Gold, bitcoin pull back from records as US stock markets slip
On Wall Street, the Dow and the S&P 500 both finished 1.0 percent lower, while the tech-rich Nasdaq composite ended...Business
Over 105m people visit Dubai Mall in 2023
DUBAI, UAE – Dubai Mall welcomed a record 105 million visitors in 2023, a jump of over 19 percent on...Business Economy
Sharjah Chamber joins Egyptian Chamber’s centenary event
The Sharjah Chamber of Commerce and Industry participated in the international conference to mark the 100th anniversary of the Egyptian...The Chairman of Sharjah Chambers Chairman met a number of officials from various Chambers of Commerce and Industry.
He also met with representatives of ministries and bodies concerned with economic affairs, unions, and economic organizations from different countries.
DEWA’s Jebel Ali plant enters Guinness World Records for second time
It was named as the Largest Single-Site Water Desalination Facility in the World by the Guinness World Records.The plant has the production capacity of 490 million Imperial Gallons of water per Day, which is equivalent to 2,227,587 Cubic Metres per Day.
DEWA aims to increase its SWRO production capacity to 303 MIGD by 2030, reaching 42 percent instead of its current share of 13 percent.
Finance Ministers of UAE, India discuss trade, economic ties
UAE Minister of State for Financial Affairs Mohamed bin Hadi Al Hussaini met with India's Minister of Finance Nirmala Sitharaman...The meeting sought to discuss means of boosting mutual cooperation between UAE and India in areas of common interest.
The meeting deliberated the priorities set by India in its upcoming G20 presidency and the ways the UAE can support them.
Reliable Engineering opens plant
The production unit was inaugurated at Hamriyah Free Zone in Sharjah.The new facility, which covers an area of more than 150,000 sq feet, caters to the needs of the oil and gas, marine, and oil and wind farming sectors.
The production lines manufacture up to 500 metric tons of steel per month, by more than 160 employees and specialized technicians.
Dubai Customs issues authorization certificates to free zone companies
Dubai Customs provides the services and facilities to licensed companies in the free zones of the Emirate to boost investments...Dubai Customs facilitates procedures to determine the value of the goods imported by the free zone companies.
It provides services and facilities to licensed companies in free zones to boost investments and attract more investors.
Abu Dhabi Foreign Experts Court examines 200 cases
The Foreign Experts Court of the Abu Dhabi Judicial Department (ADJD) has managed to maintain high adjudication rates in the...The Foreign Experts Court has achieved a 90 percent disposition rate out of a total number of about 200 commercial cases.
The panel of the Foreign Experts Court consists of a single judge and two foreign experts.
Saudi to build world-class mining business in cooperation with South Africa
Riyadh, Saudi Arabia-- Saudi Arabia's Deputy Minister of Industry and Mineral Resources for Mining Affairs Khalid bin Saleh Al-Mudaifer said...Saudi Arabia expects its mineral wealth to exceed $1.3 trillion as it plans to triple spending on exploration of metals over the next three years.
Saudi deputy minister Khalid bin Saleh says the two countries will focus on quality of the projects.
Saudi Arabia and S. Africa to deepen ties in several fields
The agreement would result in partnership in encouraging direct investment, communications and information technology, exploring the establishment of a joint...An agreement was signed between the two countries during the presence of Saudi's Crown Prince & Prime Minister and South Africa's President
The agreement contains cooperation and exchange of news between the Saudi Press Agency (SPA) and the state-run South African News Agency.
GCC and UK hold first round of talks on Free Trade Agreement
The British government said the Free Trade Agreement is a major economic opportunity and plays a key role in the...The two sides discussed Free Trade Agreement's goals and the exchange of technical information in 29 areas.
More than 100 British negotiators representing different sides of the British government participated in the round.
GCC chemical companies lesser exposed to market risks than their European counterparts
Chemical companies in the Gulf region are likely to cope relatively well with the current stresses of rising rates and...Chemical companies in the Gulf region are likely to cope relatively well with the current stresses of rising rates and higher energy costs, says a recent report.
Market conditions for commodity chemical companies have improved notably over the past 15-18 months on the back of rising oil prices, it adds
