Dubai launches initiative to accelerate global expansion of SMEs
Dubai, UAE -- Dubai Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum Sunday launched the ‘Dubai International Growth...Business
Qatar and Nepal discuss boosting economic cooperation
Doha, Qatar--Qatar and Nepal have held talks to enhance commercial and economic relations between the two countries, explored the investment...Business
Jordan energy ministry inks MoUs for copper, gold exploration
Jordan's Ministry of Energy signed an MoU with a local company to explore for copper and it also signed another...Jordan's energy ministry inked an MoU with a local company to explore for copper in the Dana region of the Kingdom's south
The ministry signed an MoU with a Turkish company to explore for gold in the Abu Khashiba region, also in the south
Sharjah, Costa Rica strengthen economic, cultural relations
Sharjah is building on the long-standing historical ties the emirate shares with Costa Rica to bolster and deepen diplomatic and...The strong relations between Sharjah and Costa Rica are serving as a base for enhancing economic cooperation
The two sides can benefit through the mutual exchange of expertise in industries, culture, science, technology and economy
Abu Dhabi Export Office signs financing pact with Capital Bank of Jordan
Abu Dhabi Exports Office (ADEX), the export-financing arm of Abu Dhabi Fund for Development (ADFD), has signed a financing agreement...Under the agreement,$20m will be opened to support collaborative efforts to enhance UAE’s exports to the region and boost economies of the two countries.
The agreement will allow ADEX to open a credit line with Capital Bank that can re-lend importers on competitive terms to buy Emirati goods and services,
ADQ to acquire Turkish pharma company Birgi Mefar Group
As a full-service pharmaceutical CDMO, BMG is a production service provider for sterile injectable products, namely vials and pre-filled syringes...As a full-service pharmaceutical CDMO, BMG is a production service provider for sterile injectable products, namely vials and pre-filled syringes used for vaccines
Investment expands ADQ’s life sciences capabilities in sterile injectables and wider pharmaceutical services segments, while complementing its broader commitment to Turkey
Commercial Bank closes $750m loan
The three- and the five-year facility was led by Mizuho Bank as coordinator.The bank said that the syndication was launched at an initial value of $400 million but was oversubscribed at $940 million.
The proceeds from the facility was used to replace an existing facility and for Commercial Bank's general funding requirements.
Amazon to begin drone delivery in California
Amazon plans to start flying some purchases to customers later this year, the e-commerce giant said Monday, announcing drone delivery...Amazon customers in the Northern California town of Lockeford will be able to sign up for free delivery by "Prime Air" drones, the company said in a post
"Air-eligible" items ordered at the retailer's website will be packed into drones that will fly to the delivery addresses, deposit packages outside from safe heights, then fly away
Borouge is in FTSE Series
ADNOC, Borealis are majority shareholders in Borouge.FTSE Russell’s indices are used by investors globally to inform asset allocation decisions and support portfolio construction
Borouge is one of the world’s leading providers of innovative and differentiated polyolefin solutions for the infrastructure, energy, agriculture, mobility and healthcare
Oman, Tanzania establish Joint Investment Fund
Oman foreign minister Al Busaidi anticipated the surge of trade deals between the two countries, especially after signing several MoUs.Oman foreign minister Al Busaidi anticipated the surge of trade deals between the two countries, especially after signing several MoUs
He revealed that the two countries would later sign MoU to collaborate on economic, investment, tourism and energy projects
Realty helps UAE’s economy settle into new normal
The UAE's residential real estate market is poised to grow at a CAGR of 12.36 percent by 2026, Sharjah Sustainable...The UAE's residential real estate market is poised to grow at a CAGR of 12.36 percent by 2026, Sharjah Sustainable City CEO Yousif Ahmed Al-Mutawa tells TRENDS
Appetite for villas and townhouses will grow in upcoming years due to the rise of work-at-home trends and social isolation, as well as the expansion of residential areas
Saudi Arabia issues interim licenses for digital govt business
Saudi Arabia's Digital Government Authority issued the first package of interim licenses for digital government business to three companies -...Saudi Arabia's Digital Government Authority issues interim licenses for digital government business to three companies
Elm, Takamol Business Services and Thiqah to develop and operate 15 existing digital government platforms and products
