Digital innovation spurs gender parity in Middle East
Technology, from digital platforms to AI, offers a transformative avenue for empowering women, says Isabel Neiva of Kearney Middle East...
Business
Science
Aramex vows to cut emissions
It has signed a deal with the Science Based Target initiative.
- Aramex has signed a commitment with the Science Based Target initiative to significantly reduce its greenhouse gas emissions by 2030
- The SBTi is a partnership between CDP, the United Nations Global Compact, World Resources Institute, and WWF
Research
UAE passport strongest in GCC, 16th in global ranking
The United Arab Emirates is followed by Qatar (60), Kuwait (61), Bahrain (69) and Oman (71) on the Henley Passport...
- The United Arab Emirates is followed by Qatar (60), Kuwait (61), Bahrain (69) and Oman (71) on the Henley Passport Index
- The Henley & Partners' list is one of many that rank passports based on their ability to provide access to their citizens
Business
Gulf International Bank closes $625million sustainability-linked syndicated loan
Gulf International Bank (GIB) said on Sunday that it has closed a $625 million sustainability-linked syndicated loan (SLL), making it...
- The deal makes it the first majority Saudi-owned bank to close such a facility.
- The deal was oversubscribed by more than two times with $1 billion commitments from 20 global investors.
Business
Turkish fires endanger world pine honey supplies
Turkey’s pine honey harvests — especially in the Mugla region — were already suffering from drought when the wildfires hit....
- Turkey as a whole makes 92 percent of the world’s thick, dark pine honey
- The Mugla region, where 80 percent of Turkey’s pine honey is produced, has been ravaged by fire and floods
Investigation
KSA, UAE lead GCC in maritime trade
Saudi Arabia is planning to invest US$36bn in logistics and aims to become a regional hub for the shipping sector,...
- Saudi Arabia is planning to invest US$36bn in logistics and aims to become a regional hub for the shipping sector, a position enjoyed by the UAE for many years
- The UAE has 10 major ports followed by Saudi Arabia (9), Qatar, Oman and Bahrain (5 each) and Kuwait (3)
Expo 2020 DUBAI
Egypt’s pavilion at Expo 2020 draws 50,000 visitors in the first week
More than 50,000 visitors have been to Egypt’s pavilion at Expo 2020 during the first week of the gala event...
- Egypt’s industry and trade minister: Turnout meant the pavilion was one of most attractive for visitors
- Interactive displays show the developments that Egypt is witnessing in all fields
Expo 2020 DUBAI
Jordan dedicates pavilion at Expo 2020 to youth of the country
The creativity of Jordanian youth was celebrated with the opening of the country’s pavilion at Expo 2020 Dubai.
- The displays were built by young people from Jordan
- The ceremony was attended by Jordanian, Arab and foreign officials and community members
Business
Evorra secures pre-seed investment
Investors include Area Tech Holdings and FirstPartyCapital.
- The funds will be used to finalize Evorra's B2B SaaS audience marketplace.
- Evorra offers a solution to the death of third-party cookies so that brands can be custodians of their customer’s marketing data.
Economy
UK and Gulf nations negotiate trade deal
"It brings me great joy and pleasure to officially announce the official launch of FTA negotiations between GCC countries and...
- The UK already enjoys strong economic links with the nations of the GCC, comprised of Saudi Arabia, the United Arab Emirates, Qatar, Bahrain, Kuwait and Oman
- Trade between the UK and the Gulf nations topped 30 billion pounds ($41 billion) in 2020, according to the British government
Business
Facebook says some users struggling to access its services
Facebook did not provide details on the cause or scope of the problems, which caused users to flock to Twitter...
- Facebook did not provide details on the cause or scope of the problems, which caused users to flock to Twitter to voice frustration
- Hundreds of millions of people were unable to access Facebook, Instagram or WhatsApp for more than six hours on Monday
Company News
Latest News
Sony hikes sales and profit forecasts on strong music business
The Japanese electronics-to-entertainment conglomerate said its annual net profit for the year to March 2024 should reach 860 billion yen...
Business
CBUAE revokes licenses of currency exchange house, commercial broker company
Abu Dhabi, UAE - The Central Bank of the UAE (CBUAE) has revoked the license of Dirham Exchange, an exchange...
Economy
ADNOC Gas awards $3.6bn contract to expand its gas processing infrastructure
Abu Dhabi, UAE: ADNOC Gas, the integrated gas processing company, announced on Wednesday the award of a $3.6 billion (AED13.1...
Business
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Business
Sharjah Chamber and FDI Office discuss ways to promote real estate sector
Sharjah, UAE--The Real Estates Sector Business Group has discussed with the Sharjah FDI Office (Invest in Sharjah) ways to promote...
- The discussion centered on how the sector can benefit from the Sharjah FDI Office's expertise to promote real estate ventures in the emirate
- Sharjah Chamber noted the remarkable growth in the sector, emphasizing how real estate is acting as a backbone to the emirate's economic prosperity
Sharjah Business Women Council connects 500+ women to UAE’s business ecosystem in H1 2023
Sharjah, UAE - It's been a busy start to the year for members of the Sharjah Business Women Council (SBWC),...
- Sharjah Business Women Council has a member community of 2,000+ business women and aspiring entrepreneurs
- The council has brought members closer to new prospects in fashion, F&B, perfumes, and other sectors
Business
Zain Group profit jumps 14%
Its net profit for Q2of 2023 rose to US$187m.
- The company during the period also received a first-ever cash dividend of $42 million from Zain KSA
- For H1 the group generated consolidated revenue of $3.03 billion, an increase of 12% YoY