Shanghai to build 200 smart factories to shore up its manufacturing status
Shanghai, China--Shanghai plans to build 200 new smart factories and 20 demonstration sites by end of 2025 after 70 intelligent...Business
Dubai Center for Family Businesses issues guidelines
DUBAI, UAE – The Dubai Center for Family Businesses, which operates under the Dubai Chambers umbrella, has released a ‘Sample...Business Geostrategy
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 2022 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
Saudi Arabia ‘racing against time’ to finish F1 track
The floodlit circuit is expected to run over 6.175 km (3.8 miles), the second-longest on the calendar, and will feature...A visit to the track this week showed there was still much work to be done
Buildings were still under construction and cranes and diggers were on site
New FTA services to ease VAT refunds for UAE homes
The new services are said to offer four different services that aim to raise the target audience’s awareness, provide them...The initiative is expected to include a weekly interactive virtual workshop, the Virtual Session
This would introduce UAE citizens eligible to professionals for consultations and clarification about the VAT refund process
Abu Dhabi H1 real-estate deals hit $6.4bn
The real-estate sector in Abu Dhabi recorded 3,425 real-estate sales transactions worth AED9.02 billion (around $2.46 billion), and 3,621 mortgage...The H1 recorded value has been achieved through 7,046 real-estate transactions
These include transactions and mortgages of land, buildings, and real-estate units of all kinds
