Dubai’s family businesses get practical guidance with new toolkits
Dubai, UAE -- Three toolkits have been developed for family-owned businesses, which make up approximately 90 percent of the UAE’s...Business
Toyota’s Daihatsu suspends all domestic production
The company said it had been manipulating safety tests since at least 1989, affecting 64 models, including some sold under...Business
Qatar to hold its first-ever Formula One Grand Prix
The race will take place at the Losail International Circuit north of Doha on November 21 and will form the...The Australian GP, traditionally a season-opener, was moved towards the end of the season but was canceled for a second year running.
Qatar has also signed a 10-year deal to host Formula One from 2023.
East Pipes Integrated plans IPO
The Saudi Arabia-based company gets approval to float 6.3 million shares.The offering will be limited to qualified investors, who should conduct their own due diligence on the information disclosed in the company’s prospectus
6.3 million shares to be floated as the measure has been approved by Saudi Arabia’s Capital Market Authority
EDB to push Ajman growth
The EDB-Ajman MoU is in line with the Make it in the Emirates Campaign.Under the terms of the agreement, EDB will support SMEs registered at Ajman Free Zone, in line with its applicable policies and procedures
In addition, the companies operating in the free zone will be given access to the bank’s key programs, financing solutions, and other facilities
ABHGA readies $13bn investment
This agreement can be considered the start for several projects.This agreement aims at increasing the level of cooperation between the public and private sectors to achieve the objectives of Vision 2030
The areas of cooperation between ABHGA and NIDLP, subject to this agreement, includes establishing a joint framework
2021 a year of recovery in oil market: OPEC Sec Gen
Barkindo underscored the importance of the efforts by the Declaration of Cooperation (DoC) Participating Countries in accelerating the rebalancing process...Barkindo underscored the importance of the efforts by the Declaration of Cooperation (DoC) Participating Countries in accelerating the rebalancing process in the global oil market
The Secretary General also stressed the need to remain cautious and attentive to an ever-evolving market situation
Infrastructure push spurs job growth in GCC
The UAE and Qatar are hosting global events like EXPO 2020 this October and FIFA World Cup in 2022Â respectively...In recent months, all GCC countries have unveiled major infrastructure projects following vaccination of the majority of the population and a rebound in oil prices
The UAE and Qatar are hosting global events like EXPO 2020 this October and FIFA World Cup in 2022 respectively and initiating infrastructure projects worth billions of dollars
Saudi MSMEs get new three-month payment respite
The Deferred Payment Program was launched on March 14 last year, as Covid-19 was spreading across the world. According to...The respite is in the form of the extension of the Deferred Payment Program for the MSMEs
The initiative is one of the many Private Sector Financing Support Programs the central bank has launched to help the economy
More UAE women take up STEM courses
The Emirati women's share in online enrollments in science, technology, engineering, and mathematics rises to 42 percent in 2021 from...The Emirati women's share of online enrollments in science, technology, engineering, and mathematics increased to 42 percent in 2021 from 38 percent in 2019
Women’s enrollment in entry-level professional certificates also went up in the country from 26 percent in 2019 to 32 percent in 2021
Bahrain launches region’s fastest global sea-to-air logistics hub
Bahrain expects this to be the most efficient multimodal sea-air transshipment hub in the region with a global reach.The hub is said to have a turnaround time of just two hours for all containers
This means products can be with customers in half the time and at 40 percent of the cost
Dubai reviews park redesign proposals
Brand Dubai and Dubai Municipality have reviewed some creative proposals to redesign 10 public parks in the emirate.The latest joint project is part of an ongoing partnership between Brand Dubai and Dubai Municipality
Together, they are looking to undertake beautification projects to enrich the city’s urban landscape
