Markets drop as Middle East tensions rise, rates cut delayed
While inflation is on a general downward path, there is a worry that it could pop back up anytime, particularly...Business
DEWA extends fibre-optic ducts across Dubai by 364 kms in 2023
Dubai, UAE--The Dubai Electricity and Water Authority (DEWA) has laid over 364 kilometres of fibre optic (FO) ducts across different...Business
ADNOC framework agreements declared
The $1.94 bn agreements have been awarded to four companies.The wireline logging and perforation services are the largest of such awards in the oil and gas industry.
The framework agreement awards cover ADNOC’s onshore and offshore fields and will run for five years with an option for a further two years.
UAE Food and Beverages from Latin America reached $1.9 bn in 2020
The UAE’s food and beverage imports from Latin America reached $1.9 billion in 2020 as the Gulf country expanded its...Dubai Chamber of Commerce revealed UAE expanded its efforts to enhance food security.
The Chamber's analysis estimates the untapped potential of Latin American food and beverage exports to the UAE at $800 million.
Moody’s calls transfer of Aramco shares to PIF as credit positive
Moody's has termed the share transfer of Saudi Arabia’s Aramco to the Public Investment Fund as credit positive as it...The transaction, which saw Aramco transferring a 4 percent stake to PIF, will also improve the fund’s sector diversification, and will add an asset that regularly pays dividends
PIF’s assets will increase by SR296.4 billion ($79 billion) following the transfer, or 20 percent higher than in 2020
Airbus posts net profit of $4.8bn in 2021, after two years of losses
European aircraft giant Airbus posted record profits in 2021 after two years of losses as it cruises past the pandemic-induced...Net profit surged to 4.2 billion euros ($4.8 billion) with deliveries of aircraft rising eight percent to 611 planes, Airbus said in an earnings statement
The company is targeting 720 commercial aircraft deliveries in 2022, an 18 percent increase
Jordan’s 26 companies to take part in Baghdad intel Fair
Jordan's minister praised the Ministry of Communications for its achievements in the communications and information technology sector.Jordan's minister praised the Ministry of Communications for its achievements in the communications and information technology sector.
Jordanian Ministry and the joint companies will hold a series of meetings in order to discuss cooperation
Saudi Arabia elected as Head of ICAO’s Regional Aviation Safety Group for Middle East
The election took place during the ninth session of the group’s meetings hosted in Riyadh from 14-17 February 2022.The election took place during the ninth session of the group’s meetings hosted in Riyadh from 14-17 February 2022
The RASG-MID aims to develop an integrated data-driven strategy and implement a work program that supports a regional safety management performance framework
UAE to promote innovation in home businesses
This was discussed at panel discussion about "Innovation in Home Businesses" which was organised by the Ministry of the "UAE...This was discussed at a panel discussion about "Innovation in Home Businesses" which was organised by the Ministry of the "UAE Innovates-February 2022"
Minister of Community Development Buhumaid highlighted outstanding success stories for national entrepreneurs and small business owners to inspire the UAE productive families
Aramco, Egypt company sign non-binding crude oil supply pact
Aramco Trading Company signed on Wednesday a non-binding agreement with Egypt’s Red Sea National Petrochemicals Company for a long-term crude...The agreement will pave the way for Aramco Trading to buy products from Red Sea, which include polymers, olefins, and liquid refined and petrochemical products
The Red Sea National Petrochemicals Company was established to meet the needs of the local market for refined and petrochemical products
Google to overhaul ad tracking system on Android devices
Google announced plans Wednesday to limit ad tracking on its Android operating system running on billions of devices, a sensitive...Apple has about 50 percent of the US smartphone market while Google's Android software is used on roughly 85 percent of smartphones globally
At present, the internet search giant assigns an identity to Android-powered devices, which enables advertisers to have a profile of people's online habits
AI/ML boosts efficiency of GCC frontline workers
The Gulf region leads in adoption of artificial intelligence or machine learning to boost productivity, says Rami Darwish, CEO of...The pandemic has highlighted the importance of making digital solutions available for field staff
Frontline and back-office must be on the same platform to facilitate information flow
