MoIAT inks MoU with MEXT to implement industrial transformation Index
ABU DHABI, UAE - The Ministry of Industry and Advanced Technology (MoIAT) and MEXT signed a memorandum of understanding (MoU)...
Business
UAE energy ministry announces Global EV Market transformational project
DUBAI, UAE - UAE Minister of Energy and Infrastructure Suhail bin Mohammed Al Mazrouei on Tuesday announced the launch of...
Business
Business
Saudi Arabia and Oman pledge to boost trade ties
Saudi Arabia and Oman have pledged to boost trade and economic ties between the two countries, months after the two...
- Saudi Arabia's Investment Minister Khalid al-Falih was visiting Oman on Sunday to discuss opportunities in both Gulf countries
- Saudi Arabia is in the midst of an ambitious economic development plan to wean the economy off oil, while Oman last year introduced measures to boost its finances
Business
Fintech creams off most in $2.1bn funding
The fintech sector has attracted nearly 30 percent of all the funding raised during the year, with one in four...
- Fintech stood out above other sectors on funding volume and value
- RedSeer said financial free zones such as the Abu Dhabi Global Market and the Dubai International Financial Center have contributed to this growth
Business
All fully vaccinated tourists can travel to UAE
Tourists will have to do a mandatory RTPCR test on arrival, according to the National Emergency Crisis and Disasters Management...
- Tourists from the countries from which entry was previously banned also eligible for visas.
- Facilities available to vaccinated UAE residents can be availed by tourists also.
Business
AmCham Bahrain elects new board
Qays Zu’bi has been re-elected the president for two-year term.
- The new board is AmCham’s most diverse and representative since its formation in 2005.
- 40 percent of the Board’s seats are held by women.
Business
TROX re-joins Eurovent Middle East
The company has been active in Middle East for the past 50 years.
- The company said rejoining the association meant it was renewing commitment to joint industry initiatives.
- Calls the industry to reinforce its focus on technical regulations and standards.
Geostrategy
US warns of another ‘specific’ threat near Kabul airport
The United States urged its citizens to leave the area, days after a deadly attack on crowds fleeing Taliban rule...
- Similar warnings were issued before Aug. 26 bombing claimed by ISIS, in which dozens of Afghan civilians and 13 American troops were killed.
- The South (Airport Circle) gate, the new Ministry of the Interior and the gate near the Panshir Petrol station could be the targets this time.
Business
Philippines-UAE trade rose 32% in first 5 months of 2021
Total trade between the Philippines and UAE already crossed Dh1.3 billion from January to May 2021
- Total trade between the Philippines and UAE already crossed Dh1.3 billion from January to May 2021
- With more than 190 countries converging in the Expo, the Philippines aims to showcase the very best of its culture, heritage, and technology
Economy
Saxo Bank reveals a 200% spike in UAE female investors
Women now make up almost 12 percent of Saxo Bank’s active clients for the market
- Women now make up almost 12 percent of Saxo Bank’s active clients
- Increase over the past year aligns with UAE's Women Empowerment Initiatives
Business
Sharjah’s Sewa delivers gas to Kalba, Khorfakkan
Sharjah Electricity, Water and Gas Authority (Sewa) has completed the delivery of natural gas to 112 housing projects in the...
- Sharjah Electricity, Water and Gas Authority has been implemented by Sewa's Natural Gas Office in the Eastern Region
- Along with this gas project the Sewa unit has also completed the first phase of 22-m-long Al Haray area in the city of Khorfakkan
Geostrategy
Lebanese delegation to seek help from Syria, Jordan, Egypt
The delegation will discuss the possibility of receiving electricity from Jordan and gas from Egypt through Syrian territories.
- The delegation will include four ministers with different portfolios and some top officials from the Energy Ministry
- The date of the visit has reportedly not been set yet, but it is expected to happen very soon
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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
MoIAT inks MoU with MEXT to implement industrial transformation Index
ABU DHABI, UAE - The Ministry of Industry and Advanced Technology (MoIAT) and MEXT signed a memorandum of understanding (MoU)...
Business
Company News
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DEWA’s R&D Center registers patent for robotic carrier
Dubai Electricity and Water Authority (DEWA) 's Research and Development (R&D) Center has registered its sixth patent for a user-friendly...
Science
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...
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...
Business
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Economy
Saudi Arabia eases visa rules for GCC, US, UK, EU residents
The regulations came into effect after the minister of tourism Ahmed Al-Khateeb signed on a ministerial decree, making it easier...
- The regulations came into effect after the minister of tourism Ahmed Al-Khateeb signed on a ministerial decree, making it easier to visit the oil-rich kingdom
- The ministerial decree removes the requirement of many would-be visitors to attend their country's embassy before entering Saudi Arabia
Business
Work begins on world’s first model of green steam cracking unit
Riyadh, Saudi Arabia--SABIC, BASF and Linde have begun work on the construction of the world's first model of an electrically...
- The new technology relies on the use of electricity from renewable sources instead of natural gas, which can reduce carbon emissions of the process by 90 percent.
- The fully electric heating unit will be integrated into one of the existing steam crackers at BASF's Verbund site in Ludwigshafen, Germany.
Business
ADNOC’s first shipment of low-carbon ammonia leaves for Germany
Abu Dhabi, UAE: Abu Dhabi National Oil Company (ADNOC) announced on Thursday that its first shipment of low-carbon ammonia has...
- The demonstration cargo will be delivered to Aurubis, a leading global provider of non-ferrous metals and one of the largest copper recyclers worldwide.
- Aurubis plans to utilise the low-carbon ammonia as a feedstock in its wire rod plant, testing its application as an additional, lower-carbon energy source for industrial use.