From climate action to global aid: Inside UAE’s remarkable year
Abu Dhabi, UAE -- The UAE is bidding farewell to 2023, dubbed the ‘Year of Sustainability'. From hosting the relatively...Business Economy Energy Geostrategy Global
13 million merchandise tons shipped via special corridor, says Ukraine
The corridor was created in August to link Ukraine's ports to the Bosphorus Straits, several weeks after Moscow refused to...Business
Qatar and Rolls Royce set up a fund to invest in green projects
Qatar has tied up with Rolls Royce to set up a fund worth billions, investing in green engineering projects with...A sister campus would be built in Qatar
The project will be one of the largest inward investments by a foreign state to the UK
Jordan resolves to develop network of electricity grids
Jordanian Minister of Energy and Mineral Resources, Saleh Kharabsheh, has stressed the importance of developing the country’s electricity grids and...The minister said the world is witnessing a technological revolution in the energy field, especially the renewable sector, which should be taken advantage of
The minister also stressed the importance of the Arab electric connection and efforts to increase its capacity
Dubai CommerCity ties up with Khaleej Digital for e-commerce
Dubai CommerCity, the first and leading e-commerce free zone in the region, has partnered with e-commerce strategy consultant, Khaleej Digital.Khaleej Digital will support Dubai CommerCity in leading its customers’ digital transformation journey by designing, planning and executing an e-commerce strategy
By exchanging knowledge and expertise, the two entities will provide the free zone’s customers with an array of exceptional services
Sabic to invest $1.37bn in UK
The investment is expected to improve operations at a UK plant.The company said that the investment will strengthen its operations
England’s Prime Minister Boris Johnson appreciated the decision of investment
Largest Saudi gold mine to begin work in Q1 of 2022
Saudi Arabia is set to begin mining gold from one of the biggest reserves of the kingdom in the first...The project in the Makkah region is using renewable energy for 13 percent of its energy requirements with a plan to increase it
The Kingdom is currently producing about 400,000 ounces from five mines that were developed in the last 10 years
PIF of Saudi Arabia unveils LIV Golf Investments
Public Investment Fund of Saudi Arabia has unveiled LIV Golf Investments and hand-picked former world champion Greg Norman to lead...The new events will be staged from 2022 across Europe, the Middle East and Asia in a move designed to help bolster the sport
LIV has created 10 new events to be staged annually on the Asian Tour over the next decade with $200 million of backing
Half million visitors to Saudi pavilion at Expo 2020 Dubai
The total number of visitors to the Saudi pavilion exceeded 30 percent of Expo 2020 Dubai's total number of visitors.The visitors are said to have been from various Arab and foreign nationalities
High-level diplomatic delegations from various countries also visited the pavilion
Saudi submits bid to host World Expo 2030 in Riyadh
Russia, the Republic of Korea, Italy and Ukraine are other four countries that have submitted bids for the event in...Crown Prince Mohammed Bin Salman proposes “The Era of Change: Leading the Planet to a Foresighted Tomorrow” as the theme for the event.
The Expo 2030 in Riyadh would coincide with the culmination of the Saudi Vision 2030, the Crown Prince's letter said.
Oil giant Saudi Arabia sees opportunity in climate crisis
Not only is the kingdom ramping up oil production, it is also making a major play for the trillion-dollar emerging...Saudi Arabia has promised to go carbon-neutral by 2060 and pledged more than $1 billion for circular carbon economy initiatives.
Experts say Saudi Arabia has a strong stake in blue and green hydrogen production, solar production and in solutions in carbon capture and storage.
Damac board okays Maple buy
Maple is wholly owned by Damac ex-chairman Hussain Sajwani.Damac said its board of directors, other than Sofyan Al Khatib, had reviewed the expert advice on the deal
It had appointed KPMG as an independent valuer, Arqaam Securities LLC as financial advisor, and Al Tamimi & Company as its legal advisor
