IMF approves $5bn under flexible credit line for Morocco
Washington, USA - International Monetary Fund (IMF) approved SDR 3.7262 billion ($5 billion) on a two-year arrangement for Morocco under...
Economy
Dubai Chamber reviews software development, Artificial Intelligence sector
DUBAI, UAE - Dubai Chamber of Digital Economy highlighted software development and artificial intelligence (AI) industry in its 10th session...
Science
Hackers steal 1 TB data from Saudi Aramco, put it on sale for $5 million
Hackers have stolen 1 TB of Aramco’s data through a zero-day exploit and are selling it for $5 million
Bahrain mulls proposal to tighten control over food-delivery motorcycles
Bahrain is deliberating on a proposal to tighten control over food-delivery motorcycles in terms of traffic and health
Lebanon families spend 5 times minimum wage on food alone, says study
A family of five in Lebanon is spending more than 3.5 million Lebanese pounds a month on food
US arrests Trump aide Tom Barrack for being ‘agent of the UAE’
Tom Barrack, who worked for former US President Donald Trump, was arrested on Tuesday for allegedly being an “agent of...
Hugh Fraser forms new alliances in UAE, Egypt
Clients of HFI will be supported by Al Suweikat and Al Busaies Law Office in Al Khobar.
Powering Iraqi homes one switch at a time
Iran decided last month to cut power supplies to Iraq, saying the it owes it more than $6 billion in...
UAE sends 300,000 COVID-19 vaccine doses to Comoros
The UAE has sent 300,000 doses of the Covid-19 vaccine and 9 tons of medical supplies to Comoros
EHS launches Risk Management & Patient Safety smart system
The Emirates Health Services has covered 17 hospitals and 73 primary healthcare centers across the UAE with its smart system
What’s in store for UAE as OPEC+ decides to increase oil output?
The UAE’s oil production limit fixed by the OPEC+ in 2018 is not a reflection of its full production capacity,...
Bahrain to organize 2nd edition of youth skills initiative with $70,000 prizes
Shaikh Khalid bin Hamad Al Khalifa, first deputy chairman of the Supreme Council for Youth and Sports, approves $70,000 worth...
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IMF approves $5bn under flexible credit line for Morocco
Washington, USA - International Monetary Fund (IMF) approved SDR 3.7262 billion ($5 billion) on a two-year arrangement for Morocco under...
Economy
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Abu Dhabi Airports teams up with ICP to boost passenger service
The partnership aims to achieve the highest levels of service excellence at all terminals and facilities of Abu Dhabi Airports.
Business
UAE busy in strengthening its food security system
The UAE is strengthening its food security system through policies that include promoting cooperation with other countries and markets, diversifying...
Economy
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Business
Kuwait’s National Fund shored up 132 SMEs during pandemic
Kuwait's National Fund for SME Development (SME Fund) has helped resolve the problems of 132 small and medium-sized enterprises (SMEs)...
- Founded in April 2013 under Act 98, the government Fund approved establishing 1,422 projects and joint agreements with 992 SMEs.
- Some SMEs offered essential backing to the national economy during pandemic in areas such as medical services, logistics and foodstuff.
Business
Non-Arab foreigners invest $4.23bn in UAE stocks since Jan 2022
According to Abu Dhabi and Dubai financial markets, non-Arab foreign investors purchased local stocks worth AED70.27bn from the beginning of...
- The purchases of non-Arab foreign investors in the Dubai Financial Market totaled some AED18.75bn since the start of this year.
- The UAE has been ranked first in the Arab world and 19th globally for its ability to attract foreign direct investment in a report by UNCTAD.
Business
Trakhees reports 22 percent H1 growth in commercial licensing business
Dubai’s Department of Planning and Development, Trakhees, the regulatory arm of the Ports, Customs and Free Zone Corporation, has completed...
- The Licensing Department provides corporate licensing services to local and free zones and government bodies including issuing work permits, establishment cards and NOCs.
- The demand for local licensing services by customers, both individuals and companies, to reach 7,067 transactions from January to June of this year.