UAE signs pact to develop digital infrastructure in Greece
ABU DHABI, UAE - The Ministry of Investment of the UAE and the Ministry of Digital Governance of the Hellenic...Business Geostrategy Tech & Media
Saudi Crown Prince announces new company to boost Kingdom’s global tech status
Riyadh, Saudi Arabia — Saudi Crown Prince Mohammed bin Salman on Thursday launched a new company called Alat geared to...Business
Airbus takes off with big order of 255 aircraft on first day of Dubai Airshow
Airbus came out strongly at the Dubai Airshow on Sunday with a group order for 255 single-aisle A321 aircraft, marking...The total cost of the order was not disclosed, but list rates are rarely applied to large deliveries.
Hungarian low-cost carrier Wizz Air will receive 102 aircraft, American Frontier Airlines will receive 91, while 39 will go to Mexico's Volaris and 23 to Chilean JetSMART.
DONIA: UAE Central Bank’s new transactions index to start from 7 Dec
The Central Bank of the UAE (CBUAE) will publish a new index for actual overnight funding transactions denominated in UAE...Dirham Overnight Index Average (DONIA) is computed as a volume-weighted money market rate for all actual overnight funding transactions of AED10 million or above.
It would be published on UAE official working days by 09:30 hours local time on the CBUAE’s website and via Bloomberg and Refinitiv Eikon.
AD Ports 9M revenue up by 22 percent
The rise is attributed to volume growth, business diversification.EBITDA rose 7 percent year-on-year to AED1.161 billion during this period, up from AED 1.081 billion during the same period in 2020.
General cargo volumes rose to 37 million metric tonnes in year-to-date September 2021, up from 22 million metric tons in the same period in 2020.
Tadawul bars Anaam Holding from trading for one day
Tadawul, the Saudi Exchange, has barred Anaam International Holding Group from trading for one day, after an adverse comment in...Anaam will be able to resume trading for 20 trading sessions with the possibility of another suspension
The poultry processing company reported that its net losses widened by 525 percent in the nine months period of 2021
Yahsat of Abu Dhabi figures in MSCI’s global indices
Al Yah Satellite Communications Company (Yahsat) of Abu Dhabi has been included in MSCI’s global indices.Yahsat’s inclusion will be effective on December 1, 2021
The company began trading on the Abu Dhabi Securities Exchange (ADX) in July following its initial public offering (IPO)
Cham Wings halts Minsk flights
The airline cited the Belarus-Poland border crisis as a reason.Syrian airline stopped flying to Minsk due to the increasing tension of migrants moving to Poland
This, even as hundreds of migrants mostly from the Middle East remained trapped on the Belarus-Poland border
Gulf Air boosts frequencies
Passenger numbers have grown ahead of the holiday season.Bahrain’s national carrier Gulf Air has boosted frequencies to popular destinations
This is said to be in line with increasing demand for air travel and relaxed travel restrictions in many countries
UAE to list Salik toll system on Dubai Financial Market
The Dubai Securities and Exchange Higher Committee has decided to list Salik on Dubai Financial Market (DFM) in order to...The Salik toll system is one of Dubai’s premier infrastructure assets, with robust traffic volumes
The eight Salik toll gates, Al Barsha, Al Garhoud, Al Maktoum, Al Mamzar South, Al Mamzar North, Al Safa, Airport Tunnel and Jebel Ali, aim to reduce traffic congestion
Trade between Jordan and UAE grows to $891m in 2021
Trade between Jordan and the United Arab Emirates has grown to $891 million during the course of last year, and...The details of the growing economic ties between the two countries were shared by the prime minister of Jordan Bisher Khasawneh
He said the UAE has poured almost $17 billion into the Kingdom investments as it considered as one of the key partner in this regard
Top energy honchos to meet at Abu Dhabi CEO Roundtable
More than 30 top energy executives from around the world will come together at the 7th Abu Dhabi CEO Roundtable,...The industry leaders have been invited to the roundtable by Dr. Sultan Ahmed Al Jaber, United Arab Emirates (UAE) Minister of Industry and Advanced Technology
The participants will debate issues impacting the energy world and the outcome of the UN Climate Change Conference of the Parties (COP26)
