GPSSA issues circular on pensions, gratuity in UAE
ABU DHABI, UAE – The Emirates General Pension and Social Security Authority (GPSSA) has issued a circular to government and...Business Economy Geostrategy
MENA Transport Congress Exhibition kicks off in Dubai
The fourth edition of the MENA Transport Congress & Exhibition began on Monday in Dubai.The three-day event is organized by Dubai’s Roads and Transport Authority, and includes 13 sessions, five of which are main sessions
The sessions will discuss the smart transport service, eco-friendly electric buses, artificial intelligence and big data, first and last-mile trips
CBD signs a debt financing deal with Postpay
Commercial Bank of Dubai (CBD) has approved a debt financing deal with Postpay, a leading omni-channel Buy Now, Pay Later...The strategic partnership with CBD will provide support to Postpay on several fronts including Transaction Banking
The continued support from CBD will also enable Postpay’s planned expansion in the UAE, KSA, and other GCC countries
WIPO and Qatar sign pact to promote Intellectual Property education
The World Intellectual Property Organization (WIPO) in collaboration with Hamad Bin Khalifa University (HBKU) will now promote education in intellectual...The World Intellectual Property Organization and Hamad Bin Khalifa University will collaborate for IP law teaching.
The WIPO will provide expertise under the terms of the agreement.
Dubai imposes tariff on single-use plastic bags to limit their use
Dubai has approved a policy to limit single-use plastic bags by imposing a tariff of 25 fils on such bags...The policy will be evaluated over several stages until the single-use bags are completely banned within two years.
The emirate will charge a tariff of 25 fils per bag from 1 July 2022.
MoU signed to enrich Investopia summit’s discussions and workshops
Investopia investment summit has announced the signing of a Memorandum of Understanding (MoU) with Deloitte Middle East for collaboration to...The MoU was signed between Deloitte Middle East and Investopia investment summit taking place on March 28.
The two parties will jointly study significant economic areas such as investments in AI, social and environmental sustainability and governance.
German firm to build $3bn hydrogen plant in Egypt
The Egyptian government has partnered with the German energy storage firm H2 Industries to set up a green hydrogen plant...The German firm will invest $3 billion to establish the plant east of Port Said
The plant will have a production capacity of 300 million tons of green hydrogen per year
Turkey lifts ban on importing scrap metals from Lebanon after ministerial meet
Turkey has lifted the ban on importing scrap metals from Lebanon, which could secure about $100 million annually for Lebanon,...The embargo was imposed in 2018. Lebanon exported to Turkey more than 40 percent of the total exported scrap metal.
The ban was lifted after Lebanon Minister of Economy and Trade Amin Salam's meeting with Turkish ministers in Ankara.
DEWA and Tajik diplomats discuss tie-up in energy sector
Saeed Mohammed Al Tayer, MD and CEO of Dubai Electricity and Water Authority (DEWA), met with Ilhom Abdurahmon, Consul-General of...The meeting at DEWA Head Office discussed ways to develop cooperation in energy and water sectors and topics of mutual interes
Abdurahmon expressed his appreciation for DEWA’s efforts to enhance partnership and friendly relations
Nakilat net profit $370m
This is the company's highest profit since its inception.Earnings per share (EPS) amounted to QR 0.24 as of 31 Dec 2021 versus Earnings per share (EPS) of QR 0.21 for the same period in 2020.
For this period, the company's Board recommends a cash dividend at QAR 0.12 per share.
Toshiba to split into 2 firms
This is a revision of an earlier proposal to divide into three companies.Toshiba aimed to complete the split in the second half of the 2022-23 financial year
Toshiba has revealed its deal worth some $867 million to sell air-conditioning subsidiary Toshiba Carrier to the US-based Carrier Corporation
