US sanctions Hong Kong, UAE firms over Houthi support
The move comes hours after US and UK forces launched strikes against the Houthi rebels, seeking to halt their repeated...Business Geostrategy
Oil prices rise after US, UK strike Houthi rebels
Oil prices surged four percent after US and UK forces launched strikes against Iran-backed Houthi rebels after attacks on ships...Business Economy Energy Geostrategy
Sharjah University, AUS to launch research for sustainable energy solutions
The Sharjah Research, Technology, and Innovation Park (SRTI Park) revealed an ambitious plan to be executed in cooperation with the...A proposed solution is to convert the generated hydrogen into fuels and chemicals for easier transportation.
AUS scientists are researching the production and use of various hydrogen-carrying molecules in industry.
Saudi Arabia’s real estate Price Index increased by 0.9 percent in Q4 2021
The General Authority for Statistics (GASTAT) released today through its official website a report on Real Estate Price Index in...Residential land prices were responsible for the rise in real estate prices in Q4 of 2020.
The Real Estate Price Index is a statistical tool for measuring the relative change in real estate prices in the kingdom.
Dubai Crown Prince forms committee to oversee Hatta development
Dubai Crown Prince and Chairman of The Executive Council of Dubai Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum has...The Committee is tasked with attracting investments in Hatta by creating investment opportunities for the public and private sectors.
The Committee will also be responsible for approving Hatta’s promotional and marketing plan locally and internationally.
Sharjah Chamber and European Women Association to foster trade ties
The agreement also provides the exchange of commercial data and statisticsAn MoU signed by the two sides will encourage the exchange of trade delegations and discussions in the fields of export and economy.
The MoU was signed by Abdullah Sultan Al Owais, Chairman of the SCCI, and Yulia Stark, President of the European Women's Association.
Masdar, Mitrabara announce JV
The venture targets commercial and industrial segment.The venture will help Masdar expand its presence in Indonesia and support the nation’s clean energy and climate objectives.
Masdar entered the Indonesian market in 2020, forming a joint venture with PT PJBI, a subsidiary of Indonesia’s state electricity company.
Emirates to resume US flights after ‘temporary’ 5G reprieve
Emirates said Thursday it will lift a suspension of flights to several US destinations in a "temporary reprieve" after the...Flights to six destinations will resume Friday, and on Saturday services to Boston, Houston and San Francisco will return to Boeing 777 planes.
The airline announced flight suspensions on Tuesday over concerns that the 5G mobile networks launched by AT&T and Verizon could interfere with altimeters, which measure altitude.
Israel buying 3 military submarines from Germany
The deal includes the purchase of three Dakar submarines, the first of which will be delivered to the Israeli navy...Negotiations on the deal were delayed and complicated by a suspected corruption affair involving Israel's last purchase of German submarines
An alleged massive bribing scheme in Israel's 2012 deal to buy Thyssenkrupp submarines implicated several big fish in the country’s power structure
UAE restructures Securities and Commodities Authority
The Cabinet has approved a decision to restructure the Board of Directors of the Securities and Commodities Authority, under the...The decision will help the Authority in promoting the performance of the financial markets in the country.
The revamped Board will consolidate the UAE’s stature and its global leadership in this field, the authority says
Tadweer inks deals worth $64m
The deals were signed at the eighth edition of EcoWASTE.EcoWASTE 2022, where the deals were signed, was held at Abu Dhabi National Exhibition Centre
It was organized as part of Abu Dhabi Sustainability Week in strategic partnership with Tadweer
Kuwait, Saudi Arabia should develop trade, investment cooperation: KCCI
Chairman of Kuwait Chamber of Commerce and Industry (KCCI) Mohammad Al-Saqer called for more bilateral efforts to achieve the desired...Chairman of Kuwait Chamber of Commerce and Industry (KCCI) Mohammad Al-Saqer called for more bilateral efforts to achieve the desired economic goals
On ongoing economic and political developments in the Kingdom, Al-Saqer noted that the Kingdom is an ideal example to follow
