Madinah on list of top five regions for e-commerce records
Madinah, Saudi Arabia -- The number of existing electronic-commerce records in Madinah reached 1,834 during the 4th quarter of 2023,...Business
Global maritime trade sails into geopolitical storm
Most large international shipping companies have decided to reroute trading to avoid the Red Sea and Suez Canal through which...Business Economy
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
10 big companies that changed their names
It was nothing new when Facebook changed its name to Meta, and invited people to the Metaverse. TRENDS has curated...While some have changed their names entirely, others have made only small alterations to the original names
They have achieved varying degrees of success by changing their names
Dubai increases ease of doing business by more than half
This was more than double the target of 30 percent reduction in business setup procedures that the emirate had set...The move is said to be part of Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum’s vision to make the emirate economically attractive
The vision looks to achieve this by helping entrepreneurs set up and run businesses much more easily
Maersk lands Saudi deal
Maersk will set up a Logistics Park at Jeddah Islamic Port.Maersk will set up an Integrated Logistics Park at Jeddah Islamic Port, investing more than SAR500m
The agreement is a step to make Jeddah Islamic Port among the top ten ports in the world by 2030
Etisalat Q3 revenues rise 2%
Its consolidated revenues in Q3 reached AED13.3bn ($3.62bn).Consolidated net profit after Federal Royalty amounted to AED2.4 billion ($653.5 million), an increase of 1 percent
Consolidated EBITDA amounted to AED 6.7 billion ($1.82 billion), resulting in an EBITDA margin of 51 percent
