Spain urges WTO meet in UAE to address de-globalization
ABU DHABI, UAE - Madrid wants the upcoming 13th Ministerial Conference (MC13) of the World Trade Organization (WTO) here next...Business Economy Geostrategy Global
Borouge full-year net profit $1bn
The firm posted third consecutive rise in quarterly earnings.Company News Business
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
Borsa Istanbul to provide consultancy services to Abu Dhabi Securities Exchange
The MoU is the latest in a series of strategic partnership agreements signed by ADX as part of its strategy...The agreement was signed during the visit of the President Recep Tayyip Erdoğan of Turkey, to the UAE on Feb 15.
Borsa Istanbul will also provide consultancy service to ADX in the establishment of systems, integration, updating the platform.
DMCC to collaborate with C3 to initiate Impact Scale-Up program in Dubai
C3 is a UAE-based social enterprise empowering impact-driven entrepreneurs across the Middle East, Africa and Turkey.The comprehensive training and networking program will provide a proven blueprint to successfully enter the UAE market, and connect with local and regional investors.
DMCC will offer a total of 20 "Impact" business licences to successful firms, providing them with substantial savings on business setup costs through 70 percent discount.
UAE and Turkey to cooperate in agriculture, rural development
The pact is in line with the UAE’s leadership to enhance international cooperation and exchange of successful experiences.Areas of cooperation include agricultural pest control and plant protection, organic agriculture, technology-based agricultural production, food safety, food production.
The two countries will also collaborate in the promotion of joint agricultural ventures between their private sectors, and development of specialized agricultural zones.
MAWANI signs pact with Bahri to build logistics park
The Saudi Ports Authority (MAWANI) signed an agreement with shipping giant Bahri to build and operate an integrated logistics park...Once built, Bahri will manage operations at the state-of-the-art facility for a duration of 20 years.
The 95436m2 logistics zone will provide storage and handling services for all types of inbound and outbound shipping containers.
Dubai International Financial Centre records best performance in 17 years
Dubai International Financial Centre (DIFC) has reported its best annual performance to date, recording its highest ever annual revenue and...The Centre said it achieved its 2024 Strategy growth targets three years ahead of schedule during the first half of 2021.
Revenue increased by 16 per cent to AED897 million year-on-year versus AED774 million in 2020, and up by 7 per cent from AED838 million in 2019 (pre-pandemic levels).
Pandemic turns business models upside down, says Fjord Trends report
Nearly two years of disruption to the fabric of society due to global pandemic has resulted in a collective shift...The rising individualism underlined by a “me over we” mentality has profound implications for organizations in how they lead their employees.
The metaverse will be a new frontier of the internet, combining all the existing layers of information, interfaces, and spaces with which people interact.
UAE industrial exports surge to $32.6bn in 2021: Ministry of Industry
According to the 2021 annual report released by the Ministry of Industry and Advanced Technology, the rise in exports coincided...Also, the National In-Country Value has succeeded in circulating AED41.4 billion ($11.5 billion) back into the local market.
UAE rose five places—from 35 to 30-- in the Competitive Industrial Performance Index issued annually by the United Nations Industrial Development Organization.
