Dubai SME joins hands with CXDA to attract investment
DUBAI, UAE – The Mohammed bin Rashid Establishment for Small and Medium Enterprises Development (Dubai SME), a part of Dubai...Business Economy
Qatar PMI data reveals ‘stable business conditions’ in non-energy sector
Doha, Qatar--Qatar's non-energy private sector registered broadly stable business conditions in December, the latest Purchasing Managers Index (PMI) survey data...Business
Iraq highlights prominent investment opportunities
Iraqi's granting facilities to investors including regulations in completing transactions and eliminating corruption and providing safe environment renewed many hope...Recent moves of Iraqi government aim at provide large projects to create job opportunities and services in the country
A number of measures must be taken as investment in Iraq does not meet the required level, says specialists
Expo 2020 hits halfway mark, records nearly 9 million visitors
Expo 2020, the world's biggest event since the pandemic, has passed the halfway mark, recording nearly nine million visitors so...From October to December 2021, Expo hosted a total of 8,902 government leaders, including ministers, presidents, prime ministers and heads of state.
almost one-third (30 percent) of all visitors came from outside the UAE, with the top international visitor countries including India, Germany, France and the UK.
Alpha Dhabi acquires stake in Al Qudra
Deal part of ADH's $2.17 billion investment plan.Al Qudra Holding is an Abu Dhabi-based private joint-stock company, which has focused on sustainable development in the region.
Last month, Al Qudra Holding completed the acquisition of Tamouh Investments from International Holding Company.
Dubai’s Emaar group to develop shopping mall in Kashmir
The governments of Dubai and Jammu & Kashmir have signed a memorandum of understanding (MoU) to facilitate investment in the...The governments of Dubai and Jammu & Kashmir have signed a memorandum of understanding (MoU) to facilitate investment in the proposed project
Emaar Properties entered the Indian real estate market in 2005 by partnering with India's MGF group and investing Rs 8,500 crore into joint venture Emaar MGF Land
Dubai approves 600 housing loans worth $163m
The loans are to be provided by the Mohammed bin Rashid Housing Establishment as part of housing projects announced last...The decision reflects the vision of the emirate’s ruler Sheikh Mohammed bin Rashid to provide the best living conditions for Emirati families
It is said to be in line with the Dubai 2040 Urban Master Plan that lays out a roadmap for sustainable urban development in the emirate
US telecom firms agree to airlines’ call, delay 5G rollout
The move came a day after AT&T and Verizon rebuffed a request to delay the already delayed rollout, prompting airlines...AT&T and Verizon have agreed to postpone deployment of their 5G infrastructure after concerns were raised over aircraft interference
A last-minute draft agreement first will see AT&T and Verizon put off the deployment of their new 5G frequency bands by 15 days
Sonatrach plans $40bn investment
The Algerian firm will make the investments over five years.The $40 billion plan includes a refinery project at the largest oil field of Algeria, as well as an extension of the Skikda refinery to convert derivatives into fuel
Sonatrach has also planned to put into service the fourth turbocharger of the Medgaz pipeline, which transports gas to Spain and Portugal
‘Challenging year ahead for logistics industry’
Companies have used innovative methods to keep their operations running while overcoming numerous challenges linked to Covid-19 pandemic. However, the...The limited capacity and high freight rates will remain until global vaccine campaigns gather traction
Logistic companies who fail to recognize necessity of digital adoption will be left behind
Apple hits $3trn valuation
It has become the first US company to reach that valuation.The iPhone-maker scaled the record level near 1845 GMT on Monday, January 3
It reached $182.88 a share before slipping back slightly to end at $182.01
Ajman issues 41 percent more economic licenses in 2021
The economic licenses issued by the Department of Economic Development in Ajman (Ajman DED) during 2021 grew by 41 percent....The initiatives launched by the Ajman DED during the current year have resulted in a high growth rate of the Taziz Program to about 238 percent.
The department signed 54 agreements during the current year, and the percentage of partners' satisfaction reached 85 percent.
