Counterfeit products cost Europe $13 billion, 200,000 jobs a year
Paris, France - Counterfeit products -- mainly clothes -- cost the European economy 16 billion euros a year and result in...Business Economy
CBI 2023 net profit at $46.5m
The 2023 annual net profit rose 14 percent from 2022.Company News Business Banking & Finance
Omicron cloud intensifies over Consumer Electronics Show
Google, Lenovo, and Intel are the latest global tech companies to bow out of the January 2022 Consumer Electronics Show...The popular four-day conference, which had planned for a grand return, is still scheduled to start January 5
But this week Facebook parent company Meta, Amazon, T-Mobile, and Twitter canceled their appearances
ADQ taps Etihad for services
The terms of the transaction were not disclosed.As part of the transaction, several of Etihad airline-support businesses will become part of a new ADQ aviation firm
The move is expected to support the ongoing transformation of Etihad and the growth of civil aviation in Abu Dhabi
Abu Dhabi Airport traffic likely to surge 400% over holiday season
From the period running December 22 to January 2, Abu Dhabi Airports estimates an average of 32,000 passengers and 102...From the period running December 22 to January 2, Abu Dhabi Airports estimates an average of 32,000 passengers and 102 flights per day
Passenger traffic (59,000 per day) and flight numbers (149 per day) still remain down from the same period in 2019
Iran accepts tea in payment for Sri Lankan $251 million oil debt
Iran has agreed to accept Ceylon tea in payment for a Sri Lankan oil debt valued at $251 million, Iranian...In 2016, Ceylon tea made up nearly half of Iranian consumption, but the proportion has declined in recent years.
The barter deal will allow sanctions-hit Iran to avoid having to use up scarce hard currency to pay for imports of the widely consumed staple.
UAE Innovates 2022 to launch on 1 Feb, will run alongside Expo
The UAE Innovates 2022, which is aimed at cultivating a culture of innovation within the public sector and engaging the...Innovation Month 2022 will also include the launch of the second edition of the UAE Innovates Awards.
Activities during the month will include new programs, specialized workshops, and interactive sessions.
Jordan and Saudi Arabia discuss ways to develop agriculture sector
Jordan and Saudi Arabia have discussed the ways to increase the exchange of crops and foodstuffs between the two countries....Jordan's Minister of Agriculture Khaled Hneifat met a delegation of the Saudi Ministry of Agriculture, Environment and Water.
The two sides held also discussed the most important export obstacles and some procedures on the two countries' borders.
AFZ registers 349 new companies in Q3 2021
The results of the operational performance analysis also reflect the Free Zone’s distinct position in the emirate's export and re-export...In its report, AFZ said that education was the fastest-growing sector in the Free Zone with 34 percent growth, followed by advanced technology and health
The Free Zone also recorded a 12 percent growth in the number of new companies registered in the food and beverage sector
Mubadala, G42 plan campus
The biopharma campus is expected to be set up in Abu Dhabi.The biopharma campus is expected to tap into global vaccine and therapeutic products to strengthen regional supply chains
It is also expected to drive the UAE’s diversification and economic-growth agenda
Qatar and Iraq discuss cooperation in transportation sector
Minister of Transport Jassim bin Saif Al Sulaiti, and Minister of Transport of the Republic of Iraq Nasser Hussein Bandar...The total number of passengers who used the Doha Metro during the FIFA Arab Cup 2021 exceeded 2.5mn with an average of 130,000 passengers daily.
According to Qatar Rail, the Doha Metro operated 50,000 trips during the tournament, covering 885,000km, and the average time between trains was 2.5 minutes
Saudi Ports Authority announces new direct shipping service to Djibouti
The Saudi Ports Authority (MAWANI) has announced a new direct shipping service connecting Saudi Arabia to Djibouti, through the container...The service will connect Jeddah Islamic Port to Djibouti through the container transport company, Transmar.
Jeddah Islamic Port is one of the three Saudi ports included in the 2021 edition of Lloyd's List of Top 100 Ports.
