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ADQ, Orion to establish JV

The partners commit to deploying $1.2bn in the next four years.

Alpha Dhabi acquires interest in NCTH

The deal increases NCTH's portfolio to 8 hotels with 1,500 keys.

Meraas awards construction contract

The $272m contract has been awarded for Bluewaters Bay.

SIB’s 2024 profit $272m

The profit surpassed AED 1 billion for the first time in bank's history.

AD Ports to invest in Kazakh port

Under the deal, AD Ports Group owns 51% stake.
  • Qatar Tourism eases process to issue holiday home licenses

    Qatar Tourism has invited residential property owners to invest in hospitality while generating extra income from their unused units by...

    Qatar Tourism has introduced a helpline and a simplified process to get licenses issued within a week

    Property owners renting to vacationers without licenses would be jailed for two years or/and fined QAR200,000

  • Panel to enhance performance of Federation of GCC Chambers

    The meeting was held via video conference technology, with spread of the Omicron variant of Covid-19 having stopped almost all...

    Qatar Chamber Chairman Sheikh Khalifa bin Jassim Al-Thani presided over the meeting

    It reportedly discussed the estimated budget of the federation for the current year

  • Gulf watch: Sectors that will grow most in 2022

    The business environment in the region will experience a transformation that will have a far-reaching impact on economic trends and...

    The GCC’s non-oil sectors will continue to dominate the economy, creating future opportunities

    The region’s economy may benefit greatly from ecommerce, logistics, and delivery services

  • Metaverse fuels virtual creation of real-life products

    The coronavirus pandemic has helped shrink the distance between virtual and real by pushing many designers to create in three...

    The clamor over virtual goods comes amid feverish predictions that the metaverse will eventually replace the web of today

    A growing number of brands have been trying to establish a presence on buzzed-about platforms, anticipating a major tech and societal shift

  • Free Trade Agreement with UAE nearing conclusion, says Indian minister

    India’s Minister of Commerce and Industry, Piyush Goyal, on Wednesday told the heads of top business and industry associations in...

    Piyush Goyal urged industry leaders to be proactive in giving inputs to the government on matters like FTA negotiations

    He expressed confidence of growth in services exports, in spite of travel and tourism restrictions caused by the pandemic

  • UAE, European Union discuss ways to boost cooperation

    The meeting was hosted at the UAE Ministry of Finance’s headquarters in Abu Dhabi.

    The Minister of State for Financial Affairs Mohamed Hadi Al Hussaini met on Tuesday with Johannes Hahn, European Commissioner for Budget and Administration

    This discussion is a part of the UAE’s Finance Ministry efforts to strengthen its relations with various countries and regional and international financial institutions.

  • Al Dhafra Festival kicks off in Abu Dhabi

    The festival is organized by the Cultural Program and Heritage Festivals Committee, and will run till January 22.

    The festival features 313 camel runs and this new edition of the event includes the launch of the Bairaq Al Emarat Award for Asayel and Majahim camel breeds

    Coinciding with the UAE’ Golden Jubilee Celebrations, the Festival's activities now run from 28th October, 2021, to 22nd January, 2022

  • Morocco’s GDP expected to grow by 3.2 percent in 2022: World Bank

    The World Bank’s Global Economic Prospect reported on Tuesday that Morocco’s GDP is expected to grow by 3.2 percent in...

    Output in 2023 is projected to remain about 5 percent smaller than expected before the pandemic, the World Bank notes.

    The agricultural output returns to historical averages after the extraordinary performance of the primary sector in 2021, a WB report said.

  • UAE, European Union discuss ways to boost bilateral cooperation

    The UAE and the European Union discussed ways of boosting bilateral cooperation between them to achieve mutual benefit across various...

    The Minister of State for Financial Affairs Mohamed Hadi Al Hussaini met on Tuesday with Johannes Hahn, European Commissioner for Budget and Administration.

    This discussion is a part of the UAE’s Finance Ministry efforts to strengthen its relations with various countries and regional and international financial institutions.

  • Dana Gas, Crescent Petroleum report record sales gas production

    Dana Gas and its partner Crescent Petroleum have reported record sales gas production from their operations in the Kurdistan Region...

    Dana Gas and Crescent Petroleum jointly operate the Khor Mor and Chemchemal gas fields on behalf of the Pearl Petroleum consortium.

    The production milestone is the culmination of numerous process improvements at the Khor Mor gas plant, including a bypass project.