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
SCCI and Oman Chamber aim to boost investment cooperation
Sharjah, UAE--The Sharjah Chamber of Commerce and Industry (SCCI) and the Oman Chamber of Commerce and Industry (OCCI) discussed ways...Business
Association of Iraqi Banks, Federation of Egyptian Banks sign MoU
The MoU was signed by the president of the association, Wadih Al-Handal in the presence of the Governor of the...The MoU was signed by the president of the association, Wadih Al-Handal in the presence of the Governor of the Central Bank Mostafa Ghaleb
Al-Handal pointed out that the memorandum of understanding will also focus on establishing joint training programs
Non-Jordan investors buy less, sell more at Amman bourse
The net of non-Jordanian investments during January 2022 showed a negative value of JD5 million ($7.05 million).The value of shares that were bought by non-Jordanian investors during January 2022 was JD11.2 million ($15.8 million)
The value of shares sold by these non-Jordanian investors for the same period amounted to JD16.2 million ($22.85 million)
$100m platform set to give MENA esports a boost
Zain-PlayHera joint venture aims to enhance the capabilities of esports professionals and nurture local talent in the regional marketsThe partnership, which delivers the first esports platform in the region, aims to enhance the capabilities of esports professionals
It will also nurture local talent in the region’s markets by creating an enabling environment for esports content creators and designers
Middle East Energy Event to address future of energy transition
The Middle East Energy Event (formerly Middle East Electricity) will be held at Dubai World Trade Center from 7th-9th March....The event, formerly known as Middle East Electricity, will be held at Dubai World Trade Center from 7th-9th March.
A study by Goldman Sachs revealed green hydrogen could meet 25 percent of global energy requirements in the next 30 years.
Abu Dhabi Judicial Department sells 787 cars for $5 million at auctions
The Abu Dhabi Judicial Department (ADJD) has organized five-car auctions at the Al Mafraq vehicle impound area over the past...The vehicles were sold at competitive prices ranging from $544 to $69424.
The five-car auctions generated a high influx of bidders, whose number exceeded 1,200.
Aldar Education gets $272m
Company's growth plan focused on three locations in Abu Dhabi.Aldar Education currently owns nine schools under Aldar Academies and Cranleigh Abu Dhabi and manages a further 11 schools.
The company aims to increase the existing student capacity in Aldar Education’s owned and managed schools to over 40,000 seats by Academic Year 2024-25.
GACA and Oracle sign MoU to steer digital transformative initiative
Saudi Arabia’s General Authority of Civil Aviation (GACA) has signed an MoU with Oracle to develop and support a roadmap...The memorandum was signed on the sidelines of the Global Tech Conference "LEAP" held in Riyadh.
It also stipulates mutual coordination regarding cloud seminars, training and guidance, facilitating training.
The NFT artist who sold a trashcan image for $252,000
The image, by American artist Robness, called "64 gallon toter", depicts a large plastic trashcan with glitching effects, giving it...NFTs are unique pieces of computer code stored on a longer chain of code known as a blockchain, with a link to an artwork or other item.
There is a lot of money to be made in the NFT art world -- auctions and purchases from celebrities contributed to sales worth more than $40 billion last year.
Green Hydrogen Production among 98 new activities added to Dubai economy
A total of 98 new economic activities have been added to several sectors of Dubai in 2021, bringing the total...The total number of economic activities in the Emirate has reached 2,200. In 2020, the DET had added 58 activities.
Artificial Intelligence Developing Services, Gaming Localization Services and Industrial Consultancies are among other activities added this year.
ADNOC announces vital gas discovery offshore of Abu Dhabi
The Abu Dhabi National Oil Company (ADNOC) has announced the discovery of natural gas resources offshore of the Emirate of...This discovery marks the first of Abu Dhabi’s offshore exploration concessions
Offshore Block 2 covers an area of 4,033 square kilometers northwest of Abu Dhabi
