India’s stock market edges out Hong Kong to become world’s fourth largest
New Delhi, UAE--India's stock market has edged out Hong Kong to become the world's fourth-largest, a milestone that underscores growing...Business
ASFAR, Municipality of Al-Ahsa sign agreement
RIYADH, SAUDI ARABIA - ASFAR, the Saudi tourism investment company wholly owned by the Public Investment Fund of Saudi Arabia,...Business Economy Tourism
UAE, China discuss strategic ties, common concerns
The two countries also reviewed bilateral partnership and cooperation in confronting the Covid-19 pandemic.Sheikh Abdullah bin Zayed Al Nahyan, the Minister of Foreign Affairs and International Cooperation attended the discussions for the UAE
He spoke on the phone with Wang Yi, State Councilor and Foreign Minister of China
Innovation, partnerships put Dubai at forefront of financial markets: Analysis
DUBAI: Innovative initiatives and partnerships along with a series of regulatory reforms have placed the financial markets industry in Dubai...Dubai Competitiveness Office cited DIFC's example, which was ranked amongst the top 15 global financial centers consistently.
Financial market ecosystem in the emirate is well-positioned to enable capital flows.
Saudi Arabia reaches out to France for stronger economic ties
The move aims to further enhance bilateral investment relations by making use of the opportunities offered by Saudi Vision 2030.The Minister of Investment of Saudi Arabia, Khalid bin Abdulaziz Al-Falih, is on an official visit to France
He is accompanied by a high-level Saudi delegation from government agencies, national companies, and representatives of the private sector
Saudi telecom firm stc gets higher rating from Moody’s for ‘strong financial metrics’
Moody’s, the bond credit rating firm, has upgraded the Baseline Credit Assessment (BCA) of Saudi Arabia’s stc, saying it has...The telecom company’s BCA was revised from a1 to a2, and Moody’s also affirmed its A1 long-term issuer rating
'The upgrade reflects stc's leading position in the Saudi telecom sector, which has considerable growth opportunities'
Pact signed for setting up incubator to support SMEs in Oman
DUBAI: An incubator to support Small and Medium Enterprises in Oman will be established by Oman’s Authority for Small and...The incubator will be specialized in the logistics sector, supply chains, and services affiliated with the Public Authority for Special Economic Zones and Free Zones.
A pact was signed between Oman’s Authority for Small and Medium Enterprises Development (Asmed) and Oman Drydock Company in this regard.
Dubai records $327m realty deals in week ending Wednesday
The deals consisted of 266 real estate sales transactions worth AED849.88 million.August 2021 was the second-highest month since December 2013 in terms of the number of sales transactions in one month.
The real estate market in Dubai is seeing sustained growth in the run-up to Expo 2020 Dubai.
GCC: Public-private partnership to boost healthcare
From 2018 to 2022, the private-sector healthcare spending is forecast to increase at a cumulative annual growth rate (CAGR) of...From 2018 to 2022, the private-sector healthcare spending is forecast to increase at a cumulative annual growth rate (CAGR) of 9.5 percent
A report on GCC Healthcare Industry said that the healthcare expenditure was projected to reach US$104.6bn in 2022 from an estimated US$76.1bn in 2017
Union Properties exits Dubai shopping deal
The deal with an unnamed developer was valued at $114m.The company chairman calls the deal a part of the firm's plans for diversifying the real-estate portfolio.
Union Properties posted a profit of AED 32 million for H1.
Dubai real-estate transactions for August cross $4bn
These are the latest numbers from the 18th edition of Mo’asher, which is Dubai’s official sales price index.The number of transactions in August 2021 was 5,780
They are said to be worth AED14.97 billion (around $4.08 billion)
Abu Dhabi to use drones for delivery of vaccines and drugs
DUBAI: Abu Dhabi's department of health (DoH) will be using drones for the transport of high-value medical goods such as...US-based Matternet partners with logistics company Skygo and Department of Health for 'world's first city-wide medical drone network.
SkyGo and Matternet have completed the first phase of in-country flight testing.
