Business - TRENDS MENA

Ukraine looks to bolster investment cooperation with GCC, especially Kuwait
Ukraine is looking to bolster investment cooperation with the Gulf Cooperation Council (GCC) countries, especially Kuwait.
Ukrainian Deputy Foreign Minister Dmytro Kuleba said that the Ukrainian government has recently enacted many pieces of legislation targeting holistic economic reforms
The Ukrainian official hoped that Kuwaiti companies would join the execution of these strategically significant projects in Ukraine
Kuwait, China keen on institutional framework
The Consul General of Kuwait in Shanghai, Mishal Al-Shamali, during a meeting with Shanghai Deputy Mayor Zhong Ming, said that...
The framework is needed to start implementing the agreements concluded between the two countries
This will help develop and strengthen bilateral ties between Kuwait and China in the upcoming years
Jordan to resume flights to Damascus, 10 years after Syrian civil war broke out
The Jordanian government has agreed to resume flights to the Syrian capital Damascus as of 3 October after a 10-year hiatus...
The Ministry of Interior said, in a press statement today, that this decision comes to allow the activation of trade and tourism between the two countries
Travelers coming from Syria will be required to present a negative PCR test from accredited Syrian laboratories taken no more than 72 hours before their flight
Kuwait plans customs virtual corridor with Abu Dhabi
The customs departments of Kuwait and Abu Dhabi are planning to form a virtual corridor.
The move is expected to bolster bilateral trade ties
A deal over the matter may be sealed shortly
Dubai’s trade with Saudi Arabia leaps up 26 percent to AED30.5bn in H1
Trade between Dubai and Saudi Arabia grew 26 percent to AED30.5 billion in the first half of 2021, making the...
Overall, the non-oil foreign trade of Dubai grew 31 percent year-on-year in the first half 2021 to AED722.3 billion
China, however, remains the emirate’s biggest trading partner in the world in terms of value - increasing by 30.7 percent to AED86 billion in the six months to July
Jordan to fully reopen Syria crossing this week
The crossing was closed nearly two months ago due to fighting in Syria’s southern province of Daraa.
The Jaber-Nasib crossing is Jordan’s main gateway for goods from Lebanon and Syria to the Arab Gulf countries
It is expected to operate at full capacity as of Wednesday, September 28
Oman to start gabbro mining in October
The quarry will start with a production capacity of 2.4 million tons of gabbro.
Gabbro is a coarse-grained igneous rock that is used, among other things, to make kitchen countertops
Sometimes, gabbro deposits may also contain chromium, nickel, cobalt, gold, silver, platinum, and copper sulfides
UAE and WEF to hold ‘Great Directions for the Future’ dialogue in Abu Dhabi
The United Arab Emirates in partnership with the World Economic Forum will hold a two-day long gathering of thinkers to...
The meeting represents the basis for an initiative that brings together the world’s elite thinkers, minds and future foresights, on a single platform, to exchange ideas, share visi
“Great Directions for the Future” dialogue and the meeting in Dubai will constitute a strong incentive to shape the features of a more prosperous and inclusive future for humanity
Tribunal awards Dana Gas $607 million in a case against Iran’s state producer
DUBAI: Sharjah-based Dana Gas has been awarded $607.5 million as compensation for damages in a case against the Iranian state-owned...
The final hearing of the case will be held in October 2022 and a final award on the damages is expected in 2023.
A second arbitration for the bigger period of the 25-year agreement is currently underway, Dana Gas said.
McDonalds Qatar warns of fake websites
The sites are advertising fake offers and requesting bank details.
McDonald’s has reported this problem to the local authorities
It is working closely with them to rectify the matter and take down these sites

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