Gold hovers near a month high on slowing US inflation
ABU DHABI, UAE- Gold prices hovered near a month high on Friday after data suggested easing US price pressures, while...Business Economy
WTO ministers struggle to forge deals as talks go into overtime
ABU DHABI, UAE – World trade ministers were locked in disagreement Thursday on fisheries subsidies, agriculture and digital customs duties as...Business Economy Geostrategy Global
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
Saudi Arabia adopts online registration for Hajj to combat scams
Saudi Arabia has required would-be hajj pilgrims from many Western countries to apply for visas via a government portal online,...It applies to the United States, Canada, the United Kingdom, Europe and Australia, an official told AFP on condition of anonymity.
Previously, pilgrims could register via travel agencies that organised hajj trips, a system that sometimes led to scams, with "fake agencies" making off with victims' money.
