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
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...
Geostrategy
Business
Now airplanes probe earth for mineral wealth
Saudi Arabia has begun to obtain ‘high-resolution’ geological data spread over 600,000 square kilometers in the kingdom, enabling it to...
- He also said that the Kingdom is one of the richest countries in the world in terms of mineral resources with an estimated value of SR5 trillion ($1.3 trillion)
- It will also attract investments in the mining sector to achieve the goals of Saudi Arabia’s Vision 2030
Business
Saudi IT sector eyes boom, likely to touch $27bn by 2025
The Information technology (IT) sector in Saudi Arabia will witness a big boom, with the market expected to touch $27...
- IoT market size is expected to grow at a compound annual rate of 26%
- Cloud services are expected to make up to 30 percent of the total ICT spend in the Kingdom by 2030
Business
Iran to set up real-estate stock exchange in H2
When established, it is expected to be Iran’s fifth major stock exchange.
- It will be under the purview of the Iran Mercantile Exchange or IME
- Such an exchange is expected to provide housing units for the underprivileged
Business
Saudi Arabia lifts ban on entry of foreigners
Saudi Arabia has lifted the ban on the entry of foreigners from 20 countries, six months after the kingdom declared...
- The Ministry of Foreign Affairs’ agency for consular affairs said the decision only applied to expats who were fully vaccinated in Saudi Arabia before they departed for their home
- Expats wanting to return to the Kingdom should undergo all health measures to ensure they were free from infection, the agency added
Business
IFC pours $10.4bn in private sector in MENA
During the current financial year, the International Finance Corporation (IFC), a member of the World Bank group, provided financing worth...
- IFC's financing included $2.9 billion in short-term finance and $4.2 billion in mobilization
- The funds helped small businesses access finance, connect people and businesses to reliable digital infrastructure, trade and services
Business
Chabahar port becomes permanent member of World FZO
The World FZO is a non-governmental, non-profit entity based in Dubai in the United Arab Emirates.
- Chabahar is Iran's only oceanic port on the Gulf of Oman
- It can from now on participate in the decisions and events of the World FZO
Economy
All projects under Saudi Vision 2030 ‘colossal’
The number and value of mega projects set to transform the country’s real estate landscape and showcase the kingdom’s vision...
- Nearly $300bn of the total spends dedicated to new infrastructure, according to consultancy firm Knight Frank.
- Inquiries for development consultancy and development management services have increased over the last six to 12 months.
Geostrategy
Confusion over Ukraine jet ‘hijacking’ in Kabul
Ukraine’s deputy foreign minister Yevgeny Yenin told the independent Hromadske radio station that a Ukrainian plane had been "hijacked" in...
- Ukraine spokesman Oleg Nikolenko said no Ukrainian planes hijacked in Kabul or elsewhere.
- Three planes Kiev chartered to evacuate its citizens from Afghanistan safely returned to the country.
Business
ADNOC L&S acquires line boats
Boats used for marine services at Abu Dhabi petroleum ports.
- All six vessels contracted from Sharjah-based Albwardy Damen.
- ADNOC L&S says it is in the midst of strategic expansion program.
Algeria severs diplomatic ties with Morocco
Algeria blamed the Moroccan support for one of the groups which seeks autonomy in Algeria's Kabylie region
- Algeria blamed the Moroccan support for one of the groups which seeks autonomy in Algeria's Kabylie region
- Historically, the relations between North African neighbours have been strained
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
Company News
GFH acquires housing portfolio
Business
Reforms crucial to revive pandemic-hit culture sector
Arts & Culture
Latest News
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
Most Read
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:Â 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.