Sharjah’s Sabaa Sanabel wheat gets Made in the UAE mark
SHARJAH, UAE - Sabaa Sanabel wheat flour, made from the wheat produced here, has become the first national product to...
Business
KEZAD, Tubacex to build Middle East’s first OCTG-CRA manufacturing facility
ABU DHABI, UAE - Khalifa Economic Zones Abu Dhabi – KEZAD Group on Friday announced the signing of a land...
Business
Business
Adnoc Drilling eyes $86m rigs
Adnoc, Adnoc Drilling, and H&P have formed an alliance for this.
- The rigs are expected to be delivered and commissioned in stages over a 12-month period
- The process is subject to acceptance upon successful completion of a final inspection on customary terms and conditions
Business booms in Dubai, best in two years
Business activity has grown in Dubai at the fastest rate since September 2019, and is likely to improve further on...
- Expo 2020, further easing of COVID-19 restrictions to boost economic activity
- “We remain optimistic that private sector business conditions will improve further in Q4 2021 as Expo 2020 gets underway
Business
AD Ports plans new $154m terminal
The new terminal will be at the Khalifa Port in Abu Dhabi.
- The terminal will be managed by a joint venture where AD Ports Group will have a 30 percent stake
- CMA CGM’s subsidiary CMA Terminals will have a 70 percent stake in the JV
Business
Twitter tests Communities
When people join a Community, they can Tweet directly to that group instead of to all their followers
- When people join a Community, they can Tweet directly to that group instead of to all their followers
- Only members in the same Community are able to reply and join the conversation so it stays intimate and relevant
Science
Saudi institute invests $500,000 to research farming in space
The equity investment was reportedly a part of Interstellar Lab's latest $3-million seed round.
- The non-profit FII Institute has made the investment in the French firm Interstellar Lab
- The Paris-based firm designs closed-loop bio domes for sustaining life on Earth, the moon, and Mars
Business
Iran mulls preferential trade agreement with Lebanon
The director-general of the Iranian Trade Promotion Organization’s Office of Arabian and African Countries has said Iran is in talks...
- Lebanon is currently suffering under one of the world’s worst economic crises since the mid-1800s
- The situation is such that senior economist Nasser Saidi has said hyperinflation is imminent in the country
Investors to sue Boeing’s Board of Directors for 737 crashes
Boeing has already lost $20 billion in fines, lost orders, and other costs, due to these two crashes, both of...
- A Delaware judge observed that while those who died in the crashes were the primary victims, Boeing shareholders were secondary victims
- She has allowed the Board of Directors to be prosecuted on charges that they did not make good-faith decisions about the safety of the aircraft
Business
Iker Casillas to launch goalkeeper training center in Dubai
Called the Iker Casillas Goalkeeper Training Center, this will be the first such facility by the Real Madrid goalkeeper outside...
- The center is to be established in partnership with Dubai’s Fursan Hispania FC
- It will be helmed by former Spain international footballer Michel Salgado
Business
Japanese-French consortium to operate Dubai Metro now
The change in operators coincided with the 12th anniversary of Dubai Metro, which started operation on September 9, 2009.
- The operation and maintenance contract of Dubai Metro and Tram with Keolis-MHI LLC spans 15 years
- Of these, nine are base years, and six years are renewable every two years
Business
Bitcoin may touch $100,000 in Q1 of 2022
Standard Chartered has forecast that Bitcoin will touch the magical figure of $100,000 in the first quarter of 2022, and...
- On Wednesday, Bitcoin was trading at a little more than $46,000
- Ethereum and Binance Coin were trading at $3,413 and $409, respectively
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Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
Sharjah’s Sabaa Sanabel wheat gets Made in the UAE mark
SHARJAH, UAE - Sabaa Sanabel wheat flour, made from the wheat produced here, has become the first national product to...
Business
Company News
Latest News
Qatar grows its suite of world-class hotels with new openings this month
The Wyndham Grand Doha West Bay Beach, St. Regis Marsa Arabia Island and the Rixos Hotel Doha will soon unveil...
Economy
DMCC puts on display world’s largest pink diamonds at DDE
DMCC has hosted the unveiling of one of the world’s largest internally flawless fancy vivid pink diamonds – the "Williamson...
Business
Most Read
Economy
Dubai records over US$653m in realty transactions on Monday
DUBAI, UAE - Dubai real estate market recorded 568 sales transactions worth US$373 million (AED1.37 billion) on Monday, data released...
- Dubai real estate market recorded 568 sales transactions worth US$373 million on Monday.
- The sales included 503 villas and apartments worth US$283 million and 65 land plots worth US$88 million.
Videos
UAE Arab world’s best paymaster
The lowest average monthly salary is paid in Sri Lanka (US$143.62) and the highest in Switzerland (US$6142.1), according to a...
- The lowest average monthly salary is paid in Sri Lanka (US$143.62) and the highest in Switzerland (US$6142.1)
- Salaries are also lowest in some of the Arab countries such as Egypt and Algeria
Business
ADNOC announces $548m contract for Lower Zakum field
Abu Dhabi National Oil Company (ADNOC) Monday announced the award of a US$548 million (AED2.01 billion) contract to build a...
- The award will increase the Lower Zakum field’s gas production capacity from 430 million to 700 million standard cubic feet per day.
- The project will see the construction of a new subsea pipeline that will run 85 kilometers from Zakum West Super Complex to Das Island.