UAE records more than 25% growth in international card spending in 2023
Dubai, UAE--Total spending using international cards in the UAE witnessed a growth of more than 25% during the year 2023.J.K....Business
UAE, NeoNautica collaborate to develop Blue Pass platform
DUBAI, UAE – The Ministry of Energy and Infrastructure has signed a collaboration agreement with NeoNautica, a company specialized in...Business
GCC feeds growing appetite for catering services
Rising disposable incomes, demand from businesses and events, online food delivery services, and increased tourism are driving the growth of...Rising disposable incomes, demand from businesses and events, online food delivery services, and increased tourism are driving the growth of Gulf catering services market
Saudi Arabia leads the market, while the UAE is showing the fastest growth as major tech companies like Google and Microsoft are investing heavily in the sector
Jewels of Emirates continues to attract visitors on third day
SHARJAH, UAE- The fourth edition of Jewels of Emirates Show at the Expo Center Sharjah has so far seen record...The event received an overwhelming response from visitors, with exhibitors unveiling a stunning array of exclusive and rare jewelry pieces.
Emirati designer Shamma Al Hallami, in partnership with Salem Al Shueibi Jewelery, also debuted her latest collection of 18-carat gold jewelry
EU bicycle exports surged to US$1.1bn in 2022
BRUSSELS, BELGIUM - The EU exported US$1.1 billion (€1.1 billion) worth of bicycles in 2022 (both electric and non-electric, a...The EU exported 365,000 electric bicycles and imported 1.2 million in 2022 while the imports were worth US$2.6 billion.
The overall increase in the trade of bicycles can be attributed to an increase in the export and import of electric bicycles.
US firms to pay $1.2bn to clear claims of contaminating water sources
Three major chemical manufacturers announced that they will pay nearly $1.2 billion to settle claims that they contaminated water sources...Chemours would contribute $592 million, DuPont $400 million and Corteva $193 million to the settlement fund.
The group of chemicals known as PFAS, per- and polyfluoroalkyl substances, have been found to cause cancer and other health problems.
Renewable power capacity to rapidly expand, IEA report reveals
PARIS, FRANCE - Renewable power capacity is expected to jump by a third this year globally as growing policy momentum,...Renewables are at the forefront of Europe’s response to the energy crisis, accelerating their growth there.
New policy measures are also helping drive significant increases in the United States and India over the next two years.
DEWA extended 64km water transmission pipelines in 2022
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) extended water transmission pipelines of 64 kilometers lengths in several areas...The transmission pipeline extensions have remote monitoring for control of key water networks effectively around the clock.
This is through automated valves operated from the control centre to reduce interruptions and water network losses.
Middle Eastern Airlines post 38% rise in traffic in April 2023
Dubai, UAE - Middle Eastern airlines carriers posted a 38 percent increase in traffic in April compared to the same...With a capacity increase of 27.8 percent, Middle Eastern airlines accommodated the growing demand for air travel
Total air travel reached 90.5 percent of pre-Covid levels, highlighting a significant rebound in passenger demand
Cloud adoption may unlock $181bn for UAE economy
By 2036, cloud infrastructures in UAE could generate $11.2bn for the country's economy, supporting about 6,000 full-time jobs annually, says...By 2036, cloud infrastructures in UAE could generate $11.2bn for the country's economy, supporting about 6,000 full-time jobs annually, says a report by Amazon Web Services
The UAE outpaces the MENA region in cloud computing, with a 1% increase in cloud usage potentially boosting the GDP by an average of 0.21%, or $854.7m annually, it adds
RAKEZ presents benefit of investing in UAE industrial zones
RAS AL KHAIMAH, UAE -Â Ras Al Khaimah Economic Zone (RAKEZ) successfully participated in the second edition of the Ministry...Make it in the Emirates Forum brings together investors, prominent stakeholders to discuss the role of industrial zones in driving economic progress.
The forum aimed to position the UAE as a preferred hub for emerging industries on a global scale and promote local production by attracting investors.
US job hiring rises in May but wage gains ease
Hiring in the United States heated up again in May, according to government data released, with the strong labor market...The United States added 339,000 jobs last month, surpassing estimates and picking up from a revised 294,000 figure in April.
Wage gains in the US moderated slightly with average hourly earnings up by 0.3 percent, slightly down from 0.4 percent in April.
