AD Ports signs 30-year pact to operate Congo’s key port
The first phase works, costing $200m, likely to completed in 30 months.
Business
Business
Egypt eyes $1bn investments as Africa Finance Corporation member
Egypt, the most populous nation in North Africa, has already seen some investments from the AFC.
- Founded in 2007, the AFC is dedicated to investing in private sector infrastructure projects across Africa
- It is said to have invested $8.7 billion in projects in 35 African nations since its establishment
Business
Gulf Craft expands footprint in Europe
Growing order book resulted in a 42 per cent uplift in H1 2021
- The company has added eight new distribution partners across 12 countries in Europe
- Growing order book resulted in a 42 per cent uplift in H1 2021
Business
Gulf Air to start flights to Tel Aviv
The airline will operate two weekly flights from September 30
- The announcement follows the signing of political, commercial and civil aviation agreements between Bahrain and Israel
- The airline will operate two weekly flights from September 30
Business
Etihad to fly to Saudi again
In a statement to Arabian Business, the carrier confirmed that passenger flights would recommence between Abu Dhabi and Saudi Arabia...
- In a statement to Arabian Business, the carrier confirmed that passenger flights would recommence between Abu Dhabi and Saudi Arabia from Saturday
- The move comes after the kingdom relaxed its travel regulations this week, with the UAE, South Africa and Argentina all removed from its ‘red list’ of destinations
Business
Jazeera Paints to offer ‘cold plastic’ paint
Centrecoat Methyl Methacrylate (MMA) is recommended for marking traffic signs and signals on public and private roads as well as...
- Centrecoat Methyl Methacrylate (MMA) is recommended for marking traffic signs and signals on public and private roads as well as parking areas
- The product is known for its resistance to friction, UV rays, and other environmental stressors
Abu Dhabi’s Yahsat to use SpaceX for its satellite launch
Yahsat, the Abu Dhabi’s satellite company, has picked up SpaceX to launch its next generation Thuraya communications satellite in the...
- Next Gen satellite to be launched in 2023
- SpaceX’s Falcon 9 was selected primarily due to its high reliability and advanced capabilities
Economy
Lebanon finally launches cash subsidy cards
Lebanon’s caretaker minister of social affairs announced the cash cards on Thursday, saying they would benefit 500,000 families.
- The total cash payments to be made amount to $556 million
- The figure was approved by the authorities in June
Emirates to restart flights to Saudi Arabia and St. Petersburg
Emirates will restart flights to Saudi Arabia and St. Petersburg in Russia with demand for travel rising as the Covid...
- Saudi Arabia has recently lifted the travel ban on UAE and allowed its citizens to travel to the emirates starting September 8
- From October 8, flights between Dubai and St. Petersburg will operate four times a week, with services expected to increase to daily from October 21
Dubai unveils Expo 2020 ‘passport’ for visitors
Visitors to Dubai’s Expo 2020 will be required to buy a 50-page booklet, passport, that would keep tabs of an...
- Booklet to keep a record of pavilion visits during entire 6-month event
- It is available for purchase at 20 dirhams ($5.45) from all Expo 2020 Dubai stores spread across the site
Egypt’s inflation leaps up to 5.7 percent in August
Egypt's annual urban consumer price inflation rose to 5.7 percent in August, up from 5.4 percent in July, official statistics...
- Egypt's annual urban consumer price inflation rose to 5.7 percent in August
- Food inflation was the key driver jumping from 4.9 percent y/y in July to 6.6 percent y/y in August, the highest for two years
Company News
SAMI, Lockheed Martin sign pact
Business
Latest News
Four Saudi universities among top 100 international universities
King Abdulaziz University achieved 4th place globally with 187 patents in one year.
UN says Iran can make a nuclear bomb in three weeks
The UN atomic watchdog has warned Iran has enough enriched uranium to make a bomb in three weeks and that...
Business
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Market Report
UAE stocks gain US$3bn in Wednesday trade
Abu Dhabi index (FTFADGI) rose 0.566 percent to 9,717.380 pts, with conglomerate International Holding Company (IHC.AD) closing high at AED...
- Abu Dhabi index (FTFADGI) rose 0.566 percent to 9,717.380 pts, with conglomerate International Holding Company (IHC.AD) closing high at AED 350
- Among other stocks, the Emirates NBD and Mashreq Bank increased 1.92 percent, and 1.270 percent to AED13.250 and AED80.00 respectively
Economy
Oil and gas sector fuels demand for industrial space in Dubai
Ecommerce operators, who have seen an acceleration in activity post the onset of the pandemic, have further expanded their operations.
- Ecommerce operators, who have seen an acceleration in activity post the onset of the pandemic, have further expanded their operations
- Demand during H1 2022 was primarily concentrated across traditional hotspots such as Dubai South, JAFZA and National Industries Park
Business
Khalifa Fund to launch e-commerce program for entrepreneurs
Abu Dhabi, UAE-- Khalifa Fund for Enterprise Development has officially announced the launch of the E-Commerce Acceleration Programme, a training...
- The programme aims to help deliver results that impact the entrepreneur's bottom line, generate profit, expand their brand's exposure and improve customer engagement.
- The five-day training will take place on the 21st, 22nd, 28th, 29th September, and 4th October.