Yanbu industrial port receives first RORO vessel, carrying nearly 2,000 cars
Yanbu, Saudi Arabia - The King Fahad Industrial Port in Yanbu welcomed the arrival of the "Hoegh Sydney," marking the...Business
Weyay recognized as ‘Fastest Growing Digital Bank’ in Kuwait by Mastercard
Kuwait City - Weyay was recognized as 'Fastest Growing Digital Bank' in Kuwait by Mastercard on the sidelines of the...Business
Iraqi cement-makers angry at fuel subsidy cut
The oil ministry earlier this month raised the price of fuel sold to cement manufacturers from 150 dinars per litre...The measure has caused industry outrage in the crisis-hit country, where some regions are still waiting for post-war reconstruction
The subsidised fuel price for cement manufacturers was originally approved in exchange for their commitment to cap the price of cement
Gulf region poised for higher growth in 2021: Expert
The economies of the region are recovering fast on the back of the rising oil prices and speedy vaccination programs,...The economies of the region are recovering fast on the back of the rising oil prices and a reasonably speedy vaccination program
In 2022, tourism should also significantly boost growth, resulting in recovery in the non-oil sector as domestic consumption and investment demand improves
Drydocks World develops ‘South Yard’
The latest project is aimed at increasing the company’s fabrication capacity.The firm is building a dedicated facility for new building projects comprising 70,000 sq.m. area
The world-class yard will feature cutting-edge equipment, a much leaner execution process and a facility for heavy structures
Etisalat’s SmartHub centres grow
SmartHub has become a key element of the digital infrastructure in the region.Etisalat’s SmartHub data centres act as an ICT bridge between continents, always supporting critical business activities of global customers
SmartHub seeks to be a preferred location for carriers, cloud service providers, Internet exchanges and companies looking for a carrier grade data centres
Mrs Bectors subsidiary comes up in UAE
The new company, Mrs Bectors Food International, was incorporated on September 14.Mrs Bectors Food Specialities Limited was incorporated as Quaker Cremica Foods Private Limited on September 15, 1995
Following the termination of a JV agreement, the company was renamed Mrs Bectors Food Specialities Private Limited
What to Expect at Expo 2020 Dubai?
Expo 2020 Dubai is the first world expo in the Middle East, Africa, and South Asia region.The theme of the six-month event is Connecting Minds, Creating the Future
It covers three sub-themes: Sustainability, Opportunity, and Mobility
Natural Gas Distribution all set to list and trade on Nomu
The listing and trading of shares of Natural Gas Distribution on Nomu will start on September 22, as a direct...Daily price fluctuation limits will be +/- 30 percent and static price fluctuation limits will be +/- 10 percent
The trading of shares will begin on September 22
UAE to become major player in emerging blue hydrogen market: ADNOC CEO
The United Arab Emirates will become a major player in emerging blue hydrogen market, according to the CEO of the...The UAE is strengthening its position as a regional leader in natural gas and the emerging blue hydrogen market
"Today, gas provides almost one-quarter of the world’s energy supply and will continue to play a critical role in the global energy system"
SNOC to meet Sharjah’s gas needs amid rising power demand
Gas will be sourced from SNOC's own resources and ADNOC imports.In 2019 SNOC and ADNOC signed an interim contract to close the gas supply gap with SEWA.
Sharjah has also begun to develop its own resources of gas.
Expats leaving Oman can retain properties under usufruct scheme
The scheme allows them to manage properties from outside the country through law firms or realtors.The usufruct period for buildings can last for up to 50 years, and be extended for 99 years.
With this scheme, Oman aims to keep pace with global trends around controlling the movement of funds.
