Its green bond program hits $2.75 billion.
The Group's revenue increased 8 percent YoY.
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.
- 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
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
RAS AL KHAIMAH, UAE - 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.
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.
ABU DHABI, UAE - The Ministry of Industry and Advanced Technology (MoIAT) and MEXT signed a memorandum of understanding (MoU)...The move is part of the UAE's efforts to accelerate decarbonization and digitalization within the global manufacturing sector.
First implemented in the UAE in February in line with the UAE Net Zero by 2050 strategic initiative, the ITTI will soon be deployed in the region.
The acquisition is expected to complete by early 2024.The offer was pitched at US$48.5 (£38.75) per share - a 44-percent premium from April 12 - before Dechra first revealed it was holding bid talks.
Dechra Pharmaceuticals has over 2,000 employees and seven production sites across the world, and sells veterinary products in 63 countries.
Dubai, UAE -- French multinational aerospace and defense technologies company Thales has launched 'Go to UAE' initiative with the support...Launched on day two of the Make it in the Emirates Forum, the initiative is being carried out in collaboration with Tawazun Council.
The initiative will help UAE suppliers benefit from this program by integrating with opportunities across Thales Global Supply Chain.
Major GCC newspapers -- including Khaleej Times and Gulf News -- have ceased weekend editions due to financial pressure and...Major GCC newspapers -- including Khaleej Times and Gulf News -- have ceased weekend editions due to financial pressure and declining readership.
The move has drawn mixed reactions, with some appreciating the step towards digital adaptation and others worrying about the potential impact on journalism quality
The Saudi wealth fund will acquire a 30% stake in the gorcery chain.PIF owns several strategic investments in the consumer goods and retail sector, such as Noon.com, an online Middle East shopping platform.
Tamimi Market Company has a track record over a period of more than 40 years in Saudi Arabia, with over 100 stores and five distribution centers.
