CBB Sukuk Al Salam securities oversubscribed by 372%
Manama, Bahrain--The Central Bank of Bahrain (CBB) announced that the monthly issue of the Sukuk Al Salam Islamic securities has...Business
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.
RoyalJet comes to Dubai to cater to high demand for charter planes
In order to cater to growing demand for charter planes, RoyalJet, the wholly owned subsidiary of the Abu Dhabi-owned RoyalJet...Demand for private flights expected to surge further as Expo 2020 draws near
The jets are available for charter by business and leisure travelers who are looking to fly directly into and out of Dubai
Oman Air to fly to London again
The flights will operate on Wednesday, Friday and SundayThe flights will operate on Wednesday, Friday and Sunday
All flights are scheduled to operate with Boeing 787 Dreamliner
OECD lowers global, US economic growth forecasts
The forecast for China remained unchanged at 8.5 percent. The growth prospects of Argentina, Brazil, Mexico, South Africa, South Korea...The recovery remains very uneven, with strikingly different outcomes across countries, OECD said.
Global gross domestic product has surpassed its pre-pandemic level following last year's Covid-induced recession.
