Dubai set to navigate new realty landscape this year
In 2024, the real estate sector is expected to continue to evolve, offering challenges and opportunities for investors and residents...Business
Ummahat Island unveils world’s first net-zero 5G network towers
Tabuk, Saudi Arabia -- Red Sea Global (RSG), Zain KSA, and the French Serge Ferrari Group have developed and installed...Business
UAE and Russia foreign trade reaches $4 billion in 2021
The total foreign trade between Russia and the UAE is set to reach around $4 billion by the end of...In 2020, the trade between the two countries amounted to $3.3 billion, said Sergey Cherimin, Minister of the Government of Moscow.
Russian companies have opened offices in the UAE, and today there are more than 4,000 of them, the minister said.
SEDCO of Saudi Arabia to hike REIT fund by $187m
SEDCO Capital of Saudi Arabia has launched an additional offering of its real estate investment trust fund to increase asset...The offering period will run for five days until Dec. 16, the company said in a statement
SEDCO Capital wants to increase the total asset value of the fund, as well as raise additional equity up to SR575 million
Reasons behind shortening UAE’s workweek
This week's TRENDS Explainer video tries to find the rationale behind curtailing the number of days in the UAE's workweek...The Gulf country is transitioning to a 4.5-day workweek. Now, weekends will consist of Friday afternoon, Saturday and Sunday
The move makes the UAE the first nation to formalize a workweek shorter than five days. It also brings the country more in line with Western schedules
Emirates Health Services to upgrade executive regulations
The Emirates Health Services (EHS) is looking to upgrade executive and financial regulations and ways to develop the capabilities of...The EHS board of directors discussed various ideas at a meeting at its headquarters in Dubai
The board members reviewed the agendas of the meeting as well as the latest developments and reports submitted by EHS departments to evaluate their performance
UAE launch trials of autonomous taxis
The UAE last month approved a temporary license to test self driving taxis on the roads with safety officer sitting...Bayanat started the trial of two electric and two hybrid taxis under the name TXAI
Dubai will launch 4,000 self driving taxis by 2030
Empower lists on DFM
Empower is the world’s largest district cooling services provider.Empower was established in 2003 to enable the real-estate sector to efficiently utilize energy through district cooling services
The company is said to currently have a 79 percent market share in Dubai’s district cooling sector
Consumer ‘experience’ reshapes retail in the Gulf
Companies are increasingly focusing on health and wellness in products and services, says Mohammad A Baker, Deputy Chairman and CEO...People, communities, and governments are working to attain personal sustainability goals driving the retail sector
GCC governments have established several measures targeted at raising awareness of healthy lifestyles
Jordan exporters eye ‘promising’ Canada market
Jordan Exporters Association Khudari said the FTA between the two countries, which came into effect in 2012, provides "various and...Khudari stressed on the JEA's keenness to develop the businesswomen's capabilities and engage them in international trade
Khudari lauded the TFOC's role in implementing programs in cooperation with the JEA to help Jordanian companies and businesswomen
Iraq to increase oil production, says minister
The oil production in Majnoon Oil field will be increased to 450,000 barrels per day, said the Oil Minister of...He inaugurated the two buildings of Majnoon Oil Field Production and Development Authority
Majnoon field contributes to provide good quantities of gas fuel for the uses of operating electricity power plants
A big haul of captagon shipments seized in Lebanon, Syria
Security forces in Lebanon and Syria said Saturday that they had seized two separate shipments of the banned stimulant captagon,...The pills were confiscated following raids this week on a storage facility in Bir Hassan, a neighborhood near Beirut's southern suburbs
It said it arrested two men behind the operation, including one who was trying to flee the country through Beirut's airport
