Middle East commercial aircraft services market to grow to US$28bn
Abu Dhabi, UAE--The MENA region's commercial aircraft services market will more than double in value by 2042, according to Airbus’...Business
Qatar and Egypt hold talks to ramp up civil aviation cooperation
Cairo, Egypt-- Qatar and Egypt have discussed enhancing ties in the field of civil aviation between the two countries. In...Business
Metaverse can contribute $4bn to UAE economy
The Dubai Metaverse Strategy anticipates that 42,000 jobs will be virtualized through the metaverse by 2030 while also improving resident...The Dubai Metaverse Strategy, which was recently announced, aims to raise the metaverse sector's contribution to the UAE's economy to $4b by 2030
Dubai companies like Emirates, Damac and others are already betting big on this world, and many more are expected to join the pack
6G, WiFi 6, edge computing key for metaverse
To expand and upgrade the metaverse, 6G, Wi-Fi 6, and edge computing capabilities will be critical. Just as the internet...Metaverse participation is growing in the Middle East and GCC countries, says Martin Tarr, Chief ICT Officer of du
Demand for a blockchain-powered metaverse has increased and industries are already benefitting from the technology, he adds
Global Village gives wings to entrepreneurs, innovators
Dubai's multicultural family shopping and entertainment hub provides a unique platform to SMEs to test creative and innovative business concepts,...Global Village assists entrepreneurs in exploring new prospects and forming collaborations, says Naveen Jain, Director of Business Development at the park
Dubai's multicultural family shopping and entertainment hub provides a unique platform to SMEs to test creative and innovative business concepts, he adds
UAE Minister promotes trade, friendly ties during Florida visit
UAE Minister of State for Foreign Trade Dr Thani bin Ahmed Al Zeyoudi concluded a two-day visit to Florida which...The UAE minister's trip to Florida builds on recent trips to the UAE by local Florida officials
He attended several high level business development and networking events and meetings
Invictus listed on ADX’s Growth Market
Invictus Investment specializes in agro-food commodities, raw materials.The company was established in Jebel Ali Free Zone in 2014 to manage raw material import requirements for large manufacturers in Sudan.
The company also operates Invictus Trading FZE, a fully owned subsidiary whose activities include non-manufactured precious metals trading.
US stocks on defensive amid inflation and slowdown anxiety
Wall Street stocks were mixed early Wednesday, treading water after the prior session's pullback that came amid worries over soaring...After last week's rally, stocks were back on the defensive Tuesday, falling hard after downcast consumer confidence reading.
The broad-based S&P 500 added 0.1 percent at 3,825.61, while the Nasdaq Composite Index dipped 0.1 percent to 11,173.57.
Ocean-based climate solutions important, says UAE Minister
UAE Minister of Climate Change and the Environment Mariam bint Mohammed Almheiri said that leveraging nature-based solutions, especially blue carbon...The UAE minister says leveraging nature-based solutions to mitigate and adapt to the impacts of climate change is vital
She says important to explore ways to tackle marine pollution from land- and sea-based sources
Qatar trade balance surplus surged 120 percent in May
The year-on-year increase in total exports was mainly due to higher exports of petroleum gases and other gaseous hydrocarbons reaching...The total exports of goods (including exports of goods of domestic origin and re-exports) amounted to around QR 45.3 billion.
The imports of goods in May 2022 amounted to around QR 8.8 billion, showing an increase of 5.5 percent compared to May 2021.
Etihad Air expected to fly 2.7m passengers over summer months: CEO
Etihad Airways and Abu Dhabi International Airport are preparing to welcome 2.7 million network passengers over the summer months, following...Over 1.4 million passengers will depart from Abu Dhabi International Airport, including 330,000 local joiners.
Guests would check in online, use the Verified to Fly service to submit any Covid-related documents for approval.
World Bank approves $130m loan for Tunisia to ensure food security
The loan approved Wednesday aims to ensure "affordable bread for the poor, barley for livestock, and agricultural inputs for domestic...The package is aimed at lessening the impact of the Ukraine war by financing vital soft wheat imports.
Tunisia is dealing with heavy public debt, a low credit rating and steep inflation, which worsened because of Ukraine war.
