Brighter US economic outlook fuels global oil demand growth forecast
Rising fuel needs of ships rerouted away from the Red Sea also to increase demand, the International Energy Agency said....Business Energy
ADNEC to organize first Bitcoin MENA Conference in Abu Dhabi
Abu Dhabi, UAE--ADNEC Group has announced the launch of the region's first Bitcoin MENA Conference 2024 set to take place...Business
Qatar provides maritime radio station licensing for small ships in Al Khor, Al Ruwais cities  Â
DOHA, QATAR -Â The Communications Regulatory Authority (CRA) has announced the provision of maritime radio station licensing services for small...Qatar's Communications Regulatory Authority aims to process the requests of a large segment of the residents of the northern cities of the country.
These services will facilitate the completion of their applications related to maritime radio station licensing for small ships.
ECI, KazakhExport ink MoU
Aim is to enhance trade between the UAE and Kazakhstan.The MoU is in line with the We the UAE 2031 vision aimed at strengthening bilateral economic relations between the two countries.
The aim is to enhance economic ties in renewable energy, waste management, between the UAE and Kazakhstan.
Stock markets rise globally on cooling US inflation
Stock markets jumped after data showed US inflation slowed further in May, raising hopes the Federal Reserve will pause its...The dollar fell against other major currencies as the greenback usually benefits from higher interest rates.
The US central bank has raised interest rates 10 straight times in efforts to combat elevated inflation.
HUB71 reveals winners of The Outliers Program to address industry challenges
ABU DHABI, UAE - Hub71, Abu Dhabi's global tech ecosystem, on Tuesday announced the winners of The Outliers Program, which...Participating startups have been recognized for their innovative solutions in various challenges set by Hub71’s strategic partners as part of The Outliers.
The winning startups were successful for the companies’ ability to implement innovative products and services that can have a positive impact.
DEWA commissions 6 new transmission substations in Jan-April 2023
DUBAI, UAE - Â Dubai Electricity and Water Authority (DEWA) has commissioned six new 132/11 kV transmission substations from January to...The project included 3,450 meters of 132kV ground cable to connect with the main transmission network.
The new transmission substations are in Al Jaddaf, Tilal Al Ghaf, Bani Yas, Jebel Ali Port, Marsa Dubai and Al Yufrah 1.
Which country leads Arab world in business ease?
Arab nations have implemented several reforms to improve the ease of doing business. TRENDS take a look to determine the...Arab nations have implemented several reforms to improve the ease of doing business. TRENDS takes an in-depth look to determine the most business-friendly country in the region
Business reforms have led to a significant increase in foreign direct investments, contributing to the growth of both the public and private sectors in the Arab countries
10th Arab-China Business Conference ends with Riyadh Declaration
Riyadh, Saudi Arabia -- The 10th edition of the Arab-China Business Conference successfully concluded on Monday with the announcement of...The first day of the conference featured the signing of US$10 billion worth of investment agreements, spanning more than 30 deals across an array of sectors
The conference featured 9 panels, 18 workshops, and several private meetings and hosted 150 speakers to explore, discuss Arab-Chinese economic cooperation
UAE and South Korea agree to support SMEs, entrepreneurship
Dubai, UAE-- The UAE and South Korea are aiming to foster cooperation to promote entrepreneurship and support growth of small...The UAE's Minister of Economy, Abdullah bin Touq Al Marri, noted the strong business and strategic ties between the two countries, which continue to grow on many fronts
South Korean FDI in the UAE, in insurance, mining, energy, real estate, touched US$2.2 billion in 2021, registering a staggering 73 percent growth since the beginning of 2013
UAE and Russia hold talks to eliminate double taxation
Dubai, UAE--The UAE and Russia have held the second round of negotiations on the double taxation agreement on income and...The agreement is designed to provide protection to taxpayers from double taxation and remove bottlenecks on the path of trade and investment
The UAE noted the importance of dialogue in fostering better bilateral relations with Russia, resulting in growth in trade, finance and investment
Saudi Arabia to provide visitors with instant e-visa to boost travel
Riyadh, Saudi Arabia-- In order to boost the travel and tourism industry in the kingdom, Saudi Arabia will offer instant...The visa on arrival is just the latest step in Saudi Arabia's drive to make it easier for visitors to undertake a trip to the kingdom, boosting arrivals to 100 million by 2030
The Saudi Tourism Authority has adopted digitization increasing accessibility and connectivity for visitors to enter the kingdom and enjoy its natural and cultural diversity
