WSG has ushered in a new decade of positive impact: Hamid Al Zaabi
Dubai, UAE-- The World Governments Summit (WGS) has ushered in a new decade of positive impact, inspiring governments and societies...Business
UAE economy posts best growth rates in comparison to others: IMF official
Dubai, UAE-- The UAE's economy has recorded the best growth rates in comparison to other economies in the region, according...Business
GCC eyes floating hotels, eateries to buoy tourism
Floating restaurants and hotels could be a significant supporting player as the GCC region aspires to increase its footprint as...The UAE is well known for its floating restaurants and five-star floating hotels
Qatar aims to construct 16 floating hotels for 2022 FIFA World Cup visitors
Europe’s Investment in Palestinian economy touches $1.61bn
Around 60% of $1.61 billion were committed only in the last two years showing remarkable growth in mobilization of finance...A high-level policy meeting on Friday in Ramallah revealed this data of European Investments in Palestine
A big bulk of investments is for boosting access to finance for SMEs, the backbone of the Palestinian economy
Venture capital invests $548m in Saudi start-ups
The investment spans several sectors including e-commerce, financial technology, education and transportationThis was up from SR236 million ($63 million) in 2018, according to a Saudi Venture Capital (SVC) Impact Report
The number of investors in Saudi startups rose by 192 percent, reaching 76 in 2021, up from 26 three years earlier
UAE and India sign ‘milestone’ pact to boost economies
Abu Dhabi Crown Prince Mohammed bin Zayed Al-Nahyan, and India's Prime Minister Narendra Modi held a virtual summit to witness...India-UAE trade is valued at $59 billion, making the oil-rich Gulf country India's third largest trading partner for the year 2019-20.
The UAE is India's third largest export destination with nearly $16 billion clocked in 2020-21, it added.
UAE, Hungary sign MoU to establish joint business council
The UAE Federation of the Chambers of Commerce and Industry (FCCI) and the Hungarian Chamber of Commerce and Industry (HCCI)...The MoU was signed by Hamid Mohammed bin Salem, FCCI Secretary-General, and Péter Szijjártó, Minister for Foreign Affairs and Trade of Hungary.
The parties inked the MoU at the Hungarian pavilion at Expo 2020 Dubai on the sidelines of the third meeting of the UAE-Hungarian Business Committee.
Governors of UAE and Turkey central banks to collaborate in banking sectors
The meeting was held on the sidelines of the official visit of Turkish President to the UAE.The currency swap agreement was signed in January 2022, which promotes the financial, commercial and investment interests of the two countries.
Senior officials from both the central banks were present in the meeting which was held in Abu Dhabi.
Majority of Saudi nationals positive about tourism sector jobs: Study
A sizable number of Saudis look positively at jobs in the tourism sector, according to a study by the kingdom's...Overall, 80 percent of respondents felt that there were plenty of opportunities for career learning, while 75 percent felt careers in tourism will provide long-term stability.
The regions with the highest interest in careers in tourism include Tabuk (91 percent), Hail (86 percent), Asir (85 percent), Riyadh (82 percent) and Al Jouf (83 percent).
Ghazl El Mahalla of Egypt puts off its listing to April
The Egyptian football club Ghazl El Mahalla has put off its listing on the stock exchange to April. The listing...The prospectus, according to Mohamed Maher, from investment bank Prime Holding, for the initial public offering on the Egyptian bourse will be completed within days
The sporting club had earlier closed a private placement of 37 million pounds ahead of the public offering
India sets an ambitious goal to be a hub for green hydrogen
India has unveiled the first part of a drive to attempt to turn the world's third-largest emitter of greenhouse gases...Green hydrogen is produced using non-fossil fuel power to then be utilized in carbon-heavy industrial processes like making steel and concrete, and for transportation
The country aims to produce five million tonnes of green hydrogen annually by 2030
Dubai records $1.22 billion worth of weeklong real estate transactions
A total of 2,098 real estate transactions worth AED4.5 billion ($1.22 billion) were conducted during the week ending 18 February...A total of 252 plots were sold for AED1.1 billion, 1,437 apartments and villas were sold for AED2.47 billion.
Among the top three transactions was a plot of land in Palm Jumeirah that sold for AED60 million.
