UAE is the most popular destination for global workers, says report
Dubai, UAE – The United Arab Emirates is the most popular country for international talent seeking employment visas, a report...Business Economy Global
UAE signs pact to develop digital infrastructure in Greece Â
ABU DHABI, UAE - The Ministry of Investment of the UAE and the Ministry of Digital Governance of the Hellenic...Business Geostrategy Tech & Media
Qassim Cement’s profit tumbles
The Saudi firm posted a 73% fall in profit to $14m in H1.Following the news of financial results, the company stock tumbled 2.45 percent at the end of Tuesday's closing
Its revenue also declined by 30 percent during the first half to stand at $78.66 million
Policies, infra make Dubai hub for talent, innovation
For decades, the emirate has been a global player with a plethora of capital, talent, corporate tax incentives and ground-breaking...For decades, the emirate has been a global player with a plethora of capital, talent, zero corporate tax and ground-breaking technologies, says the latest BCG report
Dubai's unfettered access to global consumer markets makes business activities such as innovation, hospitality, logistics and tourism easier to perform than anywhere else
US acts to make hearing aids affordable
In October, the cost of hearing aids will be down by an estimated $2,800 per pair as there would be...At $5000 a pair, safe and effective and high quality hearing aids have been unaffordable for many Americans.
Children, as well as people with severe hearing loss, would still need a prescription.
UAE busy in strengthening its food security system
The UAE is strengthening its food security system through policies that include promoting cooperation with other countries and markets, diversifying...The UAE is strengthening its food security system through policies that include promoting cooperation with other countries and markets.
The policies include diversifying sources, attracting local and foreign agricultural investment.
Kuwait’s National Fund shored up 132 SMEs during pandemic
Kuwait's National Fund for SME Development (SME Fund) has helped resolve the problems of 132 small and medium-sized enterprises (SMEs)...Founded in April 2013 under Act 98, the government Fund approved establishing 1,422 projects and joint agreements with 992 SMEs.
Some SMEs offered essential backing to the national economy during pandemic in areas such as medical services, logistics and foodstuff.
Non-Arab foreigners invest $4.23bn in UAE stocks since Jan 2022
According to Abu Dhabi and Dubai financial markets, non-Arab foreign investors purchased local stocks worth AED70.27bn from the beginning of...The purchases of non-Arab foreign investors in the Dubai Financial Market totaled some AED18.75bn since the start of this year.
The UAE has been ranked first in the Arab world and 19th globally for its ability to attract foreign direct investment in a report by UNCTAD.
Walmart Q2 revenue $152.9bn
The retail giant sales surged, partly due to inflation.Revenues for its second fiscal quarter ending July 31 were $152.9 billion, up 8.4 percent from the year-ago period
Profits rose 20.4 percent to $5.1 billion, with some of the increase connected to the accounting for an asset sale in Brazil
Spain PM hopes Europe gas pipeline will soon be ready
Spanish Prime Minister Pedro Sanchez said Tuesday he hopes a gas pipeline linking the Iberian Peninsula to central Europe through...Russia has reduced deliveries and nations are scrambling for supplies to avoid a possible shortage this winter, while prices for gas and electricity have soared
Spain currently has six liquefied natural gas (LNG) terminals for processing deliveries made by huge sea tankers back into gas and injecting them into its pipeline network
Trakhees reports 22 percent H1 growth in commercial licensing business
Dubai’s Department of Planning and Development, Trakhees, the regulatory arm of the Ports, Customs and Free Zone Corporation, has completed...The Licensing Department provides corporate licensing services to local and free zones and government bodies including issuing work permits, establishment cards and NOCs.
The demand for local licensing services by customers, both individuals and companies, to reach 7,067 transactions from January to June of this year.
Iraq to build four free-trade zones, two along Jordan and Saudi borders
Iraq plans to establish free-trade zones adjacent to Baghdad and Najaf airports and another one near the Iraqi-Jordanian border, which...Two free zones will be established adjacent to Baghdad and Najaf airports, says Iraq’s Free-Trade Zone Authority
All the factors necessary for the success of the free industrial, commercial or multi-activity zones exist in the country, it adds
