Turkish Airlines grounds Boeing 737 MAX 9 jets amid inspection orders
Turkish Airlines said that it would stop flying five Boeing 737 MAX 9 jets in its fleet even as the...Business Geostrategy Global Aviation
Aramex partners with Bollywood film Dunki starring Shah Rukh Khan
DUBAI, UAE - Aramex, a global provider of comprehensive logistics and transportation solutions, announced a collaboration with the movie, Dunki...Arts & Culture Business
RAKEZ to partner with CBD for easy access to bank’s services
Ras Al Khaimah Economic Zone (RAKEZ) has entered into a strategic alliance with the Commercial Bank of Dubai (CBD) to...An MoU was signed by RAKEZ Group CEO Ramy Jallad and CBD CEO Dr. Bernd van Linder.
The agreement makes it convenient for RAKEZ clients to business bank accounts.
ADNOC announces big onshore oil and gas find in Abu Dhabi
ADNOC announced on Wednesday "significant conventional oil, condensate and gas discoveries" of up to 1 billion barrels of oil equivalent...Conventional oil, condensate and gas discoveries of up to 1 bn barrels reported from an exploration well in Abu Dhabi’s Onshore Block 4 Concession.
The oil giant said the next step is to appraise and further quantify these resources as well as to explore the potential in and around Onshore Block 4.
UAE taps Harvard lab to help build its economy
The new partnership between Harvard university’s Growth lab and the UAE’s Ministry of Economy is in line with the government’s...The UAE signed agreement with Harvard’s Growth Lab, specialized in theoretical and empirical research on determinants of growth
The two-year program under the agreement will see academic experts conduct evidence-based economic analyses and research
Binance may move to Dubai as part of crypto deal
TRENDS broke this news in October. The agreement will regulate the offering, issuance, listing and trading of encrypted assets of...TRENDS broke this news in October. The agreement will regulate the offering, issuance, listing and trading of encrypted assets of the firm that is based in Seychelles.
Dubai is competing with Singapore, Switzerland, and other countries to become a worldwide hub for digital currency by developing a crypto-currency free-trade zone
Automechnika Dubai exhibits technological changes in auto sector
The 18th edition of the show, organised by Messe Frankfurt Middle East, has exhibitors from 47 countries and 12 national...The 18th edition of the show, organised by Messe Frankfurt Middle East, has exhibitors from 47 countries and 12 national pavilions
Industry analysts forecast the GCC’s automotive parts retail revenue will grow at a compound annual growth rate of 5.8 percent to US$6.84 billion in 2025
GCC Summit issues Riyadh Declaration
The region’s common economic, defense and security integration and unity and coordinating stances were reviewed at the 42nd GCC Summit.They Gulf leaders seek to enhance solidarity and stability among GCC member states
The Supreme Council will hold its 43rd session under Oman’s presidency
Abu Dhabi Islamic Bank provides $270m in UK real estate finance
Over the last three years, ADIB has catered to the growing demand for commercial property investments in London as well...The bank closed two deals in the UK in the month of November alone, taking its UK portfolio to around AED2.5 billion.
ADIB also provided AED36 million to the Al Rajhi Legacy Fund on their acquisition of Olympus House in England.
Oman’s economic city Khazaen signs two pacts to carry out vital projects
Khazaen, Oman's fully integrated economic city, has signed two agreements worth more than Omani Riyal 1.5 million ($3.8 million) with...One of the agreements signed with an Omani company named Western Door Trading to set up a multipurpose logistics center.
The second agreement provides for the setting up of a processing unit and a warehouse with a capacity 20 tons a day.
12 Ajman banks sign pact with Department of Finance for easy payment plan
The Ajman’s Department of Finance has signed agreements with 12 local banks to offer an "easy payment plan", which allows...The plan allows payments for government service fees through installments through Ajman Pay platform.
Conditions and steps to apply for easy payment plan are defined by the participating banks.
Cooperation, security remain focus of GCC summit
The GCC leaders discuss political issues and security challenges that require intensified efforts to enhance regional solidarity.The GCC leaders discuss political issues and security challenges that require intensified efforts to enhance regional solidarity
The 42nd session of the Supreme Council of the GCC countries, chaired by Saudi Arabia, seeks to strengthen the process of cooperation
