KEZAD Group, Al Ghurair Group’s APT ink lease pact to set up manufacturing facility
ABU DHABI, UAE – Khalifa Economic Zones Abu Dhabi (KEZAD Group) and Al Ghurair Group subsidiary Automotive Precision Technology (APT)...Business Global
Firms cautious as phishing bids may rise in GCC
Companies in the region need to be proactive in their defenses against ever-changing nature of online threats, says Netskope’s VP...Companies in the region need to be proactive in their defenses against ever-changing nature of online threats, says Netskope’s VP for Middle East and Africa Jonathan Mepsted
With a solid cyber defense, businesses are less likely to be hindered from expanding their operations such as entering new markets or expanding through mergers and acquisitions
DEWA wins top award by UK based institute
Dubai, UAE - Dubai Electricity and Water Authority (DEWA) won the Best Creative Electricity and Water Solutions Brand by Global...Saeed Mohammed Al Tayer, MD and CEO of DEWA, expressed his happiness with the award
DEWA received many accolades in excellence in 2021, including winning the Sheikh Khalifa Excellence Award (SKEA) in the Elite Category.
Germany cuts the ribbon on first LNG terminal
Germany plans to open four more government-funded LNG terminals over the next few months as well as a private terminal...LNG terminals allow for the import by sea of natural gas which has been chilled and turned into a liquid to make it easier to transport.
Until now, Germany had no LNG terminals and relied on cheap gas delivered through pipelines from Russia for 55 percent of its supply.
UAE participates in First Framework Working Group meeting within G20 Finance Track
BENGALURU, INDIA - The UAE participated in the first Framework Working Group (FWG) meeting within the G20 Finance Track, which...Held for the first time under India’s G20 presidency in Bengaluru, the meeting sought to discuss the work plan for FWG in 2023.
The meeting was also attended by G20 members, invited countries and representatives from international organizations.
Elon Musk to restore suspended Twitter accounts of journalists
Elon Musk said late Friday he would reinstate the Twitter accounts of several journalists that were suspended after he accused...Musk carried out a Twitter poll asking whether he should restore the suspended accounts now or in a week's time
The latest controversy began when Musk on Wednesday suspended @elonjet, an account that tracked flights of his private jet
UAE, Saudi equities rebound, record gains
Saudi and the UAE equities beat sluggishness of the past few weeks, recording gains across many sectors, with Abu Dhabi...The decline in oil prices in the previous trading session impacted the Saudi Stock Exchange index, which finished Sunday (December 11, 2022) down 1.1 percent at 10,138.3 points
Abu Dhabi's index rose by 1.6 percent on Friday (December 16, 2022), marking its most significant percentage increase since late October
Britain, Dubai to deepen data partnership
There are as many as 5,000 British companies operating in the UAE, many of which depend on safe data transfers.There are as many as 5,000 British companies operating in the UAE, many of which depend on safe data transfers
DIFC is the first financial centre in the MEASA region to engage with the UK Government on an adequacy assessment
FIFA to hold 32-team Club World Cup from 2025
Despite robust opposition from Europe's biggest clubs, FIFA chief Gianni Infantino has announced plans for a 32-team Club World Cup...Infantino said the new-look tournament would be even bigger than first planned.
He said next year's Club World Cup, in its current format, would take place in Morocco from February 1 to 11, 2023
Sharjah realty market gains, records deals worth $735 million in Nov
Sharjah, UAE-- A total of 2,813 real estate transactions valued at AED 2.7 billion ($735 million) were recorded in Sharjah...A total of 2,813 real estate transactions valued at AED 2.7 billion ($735 million) were recorded in Sharjah during November, compared to AED 1.9 billion in October.
The report revealed that real estate market sales covered a total area of 13.3 million square feet, distributed over 99 locations.
Tadweer added to ADQ’s portfolio
Tadweer's full share ownership was transferred to ADQ.Tadweer is the sole custodian of waste management for the emirate of Abu Dhabi.
ADQ’s energy and utilities portfolio also includes Abu Dhabi National Energy Company (TAQA), Emirates Nuclear Energy Corporation (ENEC).
