Aldar ties up with Yellow Door Energy
They will supply solar power to 45 properties in the UAE.Business
Navigating the rising tide of cyber threats in GCC
"Critical infrastructure organizations are distinct from other enterprises; their downfall could bring entire sectors of the economy down with them....Business Opinion
PIF ups Activision Blizzard holding in second quarter
The sovereign wealth fund is at the center of the kingdom's plans to transform the economy by creating new sectors...During Q4 2020, PIF acquired 14.9 million shares of US video-game maker Activision.
Its other purchases last year included 7.4 million Electronic Arts shares and 3.9 million Take-Two shares worth about $1.1 billion and $826 million.
Tabreed plans to divest its $113.5m stake in Qatar Cool
Tabreed, the Dubai-listed National Central Cooling Company, will divest nearly 44 percent of its stake in Qatar District Cooling Company (Qatar...Assets located in non-core market for the firm
The transaction is estimated to be around 417 million dirhams ($113.5 million) and will not have any “material impact” on the firm,
ADNOC Invests $187m to raise Al Nouf oilfield’s capacity
The investment is a step towards achieving the 5 million barrels per day oil production capacity target by 2030, the...The company will add 20 wells to the Al Nouf field and expand the use of water and gas injection to enhance oil recovery.
It has awarded the 39-month engineering, procurement and construction contract of the Nouf development to Robt Stone.
Bahrain eServices revenue up 257% to $532m in H1
The number of financial transactions in H1 2021 exceeded 1.6 million, double the number in the same period last year.More than 1.1 million financial transactions were carried out on the national portal alone
This an increase of 76 percent compared to the same period of last year
UAE halts all flights to Kabul after Taliban takeover
The United Arab Emirates has cancelled all flights to Afghanistan, after Hamid Karzai International Airport in Kabul was overrun by...Dubai carriers Emirates and flydubai earlier halted flights to Kabul until further noti
Military flights evacuating diplomats and civilians were taking off from Kabul on early Tuesday morning
GCC airlines may continue to fly into losses
In 2020, airlines lost around $370 billion globally, while airports and air navigation services providers lost $115 billion and $13...The regional carriers will benefit from rapid vaccination rates on home markets
Net losses of the airlines in all regions are expected to come down in 2021
Abu Dhabi issues new Covid-19 norms for tourism and leisure venues
Restaurants can operate at 80 percent of their capacity and allow a maximum of 10 people at a table who...Those fully vaccinated within the last six months-- vulnerable groups within the last three months-- only will be allowed to attend events.
A negative PCR test taken within the previous 48 hours will be required with an ‘E’ showing on the Al Hosn app.
Dubai Investments to deliver $953m mixed-use projects by H2
The handover portfolio includes the final phase of the Mirdif Hills Project in Dubai and the Al Taif Business Center...The two projects together will provide more than 240,000 sq ft of commercial space with 100 retail units
There will also be over 280,000 sq ft of office spaces, more than 350 hotel rooms, and more than 1,200 residential and serviced apartments
Dubai to develop as polyurethane innovation hub: Pearl
Pearl Polyurethane has appointed a new CEO as part of an ambitious growth plan to double the size of the...Pearl Polyurethane has appointed a new CEO as part of an ambitious growth plan to double the size of the Dubai-headquartered company
Operating for over 25 years, the company has supplied polyurethane insulation foam systems for several trailblazing projects in the Gulf region
UAE, Iraq moot bilateral business council
Iraq and the UAE already conduct trade that was worth around $15 billion in 2019.Abu Dhabi Chamber Chairman Abdullah Mohammed Al Mazrouei and Iraqi Ambassador discussed the setting up of this council
Abu Dhabi Chamber Director-General Mohamed Helal Al Mheiri also attended the meeting