Use of DEWA’s electric-vehicle green chargers up 59% in 2023
Dubai, UAE -- Dubai Electricity and Water Authority (DEWA)’s EV Green Charger initiative witnessed a 59 percent increase in the...Business Energy
WEF24: GenAI poised to revolutionize energy sector
The GCC -- with countries such as Saudi Arabia, the UAE, Kuwait, and Qatar -- plays an important role in...Business
Dubal Holding profit at $735m
DH is Dubai’s commodities and mining investment arm.DH had seen profits of AED217 million ($59.09 million) for the previous year
The numbers point to an increase of nearly 1,150 percent in net profit for the company
New FB tools target groups
The tools help groups automatically reject posts with false info.More than 1.8 billion people per month use Facebook Groups, which allow members to gather around various topics
Yet, critics have said the groups are ripe targets for misinformation as they sometimes have large audiences of like-minded users
F&B sector in GCC eyes greater sustainability
Tetra Pak Arabia Managing Director Niels Hougaard explains what lies ahead for F&B companies — bith regionally and globally —...Pollution and plastic litter in the ocean are the joint top environmental worry, while global warming is a close second
GCC countries have launched several initiatives to educate consumers about recycling and sustainable consumption
Sharjah Airport records 7 million passengers in 2021
In 2021, the Sharjah Airport served more than 7 million passengers with more than 57,000 aircraft movements and approximately 1.2...The volume of cargo in 2021 crossed 140,717 tons, while the volume of sea-air cargo reached 18,696 tons, a 22.27 percent increase from 2019.
The airport renewed the ACI’s Airport Health Accreditation (AHA) for the second consecutive year.
Dubai passes new law to regulate virtual assets like Bitcoin
Dubai has promulgated a new law in order to regulate virtual assets that are becoming popular with many investors in...“We established an independent authority to oversee the development of the best business environment in the world for virtual assets," Sheikh Mohammed tweeted
Virtual assets exist digitally and can include cryptocurrencies like Bitcoin and Ethereum
Saudi stocks shoot up on the back of high oil prices
Nudged by high oil prices, Saudi stocks inched up as the main index, TASI, gained 0.24 percent to touch 12,882,...Oil prices kept rising rapidly, as Brent crude oil peaked at $130.85 per barrel, while US WTI crude reached $125.96 per barrel
Wataniya Insurance Co. gained 4.40 percent at the opening bell to be the top gainer at the opening bell
Major UAE companies to work for raising solar power production capacity
The companies are Emirates Global Aluminum (EGA), Abu Dhabi National Energy Company (TAQA), Dubai Holding and Emirates Water and Electricity...TAQA and Dubai Holding envisage acquiring EGA's electricity generation assets in the UAE, holding a 50 percent share each.
For TAQA, the acquisition of EGA's power assets would increase the company's UAE-based capacity to more than 23 gigawatts.
Drone threat puts air defense at centerstage of Saudi defense show
Deadly strikes on Saudi Arabia and the United Arab Emirates claimed by Yemeni rebels have been the talk of shows...Around 600 companies from about 40 countries showed off the latest military technology at the World Defense Show in Riyadh.
The General Authority for Military Industries, which oversees the Saudi defense industry, has made 22 deals with national and international enterprises worth some $2bn.
Kyrgyzstan and Ras Al Khaimah to expand cooperation in investment, trade
Kyrgyzstan and the UAE have discussed enhancing the investment and trade cooperation between the two sides. Mohamed Ali Musabbeh Al...Both sides agreed at a meeting to organize a business visit by a delegation from the chamber to Kyrgyzstan.
The meeting also discussed several projects and investment opportunities that will increase the trade exchange between Kyrgyzstan and Ras Al Khaimah.
Over 27,800 new firms join Dubai Chamber of Commerce in 2021
Over 27,800 new member companies joined the Dubai Chamber of Commerce in 2021, a 66.8 percent increase compared to 2020,...The Chamber said it also achieved its goal of becoming 100 percent paperless by the end of 2021, representing an important milestone in its digital transformation mission.
The value of exports and re-exports of Dubai Chamber of Commerce members amounted to AED227 billion.
