UAE creates ‘Parkin’ to oversee parking space operations in Dubai
Dubai, UAE - The UAE has issued a law establishing ‘Parkin’, a public joint stock company (PJSC) that will oversee...Business
Qatari exports to clients surge in 2023 to US$412m: Tasdeer
Doha, Qatar--The Qatar Development Bank's Export Development and Promotion Agency (Tasdeer), a subsidiary of the Qatar Development Bank, announced an...Business
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
Egypt looks to neighbors, and beyond, for power supply
In order to make sure that Egyptians get an uninterrupted supply of electricity, Egypt has taken steps to strengthen power...The ministry is studying a huge project for power linkage with Cyprus, Crete and Greece
Shaker said the launch of power projects to connect with Libya is a strategic goal for the two countries
Uber Reserve launches in Dubai
Allows riders to book rides up to 30 days in advance.The feature comes in Premium and Economy categories.
Reserve rides can be cancelled any time up to an hour ahead of the scheduled pick up time with no costs.
Shaker H1 net profit SAR 15.3m
The company attributes growth to robust sales in four quarters.H1 earnings per share improved to SAR 0.24.
The revenue grew by 18.2 percent compared to H1 2020.
One ton of honey sells in Saudi Arabia in 10 days
At least one ton of honey has been sold in just 10 days at a festival in Baha, Saudi Arabia,...Beekeeper Yahya bin Tayran said Baha honey was one of the finest, especially if its source was far from where people lived
It has a display of different types of liquid honey and honey wax typical of the Baha region
Kuwait International Bank completes sale of NMC Health debt
Kuwait International Bank said it has completed the sale of its exposure in troubled UAE healthcare group, NMC.The sale of debt, worth over $13mln, is subject to approvals
The lender, which was owed $74.11 million by NMC health, in May decided to cut its losses and sell the debt to an unnamed entity for $13.25 million
Taliban inherit $1 trn trove of minerals
China could take lead to tap the untapped minerals including some that could power the world’s transition to renewable energies.Endless wars and poor infrastructure have prevented the country from getting its hands on the metals that could brighten its economic fortunes.
The resources include bauxite, copper, iron ore, lithium and rare earths, according to a January report by the US Geological Survey.
Six new projects approved for development of Hatta
Tourism and water have been the economic mainstay of Hatta, an inland exclave of Dubai.Hatta residents will be allowed to build 200 holiday homes to support domestic tourism.
504-km-long chairlifts, waterfalls, hotel among other projects.
Meet to discuss Islamic finance’s role in post Covid-19 recovery
The global forum organized by the Islamic Development Bank on Aug. 28 is being held as a side event to...The first panel of the forum will highlight the economic effects of the pandemic and the poverty trends in IsDB member countries.
The second panel will focus on Islamic finance PPP as a tool to mobilize resources to support IsDB member countries’ economic recovery.
