Vietjet to buy 20 A330-900 planes
The company signed MoU with Airbus for the widebody aircraft.Business
First phase of ‘Sustainable City’ project sells out in a day
Abu Dhabi, UAE-- Aldar Properties and Diamond Developers have sold out the first phase of its project dubbed Sustainable City...Sales at the first phase of the sustainability-centric community reached over $272 million
A total of 512 homes were available during the first phase of the project, with 76 percent of the units purchased by expatriates, of which 24 percent were overseas investors
Qatar, Cambridge University ink MoU to develop genome project
The project is a collaboration to develop and support an open information structure that will facilitate the comparative analysis of...The project is a collaboration to develop an open information structure that will facilitate the comparative analysis of financial regulations across jurisdictions
Under the MoU, QFCRA and CJBS-RGP aim to enhance the use and usefulness of data in regulating the financial services industry
Qatar and EU discuss ways to enhance economic and trade ties
Doha, Qatar-- Qatar and European Union have discussed means to enhance economic and commercial relations in a meeting between Qatar...The two discussed the private sector's role in activating trade and investment exchange.
Al Kuwari noted that there are mega Qatari investments in a number of European countries such as France, Germany, and others.
Dubai realty sector posts record sales in 2022
Real estate sector experts say facilities like Golden Visa were fueling expatriate interests in owning a property in the emirate.market experienced a record-breaking performance in 2022 in terms of sales, volume and value, according to media reports.
For luxury properties, the market registered an increase in growth by 97 percent in terms of value and 85 percent in terms of volume, reports said.
CBUAE, Egyptian Banking Institute discuss training, cooperation
ABU DHABI, UAE - The Central Bank of the UAE (CBUAE) and the Egyptian Banking Institute (EBI) which is under...CBUAE and Egyptian Banking Institute reviewed the prospects to enhance cooperation and exchange information.
They also discussed supporting professional capabilities-building and expertise development.
Dubai Customs makes 25.7m transactions, above 2100 seizures in 2022
Dubai, UAE-- Dubai Customs has completed 25.7 million customs transactions and made 2,147 seizures in 2022, while also winning several...Dubai Customs dealt with 388 intellectual property disputes in 2022, which included 14.5 million counterfeit items with a street value of AED 109.5 million.
It was active in recycling counterfeit goods with more than 93 recycling operations taking place throughout the year that targeted 173,000 counterfeit items.
Investments in Jordan industrial estates rise 19 percent in 2022
AMMAN, JORDAN - Investments in industrial estates in 2022 hit US$4.2 billion (JD3 billion), an increase of 19 percent compared...Jordan Industrial Estates Company said that 27 of the new investments were in the service sector, with a growth rate of 26 percent.
The remaining 147 new investments were in the industrial sector, with a growth rate of 7 percent over the previous year, JIEC said.
Muslim world condemns burning of copy of Quran in Swedish capital
Secretary-General of the GCC Dr. Naif Falah Mubarak Al-Hajraf has warned that the act would inflame and provoke Muslims around...Secretary-General of the Organization of Islamic Cooperation Hissein Brahim Taha said the act is another example of Islamophobia and Xenophobia.
Arab Parliament called on the international community to assume its responsibilities and criminalize these unacceptable acts, which fuel feelings of hatred and violence.
Musk announces more expensive subscription for ad-free Twitter
The recent announcement of Twitter updating its services would be a radical change in business model from Twitter, which has...The announcement comes as the social network has faced major economic uncertainty since its takeover by Musk in October
Musk-led Twitter has been riven by chaos, with mass layoffs, the return of banned accounts and the suspension of journalists critical of Tesla boss
IDB’s insurance arm, Masdar sign renewable energy pact
Jeddah, Saudi Arabia---The Islamic Corporation for the Insurance of Investment and Export Credit, the Islamic Development Insurance arm of the...The two parties agreed to develop renewable projects through insurance support to the Islamic Corporation for the insurance of investment and export credit in the member states.
It includes support for the transition to clean energy through electricity generation from renewable sources that do not emit emissions and the transition to green economy.
