ADFD finances US$30m sustainable water project in Mauritania
ABU DHABI, UAE -Â Abu Dhabi Fund for Development (ADFD) has signed an agreement with the government of Mauritania to...
Geostrategy
Iran, Syria pledge to strengthen ties, develop economic relations
During late-night talks Thursday, Raisi and his Syrian counterpart Bashar al-Assad discussed "ways to develop and strengthen bilateral relations" and...
Geostrategy
Israel, Bahrain gear up for economic cooperation agreement
The agreement, after it comes into effect, is expected to lead to the establishment of a joint economic committee to...
UN commission pays $600 million to Kuwait oil firm for Iraq invasion losses
The UN Compensation Commission is to pay another $1.1 billion to the Kuwait Petroleum Company as compensation.
85 percent of Dubai documents electronically archived in 2021
DGW says electronic archiving part of its efforts to develop a centralized digital archive compliant with international standards
Saudi Central Bank has a plan to create 200,000 jobs
If the Saudi Central Bank’s (SAMA) plan to increase the number of locals working in the financial sector succeeds, it...
NATO chief calls for negotiated settlement with Taliban
Jens Stoltenberg said the situation in the country is deeply challenging amid UN's warning that more civilians could die
Two die from Covid-19 as UAE reports 1,539 new cases
The country's Health Ministry says it has conducted a total of 296,686 additional COVID-19 tests using state-of-the-art medical testing equipment...
Reschedule Palestinian polls soon, include East Jerusalem, say UN experts
Polls to be held in May and July were postponed by Palestinian President Mahmoud Abbas on April 29 amid concerns...
Gulf nations pledge to provide quality education
The Arab countries have vowed to continue to work for the achievement of the UN Sustainable Development Goal to ensure...
One of world’s largest carpet factories coming up in Dubai
The solar-powered facility will enable Standard Carpets to increase production capacity by 40 percent and produce and additional 400 tons...
Jordan’s revenue, spending shoot up in first half of 2021
Jordan’s revenues during the first five months of 2021 went up by JD848.9 million, registering an increase of 38 per...
ADFD finances US$30m sustainable water project in Mauritania
ABU DHABI, UAE -Â Abu Dhabi Fund for Development (ADFD) has signed an agreement with the government of Mauritania to...
Geostrategy
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UAE, Egyptian leaders review fraternal relations in Al Alamein City
President Sheikh Mohamed bin Zayed Al Nahyan arrived in Al Alamein City on a visit to the Arab Republic of...
Geostrategy
Dubai’s RTA reduces energy consumption by 18 percent
Director-General and Chairman of the Board of Executive Directors of the Roads and Transport Authority said that RTA had achieved...
Economy
WGES 2022 to encourage investment in green projects
The 8th World Green Economy Summit (WGES), to be held in Dubai, will focus on developing investment partnerships in green...
Economy
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Business
JODC posts increase in revenue
High pilgrim traffic caused revenue to go up to $104.34m.
- Its gross profit rose 152.9 percent to $19.06 million in H1, as against the loss of $36.05 million in the same period of last year
- The company expects the increased traffic of pilgrims to sustain for the rest of the year as there remains pent-up solid demand for pilgrims, both domestic and international
Business
Emaar to sell Namshi to Noon
The Dubai developer will sell its online retailer for $335.2m.
- The Department of Economic Development has revealed that e-commerce licenses issued by the emirate jumped 63 per cent in the first half of 2021
- During the last two years of the Covid Pandemic, online buying in the UAE has taken a big leap in growth, with Amazon alone recording net sales of about $500m in 2021
Business
Jordan and Algeria agree to boost trade, investment ties
Many Jordanian industrial sectors have the necessary requirements to enter the Algerian market, especially the pharmaceutical components, clothing, chemical and...
- The business groups also agreed to have more meetings and visits in order to assess investment opportunities
- According to official data, the kingdom's exports to Algeria in 2020 amounted to $94 million, compared to about $125 million in imports