UAE discusses clean energy partnerships with Germany, Netherlands
ABU DHABI, UAE - A senior UAE official of the Ministry of Energy and Infrastructure (MoEI) visited Germany and the...
Geostrategy
Khalifa Fund partners with Wio Bank
Wio will offer Khalifa members full digital account onboarding.
Business
Saudi Pension Agency posts 9.5 percent returns in 2020
The kingdom’s Public Pension Agency said on Sunday that it had recorded 9.5 percent returns on investments in 2020. Its investments...
Ismail Haniyeh re-elected as leader of Hamas
Considered a pragmatist, Haniyeh has been head of Hamas' political bureau since 2017
Israel’s govt approves state budget after three-year impasse
A protracted political crisis under former prime minister Benjamin Netanyahu generated political instability that prevented the passing of a state...
Digital payment platform Square to buy Afterpay for $29 billion
Afterpay specializes in the "buy now, pay later" model that offers users staggered payments, often without extra charge.
Saudi Arabia to ally with global players to tap $20b cultural wealth
Looking to tap into its pristine cultural wealth, Saudi Arabia is planning to partner with global players, including international museums,...
Services to facilitate Golden Visa for doctors in UAE launched
The long-term visa allows foreigners to work, live and study without needing an Emirati sponsor.
Unvaccinated workers in Saudi Arabia may lose leave days
Human Resources Ministry asks institutions to seek health ministry-approved vaccination proof from employees.
Kuwait aims to be the hub for electric carmakers in Middle East
Kuwait Ports Authority (KPA) has approved a proposal to build the Middle East’s first city to serve electric vehicle manufacturers,...
Over 700 migrants saved from Mediterranean this weekend
SOS Mediterranee said that its vessel, the Ocean Viking, had carried out six separate operations in international waters since Saturday
Saudi Arabia: Unvaccinated employees to face axe
Any government or private facility that is accommodative towards unvaccinated individuals risks penalties and fines.
UAE discusses clean energy partnerships with Germany, Netherlands
ABU DHABI, UAE - A senior UAE official of the Ministry of Energy and Infrastructure (MoEI) visited Germany and the...
Geostrategy
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Careem acquires MUNCH: ON
Business
UAE stocks generate strong cash flows Tuesday
FAB gained AED173.7 million in liquidity, closing at AED19.740, while ALPHADABI drew AED102.9 million, ending at AED24.040.
Economy
Ban on single use plastic bags in Sharjah to begin from Jan 2024
Sharjah has banned single-use plastic bags and materials in the Emirate of Sharjah as of 1st January 2024. It follows...
Business
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Business
Aldar says it recirculated $2.39bn into UAE economy through ICV
Aldar Properties said Tuesday that it has recirculated AED8.8 billion ($2.39 billion) to the local economy through In-Country Value (ICV)...
- The ICV aims to boost economic performance and support local industries by redirecting higher portions of public spending into the national economy.
- In its sustainability report, Aldar said that Aldar Projects also signed development project contracts worth AED8.5 billion, including 16 contracts with UAE-based companies.
Business
Sharjah records 2,417 real estate transactions in July 2022
Sharjah Real Estate Registration Department (SRERD) has revealed that total transactions carried out in July 2022 amounted to 2,417 transactions...
- The department's statistics reveal that Muwaileh Commercial area had the highest number of sales transactions in Sharjah,
- SRERD monthly report showed that sales transactions were recorded at 24.3 percent
Business
EGA H1 2022 profit $1.61bn
Cast metal sales rose 11% compared to H1 2021.
- EGA noted this is its best ever half yearly performance as the first half of 2022 exceeded the net profit of entire 2021.
- EGA's adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) was $2.07billion in H1 2022.