TECOM Group net profit up 49%
The company recorded its highest-ever revenue of AED 2.2 billion.Company News Business
Prescott announces Dubai project
The project is worth AED140 million (more than $38 million).Prescott Real Estate Development is launching a residential development called Prime Residency III in the Al Furjan area of Dubai
It will be a mixed-use development that offers studios and one-bedroom apartments, with views of the city’s skyline
Aramex vows to cut emissions
It has signed a deal with the Science Based Target initiative.Aramex has signed a commitment with the Science Based Target initiative to significantly reduce its greenhouse gas emissions by 2030
The SBTi is a partnership between CDP, the United Nations Global Compact, World Resources Institute, and WWF
UAE passport strongest in GCC, 16th in global ranking
The United Arab Emirates is followed by Qatar (60), Kuwait (61), Bahrain (69) and Oman (71) on the Henley Passport...The United Arab Emirates is followed by Qatar (60), Kuwait (61), Bahrain (69) and Oman (71) on the Henley Passport Index
The Henley & Partners' list is one of many that rank passports based on their ability to provide access to their citizens
Gulf International Bank closes $625million sustainability-linked syndicated loan
Gulf International Bank (GIB) said on Sunday that it has closed a $625 million sustainability-linked syndicated loan (SLL), making it...The deal makes it the first majority Saudi-owned bank to close such a facility.
The deal was oversubscribed by more than two times with $1 billion commitments from 20 global investors.
Turkish fires endanger world pine honey supplies
Turkey’s pine honey harvests — especially in the Mugla region — were already suffering from drought when the wildfires hit....Turkey as a whole makes 92 percent of the world’s thick, dark pine honey
The Mugla region, where 80 percent of Turkey’s pine honey is produced, has been ravaged by fire and floods
KSA, UAE lead GCC in maritime trade
Saudi Arabia is planning to invest US$36bn in logistics and aims to become a regional hub for the shipping sector,...Saudi Arabia is planning to invest US$36bn in logistics and aims to become a regional hub for the shipping sector, a position enjoyed by the UAE for many years
The UAE has 10 major ports followed by Saudi Arabia (9), Qatar, Oman and Bahrain (5 each) and Kuwait (3)
Egypt’s pavilion at Expo 2020 draws 50,000 visitors in the first week
More than 50,000 visitors have been to Egypt’s pavilion at Expo 2020 during the first week of the gala event...Egypt’s industry and trade minister: Turnout meant the pavilion was one of most attractive for visitors
Interactive displays show the developments that Egypt is witnessing in all fields
Jordan dedicates pavilion at Expo 2020 to youth of the country
The creativity of Jordanian youth was celebrated with the opening of the country’s pavilion at Expo 2020 Dubai.The displays were built by young people from Jordan
The ceremony was attended by Jordanian, Arab and foreign officials and community members
Evorra secures pre-seed investment
Investors include Area Tech Holdings and FirstPartyCapital.The funds will be used to finalize Evorra's B2B SaaS audience marketplace.
Evorra offers a solution to the death of third-party cookies so that brands can be custodians of their customer’s marketing data.
UK and Gulf nations negotiate trade deal
"It brings me great joy and pleasure to officially announce the official launch of FTA negotiations between GCC countries and...The UK already enjoys strong economic links with the nations of the GCC, comprised of Saudi Arabia, the United Arab Emirates, Qatar, Bahrain, Kuwait and Oman
Trade between the UK and the Gulf nations topped 30 billion pounds ($41 billion) in 2020, according to the British government
