Over 6,000 F&B companies join Dubai Chamber of Commerce in 2023
DUBAI, UAE – President and CEO of Dubai Chambers Mohammad Ali Rashed Lootah has revealed that 6,478 new Food and...Business Economy
Auto sales in Europe drop to a three-decade low in 2022
Paris, France--New vehicle registrations in Europe dropped to their lowest level since 1993 last year as component shortages continued to hinder...The overall number of EU registrations fell 4.6 percent to 9.3 million, a level last seen three decades ago
Volkswagen remained the European market leader with 2.3 million vehicles sold, a 5.2 percent decline, for a stable market share of 25.1 percent
Qantas flight lands at Sydney after mid-air mayday alert
The plane, a Boeing 737-800, appeared to land safely at Sydney airport before coming to a stop on the runway,...The flight -- QF144 -- was believed to be carrying more than 100 passengers from New Zealand, an ambulance spokeswoman said
NSW Ambulance earlier said they were on standby at the airport after the plane issued a mid-air mayday call over the Tasman Sea bet
Iraq to partner with General Electric to build 400 energy plants
Baghdad, Iraq--Iraq has begun constructing 400 energy plants of high-quality specifications in all regions across the country.In a press statement,...Iraqi Minister of Electricity Ziyad Ali Fadel said that the Ministry in this regard has discussions and contracts with General Electric and other American companies
He said the ministry is engaging in negotiations with Siemens to maintain and rehabilitate the old generating plants manufactured by the company
Consumer spending in KSA, UAE set to stay strong
Both Gulf countries reported an increase in non-essential spending from 2021 to 2022, with the expectation that this trend will...Both Gulf countries reported an increase in non-essential spending from 2021 to 2022, with the expectation that this trend will continue into 2023, says an expert.
Online purchasing remains a popular channel for both UAE and Saudi shoppers, owing to the ease of purchase, cost savings, variety, and ease of delivery, a research points out
Saudi businessman bids US$2.6m for Messi-Ronaldo game
A real estate businessman from Saudi Arabia has won a ticket to see Cristiano Ronaldo and Lionel Messi face off...It will mark the first time Ronaldo has played any football in the kingdom since signing a contract with Al Nassr
The proceeds from the auction are due to go to the national charity campaign known as Ehsan
UAE Ministry of Finance, Dubai Free Zones Council sign MoU on sharing of information
DUBAI, UAE - UAE Ministry of Finance (MoF) Tuesday signed a Memorandum of Understanding (MoU) with the Dubai Free Zones...The Ministry of Finance makes efforts to ensure that government entities in the UAE are committed to international tax pacts the country has signed.
Dubai Free Zones Council will provide the necessary tax information to the ministry of finance.
WEF launches initiative to channelize US$3trn for climate and nature
The World Economic Forum launched the Giving to Amplify Earth Action (GAEA), to help unlock the US$3 trillion of financing...Present funding is slow and inadequate, and a new approach is needed to get capital flowing.
Philanthropic giving is nimble, more tolerant of risks and is driven by values and long-term outcomes rather than quarterly returns.
Four firms to partner for Co2 removal
ADNOC, FNRC, Masdar and 44.01 to pilot a technology in Fujairah.The technology permanently mineralizes carbon dioxide (CO2) within rock formations found in the Emirate of Fujairah.
Fujairah has been selected for this pilot for to its abundance of peridotite, a form of rock that naturally reacts with CO2 to mineralize it.
QIB profits grow by 12.7% in 2022
The return on the share amounted to QR 1.62.The return on the basic share amounted to QR 1.62 for the past fiscal year, compared to QR 1.42 in 2021
The total assets for 2022 amounted to QR 184 billion, while financing assets accounted for QR 119.3 billion
Qatar signs agreement with Saint Lucia for air service
Doha, Qatar-- Qatar and Saint Lucia have signed an air services agreement allowing the Gulf country's airline to expand its...The agreement was signed by Qatar's Minister of Transport Jassim bin Saif bin Ahmed Al Sulaiti and Saint Lucia's Minister for External Affairs Alva Romanus Baptiste
The two ministers reviewed ways to strengthen and develop relations between the two countries in the field of civil aviation and various air transport activities
