DEWA unveils new distribution substations
It commissioned 1,414 substations of 11kv in Dubai.Business
Retail investors on Tadawul rise to 6.05 million in third quarter 2023
Riyadh, Saudi Arabia -- The number of individual investors on the Saudi Exchange (Tadawul) reached 6.05 million by the end...Business
Capital Bank of Jordan lists a $100m bond on Nasdaq Dubai
Capital Bank of Jordan has made its first-ever bond listing of $100 million on Nasdaq Dubai, the Middle East's international...According to the bank’s chairman, Bassem Al-Salem, the step will “extend Capital Bank’s reach and allow our teams to strengthen the bank’s relationship with investors in UAE
Nasdaq Dubai was chosen given its position as the largest regional venue for listing US dollar-denominated debt
Lufthansa posts net loss of $2.2bn
The German carrier said it cut its losses by two-thirds in 2021.German airline Lufthansa said that Ukraine invasion has led to uncertainty in aviation sector
It said rising price of fuel would also adversely impact the sector and could reduce the profit
Former Nissan boss refuses to fade away into oblivion
From his shock detention to an audacious escape from Japan hidden in an audio-equipment box, the rollercoaster saga of former...Ghosn and his aide Kelly were arrested in Tokyo on suspicion of financial misconduct on November 19, 2018
He was granted bail before being arrested again in a dawn raid of his Tokyo apartment in April of 2019
Amazon closing bookstores, pop-up shops to focus on grocery chain
E-commerce titan Amazon on Wednesday confirmed plans to close its bricks-and-mortar bookstores and pop-up shops in order to focus on...The Seattle-based company expected to close 66 real-world stores in the United States and two more in the United Kingdom.
Amazon acquired the Whole Foods Market grocery chain for $13.7 billion in 2017, significantly expanding the e-commerce giant's presence in physical retail.
ADNOC teams up with Proman to produce methanol in Abu Dhabi
Abu Dhabi National Oil Company (ADNOC) has signed an agreement with Proman, one of the world's leading producers of methanol,...The facility will meet growing domestic and international demand for this clean and versatile chemical commodity
Growth is expected to be driven by emerging economies in Africa and Asia, while methanol production in the UAE will support decreased reliance on imports
UAE and Latvia launch economic cooperation program in six sectors
The UAE and Latvia have agreed on a six-track economic cooperation program covering trade and investment, innovation and advanced technology,...The program covers investment, innovation and advanced technology, transportation and logistics, agriculture, food, education and science.
An MoU between the Investment and Development Agency of Latvia (LIAA) and the SMEs Development Department at the UAE Ministry of Economy.
Etihad Cargo revenue grows 49 percent
The company recorded 27 percent YOY rise in freight carried.In Q1, Etihad Cargo temporarily modified five Boeing 777 aircraft to support cabin-loaded cargo.
By mid-2021, Etihad Cargo had announced the recovery of more than 90 percent of its network compared to pre-COVID.
Technology makes Saudi farms more sustainable
The Kingdom's startup Red Sea Farms woos regional and global investors with a technology that grows crops without using freshwater...The Kingdom's Red Sea Farms woos regional and global investors with a technology that grows crops without using freshwater in humidity-controlled greenhouses
The firm seeks to break the food water-energy nexus by leveraging saltwater, novel humidity control, and solar energy to lower costs and improve yields for farmers
Arada awards two contracts
The $32.13m contracts are aimed at development in Masaar.Work by both contractors is scheduled to be completed by end of April, in time for the opening of the Masaar Experience Center in June.
Masaar is AED8 billion($2.18b) forested megaproject located in the Suyoh district of Sharjah.
Dubai Derma 2022 registers $540m in business deals, attracts 21,000 visitors
The Dubai World Dermatology and Laser Conference and Exhibition (Dubai Derma 2022) concluded its 21st edition on Wednesday, and registered...It focused on various developments related to cosmetic surgery, lasers, cosmetic dermatology and anti-ageing, among others.
The conference featured 326 scientific lectures, 79 workshops, and more than 90 scientific poster presentations.
