The DCO Council announces multilateral initiatives to bridge digital divide
Manama, Bahrain - The Digital Cooperation Organization (DCO), a global intergovernmental organization dedicated to fostering digital prosperity for all by...Business Tech & Media
IMF says Red Sea shipping down one-third due to Houthi attacks
"Container shipping... has declined by almost 30 percent," said Jihad Azour, director of the IMF's Middle East and Central Asia...Business Geostrategy
Dubai plans to attract 50 multi-national companies under a three-year strategy
Dubai plans to attract 50 multinational companies within three years and push the external expansion of 100 companies from Dubai...Drawn by Dubai International Chambers, the strategy will also push the the external expansion of 100 companies from Dubai to priority foreign markets.
It will also support and motivate multinational companies to list on the Dubai Financial Market.
Dubai Islamic Bank issues $750m five-year sukuk
Dubai Islamic Bank has successfully priced its $750 million five-year senior sukuk, taking advantage of global interest in Islamic bonds....The debt sale, a first in the UAE this year, attracted huge investor interest and was more than 2.5 times oversubscribed
The bonds were priced at 95 basis points with a profit rate of 2.74 percent
SAN Group to invest in RAKEZ
The firm will construct a sustainable hydrogen production unit in the zone.This biotech facility will consist of a research center, laboratory, desalination plant, greenhouse as well as hydroponic and aquaponic indoor systems.
The project will be constructed with an investment of $3.2 million and will be operational at the end of 2022.
Covid lockdown in China makes aluminum costlier
The Covid lockdown this week of a relatively unknown Chinese city sent global prices of aluminum rocketing to a 14-year...Located near the border with Vietnam, Baise is nicknamed the "aluminum capital of southern China"
It produces about 2.2 million tonnes of the commodity per year -- more than 80 percent of the output in the resource-rich Guangxi region
DP World volume growth 9.4 percent
All DP World regions delivered volume growth, especially India.2021 gross volume growth was broad-based with India, Asia Pacific, Middle East & Africa, Europe, Australia and Americas regions being the key growth drivers.
Chief Executive Officer Sultan Ahmed Bin Sulayem said the performance was due to the company's continued investment in high-quality assets in the right locations.
EGA to build an aluminum recycling facility in UAE
Emirates Global Aluminum is looking to set up an aluminum recycling facility with a capacity to churn out 150,000 tonnes...EGA intends to market recycled aluminum under the product name "EternAL," the company announced on Wednesday in a statement
Feasibility studies for the project are underway. Production ramp-up could begin as early as 2024, the company revealed
Asian markets rise again as traders wait for US inflation data
Signs of lower tensions between Russia-Ukraine have put investors at ease.Asian markets rose following a positive performance as traders prepared for the release of highly anticipated US inflation data
Oil prices also enjoyed a small bounce on demand optimism after two days of losses fueled by several worldwide factors
E-commerce in F&B sector in Gulf is projected to reach $71.62 bn by 2028
E-commerce in the F&B industry is booming with recent research forecasting it to reach USD71.62 billion by 2028, registering a...These trends have led to an urgent need for the industry to dig deeper into its e-commerce offerings to level up the ecosystem
Trends, trials, and solutions to truly unlock the e-commerce potential will be explored in great depth for the first time at Gulfood 2022
GCC tech markets yet to recover from Covid-19
It's time to review demand generation plans as Covid-19 is still posing challenges for the regional markets, says Michele Montecchio,...Acer believes all features that facilitate remote working such as HD cameras and high quality microphones would be more important assets in 2022.
The company plans to upgrade the entire Acer line-up with the latest CPU generations from both Intel and AMD this year.
Qatar Industrial Co. posts net profit of $38m in 2021
Qatar Industrial Manufacturing Co. has reported a net profit of $38m for 2021 in comparison to net profit of $23m...The company disclosed the interim financial statement for the 12-month period ending Dec. 31, 2021
Qatar Industrial Manufacturing Co. was established in 1990 with a capital of QR 475.2 million
