Egypt denies suspending navigation through Suez Canal
Cairo, Egypt - Egypt Saturday said that navigation movement in the canal is regular from both directions, Chairman of the...Business Geostrategy
Lunate Capital launches Shariah-compliant ETF tracking Indian equities
ABU DHABI, UAE - Lunate Capital announced the launch of the Chimera SP India Shariah ETF, a physical, in-kind, liquid,...Business Economy Markets
World tourism won’t return to pre-Covid levels until 2024: WTO
In Europe and the Americas, foreign visitor arrivals surged by 19 percent and 17 percent, respectively, last year over 2020....Tourism revenue in 2020 was 72 percent down on the previous year which closed with the Covid onset
The highly contagious Omicron variant, though mild, will "disrupt the recovery" in 2022
Ferrari World and Warner Bros. break Guinness Records titles
Ferrari World Abu Dhabi and Warner Bros. World Abu Dhabi broke two Guinness World Records titles in celebration of the...Warner Bros. World Abu Dhabi broke the record title with 20,482 contributions during the festive season
The Park broke the record title with 4,826 contributions breaking the previous world record of 2,462
Europe showcases work on circular economy at Expo 2020
An event at the Expo 2020 Dubai showcased Europe's work for the transition to the circular economy and how it...The event showed Europe's willingness to foster international cooperation especially in a time of post-pandemic awareness and recovery
The function opened with a welcome speech by Executive Vice President Frans Timmermans and will close with a message from Environment Commissioner
Masdar joins consortium to build solar power facilities in Indonesia
Masdar will be joining a consortium that will develop solar photovoltaic facilities with a capacity of about 1.2 gigawatts and...The renewable energy company signs MoU with Singapore’s Tuas Power, France’s EDF Renewables and PT Indonesia Power.
Singapore is looking to import as much as 4 gigawatts of low-carbon electricity by 2035, which would constitute 35 percent of its total supply.
SCCI teams up with Emirates Creative to support innovation
The Sharjah Chamber of Commerce and Industry (SCCI) has signed a strategic cooperation agreement with the Emirates Creative Association to...Both have agreed to develop methods for systematic research, sponsoring and organizing conferences
They also agreed to launch an action plan to implement joint projects in creativity and innovation
Al Rajhi issues $1.17 bn Sukuk
The settlement issuance was set on 23 January 2021.The number of Sukuk stands at 6,500, based on the minimum denomination and total issue size.
The return on the Sukuk offering is estimated at an annual fixed rate of 3.5 percent.
Expo 2020 hits a new milestone with 10m visits so far
Expo 2020 Dubai visitor numbers continue to rise, reaching 10,188,769 visits as of 18th January, while Expo 2020 Dubai’s virtual...The visitors were attracted by the first Global Goals Week to be held outside of New York and a star-studded K-pop concert
All Expo visitors ages 18 and above must show either proof of vaccination or a negative PCR test result taken within the previous 72 hours
Bahrain private sector keen to strengthen trade ties with Saudi: BCCI chairman
BCCI chief reviewed ways to further increase the volume of bilateral tradeChairman Sameer bin Abdulla Nass appreciated the 'depth and solidity' of the Bahraini-Saudi economic and investment relations.
Nass praised the role played by Saudi Arabia to enhance the progress and prosperity of the people of GCC.
Emaar EC inks $16m contract
Emaar EC signed the $16-million contract with SAFE.As part of the contract, SAFE will provide security services at the King Abdullah Economic City
It has a duration of five years from the date of signing, which happened on Monday, January 17
US airlines once again warn against 5G deployment near airports
The heads of the largest US airlines warned of a "catastrophic disruption" to travel and shipping if telecom firms rolled...Verizon and AT&T have already twice delayed the launch of their new C-Band 5G service
They were heeding warnings from airlines and aircraft manufacturers that the new system might interfere with certain devices
