MODON launches 10 projects
The projects in 6 industrial cities are valued at $143 million.Company News Business
New investors throng Dubai Financial Market to open accounts
Dubai, UAE--Brokerage firms at the Dubai Financial Market (DFM) opened 57,054 new investor accounts in 2023, marking a significant increase...Business
UAE banks flush with profit again with improved Q2 performance
The top ten lenders of the United Arab Emirates have shown a health rebound in profitability, with the country’s banking...Return on Equity (RoE) was back at Q4 2019-levels and loans and advances (L&A) showed improvement, according to a report from Alvarez & Marsal (A&M)
Aggregate RoE improved from 9.8 percent in Q1 2021 to 10.9 percent in Q2021, for the first time in the last five quarters, as net income increased 11.5 percent
UAE set to rake in millions from cricket
Come November, the Untied Arab Emirates will be hosting the T20 World Cup, with as many as 16 teams expected...The sport is expected to bring in millions of dollars in broadcast rights, advertisements, and packed stadiums of Pakistani and Indian fans
the hospitality industry and the aviation sector in the UAE stands to gain as 14 five-star hotels were fully occupied during IPL 2020 season in the country
Etihad arm to convert Boeings
Etihad Engineering will provide passenger-to-freighter conversions.Etihad Engineering will use its expertise and capabilities for the specialized Boeing 777-300ERSF conversion
It will initially facilitate two conversion lines to accommodate multiple aircraft conversions per year
Qatar Petroleum begins expansion
It has awarded an contract to Madrid-based Técnicas Reunidas.The expanded facilities will be utilized to handle liquid products from the four new LNG trains comprising the North Field East project
The facilities will also reportedly support two new LNG trains comprising the North Field South project
The most vulnerable Linux distros
Now, security solutions provider Trend Micro has said that detected millions of “security events” in Linux distributions — both in...The most common security event seen in Linux systems was coinminers
The Linux distro with the most vulnerabilities was CentOS Linux
Women-only business package introduced in Masdar
Masdar City Free Zone offers opportunities for UAE women who constitute 70 percent of UAE university graduates and are also...The announcement comes ahead of Emirati Women’s Day on Aug. 28.
A team of experts are available to assist aspiring women entrepreneurs.
Now airplanes probe earth for mineral wealth
Saudi Arabia has begun to obtain ‘high-resolution’ geological data spread over 600,000 square kilometers in the kingdom, enabling it to...He also said that the Kingdom is one of the richest countries in the world in terms of mineral resources with an estimated value of SR5 trillion ($1.3 trillion)
It will also attract investments in the mining sector to achieve the goals of Saudi Arabia’s Vision 2030
IsDB and OIC keen to boost cooperation
Both institutions will work toward supporting economic and social development in member countries.IsDB is organizing a forum in Tashkent on Sept. 2 on post-Covid 19 situation.
Both institutions will work toward supporting economic and social development in member countries.
Saudi IT sector eyes boom, likely to touch $27bn by 2025
The Information technology (IT) sector in Saudi Arabia will witness a big boom, with the market expected to touch $27...IoT market size is expected to grow at a compound annual rate of 26%
Cloud services are expected to make up to 30 percent of the total ICT spend in the Kingdom by 2030
Iran to set up real-estate stock exchange in H2
When established, it is expected to be Iran’s fifth major stock exchange.It will be under the purview of the Iran Mercantile Exchange or IME
Such an exchange is expected to provide housing units for the underprivileged
