Alcoa to buy Alumina in all-stock deal
The US aluminum producer will buy Alumina for US$2.2bn.Business
WTO launches US$50m fund for women entrepreneurs in developing countries
ABU DHABI, UAE - The director general of the World Trade Organization, Ngozi Okonjo-Iweala, on Sunday launched a $50 million fund...Business Economy Geostrategy Global
Russia eyes improved ties with Saudi Arabia, UAE
Putin and Arab leaders focus on boosting relations in various fields -- including technology, food security and energy -- during...Russia President Vladimir Putin and several Arab leaders stress on the importance of strengthening relations
Relations in various fields -- including technology, food security and energy -- remain in focus during SPIEF 2022
DCCC holds talks on UAE-India free trade agreement
Dubai Customs Consultative Council held a meeting on the historic UAE-India Comprehensive Economic Partnership Agreement, expected to increase trade between...The UAE-India Comprehensive Economic Partnership Agreement is expected to increase trade between the two countries by 120 percent
Due to CEPA, trade between the two countries is expected to reach US$100 billion within five years compared to US$45 billion currently
Qatar receives highest number of international visitors in May
The international arrivals in Qatar exceeded 166,000 people in May, making it the month with highest number of visitors in...The figures represent more than a quarter of all visitors in the first five months of 2022.
The year-to-date total (580,000) is fast reaching the overall arrivals figure of 2021 (611,000).
Germany declares emergency steps to meet energy demand
Berlin has managed to reduce the share of its natural gas supplied by Russia from 55 percent before the invasion...The move comes after Moscow turned up the pressure on Western allies, sharply reducing flows of natural gas.
Germany is among several European countries that are highly reliant upon Russian gas for their energy needs.
UAE set to lead MENA metaverse
Firms in the region are now offering better participation, levels of cooperation and communication to their staff through productive workspaces...At its broadest, metaverse combines elements of social media, augmented reality, virtual reality, video games, cryptocurrencies and other advanced technologies.
As the next big market opportunity, the metaverse could provide nearly US$800 billion in revenue by 2024, Bloomberg Intelligence estimates show.
RTA’s revenue collection via digital channels up by 32 percent in 2021
Roads and Transport Authority’s revenues collected through digital platforms increased by 32 percent in 2021, said Mattar Mohammed Al Tayer,...RTA’s total digital revenues amounted to AED3.5 billion ($952 million), compared to approximately AED2.65 billion in 2020.
The number of digital transactions reached 676 million last year, a 28 percent increase over 527 million in 2020.
Qatar discusses growth of digital economy with US Embassy
In a virtual meeting Qatari minister, US Embassy officials, American Chamber of Commerce personnel, government officials and representatives of the...Qatari minister speaks of his country's vision for a digital economy
He said US firms have a key role in Qatar's digital economy
Italy’s Eni joins giant Qatar gas project after Russian cuts
Eni will own a stake of just over three percent in the $28 billion North Field East project, the world's...The project's LNG -- the cooled form of gas that makes it easier to transport -- is expected to come on line in 2026.
It will help Qatar increase its liquefied natural gas production by more than 60 percent by 2027.
Incubeta buys Bruce Clay
The purchase will help the firm to expand in the MENA region.Operating in 17 countries globally, Incubeta is a market leading specialist that uses the power of bespoke, localized digital solutions to unlock and amplify growth potential
Bruce Clay MENA and Incubeta will drive growth for clients, and the group, in the Middle Eastern and North African markets
Vodafone signs deal with Whisbi
The agreement is for the provision of customer care services via video call.Vodafone has signed an exclusive agreement with Whisbi for the provision of customer care services via video call
The agreement was signed between Bader Al Zaidi, CEO of Vodafone, and Alex Bisbe CEO of Whisbi in Muscat
