UAE central bank cash deposits up by 10.2% in Oct to $187 billion
Abu Dhabi, UAE -- The Central Bank of the UAE (CBUAE) said Thursday cash deposits surged to AED 687.2 billion...Business
London’s transport shifts gears with TfL’s cargo bike action plan
London, United Kingdom - On a busy north London street, plumber Ben Hume-Wright zipped through the heavy rush-hour traffic to his...Business Climate Change
$24bn deals signed at Fifth China-Arab States Expo
Eight Chinese provinces and cities, including Beijing, Tianjin, Zhejiang, Henan, and Guangdong, have signed 12 investment projects with Arab countries...A total of 287 deals worth about $28.56 billion were signed at the Fourth China-Arab States Expo.
More than 1,000 domestic and overseas enterprises have registered as exhibitors this year.
Saudi defense sector opens up for investment
Saudi Arabia has opened up its defense sector for local and international companies to invest in, and in this direction...GAMI launched digital marketplace platform offering investors easy access to local suppliers
Saudi Arabia’s General Authority for Military Industries GAMI has identified 74 investment opportunities, across six domains of the military industries sector
Aldar launches Yas Acres Magnolias
The community consists of 312 properties available for purchase from September 4.The gated community consists of 312 villas and townhouses available for purchase from Sept. 4.
Each unit has fixtures that reduce water and energy consumption, the company said.
Court to help UAE combat financial crimes established
DUBAI: A court has been set up in the United Arab Emirates with a focus on combating money laundering, Dubai...UAE had earlier established the Executive Office of the Anti-Money Laundering & Countering the Financing of Terrorism.
The new court will reinforce UAE’s compliance with international anti-money laundering and law-enforcement standards, says Judge Dr. Abdullah Al Shamsi.
Saudi SMES exempted from commerce register fees
Eligible for exemption are those wishing to issue a new trade register from the financial equivalent for three years and...Startup costs for commerce fees register decreased by 96 percent for companies, according to ministry of commerce.
Decrease in commerce fee register for enterprises decreased from 33-75 percent.
Graft, security issues feed trade in Iraq’s past
Do you want to buy a more than 3,000-year-old Sumerian tablet, listed as the property of a gentleman from Sussex...The purchased antiquity may not be handed down but handed on, via smugglers and middlemen
Also, the ownership history of some such objects can be harder to prove
UAE introduces 22 new licenses under Basic Industries Project
The project promotes local industrial investment in key sectors such as medical, food, steel, cement.A total investment of AED 286 million has been reported by ADDED, IDB in the new licenses.
IDB seeks to add 50 new local industrial facilities over the next three years.
ADNOC emerging as UAE’s FDI magnet
Besides wooing $74 billion investments, the oil giant has helped the country gain the top position in the Middle East...ADNOC has set its eyes on developing green hydrogen and blue ammonia products.
The company plans to spend $122 billion between 2021 and 2025 to develop its businesses.
Ajman Chamber, China’s Dahua explore tech investment opportunities
The two discussed opportunities for cooperation to support multinational companies in the Emirate of AjmanThe two discussed opportunities for cooperation to support multinational companies in the Emirate of Ajman
Dahua is a leading Chinese tech solutions provider specialising in video surveillance products, data security, alarms, motion sensors and access control
Saudi Arabia to create million tourism jobs by 2030
Saudi Arabia has developed cultural, heritage tourism projects in more than 25 tourist destinations and eyes 100 million tourists by...Saudi Arabia has developed cultural, heritage tourism projects in more than 25 tourist destinations
By 2030, the country expects to enhance its airport capacity by 30 percent