UAE and Costa Rica conclude talks on signing CEPA
Dubai, UAE-- The UAE and Costa Rica have concluded negotiations to sign a comprehensive economic partnership agreement.In this connection, Dr....Business
Qatar records $222m in realty deals: Registration department
Doha, Qatar -- The volume of real estate trading in sales contracts at the Department of Real Estate Registration at...Business
Trade between Bangladesh and UAE reaches $1.2 billion in 2021
Trade between Bangladesh and the UAE has reached $1.2 billion in 2021, recording a growth of more than 15 percent,...The trade could reach $2billion by the 50th anniversary of the establishment of diplomatic relations in 2024, said Bangladesh ambassador to UAE Mohammed Abu Zafar.
Bangladesh eyes UAE market with the products like readymade garments, pharmaceuticals, jute products, fabrics and home textiles.
Saudi Arabia unveils largest Motor festival in Middle East
The management of Autoville has officially started selling tickets for the events of this International festival through its official website.The Autoville festival will cover an area of 1.7 million square meters as the audience will watch the stars of art and display cars from all over the world
The festival will also showcase the latest developments in mobility, and a number of concerts by a group of Arab and international artists
Bahrain to launch e-residency service in Q1 of 2022
The country also mulled the idea of extending the validity of visas to reduce routine procedures.Both sides also discussed cooperation at ports and the possibility to extend the validity of visas to reduce routine procedures
The NPRA and LMRA agreed to intensify inspection campaigns to tackle violations of the labor market and residency rules
KCB lent $1.31bn in 2021
The Kuwaiti bank’s lending amount was spread across 23,000 loans.KCB spokesperson Habari Al-Khashti said the effectiveness of the bank's electronic services saved time and effort for citizens
She also indicated that 99 percent of the bank’s credit services have become electronic
Gulf Navigation to issue $41m bonds
The company is calling a meeting of all stakeholders for this.The company said the date of issuance of the bonds is March 9
The conversion period of the bonds would be three months from the issuance date
Saudi Arabia GDP to gain in 2022: Kuwait Financial Center
Government spending on infrastructure projects as part of the Vision 2030 program is expected to boost non-oil GDP growth.Markaz’s report indicated that investments are expected to pick up as the government initiates major projects like Neom City
Steady population growth, government subsidies, and the enacted mortgage law are enabling banks to finance home purchases, fueling the growth in the residential sector
GCC at risk from cyber criminals in 2022
Companies are hemorrhaging millions of dollars to ongoing ransomware raids, with threat actors further weaponizing the attacks.Ransomware attacks on high-profile organizations grabbed headlines throughout 2021
Cybersecurity experts believe this criminal enterprise will reach new heights in 2022
EMC picks Mohammad Ghazi as GM
Momani will manage Mercedes-Benz's overall performance at EMC.Mohammad Ghazi Al Momani possess an experience of 20 years in motoring and a degree from the University of Technology in Baghdad, Iraq
Momani specializes in strategic planning, marketing, sales, after sales and operations, and good knowledge of the Middle East
DEWA’s pavilion at Dubai Expo lures visitors in droves
Some 338,833 people visited the pavilion of Dubai Electricity and Water Authority (DEWA) at Expo 2020 Dubai between 1 October...Several local and international officials from public and private organizations as well as a large number of school and university students visited DEWA’s pavilion
On the 2nd of December 2021, DEWA’s pavilion attracted over 23,400 visitors as it organized various activities to celebrate the UAE’s 50th National Day
Dubai records first working Friday sale worth $689m
The total value of real estate transactions recorded in the first week of the new year exceeded AED7.24 billion (around...Dubai real estate transactions exceeded around AED2.53 billion (around $688 billion) as it adopted a new working week
Jebel Ali First registered the most villa and apartment sales transactions on the first working Friday of 2022
