Sharjah Chamber posts growth in membership in 2023
SHARJAH, UAE - The Sharjah Chamber of Commerce and Industry (SCCI) has announced a series of significant achievements of the...Business Economy
Ghitha Holding buys stake in MNG Airlines
The acquisition of 44% stake is valued at US$211.20 million.Business
UN urges EU against fossil fuels in energy crisis
The UN urged EU countries on Monday to continue battling climate change and not resort to more fossil fuels in...Moscow's invasion of Ukraine has seen the price of natural gas hit record levels, throwing the European Union economy into deep uncertainty.
Before the war, 40 percent of the EU's gas imports came from Russia.
Costa Rica-UAE bilateral trade up by 292 percent since 2017: Minister
Abu Dhabi, UAE--Costa Rica's foreign minister Arnoldo Andre has said that the trade between his country and the UAE has...For the year 2021, the total trade between both countries reached $49.1 million.
37 Emirati companies have attended a Costa Rican trade fair to learn about the country's productive capacities and its export potential.
27,100 new companies join Dubai Chamber of Commerce till Aug 2022
Dubai, UAE-- More than 27,100 companies have joined as new members of the Dubai Chamber of Commerce in the first eight...Member exports and re-exports increased over 20 percent y-o-y to reach AED177 billion ($48.18 billion).
More than 476,000 Certificates of Origin were issued by the Chamber between January and August 2022, a growth of 9.8 percent compared to the same period last year.
Gulf International Bank continues partnership with Beehive
The strategic partnership, which initially began in 2020, brought to market a new digital GIB financing platform to ensure swift...The strategic partnership, which initially began in 2020, brought to market a new digital GIB financing platform to ensure swift and efficient access to finance
The platform is fully digital and includes a sophisticated online decision making and lending process to provide faster and more accessible financing
AI-based call centers cut costs, ring in better KPIs
Conversational AI contact center deployment saves agents US$80bn in labor expenses by 2026, while global spending on it is expected...Conversational AI contact center deployment will save agents US$80bn in labor expenses by 2026, while global spending on it may hit US$1.99bn by 2022, says a report
According to a Gartner estimate, the percentage of automated AI-powered interactions with human agents will rise to a whopping 10 percent by 2026
Siemens bags Egypt project
The company will upgrade power distribution system in Alexandria.Implementing advanced software solutions and automation devices will help Alexandria Electricity Distribution Company increase efficiency.
A total of 300,000 smart meters will be supplied, including the necessary hardware and software to establish an advanced metering infrastructure.
UAE, Serbian Presidents discuss bilateral relations
UAE President Sheikh Mohamed bin Zayed Al Nahyan discussed with Aleksandar Vucic, President of Serbia, cooperation between their countries and...The two leaders discussed a number of regional and global issues and developments of mutual concern.
The two leaders explored UAE-Serbia cooperation in investment, economic, trade, science, technology, food security, agriculture, among others.
Dubai’s RTA releases Sustainability Report 2021
Dubai's Roads and Transport Authority (RTA) has published its seventh Sustainability Report 2021. The report showcases RTA's practices in matters...The report showcases RTA's practices in matters related to the environment, society and governance.
RTA had developed a roadmap to achieve zero-emission from public transport means by 2050.
EU commercial flights surge 25 percent in August 2022
Brussels, Belgium - The number of commercial flights in August 2022 in the EU increased 25 percent compared to August...The numbers are still below the pre-pandemic levels, but the gap is eventually decreasing.
Also, some EU airports recorded increase in the total commercial flights compared with 2019.
UAE earns $5bn from tourism in H1, expects more from World Cup
A strong performance is expected this winter when neighboring Qatar hosts football's World Cup. Hotel occupancy was up more than...Dubai airport, the world's busiest for international travel pre-pandemic, handled 27.8 million passengers in the first half of this year.
A quick vaccination roll-out allowed the UAE to bounce back quickly from the pandemic, enjoying a sharp uptick in visitors as Dubai.
