Qatar and Egypt hold talks to ramp up civil aviation cooperation
Cairo, Egypt-- Qatar and Egypt have discussed enhancing ties in the field of civil aviation between the two countries. In...
Business
Business
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
Business
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
Business
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)
Business
Airbus recovers, Boeing reels
Boeing has endured a series of crises as Airbus recovers.
- Aviation sector is recovering from Covid-induced slump
- Airbus will display the A321neo, its latest single-aisle plane, in Dubai
Business
Emaar Properties and Emaar Malls to merge this month
Nearly eight months after the process was undertaken by the two companies, the merger of Emaar Properties with Emaar Malls...
- The two companies conveyed the decision to Dubai Financial Market on Thursday, after the companies received no objections and met all the conditions for the merger
- This will be the second biggest such merger happening on DFM in the last 12 months
Business
European Tour to become the DP World Tour from 2022
The agreement heralds a new era in the history of the European Tour group, which, along with DP World, will...
- The agreement heralds a new era in the history of the European Tour group, which, along with DP World, will celebrate its 50th anniversary in 2022
- In 2022, the DP World Tour will represent a global tour through an international schedule, that will feature a minimum of 47 tournaments in 27 different countries
Business
Elon Musk sells $6.9bn in Tesla shares after Twitter poll
Musk's selloff came days after he created a Twitter poll in which millions voted asking whether he should sell 10...
- Musk's selloff came days after he created a Twitter poll in which millions voted asking whether he should sell 10 percent of his huge stake in the electric carmaker.
- Tesla shares had plummeted at the Wall Street opening on Monday and have fallen further since
Business
STR: Expo lifted Dubai hotel rates to 3-year high in October
Hotel occupancy rates in October stood at nearly 81.6 percent, with the average daily rate (ADR) at AED776.
- Hotel occupancy rates in October stood at nearly 81.6 percent, with the average daily rate (ADR) at AED776
- The tourist rush has been boosted by the Dubai Expo 2020 which is expected to attract 25 million business and tourist visits to the world fair
Business
Alba seeks solar project bids
The solar farm should have a capacity of more than 5 MW.
- The last date for tender purchase is November 30
- The deadline for technical bid submission is January 31 next year
Business
GE, J&J, Toshiba to split in trend to boost value
The break ups "represent a trend line that has been out there for 20 years ," said Michael Useem, professor...
- The break ups "represent a trend line that has been out there for 20 years ," said Michael Useem, professor at the University of Pennsylvania's Wharton School
- GE, like Japan's Toshiba, announced it was splitting into three companies, involved in aviation, health and energy
Qatar and Egypt hold talks to ramp up civil aviation cooperation
Cairo, Egypt-- Qatar and Egypt have discussed enhancing ties in the field of civil aviation between the two countries. In...
Business
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UAE takes part in G20 joint health-finance ministers meeting  Â
GANDHINAGAR, INDIA - Minister of State for Financial Affairs Mohamed bin Hadi Al Hussaini and Assistant Minister of Foreign Affairs...
Geostrategy
Over 113 Emirati projects in Ethiopia, trade exceeds $6bn, says UAE envoy
ADDIS ABABA, ETHIOPIA - UAE Ambassador to the Federal Democratic Republic of Ethiopia Mohammed Salem Al Rashidi said that the...
Geostrategy
Oil prices inch up 1% on signs of slow US output, posts first loss in 8 weeks
Dubai, UAE--Oil prices jumped about 1% on Friday on signs of slowing U.S. output, but both crude benchmarks also ended...
Economy
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Business
Brazil star Neymar arrives in Saudi Arabia ahead of unveiling ceremony
Riyadh, Saudi Arabia--Neymar was greeted with much fanfare Friday as he arrived in Saudi Arabia where he joins a growing list...
- The football star who arrived in Riyadh with extra security will be unveiled as an Al-Hilal player on Saturday after six seasons with French champions Paris Saint-Germain
- Neymar follows Cristiano Ronaldo, Karim Benzema and Sadio Mane in swapping Europe for the Saudi Pro League, which has a hit-list of high-profile targets
Business
Dubai records $2.83bn billion in weekly real estate transactions
Dubai, UAE -- Real estate transactions valued at more than AED 10.4 billion ($2.83 billion) were recorded in Dubai during...
- Of the total 3,571 transactions,120 plots were that sold for AED1.2 billion and 2,782 apartments and villas were that went for AED6.86 billion.
- A total of 109 properties were granted between first-degree relatives worth AED438 million.
Business
India cricket board earns nearly $300 million from 2022 IPL
New Delhi, India -- India's cricket board banked nearly $300 million from last year's iteration of its Indian Premier League,...
- The Board of Control for Cricket in India (BCCI) is one of the richest governing bodies in global sport, owing largely to the runaway success of the flagship Twenty20 tournament.
- The IPL has made millionaires of its top players and generated billions from media rights since its inception in 2008.