EU unveils plans to scale up net-zero technology
BRUSSELS, BELGIUM- The European Commission proposed the Net-Zero Industry Act to scale up manufacturing of clean technologies in the EU...
Science
Mohamed bin Zayed issues law to establish Abu Dhabi Transport Company
ABU DHABI, UAE - In his capacity as the Ruler of Abu Dhabi, President Sheikh Mohamed bin Zayed Al Nahyan...
Business
Eazy, Discover partner to expand card acceptance
Discover and Diners Club International and network alliance cardholders can use cards at all ATMs in Bahrain Eazy Financial's upcoming...
Birla Carbon to raise rates in Europe, Middle East markets
Hike to compensate additional costs in freight, logistics The company plans more measures to address CO2 emission costs Birla Carbon,...
SMEs in Dubai will be encouraged to bid for govt tenders
*Dubai finance ministry and Dubai SME sign MoU * SME owners will be encouraged to register in the ministry's Federal...
UAE minister continues visits aimed at cutting carbon footprint
*Visits also aimed at highlighting examples of successful ventures * EGA has invested $1 billion in environmental technologies since 2010...
Work in full swing on $206m Bahrain wastewater plant
The project is being implemented by a consortium Once completed, it will have daily flow capacity of 400k cu m...
UNESCO, World Bank partner to enable cultural, creative activities in cities
The creative economy is one of the fastest-growing sectors of the world economy Cultural, creative industries contribute annual global revenues...
IMF moots coverage of climate change in assessment reports
Action on climate change forms a part of the IMF’s 2021 Comprehensive Surveillance Review A few Directors underline need to...
Double Taxation Agreement between UAE, Jamaica
The agreement will foster cooperation between the tax authorities in the UAE and Jamaica Objectives of the bilateral tax agreement...
Amlak posts Q1 net profit of AED 6 million
Revenues from all business activities stand at Dh62 million Rental income stands at Dh7 million Total assets stand at Dh...
UAE to provide low cost, low carbon energy as global demand grows
The UAE has three of the largest and lowest-cost solar projects in the world The country is taking the lead ...
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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
EU unveils plans to scale up net-zero technology
BRUSSELS, BELGIUM- The European Commission proposed the Net-Zero Industry Act to scale up manufacturing of clean technologies in the EU...
Science
Company News
Latest News
Jordan, Morocco to launch hospitality training facility
A Jordanian-Moroccan hospitality and tourism training project will be launched in the Hashemite Kingdom as part of the strategic partnership...
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...
Geostrategy
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...
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Economy
UAE aid ship in Mogadishu to deliver drought relief
This initiative comes as part of the directives of the UAE President to provide humanitarian support to the Somali people...
- The initiative comes as part of the directives of the UAE President to provide humanitarian support to the Somali people
- Authorities distributed relief aid to families and those displaced in their areas and camps
Business
OPEC sees demand for oil tanking this year
OPEC warns that the demand growth for 2023 will slow further to 2.7 million bpd, leaving its forecast unchanged from...
- OPEC said that the cut in growth forecast is attributed to the economic impact due to Russia’s invasion of Ukraine and high inflation
- The global oil market, according to OPEC, is strongly rebounding to pre-COVID-19 levels
Business
Saudi Electricity borrows $568m
The money will be used to fund Egypt interconnection project.
- Saudi Arabia and Egypt signed contracts for a $1.8 billion electricity interconnection project to ensure an exchange of 3,000 MW of electricity between both nations
- The utility firm announced that it has also obtained a syndicated loan of $3 billion from a number of international banks