Bahrain and Slovakia to ramp up cooperation in urban planning
Manama, Bahrain-- Bahrain and Slovakia are looking to ramp up the ongoing cooperation in urban planning and sustainable development.In this...Business Economy
Cinema ticket prices in Saudi Arabia decline by 16% in 2023
Riyadh, Saudi Arabia - The average cinema ticket prices decreased by over 16% in 2023 compared to the previous year,...Business Economy
Emirates narrows H1 losses to $1.6bn
The group’s net loss for the period was AED5.7 billion ($1.6 billion), substantially better than the AED14.1 billion ($3.8 billion)...Emirates pegged this recovery of sorts on the easing of travel restrictions worldwide as the Covid-19 pandemic abated
It also pointed to the corresponding rise in demand for air transport as countries advanced their vaccination programs
Israel startup pays virtual coin for trash collection
The scheme aims to encourage citizens to pick up trash in a country ranked among the world's leading litter producers.Israelis generate an average of 1.7 kilograms of waste per person per day
Comparatively, residents of European countries generate on an average 1.4 kilograms of waste every day
Dubai Chamber identifies UAE-Indonesia trade opportunities
There appears to be plenty of scope for Indonesia to expand its cooperation with the UAE in the area of...The chamber, in a statement on its website, said the UAE was among the top 20 import-partner countries of Indonesia
However, Indonesia is not even among the top 30 export and import markets for the UAE
What are the most recent retail trends?
With the retail sector rebounding in the UAE, Cyrille Fabre, a partner and director with the Middle East arm of...Retailers are thriving in the areas of omnichannel and customer experience.
Unlike carbon-intensive industries, retail can easily achieve sustainability
DP World launches e-commerce site Dubuy in Kenya
Dubuy.com aims to provide Kenya a secure and reliable way for its businesses to grow.Dubuy.com, an e-commerce platform of DP World, has launched in Kenya
It has already seen over 500,000 website visits from African vendors since its launch in Rwanda six months ago
Dubai’s Mashreqbank hit with $100m fine in US
The fine was one of several actions by US regulators requiring the bank to fix lapses in its processes to...The fine was one of several actions by US regulators requiring the bank to fix lapses in its processes to ensure its overseas branches comply with US sanctions
The breaches involved the bank's London office handling payments through the US financial system without making clear they were going to a Sudanese entity
Meta to tweak ad policy
Meta ads will not consider race, religion, sexuality, or political party.From January 19, apps in the Meta family will no longer offer advertisers the option to target people based on certain ‘sensitive’ topics
While this may tighten privacy, it may also affect non-profit groups seeking fundraising or small companies looking for customers
AD Ports Group to develop multipurpose terminal at Egypt’s Safaga Port
A multipurpose terminal in Safaga Port of Egypt will be developed and operated by AD Ports Group. Under an MoU...AD Ports signed an MoU with the Egyptian Group for Multipurpose Terminals, the commercial arm of the Egyptian Ministry of Transportation.
Under the pact, AD Ports Group will explore investment opportunities and conduct feasibility and local market studies related to the project.
Dubai non-oil economy surges to two-year high in October
Dubai's non-oil economy continued to grow in October, courtesy of a sharp rebound in new orders and increased tourism activity...A sharp rebound in orders and Expo boost raise Purchasing Manager's Index.
Despite the growth of businesses, job hiring remained marginal. Overall expectations of firms at their highest since March 2020.
Mercer says UAE firms to hire more staff next year
UAE firms are expected to hire more staff and increase salaries next year to attract and retain talents as the...The expected average raise in the salary for companies in high-tech, life science and consumers goods would be around 4 percent
The survey covered 599 companies across UAE with response indicating that salaries in 2021 incremented at an average of 3.6 percent
