Yanbu industrial port receives first RORO vessel, carrying nearly 2,000 cars
Yanbu, Saudi Arabia - The King Fahad Industrial Port in Yanbu welcomed the arrival of the "Hoegh Sydney," marking the...Business
Weyay recognized as ‘Fastest Growing Digital Bank’ in Kuwait by Mastercard
Kuwait City - Weyay was recognized as 'Fastest Growing Digital Bank' in Kuwait by Mastercard on the sidelines of the...Business
SIDF inks deal with Engie
The agreement is expected to yield low-carbon energy services.The move will let SIDF employees join Engie’s knowledge-exchange 2022 training program, which will be held in Saudi Arabia
It will also give SIDF employees the opportunity to work with experts at Engie for six months at the company's headquarters in Paris
Libya sends first passenger ferry to Turkey in decades
Travel links with and within Libya were severely disrupted by the 2011 revolt that overthrew dictator Moamer Gadhafi.The ferry left the Libyan port of Misrata and was headed to Turkey's coastal city of Izmir
Libya has not been serviced by any international ferries for 25 years
Armani adopts fur-free policy
The company said it would no longer use angora wool.The company said it would no longer use the material across all of its lines from next year's fall-winter collection
A growing number of fashion companies are adopting policies against using materials that require cruelty towards animals
OPEC and allies may freeze oil output
The OPEC+ alliance led by Saudi Arabia and Russia has so far resisted US-led pressure to significantly boost output to...The emergence of the new Omicron variant of Covid-19 has put a shadow on whether OPEC+ will increase or decrease production
The variant has led countries to reinstate travel bans and mull further restrictions that could tighten demand and hurt oil prices
UAE’s first drone delivery service provider breaks two Guinness records
UAE's first licensed drone delivery service provider, BARQ EV, has broken two Guinness World Records-- the longest (13.58km) flight of...BARQ EV broke the record for the longest (13.58km) flight of a drone for the delivery service.
It also broke the longest (18.065km) non-stop return flight for a drone record.
ADNOC to invest $127bn in 2022-2026
The company announces a significant rise in oil and gas reserves.ADNOC plans to bring $43 billion back into UAE economy through ICV program.
ADNOC's ICV program has driven AED105 billion back into the UAE economy and created over 3,000 jobs for UAE nationals.
Man Utd’s Glazer buys T20 franchise in new UAE league
Manchester United co-chairman Avram Glazer has acquired a franchise for a new T20 professional cricket league in the United Arab...The news comes after the Glazer family were outbid in their attempt to buy one of the two new franchises in the Indian Premier League
"I am very excited to be a part of UAE T20 at its formation," Avram Glazer said
‘Physical currency won’t disappear anytime soon’
Ralf Wintergerst, Group CEO of 170-year-old German firm Giesecke+Devrient (G+D), said physical currency is a resilient form of payment and...Ralf Wintergerst said digital currency is a central bank-issued digital form of physical money and that it was different from cryptocurrency.
In Germany and the Middle East there are a lot of opportunities for moving things like government services to people directly with digital solutions.
dnata named Ground Support Services Provider of the Year for eleventh time
For the 11th time, dnata has been named Ground Support Services Provider of the Year at the 2021 Aviation Business...The company offers ground handling and cargo services at over 90 airports in 15 countries.
As part of infrastructure growth, dnata broke ground on the second phase of the dnata City East project at London Heathrow.
GACA, Cisco sign MoU
The MoU will enhance the scope of digital transformation.The memorandum will enhance the scope of cooperation in technology and digital transformation in the civil aviation sector
The GACA is keen to collaborate with international companies specializing in advanced technological fields to keep pace with the latest developments
