EVA Air orders 33 Airbus planes
The deal could be worth as much as $8.5 billion.Company News Business
Nakilat expands its fleet
The Qatari firm placed orders for 6 carriers with HSHI.Company News Business
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
Saudi Arabia to develop luxury mountain resort in western region
Saudi Arabia will develop a new luxury mountain resort as the giga project inches closer to welcoming its first guest...The Desert Rock resort will have 60 keys in total and is part of the kingdom's giga project The Red Sea Project
The 48 villas and 12 hotel rooms will offer visitors views of the wadi vistas in the western region of the kingdom
Saudi to build three sewage plants costing $630m
The plants are being built under the Privatization Program, one of the elements of Vision 2030, said Abdulrahman Bin Abdulmohsen...The plants are expected to be ready by the end of 2024.
Madinah, Qassim and Tabuk each will have a plant with daily processing capacity ranging between 90,000-375,000 cum.
Fourth cycle of Dubai SME 100 gets underway
The fourth cycle is expected to highlight SMEs in Dubai that have shown resilience and progress despite the Covid-19 pandemic.Dubai SME 100 is initiative that ranks the top 100 SMEs in Dubai based on their performance
It aims to identify SMEs based on financial and non-financial parameters, and support their growth
