UAE ranks first in Arab world in labor-resilient countries, says report
Dubai, UAE - Against the backdrop of the World Economic Forum in Davos, Whiteshield announces the release of the Global Labor...Business Economy Geostrategy
EDGE Group, São Paulo government partner on public security initiative
Abu Dhabi, UAE -- EDGE, one of the world’s leading advanced technology and defense groups, has announced that it will...Business
Dubai Next expects increase in ‘fund seekers’
Dubai Next, the digital crowdfunding platform that has attracted many young innovators and start-up ideas, is anticipating an increase in...This follows the country approving a federal system for such platforms recently
Between the first three months and now, the campaigns have increased by 50 percent
Expo 2020 was a ‘truly remarkable World Expo’: Dimitri S Kerkentzes
Terming the hosting of Expo 2020 Dubai as a 'truly remarkable World Expo, Dimitri S Kerkentzes, Secretary-General of the Bureau...Secretary-General said "Expo 2020 Dubai became a beacon of unity and hope, one that reminded us of the importance of human solidarity and international cooperation"
He added: "It has shown that by connecting the world, we can explore the realm of infinite possibilities for the benefit of humanity"
KSA and Kuwait call on Iran to hold talks on divided gas field
Saudi Arabia and Kuwait have appealed to Iran to hold negotiations on demarcating the eastern boundary of the submerged Dorra...Both countries have previously invited Iran for negotiations, but there was no response from Iran
The field is expected to produce 1 billion cubic feet of natural gas per day with 84,000 barrels of condensate daily
ADQ invests in Egypt
The Abu Dhabi-based firm has an office in Cairo.These transactions are part of ADQ's commitment to investing in the country’s economic growth through its $20 billion joint strategic investment platform.
The transactions include stakes in Commercial International Bank (CIB), one of Egypt’s largest banks.
Iran sees windfall in Qatar World Cup
Iran is hoping to host visitors flocking to nearby Qatar for the 2022 World Cup finals, with officials boosting flights..."The Qataris are very interested in using Iran's infrastructure in the 2022 World Cup," Transport Minister Rostam Ghassemi told reporters on Tuesday
Visitors could apply for free single or multi-entry passes for 20 days during those two months
Sumou, Al Shabab sign contract
The Saudi real estate firm will develop club's land in Riyadh.The contract is for the purpose of leasing and investing the club’s land located on King Fahd Road and Olaya Road
Sumou will pay an annual rental fee of SR19.3 million
UAE Central Bank, Bank of Korea renew bilateral currency swap pact
The agreement will allow the exchange of local currencies between the two central banks of up to AED20 billion and...The agreement will allow the exchange of local currencies between the two central banks of up to AED20 billion and up to KRW6.1 trillion for five years
"The agreement with the Bank of Korea contributes significantly to the development of financial markets in both countries,” Mohamed Balama said
Sustainability drives region’s luxury car demand
UAE, Saudi Arabia and Kuwait are the three top performing GCC markets when it comes to appetite for high-end cars,...Car industry in the region is stepping up technological advancement and accelerating the transition to sustainable mobility
The popularity of electric automobiles increased during the COVID-19 due to government, bank, and car dealer incentives
DMCC registers record 665 companies to its Free Zone in Dubai during Q1
Dubai Multi Commodities Centre, the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise, welcomed...This represents DMCC’s best first quarter since its inception over twenty years ago, a 13 percent year-on-year increase.
In the first quarter of 2022 alone, 16 percent of all company registrations were for crypto-related activities.
Czech Republic delegation explores business opportunities in Bahrain
A business delegation of Czech Republic visited Bahrain to explore investment opportunities and expansion of economic projects between the two...The delegation expressed keenness on cooperating with the Bahraini private sector for investment in various sectors.
A minister said Bahrain welcomes all international investments and projects with added value to investment and investors.
