Qatari exports to clients surge in 2023 to US$412m: Tasdeer
Doha, Qatar--The Qatar Development Bank's Export Development and Promotion Agency (Tasdeer), a subsidiary of the Qatar Development Bank, announced an...Business
IHC announces formation of 2PointZero – a next generation holding company
ABU DHABI, UAE - The International Holding Company (IHC) announced the initiation of the transfer of 2PointZero, a next generation...Business
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.
Kuwait’s equity market gains for sixth consecutive month
DUBAI: Kuwait’s equity market sustained its upward momentum in August as Kuwait All Share index rose 3.1 percent for the...Consumer goods sector top gainer followed by banks.
S&P GCC composite index gained 3.6 percent in August as all GCC markets, except Oman, were positive for the month.
IsDB’s insurance arm and IFPA sign agri-food pact
DUBAI: To promote agri-food projects and investments, the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), the...Agreement provides both agencies framework for collaboration, including attracting and promoting investment.
IFPA aims to foster direct relationships between agricultural businesses in the Islamic Organization for Food Security member states.
Saudi state media companies to move from Dubai to Riyadh
The decision follows an earlier Saudi move to stop giving state contracts to companies and commercial institutions with Middle East...The decision follows an earlier Saudi move to stop giving state contracts to companies and commercial institutions with Middle East headquarters in any other country
According to reports, Al-Arabiya and Al Hadath TV channels have informed their employees that they plan to broadcast 12 hours a day from Riyadh by next January
True Global Ventures closes blockchain fund at $100m
The TGV 4 Plus fund, which has been oversubscribed, focuses on blockchain firms primarily in late-stage equity funding Series B...TGV is funded by 40 partners who contribute 27%, along with a number of entrepreneurs, business angels, family offices and institutional investors
Many limited partners of True Global Ventures are based in the Middle East
GCC can help shipping industry curb emissions
Saudi Arabia and the UAE are already off the starting mark in their efforts to supply alternative fuels to the...Hydrogen requires high-pressure tanks when stored as a gas or temperatures of -253°C when stored as a liquid
Ammonia can be used as marine fuel as the conversion process is economical and involves little fuss
New Oman mall to create 3,500 jobs
The Mall of Oman is said to be the country’s largest complex of its kind.The Mall of Oman has the only IMAX experience in the country
It will soon have global cafés and restaurants that offer more than 50 dining options
