Visitors flock to Sheikh Zayed Festival, boosting exhibitors’ sales
Abu Dhabi, UAE--Sheikh Zayed Festival is witnessing a large public turnout from citizens, residents and tourists from all over the...Business
Maersk halts ships’ transit via Red Sea strait for 48 hours
COPENHAGEN, DENMARK - Shipping giant Maersk said on Sunday it was suspending the passage of vessels through a key Red Sea...Business Geostrategy
Lebanon invites Saudis for talks as diplomatic row deepens
Lebanon on Monday called for talks with Saudi Arabia to ease a spiraling diplomatic row sparked by remarks made by..."Lebanon invites Saudi Arabia to engage in dialogue to solve all outstanding problems and not just the latest spat, so that the same crisis is not repeated every time"
On Friday, Saudi Arabia gave Lebanon's ambassador 48 hours to leave the country, recalled its envoy from Beirut
BNET handpicks new CEO
Bahrain Network (BNET) has announced the appointment of Mr. Ahmed Jaber Aldoseri as its Chief Executive Officer, a former member...Mr. Ahmed Aldoseri held several notable positions in the past including Acting Director General of Information Security and Radio communications
Prior to his current position, he provided consultancy services to the Kingdom of Bahrain’s Government on Cybersecurity matters
Transaction law changes will help raise UAE’s competitiveness ranking: CBUAE
Several amendments to the Commercial Transactions Law related to cheques will contribute to raising the UAE's ranking in the Global...Several amendments to the Commercial Transactions Law will come into effect in Jan 2022.
The changes will also consolidate the principles of justice by striking a balance between the interests of the cheque beneficiary or bearer: CBUAE
Saudi firms refinance SAR10bn real estate agreement
Saudi Real Estate Refinance Company of the Public Investment Fund has announced the signing of a refinancing partnership agreement with...The agreement aims to increase the liquidity in the home financing market in the Kingdom, reduce the cost of home financing for Saudi families
The agreement also supports REDF in enhancing its financial stability
Middle East’s first lithium production facility to come up at KIZAD
The first lithium production facility in the Middle East will be established in the Khalifa Industrial Zone Abu Dhabi (KIZAD),...The $95 million will be set up by Australia's Lepidico at the eco-friendly, zero-waste facility.
Lepidico's special process extracts lithium and recovers valuable byproducts from lithium-mica and phosphate minerals.
Emirates set for Boeing talks: CEO
The talks will be held over the delayed 777Xs 'before and during' Dubai Air Show.The airline has repeatedly complained about the delivery of the long-haul jet, whose launch has been set back by a series of safety and technical problems.
Emirates announced an order of 150 777Xs at the 2013 Dubai Air Show and later revised the deal.
Abu Dhabi launches program to expand knowledge economy
In order to expand the emirate’s knowledge economy, a program designed by Yale University has been launched in Abu Dhabi...The program is being offered in the emirate by First Abu Dhabi Bank through a collaboration with Emirates Foundation and Icon Training & Coaching
It aims to further build the skills of Emirati talent in the financial sector and build capacity
Brazil’s InvestSP joins Global Logistics Passport initiative
InvestSP Corporation and the Global Logistics Passport initiative have signed a Memorandum of Understanding or MoU for better shipping and...Members of the Global Logistics Passport Initiative can expect an annual increase in trade of 5-10 percent
As merchants benefit from more efficient commodity movements, new trade routes are expected to be opened
Etisalat Q3 revenue up 2%
The aggregate subscriber base increases by 4 percent YoY.Net profit amounts to AED 2.4 billion, an increase of 1 percent compared to the same period last year.
The company said that in the UAE, its subscriber base reached 12 million.
DEWA wins Guinness World Record for first 3D lab in world
Dubai Electricity and Water Authority (DEWA) has another accomplishment to its credit, achieving the Guinness World Records title for the...The record was awarded for DEWA’s Robotics & Drone laboratory, housed within the Research & Development (R&D) Centre
Al Tayer emphasized that Dubai provides a motivational environment to encourage construction in 3D printing
