Price of natural gas in Europe falls to a 3-year low
LONDON, UK – The price of natural gas in Europe fell again on Friday, taking it to its lowest in almost...Business Economy Energy Geostrategy
Lloyds Group profit is $6.2bn
High interest rates benefitted the British lender and banking sector as a whole.Company News Business
Resilient UAE health sector attracts job seekers
At G20's first Health Working Group meeting in India, UAE affirmed its commitment to play an active role in addressing...One of the prominent successes of Nafis program has been the inclusion of local students in health sector cadre development.
A UAE delegation attended G20's first health working group session held in India from January 18 -20.
UAE launches ‘Tax Support’ program to promote compliance with laws
Dubai, UAE - UAE's Federal Tax Authority (FTA) started the ‘Tax Support’ initiative to raise tax awareness among UAE’s business...The step is likely to help the businesses in enhancing compliance with tax laws and regulations.
As a result, the first workshop for 2023 under the initiative was held on 24th and 25th January in Oud Metha, Dubai.
Qatar joins consortium to explore Lebanon’s offshore gas
The deal will see the state-run QatarEnergy receive a minority 30 percent stake in two blocks of Lebanon's exclusive economic...The pact greenlights Lebanon's exploration of its southern Sidon reservoir following the signing of the landmark deal last Oct demarcating its maritime borders with Israel.
Under a United States-brokered accord, Lebanon and Israel, which are officially still at war, delimited their maritime borders in October 2022.
Jordan, EU sign two financing agreements worth US$69m
AMMAN, JORDAN - Confirming its role as one of Jordan’s main supporters, the European Union (EU) on Sunday signed two...The first is financing a US$42 million program in support of Jordan's Ministry of Justice, Judicial Council, Judicial Institute and Public Security Directorate.
The second US$27 million contributes to the "Green Growth" program from the Food and Resilience Facility.
DEWA commissions 17 transmission substations worth US$871m in 2022
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) inaugurated 17 new substations in 2022.These include fifteen 132kV stations with...The transmission substations include 15 132kV stations with a conversion capacity of 2,280 megavolt amperes (MVA) and two 400kV stations with a conversion capacity of 4,000 MVA.
DEWA installed 5km of 400kV overhead transmission lines and 247km of 132 kV ground cables to connect the substations to the main transmission network.
Qatar’s planning authority, Microsoft to push emirate’s digital goals
Doha, Qatar-- Qatar's Planning and Statistics Authority (PSA) and Microsoft have signed an MoU to support the digital transformation in...The MoU will enable the Authority to implement projects, disseminate data and statistics, and support sustainability in line with Qatar National Vision 2030.
Microsoft will provide PSA with full support, full access to global industry specialists, as well as support in artificial intelligence activities.
Abu Dhabi stock exchange expects boom in listings in 2023
Abu Dhabi, UAE-- The Chairman of the Abu Dhabi Securities Exchange Hisham Khalid Malak expects an increase in listings on...Last year the stock exchange featured five initial public offerings and two dual listings, as well as listings for six exchange-traded funds and one blank-cheque company
The chairman said the global picture is "starting to look better than expected, with a soft landing now forecast in the United States"
Dubai realty: 2023 starts with ‘strongest’ sales
The emirate saw a record-breaking rise in real estate sales in the first two weeks of 2023, with a total...The emirate saw a record-breaking rise in real estate sales in the first two weeks of 2023, with a total of AED13.22 billion transacted across 4,275 deals, data suggest
Sales of record amounts in the Dubai real estate market are indicative of the market's maturity and the maturity of its numerous real estate goods, the reports highlight
Flybe stops trading, cancels flights
Earlier it was a leader in the UK domestic flights sector."We are sad to announce that Flybe has been placed into administration," the airline tweeted.
The UK Civil Aviation Authority advised passengers booked with Flybe not to go to the airport.
Dubai is the new destination wedding choice for couples
DUBAI, UAE- Dubai is fast emerging as the city of choice for destination weddings, with a growing number of event...This is in line with the efforts aimed at boosting the emirate's stature as a perfect place for living, work and visit, and a global destination for weddings
Globally, people are choosing Dubai to celebrate not only weddings, but also milestone celebrations and personal occasions
