Passenger traffic could exceed earlier figures, says Dubai Airports’ CEO
DUBAI, UAE – The airport here has "every chance" of breaking its record for passenger traffic this year after surpassing pre-pandemic...Business Global Aviation
GCC emerges as a cryptocurrency investment hub
Driven by government initiatives, economic diversification and a tech-savvy population, the region is becoming a prominent center for cryptocurrency investment,...Business
Bitcoin being used for money-laundering: Report
Mexican cartels are estimated to have used bitcoin to launder $25 billion a year in Mexico alone, according to a...The criminals skirt a law requiring cryptocurrency platforms to notify authorities of any transaction of more than $2,830
They are then said to use the accounts to repeatedly buy small amounts of bitcoin online to pay associates
UAE, New Zealand partner to strengthen trade relations
According to Statistics New Zealand, the total two-way trade between New Zealand and the UAE in 2021 reached AED8.63 billion...ECI and NZEC have agreed to promote the UAE and New Zealand exports and export-related investments
They will provide tailored trade credit insurance and financial guarantees, backed by their governments
Aramco JV inks China deal
The refinery, in China’s Panjin, should be operational by 2024.The liquids-to-chemicals complex is being built by Huajin Aramco Petrochemical Company (HAPCO), of which Aramco is a part
The other members of the JV are North Huajin Chemical Industries Group Corporation and the Panjin Xincheng Industrial Group
Airlines want end to Covid restrictions for EU flights
Most countries in the EU are beginning to relax requirements to present proof of vaccination and wear masks.ACI Europe represents some 500 airports in the region plus IATA, which is the top trade association for airlines
It noted that numerous countries were now dropping requirements to wear masks or present proof of vaccination
Gulf fitness sector works out well as Covid curbs ease
As the Covid restrictions ease, gyms and fitness centers in the region are on a solid path towards recovery with...As pandemic restrictions ease, gyms in the region are on a solid path towards recovery with class occupancy catching up at 88 percent pre-COVID levels
Fear of getting the virus and social isolation were at the forefront of people's minds during the pandemic, imposing a burden on mental health
SeaBubbles launches UAE’s first hydrogen flying boat in Dubai
The company is celebrating the pearl legacy of the UAE by unveiling X-Pearl at the Dubai International Boat Show 2022.The company is celebrating the pearl legacy of the UAE by unveiling X-Pearl at the Dubai International Boat Show 2022
The new boat represents the future of green mobility by combining the sensations of flying and sailing for a zero-wave, zero-noise, zero-emission navigation.
Saudi startups collect 58% of $375m in funding in MENA
Saudi startups have secured 58 percent of the total $375 million in funding in the MENA region in February.Startups in the logistics sector raised the most funding in February with $120 million in the region, and the Kingdom’s startup Trukker secured $96 million in its series B round
Saudi Arabia was also the most active in terms of investor participation with 27 deals, while UAE investors participated in 22 agreements
Number of new companies in Ajman China Mall up 12 percent
Ajman China Mall has registered a growth of 12 percent in the number of registered companies in 2021 compared to...Out of 1,000 enterprises operating in the mall, the retail sector topped the list followed by the fashion and textile sector.
The Mall’s yearly import value reached an average of AED 3.65 billion, with export products valued at AED 2.1 billion.
Saudi Industrial Production Index shoots up 11.1% in January
Driven by high oil output, Saudi Arabia’s Industrial Production Index shot up 11.1 percent in January, official data indicated.This positive performance was mainly due to a 11.4 percent rise in mining and quarrying sector, which includes oil production as well
The Kingdom pumped at a level of over 10 million barrels per day in January
The Bukhatir Group of UAE revives Tunisia $5bn construction project
The Bukhatir Group of the United Arab Emirates announced Thursday the relaunch of a $5 billion real-estate project in Tunisia,...Known as the "Tunis Sports City," the venture has been on hold for 15 years, due in large part to the 2008 global financial crisis and Tunisia's 2011 Arab Spring protests
The ambitious project will involve the construction of a golf course, sports academies, hotels and luxury villas in a lakeside northern suburb of the Tunisian capital, Tunis
