At the start of this month, Qatar said it would supply 7.5 million tonnes of LNG per year for 20 years...
- The company is reducing costs to safeguard competitiveness,
International tourist arrivals will this year remain 70-75 percent below the 1.5 billion arrivals recorded in 2019, before the pandemic...In addition to virus-related travel restrictions, the tourism sector is also grappling with the economic strain caused by the pandemic
The spike in oils prices and the disruption of supply chains are also complicating matters
The KUEC will aim to encourage technology investors and entrepreneurs to partner with the University to commercialize its growing patent...The KUEC will include ‘Innovation Acceleration and Startups’ and ‘KU Ventures’, which will support establishing and operating non-IP technology companies
KUEC also includes the Endowment Fund that will allocate funding for investments and operations
It wants half its sales to be electric or hybrid vehicles by 2030.The move follows in the footsteps of other major global automakers, which have increasingly signalled a move towards electric and hybrid vehicles
Unveiling its new long-term plan, Nissan said it will launch 23 new models, including 15 new electric vehicles, in a bid to reach the 2030 goal
- Morocco can attract big Indian investment due to its talented human resources and an impressive investment climate, said Ashwath Narayan,...
Morocco has launched a roadshow in India to promote the initiative "Morocco Now".
High technology, biotechnology, engineering and automotive sectors should be focus of investments, said the minister.
Two leading Iranian banks have welcomed a decision by a Hague-based tribunal to order Bahrain to pay them more than...Iran's state-owned Bank Melli and Bank Saderat sought arbitration in the case in 2017
Hague based tribunal found that that Bahrain's motives had been primarily political
Abu Dhabi will host a new Amazon fulfillment center, expected to be the most technologically advanced in the region. It...E-commerce giant says the centre will speed up delivery times and support a range of sellers
The new centre is part of collaboration between Amazon and Abu Dhabi Investment Office’s program to attract investment and create job opportunities
Emirates Global Aluminium (EGA) and GE Gas Power have signed an agreement to reduce greenhouse gas emissions from EGA’s existing...EGA and GE Gas Power have signed an agreement and together they will work out a roadmap for decarbonization efforts.
EGA has 33 GE natural gas turbines at Jebel Ali and Al Taweelah, with a total power generation capacity of 5,200 megawatts.
GreenDome Investments has bought out Elite Co. from Prama Holdings, in a deal representing one of the region’s largest acquisitions...Elite Co., a leading fully integrated land freight and courier solutions providers in the Middle East, has state-of-the-art operations and assets across Oman, Bahrain, Qatar
GreenDome Investments aims to build an integrated end-to-end logistics services powerhouse to tap into the Middle East
- Dubai hosted the naming ceremony of a cruise ship, MSC Virtuosa, which was officially named by Hollywood star Sophia Lauren...
MSC Cruises, the world's third-largest cruise operator, had chosen Dubai for the naming ceremony.
The ceremony was held at Port Rashid in partnership with DP World and Dubai’s Department of Economy and Tourism.
- Iraq's oil Minister Ihsan Abdul-Jabbar has said that Iraq has worked on a vision that emphasizes the importance of finding...
Iraq's National Oil Marketing Company says it does not see necessity of any decision on increasing oil production.
OPEC + has decided to maintain the monthly increase rate of 400,000 barrels in December.
