Masar signs $82m land deal

Agreements signed with Abdulmohsin Al Rossais & Sons Group.

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Qatar provides maritime radio station licensing for small ships in Al Khor, Al Ruwais cities   

DOHA, QATAR -  The Communications Regulatory Authority (CRA) has announced the provision of maritime radio station licensing services for small...
  • Qatar's Communications Regulatory Authority aims to process the requests of a large segment of the residents of the northern cities of the country.
  • These services will facilitate the completion of their applications related to maritime radio station licensing for small ships.

ECI, KazakhExport ink MoU

Aim is to enhance trade between the UAE and Kazakhstan.
  • The MoU is in line with the We the UAE 2031 vision aimed at strengthening bilateral economic relations between the two countries.
  • The aim is to enhance economic ties in renewable energy, waste management, between the UAE and Kazakhstan.

Initiative by Digital Economy Chamber to help firms set up in Dubai

DUBAI,  UAE -  Dubai Chamber of Digital Economy, one of the three chambers operating under Dubai Chambers, has announced a...
  • The initiative will provide a comprehensive package of services designed to support tech, digital startups, SMEs, and MNCs.
  • The chamber’s strategy (2022– 2024) is focused on improving the digital business environment, developing support for digital firms.

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...
  • Sabaa Sanabel wheat flour has met the highest quality and safety standards in force in the UAE, boosting its competitiveness in the market.
  • Sabaa Sanabel has obtained five accredited certificates in quality and safety as it does not contain anything that changes its nutritional value.

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...
  • The two discussed the authority's initiatives to reduce carbon emissions and combat climate change and its vision for the upcoming COP28 conference.
  • They also explored potential collaborations between the authority and American companies in innovation and sustainable development.

UAE, Turkish presidents discuss bilateral, economic relations in Istanbul

ISTANBUL, TURKEY - UAE President Sheikh Mohamed bin Zayed Al Nahyan  arrived here on Saturday for a working visit and...
  • The UAE and Turkish presidents discussed their shared interest in advancing sustainable economic growth and social development.
  • Both the leaders applauded the recent progress witnessed in UAE- Turkey relations and discussed the benefits of CEPA.

SPC Free Zone to provide licenses within 45 minutes

SHARJAH, UAE - Sharjah Publishing City Free Zone (SPC Free Zone) has announced an expedited business setup process, allowing businesses...
  • SPC Free Zone has also unveiled a limited-time package aimed at reducing business licensing and set-up costs.
  • It empowers smaller businesses and aspiring entrepreneurs to establish or expand their operations in the emirate.

UAE convenes Security Council meet, urges UN, League of Arab States to cooperate

NEW YORK,  US - Minister of State Khalifa Shaheen Al Marar chaired the first signature event of the UAE’s United...
  • UAE called on UN and League of Arab States to work jointly on combating terrorism, preventing conflicts by championing the values of tolerance.
  • The UAE would support the work of the Security Council in reaching decisions that contribute to resolving Arab and international issues.

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...
  • This would be the first such manufacturing facility in the Middle East and is expected to be operational towards the end of 2024.
  • By partnering with Tubacex Group, KEZAD aims to further increase the localization and resilience of supply chains.

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...
  • UAE investments in Peru over the last five years exceeded US$700 million, while intra-trade reached US$4.4 billion in the same period.
  • UAE official said the deal will contribute to the growth of trade exchange in a manner that supports development in both the countries.

Tech leaders unite to propel future-critical sectors at GITEX GLOBAL 2025

Dubai, UAE: With capabilities of AI advancing every year, its potential to address challenges once thought unsolvable is rapidly expanding,...

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Trump Tower agreement announced in Jeddah following luxury hotel deal in Oman

A Trump Tower is coming to Saudi Arabia, a regional developer announced on Monday, Al Monitor reported. Dar Global and...

Killer heat wave sweeps the globe, hundreds perish

A punishing heat dome continues to intensify over the northeastern United States, scores of record-high temperatures were matched or broken...

Chinese electric car company Nio to enter UAE this year

Chinese electric car company Nio plans to expand to the Middle East this year, CEO William Li said on an...

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Exhibition of art and poetry in Dubai celebrates women

Featuring the work of international women artists, "La Belleza" celebrates the deep connection between art and poetry.
  • “La Belleza,” which translates to "The Beauty," reflects the central theme of the exhibition
  • At the core of "La Belleza" is a commitment to supporting and promoting women artists

The Middle East fastest growing Real-Time Payments market globally

For the second consecutive year, the Middle East is the fastest-growing real-time payments market globally, according to the 2024 Prime...
  • The region saw a remarkable YoY growth of 33.6% in 2023 with 855 million real-time payment transactions
  • Transaction value in the Middle East is projected to rise from US$230 billion in 2023 to US$903 billion by 2028

Saudi Arabia inaugurates its second “House of Culture”

As part of the “Quality of Life” program, these houses aim to upgrade cultural infrastructure and boost Saudi engagement in...
  • Each “House of Culture” in the Kingdom has a strategic plan for sustainability and activation
  • These cultural houses feature various sections, including learning areas, a kids’ theater, a main stage, and reading spaces