- Gargash Goup, the UAE-based conglomerate, has bought out Deem Finance, the financial services provider, for an undisclosed sum. The conglomerate...
Firm looks to enhance its offerings in financial services sector
Deem Finance offers credit cards, personal loans and wholesale deposit products to UAE corporate clients
- 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
- 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
- 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.
- 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.
- 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 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
- 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





















