Resilient supply chains are essential to global trade: Expert
DUBAI, UAE – For over 30 years, globalization has been the evergreen megatrend as global trade has helped lift some...Business Global
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.
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.
