DEWA extended 64km water transmission pipelines in 2022
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) extended water transmission pipelines of 64 kilometers lengths in several areas...
Business
DIFC forum to focus on optimizing treasury operations
Dubai, UAE - Standard Chartered will partner with the Dubai International Financial Centre (DIFC) in hosting the DIFC Treasury Leadership...
Business
Science
Yemen receives first shipment of J&J Covid vaccine
Yemen is desperately short of Covid vaccines to inoculate its population, with as little as one percent of its population...
- This shipment is the first batch of a total of 504,000 doses
- Roughly one percent of the population is vaccinated
EGA sees $473m profit in H1
This was the company’s strongest H1 financial performance ever.
- EGA supplied some 442 customers in 57 countries with metal in the first half of 2021
- In the UAE, the company supplied 140,000 tons of metal to local customers
Economy
Saudi net foreign assets dip by $4.4bn in July
Saudi Central Bank’s (SAMA) net foreign assets suffered a $4.4 billion drop in July, SAMA data showed on Sunday.
- Investments in foreign securities edge higher
- A country’s net foreign assets are a vital indicator of its economic health and a measure of its ability to support its currency’s peg to the dollar..
Business
Jeddah asks traders to stick up QR code on shop fronts
Aiming to improve the quality of services and goods provided to Jeddah resident, the Municipality has called on businesses to...
- “The mandatory service is part of the modern services launched by the Ministry of Municipal, Rural Affairs and Housing through the ‘Balady’ platform”
- the QR code aims to improve the quality of services and goods provided to Jeddah residents by promoting effective digital communication
Economy
Saudi exports leap up 40 percent to $6.2bn in June
Saudi non-oil exports recorded a 40 percent jump, the highest-ever monthly level, in June 2021, touching $6.2 billion.
- Exports in June went up by 40 percent from a year ago
- According to the Saudi Export Development Authority (Saudi Exports) the number in June includes exports of products worth SR21 billion
Geostrategy
Former housing minister Iran’s new atomic energy chief
Mohammad Eslami, who previously served as housing and transport minister, replaces the country’s most prominent nuclear scientist Ali Akbar Salehi
- Eslami, a US-trained engineer, has no expertise in the field.
- Salehi had played a crucial role in the nuclear deal diplomacy.
Tabreed ups cooling-scheme stake
The exclusive scheme supplies Al Maryah Island in Abu Dhabi.
- The acquisition is from joint venture partner Mubadala Infrastructure Partners
- The deal brings ownership of Tabreed in the scheme to 100 percent
Science
Abu Dhabi directs residents to take Covid booster shots
Residents of Abu Dhabi have been directed to take a booster shot of the Sinopharm Covid vaccine by September 20,...
- The booster dose must be taken to enhance immunity and comply with approved health protocol
- Those who don’t receive the third jab will lose their green status on the UAE’s Al-Hosn App
Business
Demand for lithium boosts Tianqi’s net profit
In a boost to China's Tianqi Lithium Corp, one of the world's top lithium producers, it posted its first net...
- China's Tianqi Lithium Corp posted its first net profit in two years on Sunday
- net income was 85.8 million yuan ($13.3 million) for the first half of 2021
Business
Al Seer Marine of IHC lists on ADX
The subsidiary of the International Holding Company has been listed under the ticker ASM.
- Al Seer Marine, which builds and operates vessels and manages yachts, has total assets of 3.98 billion dirhams ($1 billion)
- Al Seer Marine is the sixth IHC Group company to list on the ADX, following the successful listings of Palm Sports, Easylease, Zee Stores, Emirates Stallion Group
Most Read
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
DEWA extended 64km water transmission pipelines in 2022
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) extended water transmission pipelines of 64 kilometers lengths in several areas...
Business
Company News
Latest News
Aldar acquires Spark Security
Spark Security Services employs over 5,000 security professionals.
Business
Jordan PM refers to shared views in meeting with Kuwaiti minister
Prime Minister of Jordan Dr. Bisher Khasawneh met Kuwaiti Minister of Information and Culture Abdul Rahman Al-Mutairi, who is in...
Geostrategy
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Business
Dubai records weeklong real estate transactions worth $2 billion
Dubai, UAE--Dubai's real estate market recorded a total of 2.593 transactions worth AED7.4 billion ($2 billion) during the week ending...
- The statistics showed that 320 plots were sold for AED1.75 billion, and 1,720 apartments and villas were sold for AED3.55 billion.
- The top three transactions were land in Saih Shuaib 3 that was sold for AED168 million, land for AED115 million in Island 2, and land sold for AED78 million Saih Shuaib 4.
Business
UAE Innovates Month: 19 Dubai Customs innovations win awards
Dubai, UAE--The number of innovations at Dubai Customs have been significantly increasing, as shown by the department's Innovation League, which...
- Nineteen of the innovations won team awards, three at the department level and one champion of the Innovation League.
- Innovation League is Innovation Centre's leading initiative to stimulate and encourage competition between departments and employees to develop more innovations.
Geostrategy
UAE, India FMs stress close ties at Joint Committee meeting
The UAE top diplomat said that the ongoing dialogue between the two countries has led to the launch of the...
- The UAE top diplomat said that the ongoing dialogue between the two countries has led to the launch of the CSP in 2017, and the signing of the CEPA in 2022.
- Sheikh Abdullah noted that the UAE is the second largest destination and source for Indian exports and imports