Qatar provides maritime radio station licensing for small ships in Al Khor, Al Ruwais cities  Â
DOHA, QATAR -Â The Communications Regulatory Authority (CRA) has announced the provision of maritime radio station licensing services for small...
Business
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...
Geostrategy
Business
Lebanon taps Dubai’s ENOC for fuel swap
Lebanon is expected to use ENOC’s fuel to generate electricity, as the Iraqi oil is deemed unsuitable for the process.
- As part of the deal, Lebanon will give ENOC 84,000 tons of Iraqi high-sulfur fuel oil
- In return, the country will receive 30,000 tons of Grade B fuel oil and 33,000 tons of gasoil
Economy
Israel gives hospitals $31 million to end partial strike
Finance Minister Avigdor Liberman said the Treasury had transferred the amount to the public hospitals.
- Staff and administrators at these hospitals have been protesting against the government’s failure to provide adequate healthcare funding
- Since Wednesday morning, several public hospitals in Jerusalem have not been admitting patients from brought by the emergency services
Iran steel production rises 10% in 2021
The country has kept its position as the 10th largest producer of steel in the world this year.
- The performance of some leading Iranian steel companies indicates they exported 916,236 tons of steel in June
- This which indicates a growth of 104 percent compared to June 2020
Business
$1.68 billion weeklong realty deals recorded in Dubai
DUBAI: Real estate and property transactions worth AED 6.2 billion were recorded in Dubai during the week ending Thursday. Dubai...
- The most expensive plot of land sold for AED33 million in Hadaeq Sheikh Mohammed Bin Rashid.
- Jabal Ali First recorded the most transactions for this week by 75 sales transactions worth AED315 million.
Arts & Culture
Saudi women drive public taxis for the first time
Local media showed women picking up customers in the Al-Ahsa governorate.
- Some of the customers booked rides to GCC countries in the neighborhood.
- Saudi Arabia had lifted the ban on women driving in June 2018.
Business
Majid Al Futtaim secures $1.5bn SLL
Women to form 30 percent of board members under agreement.
- The revolving credit facility is the largest in the MENA region.
- Company also plans to have all its malls certified LEED Gold or better.
Business
Qatar gets first batch of Boeing F-15 fighter jets
They were produced by the United States and Boeing in partnership with Qatar itself.
- The rollout took place on Wednesday in a ceremony at Boeing’s headquarters in the US state of Missouri
- Qatar’s Minister of State for Defense Affairs Khalid bin Mohamed Al Attiyah was in attendance
Business
Saudi Arabia taps Alibaba to help Chinese tourists
Alibaba Cloud is expected to help promote Saudi Arabia as a tourist destination to travelers in the Chinese market.
- The deal establishes the framework for a collaborative arrangement for Chinese tourists traveling to Saudi Arabia
- The agreement is part of Saudi Arabia’s strategy to employ the latest technology to deliver seamless traveler experiences
Equate revenue surges 43% in H1
It saw $2.04 billion revenue in the first half of 2021.
- The group reported a net income after tax of $543 million and EBITDA of $869 million in H1 2021
- It has reported $124 million net income after tax and $409 million EBITDA during the same period last year
ACME ammonia plant in Oman
The plant will cost of $3.5 billion and be built in three years.
- The plant will be an integrated facility using 3 GWp of solar and 0.5 GWp of wind energy
- This will be used to produce 2,400 TPD of green ammonia with an annual production of 0.9 million tons
Qatar provides maritime radio station licensing for small ships in Al Khor, Al Ruwais cities  Â
DOHA, QATAR -Â The Communications Regulatory Authority (CRA) has announced the provision of maritime radio station licensing services for small...
Business
Company News
Latest News
Number of UAE bank employees surged to 34,330 in H1 2022: CBUAE
In its June 2022 report, CBUAE noted that the number of employees in the country’s banking sector increased to 34,332...
Economy
Market cap of Egypt’s bourse vaults by US$2.7bn in August
In spite of monetary policy tightening, Egypt has seen the market capitalization of its stock exchange vault by $2.7 billion...
Business
World food prices drop for fifth consecutive month: FAO
The latest Food Price Index shows that the prices of five commodities - cereals, vegetable oil, dairy, meat and sugar...
Economy
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Business
Aldar acquires Spark Security
Spark Security Services employs over 5,000 security professionals.
- Aldar said the all-cash $34m acquisition strengthens its property and integrated facilities management platform to deliver a broader offering to customers.
- Spark serves major organisations operating in a wide range of sectors, including infrastructure, banking, healthcare and hospitality.
Geostrategy
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...
- The Jordanian PM reiterated to the Kuwaiti minister the two countries’ shared views on Arab, regional and international issues.
- The Kuwaiti Minister is in Jordan to attend the 21st Amman International Book Fair.
Science
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...
- DEWA's robotic carrier can transport glass panels or sensitive materials that require close care.
- The robotic carrier can lift solar photovoltaic panels easily from any surface.