Toyota expects to book profit of US$30bn
Its third-quarter net profit jumped to US$7 billion.Business
Abu Dhabi Airport traffic likely to surge 400% over holiday season
From the period running December 22 to January 2, Abu Dhabi Airports estimates an average of 32,000 passengers and 102...From the period running December 22 to January 2, Abu Dhabi Airports estimates an average of 32,000 passengers and 102 flights per day
Passenger traffic (59,000 per day) and flight numbers (149 per day) still remain down from the same period in 2019
Iran accepts tea in payment for Sri Lankan $251 million oil debt
Iran has agreed to accept Ceylon tea in payment for a Sri Lankan oil debt valued at $251 million, Iranian...In 2016, Ceylon tea made up nearly half of Iranian consumption, but the proportion has declined in recent years.
The barter deal will allow sanctions-hit Iran to avoid having to use up scarce hard currency to pay for imports of the widely consumed staple.
UAE Innovates 2022 to launch on 1 Feb, will run alongside Expo
The UAE Innovates 2022, which is aimed at cultivating a culture of innovation within the public sector and engaging the...Innovation Month 2022 will also include the launch of the second edition of the UAE Innovates Awards.
Activities during the month will include new programs, specialized workshops, and interactive sessions.
Jordan and Saudi Arabia discuss ways to develop agriculture sector
Jordan and Saudi Arabia have discussed the ways to increase the exchange of crops and foodstuffs between the two countries....Jordan's Minister of Agriculture Khaled Hneifat met a delegation of the Saudi Ministry of Agriculture, Environment and Water.
The two sides held also discussed the most important export obstacles and some procedures on the two countries' borders.
AFZ registers 349 new companies in Q3 2021
The results of the operational performance analysis also reflect the Free Zone’s distinct position in the emirate's export and re-export...In its report, AFZ said that education was the fastest-growing sector in the Free Zone with 34 percent growth, followed by advanced technology and health
The Free Zone also recorded a 12 percent growth in the number of new companies registered in the food and beverage sector
Mubadala, G42 plan campus
The biopharma campus is expected to be set up in Abu Dhabi.The biopharma campus is expected to tap into global vaccine and therapeutic products to strengthen regional supply chains
It is also expected to drive the UAE’s diversification and economic-growth agenda
Qatar and Iraq discuss cooperation in transportation sector
Minister of Transport Jassim bin Saif Al Sulaiti, and Minister of Transport of the Republic of Iraq Nasser Hussein Bandar...The total number of passengers who used the Doha Metro during the FIFA Arab Cup 2021 exceeded 2.5mn with an average of 130,000 passengers daily.
According to Qatar Rail, the Doha Metro operated 50,000 trips during the tournament, covering 885,000km, and the average time between trains was 2.5 minutes
Saudi Ports Authority announces new direct shipping service to Djibouti
The Saudi Ports Authority (MAWANI) has announced a new direct shipping service connecting Saudi Arabia to Djibouti, through the container...The service will connect Jeddah Islamic Port to Djibouti through the container transport company, Transmar.
Jeddah Islamic Port is one of the three Saudi ports included in the 2021 edition of Lloyd's List of Top 100 Ports.
UAE an attractive work destination for GCC countries, says pension authority
The UAE is one of the most attractive Gulf Cooperation Council (GCC) countries for GCC citizens to work in, according...A total of 6,903 employees from GCC countries work in the UAE, out of the total 19,808 GCC employees working outside their countries.
In the UAE, the insured is expected to pay 5 percent, public entities 15 percent and private entities 12.5 percent, and the rest of the 2.5 percent.
ADNOC, TAQA partner to power, decarbonise offshore operations
The two companies announced on Wednesday a $3.6 billion (AED13.22 billion) strategic project to significantly decarbonise ADNOC’s offshore production operations,...The innovative project will see the development and operation of a first-of-its-kind high-voltage, direct current subsea transmission system in the MENA region
It will power ADNOC’s offshore production operations with cleaner energy, delivered through the Abu Dhabi onshore power grid, owned and operated by TAQA
