Maqta acquires stake in Dubai Technologies
The majority stake was acquired for $7.6 million.Company News Business
Abu Dhabi Airports appoints Elena Sorlini as Managing Director and CEO
Abu Dhabi, UAE - Abu Dhabi Airports, the operator of Abu Dhabi's five commercial airports, has announced the appointment of...Company News Business
Dubai FDI wins UN award for best practices in tracking investments
The Dubai Investment Development Agency (Dubai FDI) at the Department of Economy and Tourism (DET) gained international recognition for its...Dubai FDI Monitor tracks and records five different types of foreign direct investment in real-time.
The Monitor tracks and records FDI and new forms of investments using advanced methodology and smart features.
DEWA plans cash dividend for H1
Firm plans to give cash dividend of US$844m.DEWA's first general assembly meeting will be held physically and virtually on October 10, 2022.
The assembly will vote on the recommendation of Board of Directors concerning a cash dividend distribution for H1 2022.
Gas shortage threatens French yoghurt production
The French are big on yoghurt, behind only the Dutch in consumption per capita. It is not only a breakfast...Like many countries, France plans to shut off businesses first if there is not enough gas or electricity, with European nations facing the prospect of energy shortages this winter.
French Prime Minister Elisabeth Borne warned industry leaders at the end of August that energy rationing was a risk this winter and urged them to quickly cut consumption.
A week of mixed fortunes for GCC equities
The UAE bourses ended the week high with help from foreign investors, but the Saudi equities took a tumble under...This week's trading sessions in the United Arab Emirates finished on a high note, with the Abu Dhabi market continuing its upward climb
The financial markets in the United Arab Emirates had a net inflow of $6.45 million from international investors in both the Dubai and Abu Dhabi stock exchanges
Saudi PIF to come out with a debut green bonds issue
Saudi Arabia’s Public Investment Fund (PIF), the sovereign wealth fund at the heart of the kingdom’s reform plans to wean...According to media reports, PIF has set up a financing framework that would allow it to raise green bonds
PIF started raising bank debt in 2018 with an $11 billion facility, followed in 2019 by a $10 billion loan which it then repaid in 2020
Kubernetes simplifies container use in the Middle East
With Kubernetes, regional enterprises have automated their deployment, managment and scaling of containerized applications. Since it is controlled by developers...With Kubernetes, regional enterprises have automated their deployment, management and scaling of containerized applications.
Since it is controlled by developers and not infrastructure teams, there is a better understanding that ultimately leads to high quality results
Loan exemptions: GCC’s way to help individuals, firms
The Gulf countries assist loan defaulters by delaying payments or exempting those who can't pay to save emerging companies and...The Gulf countries assist loan defaulters by delaying payments or exempting those who cannot pay to save emerging companies and prevent their accumulation of financial burdens
Loan exemptions in sectors such as housing, health, marriage and investments are estimated to be in millions of dollars across the region
‘Jordan not affected by India’s decision to restrict rice exports’
President of Foodstuff Traders Association (FTA), Khalil Haj Tawfiq, said India's decision to restrict its exports of some rice varieties...India's decision will not affect availability of rice in Jordan's local market, neither hike its prices.
The decision of banning export of certain varieties of rice are not imported by Jordanian traders.
World Green Economy Summit 2022 theme revealed
Dubai Electricity and Water Authority (DEWA) and the World Green Economy Organization (WGEO) announced that the theme of the 8th...The theme reflects the UAE’s vision of advancing climate action and strengthening partnerships.
It also reflects international efforts to achieve climate goals.
Crypto firm Blockchain.com set to operate in Dubai
According to the company, it has signed an agreement with Dubai's Virtual Assets Regulatory Authority (VARA) and will soon open...According to the company, it has signed an agreement with Dubai's Virtual Assets Regulatory Authority (VARA) and will soon open an office in the region and hire staff
As economic competition heats up in the Gulf region, the UAE is developing virtual asset regulation to attract new forms of business
