Qatar to set up Centre for Fourth Industrial Revolution
Davos, Switzerland -- The war in Ukraine, tensions in the Middle East, monetary policy in 2024, jobs, equitable economic growth,...Business
Watch: Experts discuss how Arab world reshapes future
At the HUB Davos 2024 conference, UAE's Minister of Economy Abdulla Bin Touq Al Marri highlights the nation's commitment to...Business
Iran to face off with US and England in football World Cup
Having fought to win the respect of Iran's football public, Dragan Skocic now has a World Cup showdown with England...England manager Gareth Southgate admitted he knew little about the Iranian team his side will face on the opening day of the World Cup
FIFA has been urged to punish Iran for refusing to let women into a stadium for their last World Cup qualifier against Lebanon this week
Binance, crypto firm, to hire more than 100 people in UAE
Binance, the world's biggest crypto exchange in trading volume, will hire more than 100 people in the UAE, days after...The firm's links with the Gulf state have deepened in recent months as the UAE tries to style itself as the world’s new digital assets hub and develops regulation
The $2.1 trillion crypto sector is still subject to patchy regulation across the world. US sees high risks in crypto
India and Australia sign trade deal to cut tariffs
India and Australia signed an interim free trade deal on Saturday that cuts tariffs on billions of dollars of commerce...Both signatories are members of the Quad alliance with the United States and Japan, which is seen as a counterweight to an increasingly assertive China
Two-way trade reached around $27.5 billion last year according to New Delhi, with resource-rich Australia exporting coal and other commodities, along with sheep meat
Aldar buys Ras Al Khaimah’s Rixos Bab Al Bahr hotel in $210m deal
Aldar Investment acquired the 715-room hotel that opened its doors in 2014, marking the company's second investment in the emirate...Aldar Investment acquired the 715-room hotel that opened its doors in 2014, marking the company's second investment in the emirate this year
Aldar Investment has also secured development rights for an additional 250,000 square feet for residential and commercial use, it said in a statement
Dubai’s real estate market to ramp up going forward: Report
Over 84 percent of real estate professionals expect competition within Dubai’s real estate market to ramp up going forward, according...More than two-thirds (68 percent) of respondents in Dubai said they had experienced growth over the previous twelve months
In November 2021, Dubai registered the best month of sales on record, with a total of 6,989 transactions worth AED17.95 billion
Jordan, US discuss ways to enhance strategic partnership
Jordan’s Deputy Prime Minister Ayman Safadi and US Secretary of State Antony Blinken discussed the new MoU for the strategic...A new MoU between the two countries frames the US aid for Jordan, replacing the current memorandum, which expires in September 2022
According to the current MoU, the US has provided Jordan with annual support over the past four years, which amounted to 1.65 billion in 2021
Ortega heiress heads Zara parent
Marta Ortega on Friday took the reins of Zara-owner Inditex.Worth some €62 billion, Zara-parent Inditex nearly tripled its profits last year to €3.2 billion
However, its outlook for 2022 has been overshadowed by Russia's invasion of Ukraine
UAE, Colombia finish phase 1 of Comprehensive Economic Partnership Agreement
UAE-Colombia non-oil trade was valued at AED991 million ($269.84 million) last year. Under the partnership, this figure could increase threefold...The agreement is expected to help strengthen trade and investment relations between the two countries
The UAE’s Ministry of Economy has said it is continuing joint efforts to reach a final draft of the agreement
ADPG profit up Dh397m
The company’s revenue rose to AED 3.9 billion.AD Ports Group has evolved into a vertically integrated ecosystem of businesses that include Economic Cities & Free Zones, Ports, Logistics, Maritime, and Digital services
As a strategic gateway to Abu Dhabi, AD Ports Group generated 21 percent of all non-oil related GDP in the Emirate, according to Oxford Economics
GCC pharma industry: Leaders and innovators
GCC countries have a highly dynamic environment characterized by growing populations, a broad diversity of patient demands and increasing healthcare...The number of drug factories in the UAE has risen from four in 2010 to 23 in 2021, while its drug market is expected to grow up to $4.7 bn in 2025.
More than $400m worth of Saudi pharmaceuticals are exported each year. The kingdom aims to double the percentage of local pharma manufacturers.
