Schneider Electric, Charge&Go ink pact
The aim is to develop EV charging facility in the UAE.Company News Business Energy
Toyota sells record number of vehicles in 2023
It is the world's top automaker for the fourth year in a row.Company News Business
Qantas picks Airbus over Boeing
Boeing currently supplies much of Qantas' domestic fleet.Qantas Airlines committed to buying 20 Airbus A321XLR planes and 20 A220-300 jets from Airbus
Boeing currently supplies much of Qantas' domestic fleet
Saudi Arabia looks to lead solar-cell industry
Demand for PV technology will increase in 2022, says Fahad Bin Omairah, CEO of Bin Omairah Holding Company.Masdar is a state-of-the-art PV solar panels factory with a total capacity of 1.2 GW and a SAR700 million investment
Solar panel systems are now priced $1-1.5 per watt
ADQ establishes office in Cairo to boost its investment in Egypt
Abu Dhabi Development Holding Company (ADQ) has established a new office in Egypt to build on its commitment to investing...The opening of ADQ’s new office complements the $20 billion strategic investment platform launched in 2019 between ADQ and TSFE.
The platform aims to help advance Egypt’s economic development through joint strategic investment projects, specialized funds and investment tools.
RAKEZ to partner with CBD for easy access to bank’s services
Ras Al Khaimah Economic Zone (RAKEZ) has entered into a strategic alliance with the Commercial Bank of Dubai (CBD) to...An MoU was signed by RAKEZ Group CEO Ramy Jallad and CBD CEO Dr. Bernd van Linder.
The agreement makes it convenient for RAKEZ clients to business bank accounts.
ADNOC announces big onshore oil and gas find in Abu Dhabi
ADNOC announced on Wednesday "significant conventional oil, condensate and gas discoveries" of up to 1 billion barrels of oil equivalent...Conventional oil, condensate and gas discoveries of up to 1 bn barrels reported from an exploration well in Abu Dhabi’s Onshore Block 4 Concession.
The oil giant said the next step is to appraise and further quantify these resources as well as to explore the potential in and around Onshore Block 4.
UAE taps Harvard lab to help build its economy
The new partnership between Harvard university’s Growth lab and the UAE’s Ministry of Economy is in line with the government’s...The UAE signed agreement with Harvard’s Growth Lab, specialized in theoretical and empirical research on determinants of growth
The two-year program under the agreement will see academic experts conduct evidence-based economic analyses and research
Binance may move to Dubai as part of crypto deal
TRENDS broke this news in October. The agreement will regulate the offering, issuance, listing and trading of encrypted assets of...TRENDS broke this news in October. The agreement will regulate the offering, issuance, listing and trading of encrypted assets of the firm that is based in Seychelles.
Dubai is competing with Singapore, Switzerland, and other countries to become a worldwide hub for digital currency by developing a crypto-currency free-trade zone
Automechnika Dubai exhibits technological changes in auto sector
The 18th edition of the show, organised by Messe Frankfurt Middle East, has exhibitors from 47 countries and 12 national...The 18th edition of the show, organised by Messe Frankfurt Middle East, has exhibitors from 47 countries and 12 national pavilions
Industry analysts forecast the GCC’s automotive parts retail revenue will grow at a compound annual growth rate of 5.8 percent to US$6.84 billion in 2025
GCC Summit issues Riyadh Declaration
The region’s common economic, defense and security integration and unity and coordinating stances were reviewed at the 42nd GCC Summit.They Gulf leaders seek to enhance solidarity and stability among GCC member states
The Supreme Council will hold its 43rd session under Oman’s presidency
Abu Dhabi Islamic Bank provides $270m in UK real estate finance
Over the last three years, ADIB has catered to the growing demand for commercial property investments in London as well...The bank closed two deals in the UK in the month of November alone, taking its UK portfolio to around AED2.5 billion.
ADIB also provided AED36 million to the Al Rajhi Legacy Fund on their acquisition of Olympus House in England.
