UAE and India sign MoUs to deepen ties in renewable energy, healthcare
Abu Dhabi, UAE--The UAE Ministry of Investment has signed three memorandums of understanding (MoUs) with India, setting out frameworks for...Business
Rising threat of lookalike domains poses new challenge
"Detecting these attacks and avoiding falling victim to them is vital, but the ability to take down lookalike domains is...Business Opinion
Aleastur, top European metal producer, sets up base in Bahrain
Aleastur, top European metal producer, has set up first plant for aluminum grain refiners and master alloys production in Bahrain.The new $15 million site at the heart of the Gulf region will supply specialty alloys to global markets, including Asia, North America and the GCC
The Bahrain facility will be exporting approximately 85% of its annual production to regional players in the industry, including main aluminum smelters and cast-houses
AACO sets net-zero emissions target
The company to respect the Chicago Treaty, bilateral air services agreementsAACO General Assembly called for the adoption of the guidelines of air travel and vital safety in light of the COVID-19 pandemic
The General Assembly stressed the need to respect the Chicago Treaty and bilateral air services agreements on civil aviation
This week, Gulf markets closed on a high
Stock markets in the Arab region were mostly in the green in the week gone by.After falling by 0.79 percent, the Saudi Stock Exchange closed at 11,753.18 points on Tuesday, losing 93.35 points
On Thursday, the Dubai index outperformed the rest of the Gulf markets, closing on a positive note for the fifth consecutive week
Model Cargo Village at King Fahd Airport is Saudi economic engine
The village seeks to be an advanced logistics center that provides all means for logistics service providers and technical support...The village seeks to be an advanced logistics center that provides all means for logistics service providers and technical support companies
It also provides creative solutions by linking all strategic and major sites with multiple access points and connecting them to the outside world by land, sea and air
Helium Health of Nigeria buys out Qatar-based Meddy Inc
Meddy Inc, the Qatar-based doctor booking service, has been bought out by the African health tech company Helium Health, embarking...Nigerian-based Helium, which also operates in Ghana, Liberia, Senegal, Kenya and Uganda, announced that it had acquired Meddy Inc
Helium will deploy its electronic medical records (EMR) technology and healthcare financial solutions across the GCC healthcare market
Syria inks solar plant deal with UAE firms
Syria has signed a deal with United Arab Emirates firms for the construction of a solar power plant near Damascus,...The accord comes two days after UAE Foreign Minister Abdullah bin Zayed Al-Nahyan met President Bashar al-Assad in Damascus
The Syrian government initially approved the project last month, with Economy Minister Samer al-Khalil calling it a positive sign
Saudi Arabia sells dual-tranche bonds for $3.25 billion
Saudi Arabia has sold two bonds--a sukuk tranche and a conventional bond--for $3.25, the kingdom's National Debt Management Center (NDMC)...The value of the first tranche is at $2 billion for a nine-and-a-half-year sukuk maturing in 2031.
The second tranche of $1.25 billion is for a 30-year bond maturing in 2051.
ADFD provides Lesotho with $20m finance for water supply
Abu Dhabi Fund for Development (ADFD) will provide the Butha-Buthe District in Lesotho with $20 million in finance for the...The water supply system will provide 9,000 cubic meters of clean water per day, enough to meet the water needs of the Butha-Buthe population
The loan agreement was signed by Mohammed Saif Al-Suwaidi, Director General of ADFD, and Thabo Sophonea, Lesotho’s Minister of Finance
Sharjah International Book Fair world’s largest publishing event in 2021
The Sharjah International Book Fair (SIBF) has emerged as the world’s largest book fair this year, attracting the participation of...The fair saw the participation of 546 publishers and literary agents from 83 countries.
In the run up to the fair, SIBF Publishing Conference serves as a platform for buying and selling rights and signing book deals.
Trade surges 69% to AED15.84bn between UAE and Italy in 2021
Trade between the United Arab Emirates (UAE) and Italy has surged 68.6 percent to AED15.84 billion in the first half...Imports too showed remarkable strength touching AED11.33 billion while exports hovered around AED3.65 billion
Direct trade amounted to AED12.954 billion, whereas free zone trade totaled AED2.839 billion
