Iraq economy likely to grow this year, says IMF
BAGHDAD, IRAQ – Economic growth of the country is projected to continue amid fiscal expansion, an International Monetary Fund (IMF)...Business Culture & Society
Total value of Saudi Arabia’s export of dates reaches US$389m in 2023
RIYADH, SAUDI ARABIA - According to data released by the National Center for Palms and Dates (NCPD), the value of...Business Economy Global
UAE India’s second biggest export destination, third for imports
Dubai, UAE -- The UAE continues to be the second most important export destination for India, according to annual trade...India's Ministry of Commerce and Industry said the US and the UAE retained the first and second place as top export destinations for the country.
The number of new Indian companies that joined Dubai Chamber of Commerce in 2022 exceeded 11,000, bringing the total to 83,000 companies.
Microsoft’s move to buy games giant faces triple anti-trust threat
Brussels, Belgium--Depending on which side you're on, tech giant Microsoft is either the hero fighting to bring some of the most...The company has set itself the task to convince all three EU, UK and US regulators to back its $69 billion bid to take over Activision Blizzard
Sony, the PlayStation owner, says the deal will give Microsoft the power to limit rivals' access to the popular franchise
UAE has invested $5bn dollars in Brazil: UAE minister
Abu Dhabi, UAE - The UAE is among the largest international investors in Brazil, with an estimated US$5 billion in...The two countries, have maintained a fruitful cooperation across many sectors such as industry, transportation, shipping, storage, infrastructure, etc
The UAE is Brazil's top trading partner in the Arab region, while Brazil is one of the Emirates' most important and recognized partners in Latin America.
Empowering women can drive economic growth in GCC region
Many countries in the region have invested in education and provided better access to technology-related fields, resulting in women graduating...Many countries in the MENA region have invested in women's education and provided better access to technology-related fields
This trend has resulted in women playing a significant role in high-profile tech projects in the region, such as the UAE's Mars Hope probe
GCC data center market to reach $5.5bn by 2028
Major cloud service providers such as Microsoft, Tencent Cloud, Oracle, Amazon Web Services, and Alibaba Cloud are establishing local cloud...Saudi government has implemented the Cloud First policy to encourage the adoption of cloud services
Microsoft, Tencent Cloud, Oracle, Amazon Web Services, and Alibaba Cloud are establishing local cloud regions
Lula visit: Brazil, UAE seal climate, biofuels deals
They also announced a series of deals, including one for the UAE-controlled Mataripe refinery in northeastern Brazil to invest up...The countries said in a joint statement the leaders had discussed a range of subjects including trade, technology, defense, aviation and food security
The strategically located Gulf monarchy is Brazil's second-largest trading partner in the Middle East, according to the official WAM news agency
Brazil president reaches UAE to enhance bilateral ties
ABU DHABI, UAE - Brazilian President Luiz Inacio Lula da Silva arrived here Saturday, following a two-day visit to China to...The UAE is Brazil's second-largest trading partner in the Middle East, according to reports.
Trade between the two trade excluding petrol totaled over US$4 million in 2022 - a 32 percent rise from 2021.
UAE launches its second nanosatellite DEWA SAT-2
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) successfully launched its second nanosatellite, DEWA SAT-2, aboard SpaceX’s Falcon 9...The launch of DEWA SAT-2 underlines the firm's commitment in using space technologies to improve the operations and maintenance of electricity and water networks.
The nanosatellite was designed and developed by Emiratis at DEWA’s Research and Development Center, in collaboration with NanoAvionics in Lithuania.
Nuclear power reactors to shut down in Germany
BERLIN, GERMANY - Germany will switch off its last three nuclear reactors on Saturday, exiting atomic power even as it seeks...The exit decision was popular in a country with a powerful anti-nuclear movement, stoked by lingering fears of Cold War conflict and atomic disasters.
The challenge caused by Russia's invasion of Ukraine put an end to cheap gas imports and has upped calls in Germany to delay withdrawal from nuclear power.
Presight signs MoU with Senegal for digital transformation in African nation
Abu Dhabi, UAE--Presight AI and the Ministry of Communication, Telecommunications and Digital Economy of the Republic of Senegal (MCTEN), have...In order to transform government services, Presight will work with Senegal to support and deliver turnkey solutions using big data analytics and AI technology
The agreement is expected to boost governemnt efficiency, create a better business environment, and promote socio-economic development in the country.
