Gaza solidarity boycott hits global food chains
As customers in the Middle East shun international restaurants, local businesses report they have benefited from the boycott.Business Geostrategy Global
‘Bond market acts as a mirror to economic realities’
"(US Federal Reserve Chair Jerome) Powell's focus on verifying inflation's trajectory is in line with the central bank's dual mandate...Business Markets
SEWA implements development projects worth over $14.78m
The Central Region Department of the Sharjah Electricity, Water and Gas Authority (SEWA) implemented a number of development projects during...80 projects have been implemented for network modifications and approximately 50 transformers are installed in the central region.
Cables have been extended to implement these projects with up to 197,624 km of length, and the total cost of the projects is $14.78 million.
MoHAP of UAE and Bayer to launch a new initiative “STEPS”
The Ministry of Health and Prevention (MoHAP) has signed a Memorandum of Understanding (MoU) with Bayer Middle East to launch...The new initiative aims to support the local health authorities by developing the capabilities of the various components of the medical system
The launch of the STEPS program aims to enhance the capabilities of all parties to the health economics system in the UAE
India aims at boosting honey exports to UAE, Saudi Arabia
India started its honey exports only in the fiscal year 1996-97, and is the world’s eighth-largest honey producer and ranks...India started its honey exports only in the fiscal year 1996-97, and is the world’s eighth-largest honey producer and ranks ninth among the honey exporting countries globally.
The markets of Indian honey where APEDA is planning to boost its export includes the UAE, Saudi Arabia, Bangladesh and Canada.
EDB and AD Ports team up to support industrial sector in UAE
Emirates Development Bank (EDB) has signed an MoU with Industrial Cities and Free Zone Cluster of AD Ports Group to...The financial solutions can be utilized to build new facilities, purchasing, or leasing existing facilities as well as acquiring, upgrading, and maintaining the units’ assets
The MoU aligns with EDB’s continuous efforts to enable the industrial transformation and economic diversification agenda in the UAE
FAHR issues circular for flexible remote working on Fridays
The Federal Authority for Government Human Resources (FAHR) yesterday issued a circular to all ministries and federal entities regarding flexible...The step is being taken to ensure continuity of service provision and the federal government’s proper functioning during the implementation of the remote working system
The circular is based on the new system of weekly work in the federal government sector, which started at the beginning of this year
Lebanon town warns of looming heating tragedy
Arsal town is home to 70,000 Syrian refugees. The cost of fuel families need to power their stoves has risen...Dozens of displaced people in Syria and refugees in Lebanon have died from the cold and accidents caused by unsafe heating devices, including in Arsal.
Bankrupt Lebanon can no longer provide electricity nor subsidised fuel for its own citizens, let alone for the estimated 1.5 million Syrian refugees.
Dana Gas’s 2021 collections spike 107% to $377 million
Dana Gas has announced that its collections from the KRI and Egypt rose 107% year-on-year in 2021 to $377 million...In Egypt, Dana Gas collected $193 million during 2021, compared to $80 million in 2020, a 141% year-on-year jump
The payments from the government of Egypt have reduced the Company’s receivables from the North African state to under $20 million
Dubai records $81 billion worth of real estate transactions in 2021
Dubai's real estate market recorded 84,772 transactions representing a value of AED300 billion ($81 billion) in 2021, according to the...There was a 65 percent growth in the number of transactions and a 71 percent increase in value compared to 2020.
A total of 52,415 investors concluded 72,207 new investments in 2021 worth AED148 billion, a growth of 73.7 percent.
France hits Google, Facebook with huge fines over ‘cookies’
Cookies are little packets of data that are set up on a user's computer when they visit a website, allowing...Cookies are little packets of data that are set up on a user's computer when they visit a website, allowing web browsers to save information about their session
They are highly valuable for Google and Facebook as ways to personalise advertising -- their primary source of revenue.
Iraq acquires ExxonMobil share
The share was bought by Iraqi national oil company.The share was bought by Iraqi national oil company in the West Qurna field
The field is one of the giant fields, the Iraqi oil ministry statement said
