Innovative building codes transform MENA construction
Two emerging construction processes gaining popularity, especially in the MENA region, are 3D printing of concrete structures and offsite construction....Business
Eid: Sharjah Economic Development Department to intensify market campaigns
Sharjah Economic Development Department (SEDD) said it is ready for Eid al-Adha to ensure the safety of markets through the...The campaigns carried out by SEDD included all food service establishments, retail and wholesale stores, men's and women's salons, and gold markets.
These establishments include Al Jubail market, livestock markets and others, in addition to various economic activities that are in great demand at this time.
Record exports help US trade deficit reach its lowest in 2022
The US trade deficit with China declined again, falling $2.8 billion to $32.2 billion in May, on another big drop...Surge in oil sales, natural gas and consumer goods pushed American exports up by $3 billion to $255.9 billion.
Multiple export categories set records, including industrial supplies, autos and parts, and also petroleum.
17 institutions win Real Estate Excellence Award in Sharjah
The Sharjah Real Estate Registration Department has announced that 17 institutions have won the Real Estate Excellence Award. The awards...Sharjah Real Estate Registration Department awards are part of a plan to make the emirate an attractive global destination
One of the plans are to attract investors and consolidate the emirate's position as a sustainable knowledge economy
Common Reporting Standards to be mandatory in UAE, says CBUAE
Common Reporting Standards is a global methodology for the automatic exchange of financial accounts and tax-related information with other financial...The CRS is a global method for the automatic exchange of accounts with other financial regulatory organizations across the world
The CBUAE is keen to comply with global standards as part of its mission to enhance monetary policy and financial stability
Dubai records real estate transactions worth $435 million Wednesday
Dubai real estate market recorded 454 sales transactions worth AED1.24 billion ($337 million), in addition to 96 mortgage deals .of...The sales included 436 villas and apartments worth AED1.1 billion, and 18 land plots worth AED148.73 million.
Mortgages included 92 villas and apartments worth AED206.75 million and four land plots valued at AED52.27 million.
UAE, Japan discuss forming a business council
The council aims to boost cooperation and visits between the business communities in both countries.The council aims to boost cooperation and visits between the business communities in both countries
Secretary-General of the FCCI bin Salem invited Japanese businesses to invest in the UAE and leverage government incentives
UAE to woo at least 300 global tech firms with ‘NextGenFDI’
The UAE will encourage some 300 global technology firms and software developers to set up base in the country under...Dr. Thani bin Ahmed Al Zeyoudi said large and SME businesses approached UAE for the relocation
The UAE also aims to establish 1,000 new digital companies and increase investment in startups from approximately US$400 million to US$1.3 billion
Oil prices drop below $100 on recession worries
Recession worries pushed the price of Brent oil briefly back under $100 on Wednesday, and the euro moved closer to...Europe's benchmark crude oil contract, Brent North Sea, fell briefly under $100 per barrel in afternoon deals
Citi analysts have forecast that Brent could strike $65 later this year in the event of a prolonged worldwide economic downturn
Middle East startups raise $1.8 billion in first half of 2022
During the first half of the current year, startups in the Middle East have succeeded in raising $1.8 billion, according...The fintech sector remained the most capital attracting sector, raising nearly $1.7 billion and accounting for 34 percent of the total funding secured across all markets
Transport and logistics and e-commerce came in second and third, each raising respectively $1 billion and $501 million
Tunisian street vendor serves success despite bureaucracy
Habib Hlila, 27, first set up a food van in the working-class Bab El Khadra district of Tunis in early...Habib Hlila, 27, first set up a food van in the working-class Bab El Khadra district of Tunis in early April, selling sandwiches at the end of each day's fast
He quickly became a star of Tunisian street food, gaining a social media following as he used banter and theatrics to prepare his signature "El-Bey" sandwiches
