Dubai’s RERA signs MoU with Zand Digital Bank
Dubai, UAE--The Real Estate Regulatory Agency (RERA), the regulatory arm of Dubai Land Department (DLD), signed a memorandum of understanding...Business
Mubadala lists dollar, dirham bonds
This is Mubadala's seventh listing of a green debt instrument on ADX.Company News Business
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.
Investment in agritech key to UAE’s food security
Investing in agricultural technologies can take the UAE closer to its goal of being one of the top 10 countries...Over 100 entities use organic farming techniques in the UAE, including advanced farms that utilize modern agricultural technologies.
The Abu Dhabi Investment Office is investing at least US$100m in agritech startups as part of their food security strategy.
Asian markets stabilize but Evergrande fears linger
The battle in Washington to raise the US debt limit was also fuelling concern that the government could miss payments...Dubai led declines among stock markets in the Gulf on Monday, as its main share index fell 1.2 percent.
Hong Kong's Hang Seng Index, which plunged more than three percent Monday, edged up 0.2 percent.
Covid-19 drives e-learning in GCC
There has been a massive growth in content creation and learners' demand in last two years as the pandemic puts...There has been a massive growth in content creation and learners' demand in last two years
E-learning is highly dependent on digital infrastructures, such as Internet usage and connection fees, which vary dramatically from one Arab country to another
Dubai Chamber adds 16,000 new members this year
Some 16,000 new companies have joined Dubai Chamber this year, bringing the total membership to more than 275,000.The membership growth is also a result of the various business-friendly measures and incentives introduced by the government in recent years
The number of ATA Carnets issued by the Chamber and received by the country, increased 5.1 percent over the same period, reaching 2,188 in the first eight months of 2021
Foreigners in Kuwait on commercial visit to get work permit now
The move is aimed at meeting growing demand for manpower by companies in the country. After all, the number of...Thousands of expats left Kuwait this year and have been unable to return due to the pandemic
This move is expected to offset that talent drain and attract more such talent into the country
Evergrande’s crash crunch stumps investors and homeowners alike
The once-mighty Evergrande Group has long been the face of Chinese real estate, surfing a decades-long property boom to expand...The once-mighty Evergrande Group has long been the face of Chinese real estate, surfing a decades-long property boom to expand into more than 280 Chinese cities
But it is now smothered by a $300 billion liabilities burden that has crushed its credit rating, share prices
