UAE stocks see US$1.7bn inflow, IHC, Emaar lead
ABU DHABI, UAE- The UAE stock markets attracted liquidity of nearly AED6.5 billion during the week's trading, with the focus...Business Markets
Britain expands investigation into Vodafone-Three UK merger
London, United Kingdom - Britain's competition regulator deepened Thursday its probe into Vodafone's planned merger of British mobile phone operations with...Business
PM issues law forming Dubai Investment Fund to oversee government investments
DUBAI, UAE – Vice President, Prime Minister and Ruler of Dubai Sheikh Mohammed bin Rashid Al Maktoum has issued Law...The law endows the Fund with the financial and administrative independence to pursue its objectives along with the legal mandate to do so.
Dubai Investment Fund will be responsible for investing Dubai Government funds, surpluses and the general reserve locally and internationally.
PIF sets up agri and ecotourism firm Dan Company
RIYADH, SAUDI ARABIA - The Public Investment Fund (PIF) announced on Monday the establishment of Dan Company, specializing in agritourism...The company plans to develop unique tourism projects around cities across Saudi Arabia with attractive natural and farmed landscapes.
Dan aims to involve local communities in imparting experience that enables visitors to fully interact with Saudi regional culture and traditions.
Arab meet calls for more investments in renewable energy
Speaking at the 12th Arab Energy Conference organized by the Organization of Arab Petroleum Exporting Countries (OAPEC), Qatar's Energy Minister...OAPEC Secretary General Eng. Jamal Issa Al Loughani emphasized the conference's focus on international energy market developments and their local and global implications.
He called for a careful balance between emission reduction, energy availability and affordability, while underscoring challenges in building sustainable energy systems.
Russia, Saudi say sovereign Palestine state vital for regional peace
RIYADH, SAUDI ARABIA – Russia and Saudi Arabia expressed concern on the present situation in Gaza and said that a...The two sides discussed the developments in Palestine and expressed their deep concern about the humanitarian catastrophe in Gaza.
Russia and Saudi Arabia stressed on the need to stop military operations in the Palestinian territories, and the need to protect civilians.
ENEC, X-energy sign agreement
The firms will collaborate on nuclear energy technologies.The MoU was signed at COP28 and comes in line with ENEC’s recently announced ADVANCE Program.
The central aim of ENEC’s ADVANCE program is to harness the latest advancements in nuclear energy technologies.
Bosch to cut 1,500 jobs
The firm said the cuts will be completed by the end of 2025.Bosch is facing major structural changes when it comes to transmissions as the shift to electromobility gathers pace.
The company stressed there would be no compulsory redundancies in the forthcoming cuts, in line with a recent agreement.
UAE green bonds and sukuk issuances touch US$4.20bn
According to Mohamed Ali Al Shorafa, Chairman of the SCA Board, the issuance of green bonds and Sukuk is one...The chairman of the SCA board applauded the UAE for its commitment to sustainability
He highlighted the SCA's decision to exempt companies wishing to list from registration fees
EasyLease buys 60% stake in Fully Charged
Fully Charged has expertise in EV charging technology.The move marks a significant step for EasyLease, reinforcing its presence in the sustainable mobility sector and establishing a role in the industry's development
A suite of services, covering home charger installations, corporate charging solutions, and reliable ongoing support, has been instrumental in the success of Fully Charged
TikTok announces online shop deal
Indonesia is TikTok's second-largest global market.Indonesia in September banned sales on social media to protect small businesses that were losing out to e-commerce giants
With 125 million users, Indonesia is TikTok's second-largest global market after the United States, according to company figures
Doha Forum debates advantages in Gulf-Europe green ties
Doha, Qatar-- Oil and gas producers in the Middle East are assessing "challenges and opportunities" available for their economies to...The discussion focused on opportunities for green cooperation between the Middle East and Europe, and the importance of enhancing the cooperation
The session highlighted opportunities this transformation provides for both regions, such as diversifying their economies and stimulating development cooperation
