RTA inks agreement to develop entry/exit points for Dubai Harbor
DUBAI, UAE - The Roads and Transport Authority (RTA) of the Emirate has entered into a strategic partnership with ‘Shamal...Business Geostrategy
WEF24: The story of Africa is being reclaimed
Africa is moving away from stereotypes of poverty and incapacity to a narrative of ability and competitiveness, Sithembile Ntombela maNdaba,...Business
Abu Dhabi launches ‘Abu Dhabi Express’ bus service
The Abu Dhabi Express is a direct, non-stop bus service, making its routes the quickest means of transport, enabling passengers...The Abu Dhabi Express is a direct, non-stop bus service, making its routes the quickest means of transport, enabling passengers to get to their destinations
The Abu Dhabi Express services will all use the main bus station in Abu Dhabi city as an arrival point
UAE and New Zealand to collaborate in food security
The UAE and New Zealand have signed an agreement to enhance collaboration in food security, a step aligning with the...Mariam bint Mohammed Almheiri, UAE Minister of Climate Change and Environment, and Damien O’Connor, New Zealand’s Minister of Trade, signed the MoA
Officials from the two ministries will meet regularly to develop a plan for joint activities and programs aimed at advancing the MoA’s areas of cooperation
Gas Arabian Services profit dips 18%
The net profit of Gas Arabian Services Co. has decline to $16 million.The firm’s net profit fell to SR60 million ($16 million), compared to SR73 million a year earlier, according to a bourse filing
Despite the lower profit, the Dammam-based company seeks to pay SR2 per share as dividends
Lebanon bans top officials of five banks from travel
A prosecutor in Lebanon has issued travel bans against the heads of the boards of five Lebanese banks as a...Ghada Aoun, the judge, issued the bans against Salim Sfeir of Bank of Beirut, Samir Hanna of Bank Audi, A Sehnaoui of SGBL, Saad Azhari of Blom Bank, and Raya Hassan of Bankmed
She has not charged any of them with a crime
Volkswagen sees 2021 profits surge
The carmaker sold 600,000 fewer vehicles in 2021 than in 2020.The German automaker expects its sales to increase by 5-10 percent in 2022
The world's second-largest automotive group's revenue rose 12 percent last year due to 'favorable pricing'
Weekly loss for UAE markets, amid contrast for TASI
Oil prices rose by more than 20 percent this week, due to ongoing concerns about supply disruptions and Russian output.The Saudi index ended its week on Thursday (March 10, 2022) down by 0.4%
Abu Dhabi index finished the week with a loss of 0.3% on Friday (March 11, 2022)
Abu Dhabi Police intercept 1.5 tons of contraband, worth $40m
This action, among others, could be quite helpful in getting the UAE out of the so-called grey list of the...The Anti-Drug Section at the ADP’s Criminal Investigation Department (CID) detected a suspicious shipment
It had arrived from a neighboring country at Khalifa Port, and was apparently meant to travel to Europe
MENA businesses are battling social media scams
Saeed Ahmad, Callsign’s Managing Director for the MENA region, explains how a single fraudulent message impersonating an entity can erode...Scams have targeted 66 percent of people in the UAE in recent years, and the phenomenon is spreading
Around 50 percent of the region’s consumers lose faith in an organization whose name appears in a scam message
UAE, Bangladesh to expand cooperation in trade, investment
The UAE-Bangladesh Business Forum discussed ways to enhance cooperation between the two countries in the field of trade and investment,...An MoU was signed between the two to establish a joint UAE-Bangladesh Business Council.
The UAE-Bangladesh Business Forum was held at DP World Pavilion at Expo 2020 today in the presence of ministers.
Dubai records $3.64 bn worth of weeklong real estate transactions
Dubai witnessed real estate and properties transactions worth AED13.4 billion ($3.64 bn) during the week ending 11 March 2022, according...The top three transactions were a plot of land in Trade Centre Second sold for AED198.15 million, followed by a plot of land that was sold for AED160.14 million in Palm Jumeirah.
The sum of the amount of mortgaged properties for the week was AED3.83 billion, with the highest being a building in Palm Jumeirah, mortgaged for AED1 billion.
