Jeddah Central Development Company signs 4 contracts worth $3bn
Jeddah, Saudi Arabia - The Jeddah Central Development Company, a company owned by the Public Investment Fund (PIF), signed four...Business
Investment in Qatar free zones reaches US$1.3bn, says QFZ chairman
DOHA, QATAR - Minister of State and Chairman of Qatar Free Zones Authority (QFZ) Dr. Ahmad bin Mohammed Al Sayed...Business Economy Geostrategy
Masdar to build Armenia’s largest solar plant on DFBOO basis
Masdar, a renewable energy company and a subsidiary of Mubadala Investment Company, will build a 200-megawatt solar photovoltaic (PV) plant...The plant will span over 500 hectares and will create a large number of direct and indirect jobs.
The project company will be 85 percent owned by Masdar and the rest by the Armenian National Interests Fund.
UAE reviews measures to counter money laundering
Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, chaired a meeting of the Higher Committee...The UAE has been working closely with the Financial Action Task Force (FATF) to ensure the UAE’s legal, regulatory and operational standards meet global standards
The Committee also reviewed progress made by the UAE in recent months, set out in the UAE’s latest progress update to FATF
Dubai introduces ‘electronic notary public’ after amending the law
Dubai has introduced an automated system that performs the duties of the notary public without human interference and does away...The automated notary public has been introduced as part of Dubai’s smart government transformation.
Companies providing notary public services are now required to inform Dubai Courts about licensed individual notaries public working in the company.
Tips to consider before starting a new business
With the Covid-19 pandemic leading people to start their own businesses, a good beginning could make all the difference.While it is feasible to start a business with limited resources, there are always obstacles to overcome
Over 65 percent of businesses fail within 10 years, and approximately 20 percent within two years
Dubai and Abu Dhabi to vie for Gulf Capital’s offering
Gulf Capital, a UAE-based financial institution, has added Abu Dhabi and Dubai to the list of potential markets for the...Gulf Capital bets on growth in Asia to outperform US and European markets
The UAE-based institution manages more than $2.5 billion worth of assets
Arrival of a ship carrying 1,200 passengers marks start of Dubai’s cruise season
The arrival of the 252-meter-long cruise ship, AIDAbella, at Dubai Harbour on Friday marked the start of the cruise season...The arrival of 252-meter-long cruise ship AIDAbella also marks the official debut of the region’s largest Dubai Harbour Cruise Terminal.
Dubai’s 2021-2022 season, which commenced in October, is expected to welcome 126 ship calls and over 500,000 cruise visitors.
New Covid-19 variant spooks global markets
Firms linked to travel were among the worst affected as investors fretted over the possibility of more government-mandated restrictions.The B.1.1.529 strain has been blamed for a surge in fresh cases in South Africa and has already cropped up in Hong Kong
The WHO is deciding decide if it should be designated a variant of ‘interest’ or of ‘concern’
MSCI includes Waha Capital
The company has been added to key UAE and global small-cap indices.The decision by MSCI, one of the world’s leading index providers, raises Waha Capital’s profile amongst global institutional investors
MSCI indexes are closely replicated by passive funds and other investment vehicles, such as mutual and exchange traded funds (ETFs)
Dubai sees $1.9b weeklong real-estate transactions
The Dubai Land Department or DLD said the emirate saw a total of 1,850 real-estate transactions over the seven-day period.A total of 166 plots were sold for AED1.01 billion ($275 million) in the emirate over the week
Also, 1,684 apartments and villas were sold in the same timeframe, for AED 3.83 billion ($1.04 billion)
Saudi Arabia: Diriyah Square will host over 450 of the finest global brands
Diriyah Square has been billed as an icon of DGDA projects, due to its unique attractions and luxurious modern lifestyles.Diriyah Square has been billed as an icon of DGDA projects, due to its unique attractions and luxurious modern lifestyles
The project will apply timeless Najdi-inspired architecture and design principles that reflect the profoundness and antiquity of Saudi culture
