Dubai Police ink deal with UAE Hockey Federation
DUBAI, UAE - The Athletes Council at Dubai Police and the UAE Hockey Federation signed an agreement (MoU) to enhance...
Arts & Culture
UAE ministry hosts discussion on poultry industry, food security
DUBAI, UAE - UAE Ministry of Climate Change and the Environment (MOCCAE) on Tuesday organized the second National Dialogue for...
Business
Business
ADNOC Invests $187m to raise Al Nouf oilfield’s capacity
The investment is a step towards achieving the 5 million barrels per day oil production capacity target by 2030, the...
- The company will add 20 wells to the Al Nouf field and expand the use of water and gas injection to enhance oil recovery.
- It has awarded the 39-month engineering, procurement and construction contract of the Nouf development to Robt Stone.
Geostrategy
Japan to assist Egyptian institutions in technical education
Egypt has joined hands with Japan to promote technical education in schools and universities, according to Prime Minister Mostafa Madbouly.
- The prime minister said there were a number of specialist technical universities being rolled out around Egypt and that three had already been established
- Japan’s KOSEN system accepts students from the age of 15 and provides education based on practical training for a period of five years
Economy
Bahrain eServices revenue up 257% to $532m in H1
The number of financial transactions in H1 2021 exceeded 1.6 million, double the number in the same period last year.
- More than 1.1 million financial transactions were carried out on the national portal alone
- This an increase of 76 percent compared to the same period of last year
Business
UAE halts all flights to Kabul after Taliban takeover
The United Arab Emirates has cancelled all flights to Afghanistan, after Hamid Karzai International Airport in Kabul was overrun by...
- Dubai carriers Emirates and flydubai earlier halted flights to Kabul until further noti
- Military flights evacuating diplomats and civilians were taking off from Kabul on early Tuesday morning
Business
Abu Dhabi issues new Covid-19 norms for tourism and leisure venues
Restaurants can operate at 80 percent of their capacity and allow a maximum of 10 people at a table who...
- Those fully vaccinated within the last six months-- vulnerable groups within the last three months-- only will be allowed to attend events.
- A negative PCR test taken within the previous 48 hours will be required with an ‘E’ showing on the Al Hosn app.
Business
Dubai Investments to deliver $953m mixed-use projects by H2
The handover portfolio includes the final phase of the Mirdif Hills Project in Dubai and the Al Taif Business Center...
- The two projects together will provide more than 240,000 sq ft of commercial space with 100 retail units
- There will also be over 280,000 sq ft of office spaces, more than 350 hotel rooms, and more than 1,200 residential and serviced apartments
Business
Dubai to develop as polyurethane innovation hub: Pearl
Pearl Polyurethane has appointed a new CEO as part of an ambitious growth plan to double the size of the...
- Pearl Polyurethane has appointed a new CEO as part of an ambitious growth plan to double the size of the Dubai-headquartered company
- Operating for over 25 years, the company has supplied polyurethane insulation foam systems for several trailblazing projects in the Gulf region
Business
Bahrain bank challenges students to make digital solutions
The National Bank of Bahrain has tied up with Bahrain FinTech Bay to launch challenge youngsters in the country to...
- The goal is to develop solutions for NBB’s digital banking app that focuses on the youth and features the latest trends in user experience
- The three best solutions will get prize money, three months of incubation at BFB, and other prizes
Geostrategy
UAE, Iraq moot bilateral business council
Iraq and the UAE already conduct trade that was worth around $15 billion in 2019.
- Abu Dhabi Chamber Chairman Abdullah Mohammed Al Mazrouei and Iraqi Ambassador discussed the setting up of this council
- Abu Dhabi Chamber Director-General Mohamed Helal Al Mheiri also attended the meeting
Business
Qatar Tourism and Clia announce partnership
The partnership should help Qatar broaden its appeal for visitors ahead of and beyond the 2022 Fifa World Cup.
- Qatar welcomed 207,000 cruise visitors to Doha in 2019-20
- It reopened its borders on July 12 to fully-vaccinated international travelers, and is expecting tourism to pick up
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Dubai Police ink deal with UAE Hockey Federation
DUBAI, UAE - The Athletes Council at Dubai Police and the UAE Hockey Federation signed an agreement (MoU) to enhance...
Arts & Culture
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Jeddah Season 2022 concludes, 6m visitors attend events
Arts & Culture
Women take lead in UAE, invest $9.42bn in 8 months at ADX
Some $9.42 billion have been invested in the financial markets by Emirati women during the last eight months of the...
Business
Ancient Iranian rug tradition gets makeover as sales sink
Changing tastes and increased competition from Asia have forced some in the trade to redesign and resize a tradition dating...
Business
Saudi central bank’s assets climb to $535 billion in July
For the first time in more than five years, assets of Saudi Arabia's central bank have shot up to $535...
Economy
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Business
NBK Bahrain H1 net profit $145m
The profit in the same period last year was $159m
- As of end of June 2022, NBK-Bahrain’s total assets stood at BHD 7.05 billion compared with BHD 7.13 billion for the same period in 2021.
- customer deposits increased by 68 percent y-o-y to BHD 3.080 billion compared with BHD 1.829 billion for the same period of previous year.
Arts & Culture
Dubai to host international museums conference in 2025
Dubai has officially begun its journey as the host of the 27th International Council of Museums (ICOM) General Conference 2025...
- Dubai’s hosting of the largest international gathering for museums in 2025 is set to strengthen the city’s position as a hub for creativity.
- Chairperson of Dubai Culture and Arts Authority (Dubai Culture) said the global platform is an opportunity to discuss the future of museums.
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Top tourist destinations in Dubai
Dubai tourism recovered fast after the easing of Covid-19 restrictions, registering a 203 percent increase in the number of visitors...
- The increased flow of tourists helped improve hotel occupancy across the emirate, which reached 76 per cent during the period, the highest globally in Q1.
- Dubai was rated the third safest city to travel for solo female travelers.