Boost investment to avert ‘decade of wasted opportunity’: World Bank
Global growth is set to slow from an estimated 2.6 percent in 2023 to 2.4 percent this year, 0.75 percentage...Business Economy
Israel eyes influx of tourists from UAE, Bahrain
Israel is anticipating a significant influx of Emirati and Bahraini tourists as the global tourism industry starts recovering from the...Israel expects 100,000 tourists a year from the UAE and Bahrain, with each tourist spending $1,500 per vacation
The Jewish state is expected to make $150 million annually in revenues from the Gulf tourists
Two Saudi defense firms sign contract to build SkyGuard UAV
Saudi Arabia's General Authority for Military Industries (GAMI) and Saudi Arabian Military Industries (SAMI) have signed a contract for the...SkyGuard is the outcome of numerous R&D efforts and geared towards developing a 'truly local' product.
Saudi Arabia has set a target of spending 50 percent of expenditure on locally manufactured defense products and services by 2030.
Masdar City and ADRO facilitating Golden Visas for eligible persons
Masdar City Free Zone has been facilitating the processing and submission of Golden Visas for eligible persons and their families...The Golden Visa is a 10-year residency for certain professions including specialized degree-holders and others.
Golden Visa is of particular relevance to Masdar City as it hosts more than 900 companies, says Executive Director Abdulla Balalaa.
EFI readies for secondary ADX listing
The listing is part of the company's expansion plan.The company looks to strengthen its role as a partner in the UAE’s food security agenda, says the CEO.
EFI is currently in the final stages of completing a state-of-the-art dairy factory in Al Ain.
NBQ net profit at $53m
The net profit rose 10.61% in comparison to last year.The cost-to-income ratio stood at 32.22 percent in the first nine months of 2021
The Capital Adequacy Ratio improved to 41.37 percent
UAE payments industry expected to reach $14 billion by 2030
The UAE's payments industry, like several other countries in the world, suffered an impact far less severe than initially anticipated...Like other countries, the industry in UAE suffered the Covid-19 impact less severe than anticipated, according to Boston Consulting Group.
The national payment revenues in the UAE expected to grow by 67 percent between 2020 to 2030.
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
