Air cargo demand up 8.3 percent in November 2023, says IATA
GENEVA, SWITZERLAND - The International Air Transport Association (IATA) released data for November 2023 global air cargo markets indicating the...Business Aviation
CES gadget fest a showcase for AI-infused lifestyle
The annual Consumer Electronics Show gathering boasts more than 3,500 exhibitors and is expecting some 130,000 visitors. Companies big and...Business Tech & Media
DEWA says 35% of work completed on Hatta power plant
The project is also part of DEWA’s initiative to develop the area to meet its social, economic, and environmental needs.The plant’s production capacity is set to reach 250 megawatts (MW) with a storage capacity of 1,500 megawatt-hours and a lifespan of up to 80 years
This is the first of its kind in the Gulf region, with investments of around AED1.421 billion ($0.39billion)
Islamic Development Bank keen to cooperate for achieving SDGs
The Islamic Development Bank (IsDB) affirmed that it would work together with all Multilateral Development Banks, International Finance Institutes, and...IsDB Group actively pursues counter-cyclical financing to its 57 member countries when they need it most, said its President Muhammad Al Jasser.
To boost the economy and recovery of the member countries, the Bank has approved development programs and projects amounting to $1.6 billion.
REIT signs $200m financing commitment with FAB
Masdar Green Real Estate Investment Trust (REIT) has signed a financing commitment to the tune of $200 million with First...The announcement was made during an official signing ceremony held at the 4th Abu Dhabi Sustainable Finance Forum during Abu Dhabi Sustainability Week
In 2018, Masdar signed the first green revolving credit facility in the Middle East, helping to support its investments in global clean technology
Pay only $11 to attend Qatar World Cup game
Qatar World Cup ticket sales were launched at reduced prices on Wednesday with residents and migrant workers able to attend...Authorities have not yet announced how many fans will be allowed into stadiums for the first World Cup in an Arab country
Football's world governing body FIFA opened a draw which offers individual match tickets for as little as $69 for international fans
Saudi PIF joins tripartite pact to produce green hydrogen for export
Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, POSCO and Samsung C&T signed here today a tripartite memorandum of...PIF, POSCO and Samsung C&T have signed an MoU on the sidelines of the Saudi-Korean Investment Forum.
The MoU included the implementation of feasibility studies to develop a green hydrogen production project in Saudi Arabia for export purposes.
Two day long Water-Food-Energy Summit concludes in Dubai
In order to explore solutions for water, food, and energy challenges, the UAE, Jordan, and the Netherlands wrapped up the...The UAE, Jordan, and the Netherlands issued a trilateral declaration affirming their commitment to supporting a nexus approach that optimizes resource use
The joint statement encouraged governments to incorporate practical solutions to water, food, and energy challenges into policy-making
Dubai issues 72,152 new business licenses in 2021, 59 percent professional
Dubai issued 72,152 new business licenses in 2021, a growth of 69 percent compared to 2020 when 42,729 licenses were...Bur Dubai accounted for the largest share (48,562) of new licences issued followed by Deira (23,513).
A total of 430,921 business registration and licensing transactions were completed in 2021, a growth of 24 percent compared to 2020.
Dubai Airport Show 2022 to showcase digital innovation
Dubai Airport Show 2022, to be held in May, will showcase a diverse range of innovative products and will provide...The latest IATA Global Passenger Survey, conducted across 153 countries, revealed passengers expect technology to give them more "personal control over their travel experience"
Digital queuing and biometric has been viewed as a priority to be implemented to modernize every component of the journey at airports
Turkey is restarting ruptured oil link connecting Iraq
Turkey's state oil operator Botas said the fire at the pipeline had been fully extinguished late on Tuesday, but gave...Tuesday's blast along the Kirkuk-Ceyhan link in southern Turkey contributed to a rise in international crude oil prices to a seven-year high
The pipeline normally carries more than 450,000 barrels a day from oil fields in northern Iraq to a Turkish port on the Mediterranean Sea
Aramco signs 10 Korea deals
The signings took place at the Saudi-Korean Investment Forum.The deals aim to advance Aramco’s downstream strategy and support the development of low-carbon energy solutions
They are also expected to create new financing options for the world’s largest oil and gas company
