Mubadala invests $200m in Bicycle Capital
Bicycle Capital is a growth equity firm focusing on startups.
Business
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...
Business
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
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
Mubadala invests $200m in Bicycle Capital
Bicycle Capital is a growth equity firm focusing on startups.
Business
Company News
Gulf countries witness dip in unemployment rates
Infographics
Latest News
Bahrain launches multi-entry e-visa for training purposes
Bahrain has launched a multi-entry e-visa for training purposes, allowing a holder to stay in the kingdom for six months.
Economy
Saudi import of plastic products climbs 18% to 456,000 tons
The import of plastic products into Saudi Arabia has shot up 18 percent to 456,000 tons in the second quarter...
Business
Most Read
Economy
Broad money supply in Qatar reaches US$185.4bn in July
Social Security statements reached QR 78 million in July 2022, for 14,495 beneficiaries, recording a monthly decrease of 0.2% for...
- General index of the Qatar Stock Exchange increased in July 2022 at a monthly rate of 9.7% compared to June 2022.
- Cash equivalents; including Commercial Bank Deposits, attained for approx. QR 965 billion ($265bn) during July 2022.
Economy
Clean energy is key for Indonesian economy, says IEA
Indonesia has a viable path to reaching its target of net zero emissions by 2060, bringing major benefits to its...
- Key policy reforms and international support will be crucial to the success of the clean energy transition in the world’s fourth most populous country.
- The clean energy transition offers huge opportunities for the next chapter of Indonesia’s development as it seeks to become an advanced economy by 2045.
Geostrategy
UAE keen to work with global partners to address energy issues
A senior UAE official at the Ministry of Energy and Infrastructure said that his country is committed to collaborating with...
- The UAE is at the forefront in efforts of energy diversification and adoption of sustainability-driven technology to achieve climate neutrality.
- During the G20 Energy Transitions Ministerial Meeting, G20 Energy Ministers and major international energy organizations discussed key issues facing the sector.