QEWC 2023 net profit US$426m
QEWC market share in supply of electricity was 61 percent.Company News Business Energy
Aircraft orders drive US manufactured goods demand
A pick-up in aircraft orders boosted demand for big-ticket US manufactured goods in October, with numbers rising more than expected,...Orders for defense aircraft and parts soared 21.7 percent from September to October.
Surging inflation in the United States and supply chain problems have proven a challenge to industry and consumers.
Jordan, Egypt discuss various aspects of transportation
ALEXANDRIA, EGYPT - Jordan's Minister of Transport Maher Abu Al-Samen discussed with his Egyptian counterpart Kamel Al-Wazir ways and means...The talks were held on the sidelines of the Council meeting of Arab Transport Ministers in Alexandria, Egypt.
Jordan's minister hailed the constructive meeting of Arab Transport Ministers.
Lulu Group, Amazon sign agreement
They will optimize online grocery shopping for UAE customers.The products include everyday essentials and fresh grocery items delivered using fast-delivery options through the Amazon.ae online platform.
Mohamed Ali Al Shorafa, Chairman of the Abu Dhabi Department of Economic Development (ADDED), said that such partnerships are what Abu Dhabi and the UAE continue to push for.
Abu Dhabi DoH, Eversight to jointly set up UAE’s first eye, tissue bank
ABU DHABI, UAE - Abu Dhabi's Department of Health (DoH), the regulator of the healthcare sector in the Emirate, and...Department of Health Abu Dhabi and Eversight will focus on implementing the necessary arrangements for the eye and tissue bank.
Eversight will develop a comprehensive medical framework to standardize and operate procedures on all clinical functions.
Iraqi furniture-maker carves up stereotypes
Nour al-Janabi, 29, designs, makes and mends in her south Baghdad workshop go from rustic style to Louis XV. She...In oil-rich Iraq, women make up just 13.3 percent of the labour force, according to the World Bank.
Janabi said she receives comments from women and men telling her: "You make Iraq proud and you have accomplished something."
ADFD, AIIB to strengthen cooperation over sustainable economic development
Al Suwaidi welcomed AIIB’s decision to opt for Abu Dhabi as the preferred location to have its first operational office...Al Suwaidi welcomed AIIB’s decision to opt for Abu Dhabi as the preferred location to have its first operational office outside of China
He and Jin Liqun discussed ways to enhance cooperation between ADFD and the bank over the Energy Transition Accelerator Financing initiative
Aldar ties up with ADGMA to nurture local talent
Abu Dhabi— Aldar has partnered with the Abu Dhabi Global Market Academy (ADGMA) to develop a range of talent development...Since the introduction of the NAFIS program in September 2021, Aldar has hired more than 260 Emiratis across the group
The collaboration aims to enhance both entities’ contribution towards the UAE’s knowledge-based economy and foster the next generation of business leaders in the private sector
Affirma Capital seeks to exit its stake in Jordan-based Fine Hygienic Holding
Affirma is in talks with Moelis & Co. on the sale of its minority stake in the company, sources told...Affirma is in talks with Moelis & Co. on the sale of its minority stake in the company, sources told the agency
The Middle East is becoming increasingly attractive to private equity players thanks to strong post-pandemic economic growth
ADGM’s new service highlights how metaverse may help in mediation as underlined at TOP CEO Conference
The ADGM Arbitration Centre has launched the world’s-first service that hosts mediation in the metaverse. Interestingly, it was one of...The ADGM Arbitration Centre has launched the world’s-first service that hosts mediation in the metaverse. Interestingly, it was one of the focuses of Dubai event held in May
ADGM’s “mediation in the metaverse” service will provide a more immersive experience, enhancing virtual mediation by allowing the participants to access a 3D office space.
UK probes Apple, Google over cloud gaming, browsers
Apple and Google "have an effective duopoly on mobile ecosystems that allows them to exercise a stranglehold over operating systems,...An overwhelming 97 percent of all mobile internet browsing in Britain took place using Apple or Google technology in 2021
Many UK companies and web developers argue that the status quo is harming their businesses, holding back innovation and adding costs
