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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.
  • Dubai launches one-stop-shop online portal for timeshare operators

    Dubai’s Department of Economy and Tourism (DET) has launched an online portal that provides a ‘One-Stop-Shop’ for timeshare operators to...

    The Timeshare Portal supports the legal framework created by Dubai’s new Timeshare Law.

    It allows allows potential operators to register and submit their applications for timeshare properties and obtain a permit as a licensed timeshare operator.

  • Bahrain closes two eateries over violation of Covid-19 protocols

    Inspectors also visited a total of 193 restaurants and cafes and took required measures against 17 outlets.

    The Ministry of Health announced that it had taken the required measures prior to referring both food outlets to legal authorities

    This came during an inspection campaign conducted in cooperation with the Ministry of Interior and the Ministry of Industry

  • Omicron hits Christmas weekend travel: Over 6,000 flights scrapped

    More than 6,000 flights have been canceled worldwide over the long Christmas weekend and thousands more were delayed, a tracking...

    Pilots, flight attendants, and other employees have been calling in sick or having to quarantine after exposure to Covid-19

    A scramble to reroute pilots and planes and reassign employees was underway, but Omicron's surge has upended business

  • UAE, Morocco discuss cooperation in investment and economy

    The two sides talked about Expo 2020 Dubai and the importance of the Arab countries' participation therein.

    The discussion took place in a meeting between UAE Deputy Prime Minister Sheikh Mansour bin Zayed Al Nahyan and Morocco Prime Minister Aziz Akhannouch

    They are also said to have reviewed the latest developments in the Arab region and exchanged views over a number of regional and international issues of common interest

  • Ecommerce is fastest-growing channel in ME

    In the Middle East, Saudi Arabia, Egypt, and the UAE account for nearly 80 percent of the overall ecommerce market.

    A PwC report indicates that UAE consumers are making purchases on smartphones (53 percent), computers (39 percent) and tablets (31 percent)

    As a result, the UAE’s retail ecommerce market reached $3.9 billion in 2020, indicating a 53 percent year-on-year increase

  • Grankraft to invest in Hamriyah

    Grankraft has leased 323,000 sq ft of land in the free zone.

    The MoU was signed by Hamriyah Free Zone Authority Director Saud Salim Al Mazrouei and Grankraft Director J George

    George said his company was always looking for new ways to develop its services and build landmarks

  • Gulf stocks rebound after selloff

    The Abu Dhabi index recorded a weekly loss of 4.8 percent, its deepest plunge since March 2020.

    The Abu Dhabi index recorded a weekly loss of 4.8 percent, its deepest plunge since March 2020

    Saudi index gained 0.6 percent on Thursday backed by a 0.9 percent rise in Al-Rajhi Bank

  • Canada climate crisis impacts agricultural production and supply chains

    Flood devastation, heavy rainfall, and Drought in Canada cause severe damage to the food supply chain and agricultural production.

    Japan's McDonald has been forced to ration fries as the British Columbia floods jam potato imports

    Canada's westward supply links are very, very vulnerable and not resilient enough to climate change

  • McDonald’s Japan rations fries

    It will sell only small-sized French fries for a week.

    McDonald’s said it is limiting fries’ sale in Japan to ensure that customers can still order them

    This, even though the ‘stable procurement of resource materials’ is proving difficult

  • An old Greek Cargo Ship attracts tourists in Saudi Arabia

    The ship was loaded with foodstuffs and sailed in 1978 from a Greek port towards the Aqaba port in Jordan,...

    Georgios-G was built in the UK with a length of 71.6 meters, a width of 11 meters, and a height of 4.9 meters

    Currently, the ship is resting in the same place with more than two-thirds of its structure submerged in water