China third-largest investor in UAE, its top trading partner
The mutual investments between the two countries are witnessing continuous growth in various economic and commercial sectors, most notably real...
Business
UAE minister meets UN Secretary-General on global climate action
NEW YORK, US - Minister of Industry and Advanced Technology and COP28 President-Designate Dr. Sultan bin Ahmed Al Jaber met...
Geostrategy
Countingwell launches operations In Middle East and Africa
The app will be initially available in UAE, Kuwait, Oman, Qatar, Saudi Arabia, and Bahrain. Countingwell today serves schools and...
UAE, Ethiopia start-ups among 100 awardees at WEF’s 2021 Technology Pioneers cohort
The start-ups include new leaders in AI, cybersecurity, robotics, and others using tech to address gaps in healthcare, financial access...
Saudi economy to grow much faster: Goldman Sachs
Goldman raises Saudi growth forecast for GDP to 4.5% this year, compared to an earlier 2.5% Kingdom's overall economic activity...
Netix Global BV to curate conference on building automation in September
The launch-cum-conference will be live-streamed in 20 countries and see more than 1000 attendees from across the globe Netix’s Intelligent...
Middle East’s aviation sector may recover to pre-COVID size by 2023
Long-term growth of the Middle East global commercial fleet is forecast to be 4.2% CAGR A survey suggests that MRO...
Macro drivers signal higher oil prices in 2022: BofA
Trends currently driving down oil prices will cease to be a problem in the second half of 2021 Weaker dollar,...
Central bank digital currencies may disrupt financial systems
*Fitch Ratings says associated risks need to be managed well if CBDCs are to stay beneficial *Potential for cybersecurity threats...
Oman Insurance relocates employees to new head office
The office equipped with hot-desking that will enable work from home Digitalization will enhance interaction, communication between the teams Oman...
NBB closes finance deal for Oman’s Mazoon Electricity
The debut Islamic financing facility by the Oman-based GRE was signed for $235 million Deal part of NBB Group’s efforts...
Equinor partners with Algeria’s Sonatrach for oil, gas exploration
*MoU includes possible cooperation in greenhouse gas emissions, carbon management *Equinor involved in the development and production of two gas...
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Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
China third-largest investor in UAE, its top trading partner
The mutual investments between the two countries are witnessing continuous growth in various economic and commercial sectors, most notably real...
Business
Company News
ADU Holding rebranded NEMA
Business
Latest News
Saudi banks disburse $537bn in loans in Q2, up by 14.2%
According to the Kingdom’s Unified National Platform, the Kingdom has been moving toward the Saudi Vision 2030 by developing the...
Economy
Jordan industries’ use 24m cubic feet gas daily in 2021
The average natural gas consumption for Jordan's industries amounted to 24 million cubic feet (CF) per day during 2021, according...
Economy
Dubai Opera all set to celebrate its sixth anniversary
Dubai Opera, a destination for performing arts in Dubai, will celebrate its sixth anniversary on 31st August 2022.
Arts & Culture
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Geostrategy
President invites Swiss President to visit the UAE
President of the Swiss Confederation Ignazio Cassis, has received a written message from President Sheikh Mohamed bin Zayed Al Nahyan...
- The UAE is keen on strengthening bilateral relations with Switzerland
- Sheikh Abdullah has delivered the written message of the UAE President to the Swiss President
United States not going anywhere: US envoy on XI’s Saudi visit
Amid reports of Chinese President Xi Jinping's visit to Saudi Arabia next week, U.S. President Joe Biden's administration said the...
- There has been speculation about the US's diminishing influence in the region as China and Saudi Arabia seek to strengthen their ties
- Xi Jinping could potentially meet with President Biden in November during his trip to Southeast Asia, as he said to his American counterpart
Business
DEWA smart services receive wide praise from customers
Dubai Electricity and Water Authority (DEWA) smart services have helped customers raise the efficiency of their electricity and water consumption...
- The customers praised DEWA’s efforts to provide all means to promote a culture of sustainability and raise awareness about protection of natural resources
- They lauded the company's digital channels, including DEWA’s website and smart app, that help them to complete their transactions easily and smoothly