GCC realty builds on diversification, sustainability
The Gulf real estate sector demonstrates remarkable resilience, buoyed by strategic economic diversification and a focus on sustainable and innovative...Business
Europe stocks rise, Asia tepid as oil jumps and Bitcoin shines
Following record highs in 2023 for the likes of Paris, Frankfurt and Tokyo, investors are predicting more gains as central...Business
GCC equity markets shine in H1 2021
The growth was spurred by abundant liquidity created by easing monetary and fiscal policies besides a rebound in oil prices.The pharma and biotech index topped performance during H1 2021 with returns of 24.3 percent and 50.4 percent.
Abu Dhabi Exchange topped the region’s equity markets by gaining as much as 35 percent.
Social cost of 2019’s plastic more than GDP of India
There is increasing international alarm over the sheer volumes of fossil-fuel based plastics entering the environment, as microplastics have infiltrated...It estimated that unless there was concerted international action, a projected doubling of plastic production could see costs rocket by 2040 to $7.1 trillion.
Since the 1950s, roughly 8.3 billion tons of plastic have been produced with around 60 percent of that tossed into landfills or into the natural environment.
TotalEnergies inks $27bn deal to power Iraq
The French firm, formerly called Total, will now build four power projects in Iraq.Iraq said this was the largest investment in Iraq by a Western company
Iraq has immense reserves of oil and gas, but is facing an acute power crisis despite that
Oman Air inks deal in tourism push
The national carrier of Oman inked the deal with tripsnstay.The agreement follows the recent announcement of Oman easing travel restrictions
The country on September 1 reopened its doors to vaccinated travelers with a negative PCR test result
Al Zorah selling new Ajman plots
Th plots are part of phase 2 of The Fairways project in Ajman.This phase of the project is said to feature a total of 90 townhouses, 71 villas, and 33 buildings
All of them will be overlooking the golf course and the Al Zorah Mangrove
DP World, FESCO to study Russia berth
Vladivostok and Murmansk identified as transshipment hubs.The berth will help expand Vladivostok Commercial Seaport as a transshipment hub connecting cargo from East Asian countries to North-West Europe via the Northern Sea Route.
A record 33 million tons of cargo was carried along the route in 2020.
Amazon Web Services will help firms drive innovation: Dubai FDI
DUBAI: The Dubai Investment Development Agency (Dubai FDI), the investment promotion agency of Dubai Economy, has said Amazon Web Services’...AWS plans to open data centers in the UAE in 2022.
The new AWS Middle East (UAE) Region will consist of three Availability Zones and become AWS’s second region in the Middle East.
Emirates Post names new chairman
EPGC has announced that Badr Al Olama is its new chairman.Badr Al Olama is the current executive director of the UAE Clusters at Mubadala’s Investment Company
He also spearheads the organizing committee of the UN-backed Global Manufacturing and Industrialization Summit
Bahrain cuts truck wait duration by 15 times
Bahrain’s Customs president hailed importers, traders, and customs agents for the achievement.Bahrain said it has reduced the average waiting period for such loaded trucks to just 52 minutes in the first half of August
This was in comparison to the 757 minutes — more than 12 and a half hours — in the previous years
Five cities poised to become GCC tech hubs
As part of economic transformation, some Gulf countries seek to achieve targets in digital transformation via long-term plans such as...The UAE has become a technological leader in hosting the world's largest event, Expo 2020 Dubai.
In February 2021, 24 global firms had signed agreements to open regional offices in Riyadh.
