UAE Federal Treasury Sukuk Program appoints ADIB as primary dealer
ABU DHABI, UAE - Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, has been appointed as a primary...
Economy
Business
Drug firms urged to seek UAE advance nod for products
This will allow health authorities a pre-study of the file to issue the marketing approval in the UAE for innovative...
- Factories in UAE can start manufacturing procedures and apply for marketing approval for similar products
- Local manufacturers can market their products in the UAE soon after expiry of the protection period for innovative products
Business
New flights from Baghdad to Abu Dhabi
The inaugural flight of Iraqi Airways landed at Abu Dhabi International Airport on August 7.
- The inaugural flight, operated by Iraqi Airways using Boeing 737-800 aircraft, landed at Abu Dhabi International Airport on August 7
- Iraqi Airways will start by operating one flight per week and will then increase its number of flights to two a week
Science
Climate crisis the next great threat for Iraq
Only 3.5 percent of Iraq’s farmlands are watered with irrigation systems and rivers are polluted with viruses and bacteria, oil...
- Water shortages are killing animals and saline water has destroyed thousands of hectares of farmland
- Only 3.5 percent of Iraq’s farmlands are watered with irrigation systems and rivers are polluted with viruses and bacteria, oil spills and industrial chemicals
Business
Ajman Free Zone adds 867 companies in H1
Ajman Free Zone (AFZ) has registered a growth of 35 per cent in the number of new registered companies during...
- Health sector registers 84 percent growth in the number of new companies.
- 70 percent growth in Chinese retail market while the number of AFZ’s key partners rises to 48.
Egypt papyrus makers keep tradition alive despite tourism slump
Once used by ancient Egyptians as writing paper, local artists now decorate the papyrus with hieroglyphics, Arabic calligraphy and representations...
- Once used by ancient Egyptians as writing paper, local artists now decorate the papyrus with hieroglyphics, Arabic calligraphy and representations from antiquity
- The papyrus plant, with its fan-shaped foliage, grows in water and can reach four meters (13 feet) in height
UN science panel to release major climate change report findings
The report will project global temperature changes until the end of the century under different emissions scenarios.
- The report will project global temperature changes until the end of the century under different emissions scenarios
- The report comes less than three months ahead of the COP26 climate talks in Glasgow
Israel sets up Covid rapid test stations nationwide
The testing centres are aimed at the non-vaccinated and those who have recovered from the virus and need a health...
- The testing centres are aimed at the non-vaccinated and those who have recovered from the virus and need a health pass
- Over the past week, Israel has been recording an average of more than 3,000 new coronavirus cases a day
Business
Iran records over 500 Covid deaths, hits new high
Iran registered 39,619 new infections in the 24 hours to Sunday, taking the total since the pandemic started to 4,158,729
- Iran registered 39,619 new infections in the 24 hours to Sunday, taking the total since the pandemic started to 4,158,729
- Iranian health officials have acknowledged that the Islamic republic's Covid figures underestimate the real toll
Beirut blast bereaved hold symbolic funeral to demand justice
Wives, sisters and mothers of those killed held portraits of their loved ones and marched ahead of three symbolic coffins...
- Wives, sisters and mothers of those killed held portraits of their loved ones and marched ahead of three symbolic coffins covered in flowers
- The explosion wounded 6,500 people and caused billions of dollars-worth of damage
Business
Saudi falcon sells for $72,000, setting record
The sale took place at the International Falcon Breeders Auction or IFBA at the Saudi Falcons Club or SFC in...
- According to local reports, this is a record price for any such bird bred in the region
- Last year, the SFC had seen the sale of a young Shaheen falcon for SR650,00 (roughly $170,000), but it had been caught in the wild
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MENA nations make some ‘genuine progress’
Infographics
Emirates NBD joins fight against illegal wildlife trade
The banking group is supporting efforts to combat global wildlife trafficking by joining the United for Wildlife financial task force.
Assets of UAE national firms climbs 10% to $116bn in H1
A total of 74 listed companies listed in the Abu Dhabi Securities Exchange (ADX) accounted for 59.8 percent of total...
Business
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Business
RAK DED allots 837 licenses worth $39.48m in H1
The department's report highlighted the fact that professional licenses accounted for 49 percent of total numbering 8,986, followed by commercial...
- The number of commercial licenses were 449, representing 51.4 percent, followed by professional licenses numbering 406, along with 17 industrial licenses
- The total number of renewed licenses in the first half of 2022 was 6,947, compared to 6,606 during the same period in 2021
Business
Kuwait raises oil production to meet growing demand
The increased production is consistent with announcements made by Kuwait Petroleum Corporation.
- The increased production is consistent with announcements made by Kuwait Petroleum Corporation
- Kuwaiti oil minister Dr Al Faris said that Kuwait will continue to support efforts to promote market stability
Geostrategy
Qatar to invest $3bn in beleaguered Pakistan economy
The United Arab Emirates this month said it would invest $1 billion in Pakistan and, according to reports, Saudi Arabia...
- Qatari emir "stressed the importance of the brotherly and strategic relations between the two countries" and the need to bolster their economic partnership
- Assistance from Gulf nations and a $2.5 billion loan from China has helped Pakistan stave off the worst of an economic crisis that has seen annual inflation rise above 20 percent