chamber adds 16,000 new members this year
Some 16,000 new companies have joined Dubai Chamber this year, bringing the total membership to more than 275,000.
- The membership growth is also a result of the various business-friendly measures and incentives introduced by the government in recent years
- The number of ATA Carnets issued by the Chamber and received by the country, increased 5.1 percent over the same period, reaching 2,188 in the first eight months of 2021
Business
Foreigners in Kuwait on commercial visit to get work permit now
The move is aimed at meeting growing demand for manpower by companies in the country. After all, the number of...
- Thousands of expats left Kuwait this year and have been unable to return due to the pandemic
- This move is expected to offset that talent drain and attract more such talent into the country
Business
Kuwait starts 100,000 bpd oil-gathering center
Kuwait is one of five countries that negotiated a higher baseline for its quota in a July 18 OPEC+ meeting.
- A gathering center is a facility that collects oil from a field to be transferred usually by pipelines
- This gathering center is formally referred to as GC-31 and is located in in northern Kuwait
Company News
Borouge 4 expansion on track
Business
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SAIB shares vault more than 2%
Business
Iraq receives 125 antiquities borrowed from Germany
Arts & Culture
UAE treasury bonds post “exceptional” bidding results
The fourth auction, which witnessed the first issuance of five-year T-Bonds saw a strong demand through the six primary bank...
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,...
Business
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...
Infographics
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Science
IAEA approves operational safety at Barakah Nuclear Power Plant
An International Atomic Energy Agency team of experts said the UAE's Barakah Nuclear Power Plant (NPP) had strengthened operational safety...
- The Operational Safety Review Team had concluded a five-day follow up mission to the Barakah NPP.
- OSART missions aim to improve operational safety by independently assessing safety performance against the IAEA’s safety standards.
Science
UAE issues updated second NDC to reduce emission
The UAE Cabinet, headed by Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, approved...
- The new document outlines the country’s increased climate target of reducing greenhouse gas emissions by 31 percent.
- The reduction target translates into an absolute emission avoidance of 93.2 million metric tonnes of CO2e.
Economy
Qatar private sector exports up 21 percent in second quarter: Chamber
Qatar’s private sector exports during the second quarter of 2022 amounted to QAR 8.92 billion ($2.44 billion), a 21 percent...
- On a quarterly basis, it also surged 15.4 percent compared to QR 7.73 billion in Q1-2022.
- The report attributed the surge to the private sector’s ability to adapt to normal and abnormal economic conditions and to achieve rising growth rates.