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...
Business
Jewels of Emirates continues to attract visitors on third day
SHARJAH, UAE- The fourth edition of Jewels of Emirates Show at the Expo Center Sharjah has so far seen record...
Business
Business
Facebook to offer business loans in India
Facebook has announced that it will join hands with an online Indian lending firm to help provide loans to small...
- The social media giant is joining hands with Indifi to help provide loans ranging from 500,000 rupees to 5,000,000 rupees ($6,719-$67,191) at annual interest rates of up to 20%
- Facebook said it would pay off to bolster the small business economy in India as these companies will use its apps including Instagram and WhatsApp to boost their growth
Business
Emirates to increase salaries of employees
Emirates has announced that from October 1 it will undo all changes to employee pay structure that it undertook to...
- The new changes will take effect from October 1
- ""We will better recognize our internal talent by increasing the salary increment opportunity on promotion for core grades"
Business
Saudi Arabia to improve labor quality
Saudi Arabia will start giving out professional licenses from next year in order to improve the quality of its domestic...
- The Ministry of Municipal and Rural Affairs and Housing for regulating city operators will start the first phase of issuing professional licenses for 16 professions
- The major professions for which the ministry is seeking to introduce mandatory professional license in a phased manner consist of technicians, construction workers
Economy
Saudi Arabia looks to boost exports
Saudi Arabia will resume negotiations with 11 countries for free trade agreements meant to increase non-oil exports share in GDP.
- Saudi Arabia is looking for more trading partners under free trade agreements as the country aims at increasing non-oil exports share in GDP
- The kingdom is resuming negotiations for free trade agreements with 11 countries, Okaz paper reported
Science
Some baby bats babble like human infants
The babbling of 20 baby bats was recorded in Costa Rica and Panama between 2015 and 2016 by a researcher...
- Saccopteryx bilineata don’t hide away in gloomy caves, but prefer to live in trees, making them easier to observe.
- One bat babbled for a full 43 minutes, a long stretch considering adult communication generally lasts but a few seconds.
Office 365 prices to go up from 2022
The prices would apply globally with adjustments for certain regions.
- There are no changes to pricing for education and consumer products of Microsoft at this time
- Microsoft is also rolling out unlimited dial-in capabilities for Microsoft Teams meetings across all suites in the next few months
Business
Abu Dhabi updates Covid-19 travel list of ‘green’ countries
Travelers from these countries need not quarantine on arrival in Abu Dhabi.
- Travelers from these countries need not quarantine on arrival in Abu Dhabi.
- The list is effective from 12am (UAE time) Friday and subject to change based on global Covid-19 developments.
Geostrategy
Qatar to give $10m per month to Gaza families in aid
Each of about 100,000 needy families in the governorates of the Gaza Strip would receive $100 per month in cash.
- Qatar will transfer the aid funds before the end of August
- The distribution of these funds will start in the month of September
Geostrategy
US to help Lebanon procure electricity
Lebanon has been struggling with fuel shortages for a couple of months, which has led to protracted power outages.
- The economic crisis in Lebanon is so dire that the World Bank has said it is among the 10 worst of its kind since the mid-1800s.
- The global body also said the crisis could be among the top three in the world if it was not addressed immediately
Geostrategy
Iran, China to discuss ways to expand cooperation
Iranian President Raisi told Chinese counterpart Xi Jinping his government would prioritize the expansion of bilateral relations.
- Iran has bought 1 million doses of the Covid-19 vaccine from China, whose export it asked to be expedited
- Chinese Premier Xi Jinping said his country would put in the maximum effort to help Iran receive the vaccines
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...
Business
Company News
Latest News
Realty, banking blue chips continue to power UAE markets
Among other stocks, Emirates NBD, DEWA, and TECOM increased 0.74 percent, 0.77 percent and 1.25 percent respectively.
Economy
Sharjah Chamber set to organise ‘Al Maleh and Fishing’ Festival
The Sharjah Chamber of Commerce and Industry (SCCI) has announced it will be organizing "Al Maleh and Fishing" Festival in...
Arts & Culture
Saudi bank loans to public and private sectors grow 14% by July end
Riyadh, Saudi Arabia - Saudi bank loans granted to public and private sectors grew 14 percent by the end of...
Economy
Most Read
Business
DMCC welcomes 15 companies for training program
Dubai Multi Commodities Centre (DMCC), the Government of Dubai Authority on commodities trade and enterprise, has announced that 15 companies...
- The program will support the growth of impact-driven businesses that align with the United Nations Sustainable Development Goals.
- The program is a part of the DMCC’s wider Environmental Social Governance strategy
Business
Museum of the Future’s online store creates global connections
Dubai, UAE - The Museum of the Future has been connecting with people globally through its online store, offering memorabilia...
- The store offers memorabilia inspired by the museum’s design and exhibits, and gives a glimpse into its rich experiences.
- The museum contains products designed in innovative, artistic ways that reflect the spirit of the museum and its values.
Infographics
UAE offers low-risk business climate
Unstable political conditions in several Arab countries make them high- or extreme-risk places for businesses.
- Country risk assessment is the process of determining a nation's ability to transfer payments.
- It takes into account political, economic and social factors. It is used to help organizations make strategic decisions when conducting business in a country with excessive risk.Â