Dubai records over US$2.6bn in weeklong real estate transactions
DUBAI, UAE - A total of 3,543 real estate transactions worth over US$2.6 billion (AED9.8 billion) were conducted during the...Business Economy
Barclays bank to stop financing new oil, gas projects
London, United Kingdom -- British bank Barclays said Friday it would stop directly financing its energy clients' new oil and gas...Business Climate Change
QIB’s profit shoots up 13%
It reported $783m profit in the first nine months of the year.The bank's data showed an increase in earnings per share for the period ending on Sep. 30, 2022, to reach QR1.21, compared to QR 1.07 for the same period last year
QIB carries out all banking, finance, investment and banking services in accordance with the provisions of Islamic Sharia
Abu Dhabi Chamber to launch new digital platform
Abu Dhabi Chamber of Commerce and Industry (ADCCI) will launch a new platform for Abu Dhabi's business community in order...The Business Matchmaking Platform, which is currently going through the development phase, will enhance the experience of Abu Dhabi’s business community
Members of Abu Dhabi Chamber will also be able to have a comprehensive overview of upcoming events and register for them, as well as access the latest data and insights
FIFA praises Qatar’s reforms to improve living conditions of workers
Applauding Qatar's "groundbreaking reforms" that are "changing the lives of thousands of workers for the better," FIFA President Gianni Infantino...Amnesty International and other groups have demanded that FIFA set up a $450 million fund for migrant workers and their families who suffered during the decade of construction
Officials also said on Monday that 30,000 extra hotel rooms had been added to the official accommodation platform to cater for late ticket sales
Crypto betting sites on sports gain popularity as game prediction market grows across MENA
Crypto betting in sports has become a booming market due to the increasing number of sports fans and their desire...Crypto betting in sports has become a booming market due to the increasing number of sports fans and their desire to wager on athletes and tournaments
There has been a rise in the number of betting sites accepting crypto and new blockchain-based betting sites
France braces for nationwide strike amid fuel shortage
Fuel workers voted to continue stoppages at several refineries run by TotalEnergies, the coordinator for the hard-left CGT union Eric...Leading unions have called for strikes Tuesday in their biggest challenge yet to President Emmanuel Macron
The French government, increasingly impatient with striking workers, said it was forcing key staff back to work
UAE, Chile ink pact to exchange knowledge on energy sector
UAE's Ministry of Energy and Infrastructure signed a Memorandum of Understanding with its counterpart in Chile to exchange knowledge and...Under the agreement UAE and Chile will exchange information, knowledge and expertise, hold high-level meetings to discuss issues.
The two sides will organise relevant academic research and enhance their cooperation in clean and renewable energy.
ADQ submits shareholding offer to ADA
ADQ aims to establish a diversified aviation services and MRO business.The combined group would have assets of approximately AED 9.4 billion ($2.6 billion) with an extensive portfolio of aircraft, MRO centers and hangars.
Following completion, ADQ would own approximately 59 percent of the entire issued share capital of ADA.
BP to buy Archaea for US$4.1bn
BP bought US firm to reach net zero emissions by 2050.BP, the London-listed energy major, is flush with cash after recent surges in oil prices.
There have been calls for the cash-strapped UK government to massively enlarge a windfall tax on British energy giants.
World Cup boom pushes some Qatar residents out of homes
More than one million football fans are expected to descend on the capital Doha during the November-December tournament, putting a...Most fans will be staying in hotels, apartments, cruise ships and desert camps booked through the official World Cup portal.
To ease the crunch, FIFA recently released thousands of hotel rooms it had reserved, which experts have said could push World Cup prices down.
Al Seer signs JV
The agreement was signed with Damen Shipyards and DTec Industries.They will implement their success formulas to ventures and local partnerships to sell, build and maintain high-quality, innovative, and cost-effective marine vessels.
The Joint Venture between the companies will combine the best maritime talent in the industry and help position the UAE as the industry centre of excellence.
