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
Alef Group announces US$84m sales transaction at ACRES 2024
SHARJAH, UAE - Alef Group concluded its participation in the ACRES Real Estate Exhibition 2024 with resounding success, generating significant...Business
AD Ports to set up state-of-the-art cruise terminal in Jordan
AD Ports Group will set up a state-of-the-art cruise terminal at Marsa Zayed in Aqaba, Jordan, after the signing of...It will be the first facility to be developed by AD Ports Group in Jordan and its first cruise facility outside of the United Arab Emirates
The new terminal will serve as a gateway in the Port of Aqaba
Aramco, McDermott eye onshore modular construction
Saudi Arabia is aiming to give a boost to local industries and in this regard Aramco and McDermott, the US-based...Modular construction is a process where a building is constructed off site before being transported and assembled at a final location
The two companies will use McDermott’s Saudi Arabia Fabrication in Ras Al-Khair (SAFIRA) facility to conduct the feasibility study
Mitsubishi to supply Empower 100,000 refrigeration ton capacity chillers
DUBAI: Emirates Central Cooling Systems Corporation (Empower) will be using Mitshubishi's air-conditioning and heating systems for its environmentally friendly district...A deal between the two allows Empower to increase capacity to 200,000 refrigeration tons.
Empower will start using the new units in its plants under construction located in Zabeel, Business Bay, Madinat Jumeirah.
Villas to drive Dubai realty growth in Q4
Arabian Ranches, Dubailand, Dubai South, Palm Jumeirah, MBR City, Dubai Hills Estate and DAMAC Hills 2 are likely to be...Up to 50% sales growth is expected in the villa segment during Q4 on a QoQ basis
The demand for villas is expected to surge in the areas near Expo 2020
Johnson Controls to build Dubai RIT’s sustainable campus
The company has partnered with Dubai Silicon Oasis Authority for energy optimization and efficiency of the campus.RIT Dubai aims to attract students and faculty committed to building a net-zero economy.
More than 1,000 students can learn from the company's AI solutions.
Dubai business licenses issued in Aug register 54 percent growth
The growth reflects the ease of doing business in the Emirate and the government's measures to simplify procedures for businesses.59 percent of the new licences issued in August 2021 were professional.
At 38 percent, sole establishment companies topped the list, followed by civil companies and limited liability companies.
Saudi gold glitters more in the region
Gold prices reached record levels in 2020 following an increase in investor appetite because of COVID-19. The price of yellow...Gold jewelry shopping in Saudi Arabia and Egypt grows 13 percent and 4 percent and decreases 12 percent in the UAE
China purchased 191.1 metric tons of gold in 2021, followed by India, which bought 102.5 metric tons
Iran looks east after China-led bloc okays entry
Iran has been trying to enter the SCO for years, and was close last year, but Tajikisatn objected to it.Iran has hailed its acceptance into the Shanghai Cooperation Organization, a bloc led by China and Russia
This, for it, was an eastward turn that it sees as opening access to major world markets and a counter to Western sanctions
UAE reelected as vice president of Belt and Road Tax Forum
The United Arab Emirates (UAE) has been elected as vice president of the Belt and Road Initiative Tax Administration Cooperation...The UAE’s delegation participated in the Supervisory Board meeting, where the President and the Vice President of the Forum were elected
The decision to continue with the UAE was taken during meetings bringing together participants from around 57 countries around the world
Dubai Police to use AI to secure Expo 2020
This would include monitoring visitors for safety from the moment of their arrival to the UAE until they reach the...The Dubai authorities have already taken several other steps to secure Expo 2020
This is especially after it has already been delayed by a year due to the Covid-19 pandemic
