SEWA, US delegation explore collaboration in innovation, sustainability
Sharjah, UAE - Abdullah Abdul Rahman Al Shamsi, Director-General of SEWA Sunday discussed the authority's initiatives to reduce emissions and...
Geostrategy
UAE, Peru sign air services agreement to promote bilateral trade
Lima, Peru - The UAE and Peru signed an air services agreement for cooperation between the two countries and promote...
Business
Business
Eltizam Group buys Inspire Integrated for $10m
Continuing with its expansion strategy, Eltizam Asset Management Group, a subsidiary of the Abu-Dhabi based International Holding Company, acquired Inspire...
- Acquisition part of ltizam Asset Management's expansion strategy
- Inspire Integrated, which will continue to operate under the same name, specializes in infrastructure and real estate solutions
Research
Saudis count the cost of technology overuse
As the use of the modern technology deepens in Saudi Arabia, its adverse effects are being felt across the gender...
- Ithra program sounds alarm on sleep loss amid warnings of tech overuse
- The initiative comes as digital overuse and screen addiction are blamed for problems ranging from behavioral disorders in children to insomnia in adults
Business
UAE-led consortium gets $250m for gas plant in deal with DFC
The consortium, called Pearl Petroleum Company Limited, is led by Dana Gas and Crescent Petroleum, both of which are from...
- Pearl Petroleum’s financing from DFC is expected to boost its work at the Khor Mor gas plant in the Kurdistan Region of Iraq
- Proceeds from the seven-year financing are expected to support an increase in gas production capacity at the plant by 50 percent
Science
Aramco to partner with Aveva for sustainability
Aramco, with this partnership, will focus on driving sustainability in the region through digital transformation.
- The partnership will help Aveva establish its largest digital hub, with R&D capability, in the Middle East
- It will also enrich Saudi Arabia’s knowledge economy by incorporating research from prominent universities across the kingdom
Empower cools Uptown tower
Empower is servicing 3,850 RT at the skyscraper.
- DMCC was keen to build the Uptown project according to the Leadership in Energy and Environmental Design gold standards
- As a result, it is now supplied with environmentally friendly cooling services of sustainable global standards
Economy
Iran spends $620m to mechanize agriculture
That amount reportedly equals 87 percent of the total budget allocated to a credit line for agricultural mechanization.
- The money has been used to supply agricultural machinery, tools, and equipment
- These have been supplied in fields like horticulture, livestock, poultry, and aquaculture
Bahrain’s digital transactions touch $3.62bn in H1
Bahrain’s central bank has revealed that cashless transactions in the country has surged 50 percent to $744 million in August, after...
- The total number of payments made online and through point-of-sale (POS) machines reached 11.3 million during the month
- The first half of the year saw a total of 53 million cashless payments valued at $3.62 billion, posting a 45.6 percent growth rate
Business
Aramex creates two business arms
Company also creates regional structures, each headed by a VP.
- While Aramex Express will handle the business-to-consumer (B2C) operations, the Aramex Logistics will serve the business-to-business (B2B) segment.
- Each region in new structure will be led by a regional vice-president.
Demand for food in GCC to shoot up by 2025
Demand for food in the Gulf Cooperation Council (GCC) will reach 52.4 million metric tons (MT) by 2025, up from...
- The UAE and Saudi Arabia account for 75 percent of the GCC’s food consumption and demand for specific sectors is growing
- GCC governments have also been investing across international farmlands in Ethiopia, Madagascar, Mali, Serbia, Sudan, Zambia, Tanzania to establish strong trade relations and incre
ADQ to list Abu Dhabi Ports on ADX
ADQ, one of the largest holding companies, has announced its plan to list Abu Dhabi Ports Company on the Abu...
- The listing on the ADX is expected to comprise a sale of a portion of existing shares to investors in the UAE
- For the year ended 31 December 2020, Abu Dhabi Ports reported revenues of AED 3.4 billion, a growth of AED 0.7 billion (c. 24%) compared to 2019 despite the COVID-19 impact
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SEWA, US delegation explore collaboration in innovation, sustainability
Sharjah, UAE - Abdullah Abdul Rahman Al Shamsi, Director-General of SEWA Sunday discussed the authority's initiatives to reduce emissions and...
Geostrategy
Company News
Latest News
Saudi Arabia appoints new crypto chief to further its digital program
The kingdom is the largest economy in the Middle East, making it a key market for any firm operating in...
Business
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...
Economy
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...
Videos
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Economy
Green hydrogen production in UAE to touch 5.7m tonnes in 2030
Innovative technologies to produce green hydrogen using clean and renewable energy are witnessing rapid developments and studies indicate that green...
- The UAE aims to acquire 25 percent of the low-carbon hydrogen market which is expected to reach more than $400 billion.
- The production of green hydrogen is mainly carried out through electrolysis using renewable energy sources.
Business
Saudi rebate program discussed at Venice festival
A seminar organized at the film festival discussed the kingdom's cash rebate program, which is aimed at attracting international producers...
- The officials said there is a high level of coordination between government agencies and the private sector to build the film industry.
- Last May, the Commission launched a cash rebate program to support films with up to 40 percent of the financial refund.
Economy
Saudi Arabian government body launches strategy 2022-2025
The National Center for Government Resources Systems (NCGR) launched its comprehensive strategy (2022-2025).
- The strategy is based on four main pillars which include raising the efficiency and effectiveness of the government in managing its resources.
- It also involves maximizing benefit of NCGR's resources, superiority in providing and using data to support decision-making, excellence in risk management.