Norway’s sovereign wealth fund posts record US$213bn profit
Oslo, Norway - Norway's sovereign wealth fund, the world's biggest, said Tuesday it raked in a record profit of 2.2 trillion...Business Economy Global
Ras Al Khaimah witnesses rise in issue of valid business licenses in 2023
RAS AL KHAIMAH, UAE - The economic growth of the Emirate continued to accelerate in 2023, with the Department of...Business Geostrategy
Saudi Arabia Pavilion at Dubai Expo2020 records 2 million visitors
Fireworks and laser lights were launched to announce the new record as pavilion’s employees and public gathered in the ‘opportunities’...This is a new record as nearly 30 percent of the total number of visitors to Expo visited the Saudi Pavilion since its official opening.
The Kingdom's pavilion at Expo 2020 Dubai succeeded in increasing its visitors through its various economic events and cultural activities.
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
