UAE and Jordan discuss boosting trade and investment ties
Amman, Jordan--The UAE and Jordan discussed enhancing trade and investment relations in order to stimulate joint economic growth and create...Business
ROSHN recognized as best place to work in Saudi Arabia for 2023
Riyadh, Saudi Arabia -- ROSHN Group has been recently recognized as "The Best Place to Work in Saudi Arabia" for...Business
Minerals Development Oman to build titanium dioxide plant
DUBAI: Minerals Development Oman (MDO) will build a titanium dioxide production plant with an annual capacity of 150,000 tons in...The plant will have an annual production capacity of 150,000 tons.
MDO will own 35 percent of the project shares, while the remaining shares will be owned by strategic partners.
Aramco taps Honeywell for sustainability, productivity
This cooperation builds on a 2017 MoU between Honeywell and Aramco to explore the benefits of Honeywell's Industrial Internet of...The two companies will look to explore the co-development and commercialization of next-generation digital technology solutions
The solutions will be designed to help improve productivity, sustainability, and operational excellence of industrial companies
Powerbar Gulf, parent selling for $1.8bn
Vertiv Holdings Company is making the buy via its subsidiaries.The deal includes upfront consideration and the potential for $200 million in cash, based on achieving 2022 profit milestones
The upfront consideration consists of $1.17 billion in cash and approximately $630 million of Vertiv’s common stock
Kuwait’s Burgan Bank gets approval to issue $500m senior bonds
Kuwait's Burgan Bank has been allowed to issue up to $500 million senior unsecured bonds under its Euro Medium Term...The bank said the proceeds from the bond issuance will help it reinforce its long-term liquidity.
The bonds will have either a five-year tenor and a fixed coupon, or a six-year tenor with redeem option.
Dubai 11th popular city for investment visa programs, second for Covid safety
Henley & Partners’ Best Residence-by-Investment Cities for Business Index ranks cities according to lifestyle, tax, education, real estate, healthcare, security,...Dubai scored highest overall in the index in the tax category.
The emirate was second on the index for Covid-19 safety.
Instagram to curb mental harm
Instagram has worked to address problems of bullying, suicideInstagram is now exploring ways to understand what kinds of posts make viewers feel bad in comparison and then "nudge" people to content more likely to make them feel good
Social media giant is making a version of the social network for children 13 years old or younger, a move opposed by child safety advocates
UAE’s non-oil trade weathers pandemic to reach $371 billion in 2020
DUBAI: The UAE's non-oil trade rose to AED 1.403 trillion ($371 billion), reflecting the country's robust trade exchanges despite the...Imports have hit AED 785 billion, accounting for 56 percent of total merchandise trade.
China was UAE's main trading partner with the bilateral trade value reaching AED174 bn.
The Grand Renaissance Dam: Egypt’s Nile nemesis
Ethiopia's refusal to sign a binding agreement on the dam has dashed hopes of a settlement with Egypt and Sudan.Egypt's area under agriculture could lose by up to 72 percent in case of short filing of the dam.
Ethiopia has said earlier treaties on Nile waters have undermined its rights and the dam will help in the country's development.
UAE, Israel eye trillion-dollar business
The UAE marks one year since normalising ties with Israel today as the leaders hope the Abraham Accords could reap...The economic benefits have come quickly for the UAE and Israel after the US-brokered Abraham Accords
Both have signed a series of deals ranging from tourism to aviation and financial services
Chevron plans ‘lower carbon’ ventures
The activists want the company to do more to address climate concernsThe US oil giant said it would more than triple spending through 2028 to $10 billion on its "lower carbon” businesses.
Like its US rival ExxonMobil, Chevron has faced intensifying pressure from environmentalists
