Economy
Masdar City and ADRO facilitating Golden Visas for eligible persons
Masdar City Free Zone has been facilitating the processing and submission of Golden Visas for eligible persons and their families...
- The Golden Visa is a 10-year residency for certain professions including specialized degree-holders and others.
- Golden Visa is of particular relevance to Masdar City as it hosts more than 900 companies, says Executive Director Abdulla Balalaa.
Business
EFI readies for secondary ADX listing
The listing is part of the company's expansion plan.
- The company looks to strengthen its role as a partner in the UAE’s food security agenda, says the CEO.
- EFI is currently in the final stages of completing a state-of-the-art dairy factory in Al Ain.
Business
NBQ net profit at $53m
The net profit rose 10.61% in comparison to last year.
- The cost-to-income ratio stood at 32.22 percent in the first nine months of 2021
- The Capital Adequacy Ratio improved to 41.37 percent
Business
UAE payments industry expected to reach $14 billion by 2030
The UAE's payments industry, like several other countries in the world, suffered an impact far less severe than initially anticipated...
- Like other countries, the industry in UAE suffered the Covid-19 impact less severe than anticipated, according to Boston Consulting Group.
- The national payment revenues in the UAE expected to grow by 67 percent between 2020 to 2030.
Business
Qatar and Rolls Royce set up a fund to invest in green projects
Qatar has tied up with Rolls Royce to set up a fund worth billions, investing in green engineering projects with...
- A sister campus would be built in Qatar
- The project will be one of the largest inward investments by a foreign state to the UK
Business
Jordan resolves to develop network of electricity grids
Jordanian Minister of Energy and Mineral Resources, Saleh Kharabsheh, has stressed the importance of developing the country’s electricity grids and...
- The minister said the world is witnessing a technological revolution in the energy field, especially the renewable sector, which should be taken advantage of
- The minister also stressed the importance of the Arab electric connection and efforts to increase its capacity
Business
Dubai CommerCity ties up with Khaleej Digital for e-commerce
Dubai CommerCity, the first and leading e-commerce free zone in the region, has partnered with e-commerce strategy consultant, Khaleej Digital.
- Khaleej Digital will support Dubai CommerCity in leading its customers’ digital transformation journey by designing, planning and executing an e-commerce strategy
- By exchanging knowledge and expertise, the two entities will provide the free zone’s customers with an array of exceptional services
Business
Sabic to invest $1.37bn in UK
The investment is expected to improve operations at a UK plant.
- The company said that the investment will strengthen its operations
- England’s Prime Minister Boris Johnson appreciated the decision of investment
Business
Largest Saudi gold mine to begin work in Q1 of 2022
Saudi Arabia is set to begin mining gold from one of the biggest reserves of the kingdom in the first...
- The project in the Makkah region is using renewable energy for 13 percent of its energy requirements with a plan to increase it
- The Kingdom is currently producing about 400,000 ounces from five mines that were developed in the last 10 years
Business
PIF of Saudi Arabia unveils LIV Golf Investments
Public Investment Fund of Saudi Arabia has unveiled LIV Golf Investments and hand-picked former world champion Greg Norman to lead...
- The new events will be staged from 2022 across Europe, the Middle East and Asia in a move designed to help bolster the sport
- LIV has created 10 new events to be staged annually on the Asian Tour over the next decade with $200 million of backing
Company News
Emaar EC Q1 losses $45m
Business
Latest News
Dubai Chamber of Commerce achieves 46.7% success rate in mediation cases
DUBAI -- The Dubai Chamber of Commerce, one of the three chambers operating under Dubai Chambers, has revealed that it...
Business
Mawani adds 20 cargo services to Saudi Arabia’s ports in H1
Riyadh, Saudi Arabia -- The Saudi Ports Authority (Mawani) has added 20 cargo services to the ports of Jeddah, Dammam,...
Business
Most Read
Ceer and Siemens deal to boost EV in Saudi Arabia
Riyadh-based Ceer is collaborating with Siemens Digital Industries Software to accelerate Ceer’s digital transformation and empower its engineers to design...
- The Saudi-German collaboration is focused on accelerating Ceer’s digital transformation, vehicle development, and manufacturing
- Siemens Xcelerator portfolio of industry software for vehicle design will be used by Ceer
Business
Gulf Hotels Group profit up
It posted a jump in net profit in Q2 to US$2.92 million.
- The bank said its income was $2.92 million in Q2 of 2023 compared to $1.03 million for the same period last year
- Its revenue for the second quarter was $20 million, compared to $17.55 million for the same period last year
Business
Estithmar opens branches in Iraq
Two subsidiaries of the Qatari firm open two branches.
- Elegancia Healthcare, established a branch in Iraq in line with the memorandum of understanding that was signed recently to manage and operate several soon-to-be-opened hospitals.
- Estithmar Holding told Qatar News Agency that it signed agreements with the Iraqi investment authority worth $7 billion that includes real-estate and tourism development.