QatarEnergy, Excelerate sign agreement
Under the 15-year deal, they will supply LNG to Bangladesh.Company News Business
Dubai RTA awards US$95m contract to upgrade ticketing system
DUBAI, UAE - Dubai’s Roads and Transport Authority (RTA) has awarded a contract to upgrade the existing nol (card-based ticketing...Business Geostrategy Tech & Media
UAE banks waive $313 million in debts of 4,511 Emirati citizens
Debts of 4,511 Emirati citizens, amounting to AED1.15 billion ($313 million), have been waived by 20 banks and financial institutions,...20 banks and financial institutions provided debt relief on the direction of Sheikh Khalifa bin Zayed Al Nahyan.
First Abu Dhabi Bank, Abu Dhabi Commercial Bank, Emirates NBD, Abu Dhabi Islamic Bank were among the banks that waived debts.
DXB to welcome 1.8m passengers in next 11 days
According to the operator, as many as 1.8 million passengers are expected to pass through DXB between November 25 to...According to the operator, as many as 1.8 million passengers are expected to pass through DXB between November 25 to December 5
December 4 is expected to be the busiest day during this period with passenger numbers likely to surpass the 190,000 mark
GMIS2021 concludes in UAE with launch of GMIS America
The inaugural edition of the GMIS America will take place in 2022 in Pittsburgh as a homage to a city...The inaugural edition of the GMIS America will take place in 2022 in Pittsburgh as a homage to a city that has rebounded from significant industrial challenges
The summit explored the role of data and connectivity in shaping the future of supply chains, green manufacturing, sustainable energy, and climate action
Fintech fuels MENA startup scene
It is vital for the economic development of the Middle East by fostering innovation, entrepreneurship and creating large-scale employment opportunities...According to a recent Forbes report, there are at least 2,800 FinTech startups in the Middle East and Africa
In Saudi Arabia, startup funding topped US$168 million in the first half of 2021, 65% more than it did in H1 2020
India announces bill to ban cryptocurrencies
India's government will introduce a bill to ban private cryptocurrencies and create a framework for a central bank-backed digital money,...The proposed bill "seeks to prohibit all private cryptocurrencies in India"
It is the latest such move by a major emerging economy, after China declared all cryptocurrency transactions illegal in September
Omani finance ministry issues government treasury bills worth $194 million
Oman's finance ministry has issued government treasury bills worth Omani Riyal 75 million ($194 million). Treasury Bills are short-term highly...Treasury bills are short-term highly secured financial instruments that provide licensed commercial banks the opportunity to invest their surplus funds.
The bills have a maturity period of 91 days, from 24 November 2021 until 23 February 2022.
Trade between Dubai and Israel grows to $700m
Trade between Dubai and Israel has grown to $700 million since September 2020 when the Abraham Accords were signed.Dubai Government announced on 30th January that the emirate’s trade with Israel in five months, between September 2020-January 2021, had reached $272.26 million
In June 2021, Israel’s Foreign Minister Yair Lapid told WAM that bilateral trade between his country and the UAE had reached over $675.22 million
Ooredoo and Qatar Financial Centre to extend collaboration
Ooredoo and Qatar Financial Centre have signed a partnership agreement to leverage joint experience, expertise, and capabilities to further extend...The partnership incorporates a number of initiatives planned for the coming years, with a clear focus on areas of joint interest
Sectors in which these initiatives will be rolled out include digital innovation, smart cities, fintech, cybersecurity API, cloud solutions
QFZA and Aspiration to bring sustainability services to MENA
Qatar Free Zones Authority (QFZA) and Doha Venture Capital (DVC) have signed an agreement with Aspiration to expand access to...The partnership is in line with QFZA's efforts to develop the world’s first net zero free zones
The agreement is part of a broader collaboration between Aspiration and Qatar Free Zones
GSCCO enhances Jubail port
The company is part of the UAE-based Gulftrainer group.GSCCO has carried out enhancements to the Jubail Commercial Port in Saudi Arabia to increase its capacity
With the upgrades, the port now has the capacity to process 1.8 million 20-foot containers or TEUs per year
