Bank plays crucial role in funding sustainable future
"We continue to capitalize on the promising opportunities in this market through innovative offerings and solutions, while strengthening our substantial...Business Banking & Finance
China steps up green transition drive to meet carbon-emission goals
Beijing, China--China is moving away from traditionally energy-intensive industrial sectors toward green development across key sectors, in efforts to fulfill...Business
Ducab partners with Vestas
Ducab's supplying medium voltage and earthing cable.Ducab Group is one of the UAE’s largest industrial manufacturing businesses.
The move reinforces the strong industrial partnership between the UAE and Egypt.
Flynas passenger growth 91% in 2022
The airline launched 16 new destinations and 30 new routes.It reported an increase of 91 percent in its passengers to 8.7 million.
The firm's flights expanded by 45 percent to 66,000 and seat capacity by 46 percent.
Etihad Cargo to operate three more weekly flights to US from Apr 24
Etihad Cargo currently operates 11 flights per week to John F. Kennedy International Airport, which will increase to 14 weekly...The additional flights will bring Etihad Cargo’s total cargo capacity to over 600 tons out of the US per week.
The flights will be operated with both Airbus A350 and Boeing 787-9 Dreamliner aircraft with significantly less fuel consumption.
Sharjah EC discusses impact of commercial boards on urban appearance
SHARJAH, UAE - The Sharjah Executive Council (SEC) discussed on Tuesday a report on commercial boards made for economic institutions...The discussion covered a range of general government issues that would strengthen various sectors in Sharjah and their legal frameworks.
Issues that advance public services and which would increase the competitiveness of the Emirate of Sharjah were also discussed in the meeting.
From F1 to CR7, Saudi Arabia’s sports shopping spree
Al Nassr's surprise capture of football superstar Cristiano Ronaldo is the latest in a string of high-profile sports acquisitions by...The 2029 Asian Winter Games will be held at NEOM, an under-construction $500 billion megacity that is planning a year-round winter sports complex.
Saudi money has created a schism in the golf world with the heavily funded LIV Tour, which has lured some top players.
Expo Centre Sharjah all set for SteelFab2023
SHARJAH, UAE - Expo Centre Sharjah (ECS) has announced the completion of all preparations for the 18th edition of the...The event is being organized by Expo Centre Sharjah with the support of the Sharjah Chamber of Commerce and Industry.
Two hundred exhibitors have confirmed their participation representing elite local and international players in the metalworks industry.
Dubai records over $518 million in realty transactions Monday
Dubai, UAE--Dubai recorded real estate deals worth AED2.3 billion ($518 million) on Monday, according to Dubai Land Department figures.The deals...The deals included 457 sales transactions worth AED2.02 billion, in addition to 79 mortgage deals of AED202.61 million.
For the week ending Dec. 30, 2022, a total of 2,790 real estate transactions worth US$2.6 billion (AED9.6 billion) were registered in the emirate.
Evergrande of China pledges to repay its debt in 2023
Beijing, China--China Evergrande has pledged to repay its debt this year, as the property giant faces a restructuring following Beijing's crackdown...The company has rushed to offload assets in recent months and has been involved in restructuring talks after racking up some $300 billion in liabilities
An official document in November showed Evergrande had sold land earmarked for its headquarters in the southern tech hub of Shenzhen for $1 billion
Shunned by youth, Morocco cosmetic oil craft faces uncertain future
A dozen women, sitting on the floor of a workshop inland from Essaouira, a port town on Morocco's Atlantic coast,...Morocco produces around 5,640 tonnes of argan oil annually, according to official figures, around 40 percent of it for export
Argan is so important to the region between the towns of Essaouira and Agadir that in 1998 UNESCO declared a biosphere reserve in the area
Tesla’s 2022 deliveries disappointing
The company supplied 1.31m EVs last year.The Elon Musk-led company has set a long-term goal of increasing its deliveries by 50 percent a year on average
Production was suspended at its Shanghai plant for several weeks during last year due to Covid restrictions
