Upcoming Jewels of Emirates Show set to be largest in its history
Sharjah, UAE - The upcoming fourth edition of the Jewels of Emirates Show, the UAE’s first of its kind showcasing...
Business
UAE to implement support scheme for low-income farm owners
DUBAI, UAE - The Ministry of Community Development and Etihad Water & Electricity have announced the implementation mechanism of the...
Geostrategy
Business
Airlines suffer $126.4bn loss amidst Covid-19
Airlines across the world took a heavy beating from the Covid pandemic lockdown, posting on the whole net losses to...
- IATA said passenger numbers were down 60 percent year-on-year
- The Middle East was the worst impacted, with a 67.6 percent fall in passenger numbers compared to Asia-Pacific, the least impacted with a decrease of 53.4 percent
DIB ups foreign ownership limit to 40 percent
Group CEO says the bank geared towards benefitting from the re-opening of the Dubai economy post Covid-19 pandemic.
- Group CEO says the bank geared towards benefitting from the re-opening of the Dubai economy post Covid-19 pandemic.
- The enhancement of FOL was executed through the Dubai Financial Market.
$1.9 billion weeklong realty transactions in Dubai
An apartment in Marsa Dubai sold for AED 508 million and properties worth AED 4 billion mortgaged.
- 91 plots of land sold for AED 715.83 million and 1,083 apartments and villas for AED 2.53 billion.
- An apartment in Marsa Dubai sold for AED 508 million and properties worth AED 4 billion mortgaged.
Fujairah Chamber keen to foster ties with Iraqi businesses
Businessmen on both sides to exchange knowledge and ideas to create opportunities for collaboration.
- A delegation from Kurdistan region was briefed about investment environment in Fujairah.
- Businessmen on both sides to exchange knowledge and ideas to create opportunities for collaboration.
Economy
Jobs rise for first time in Egypt since 2019
Slight drop in headline seasonally adjusted PMI in July points to minor deterioration in the health of the non-oil sector.
- Slight drop in headline seasonally adjusted Purchasing Managers’ Index in July points to minor deterioration in the health of the non-oil sector.
- Influence of rising raw material prices, fuel costs, wages n cost pressures down in July, says IHS Markit survey.
Dubai Investments profits surge 47%
The Dubai-based firm's net profits rose to AED302 million in the first half of this year.
- Growth attributed to enhanced performance of the manufacturing. contracting and investment segments
- The group's total income in H1 increases by 51 percent to AED1.72 billion as it ramped up property sales
Business
UK moves UAE from red list to amber, eyes boost in travel sector
The UK government announced on Thursday that the UAE will be moved from the red to the amber list, as...
- The UK government's announcement comes as the situation in the country has improved
- The country remains committed to opening up international travel safely, says official
Geostrategy
US extends Iraq’s sanction waiver for four months
The extensions follow a visit to Washington by Iraqi Prime Minister Mustafa al-Kadhemi to meet US President Joe Biden.
- The extensions follow a visit to Washington by Iraqi PM Mustafa al-Kadhemi to meet President Biden
- Iraq buys gas and electricity from neighbouring Iran to supply about a third of its power sector
Dubai issues regulations for 3D-printing in construction
The new legislation supports the emirate’s target to ensure that 25% of its buildings are constructed using 3D-printing technology by...
Pope Francis back to full-time work with call for Lebanon aid
Francis said he hoped an international conference on Beirut explosion anniversary proves productive.
Upcoming Jewels of Emirates Show set to be largest in its history
Sharjah, UAE - The upcoming fourth edition of the Jewels of Emirates Show, the UAE’s first of its kind showcasing...
Business
Company News
MENA nations make some ‘genuine progress’
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EGA holds wearable tech trial
Business
ENEC hosts top performing students from Al Dhafra region
The Emirates Nuclear Energy Corporation (ENEC) has hosted a recognition ceremony at the Barakah plant for top-performing students from the...
Economy
Dubai real estate market’s July performance best in decade
Dubai real estate market recorded a total of 7,092 transactions in July 2022, which is its best performance in the...
Business
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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.
- The banking group is supporting efforts to combat global wildlife trafficking by joining the United for Wildlife financial task force
- NBD will work with its peers to promote the welfare and safety of wild animals, Group Chief Compliance Officer Victor Matafonov said
Business
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...
- According to the disclosures made by 118 listed companies, their assets increased to $1.289 trillion at the end of June
- The banking sector was the leading contributor, with 17 banks accounting for 69 percent of total assets, valued at $891 billion at the end of June 2022
Geostrategy
Jordan’s power supply to West Bank doubles after Jordan Valley plant’s upgrade
Jordan's Prime Minister emphasized that the project reflects Jordanian commitment to assist in laying the foundation for an independent Palestinian...
- Jordan's Prime Minister emphasized that the project reflects Jordanian commitment to assist in laying the foundation for an independent Palestinian state
- He added that Jordan is doing everything possible to safeguard the historical and legal status of Al-Aqsa Mosque and Al-Haram Al-Sharif