Bank plays crucial role in funding sustainable future
"We continue to capitalize on the promising opportunities in this market through innovative offerings and solutions, while strengthening our substantial...
Business
China steps up green transition drive to meet carbon-emission goals
Beijing, China--China is moving away from traditionally energy-intensive industrial sectors toward green development across key sectors, in efforts to fulfill...
Economy
Business
Abu Dhabi issues new Covid-19 norms for tourism and leisure venues
Restaurants can operate at 80 percent of their capacity and allow a maximum of 10 people at a table who...
- Those fully vaccinated within the last six months-- vulnerable groups within the last three months-- only will be allowed to attend events.
- A negative PCR test taken within the previous 48 hours will be required with an ‘E’ showing on the Al Hosn app.
Business
Dubai Investments to deliver $953m mixed-use projects by H2
The handover portfolio includes the final phase of the Mirdif Hills Project in Dubai and the Al Taif Business Center...
- The two projects together will provide more than 240,000 sq ft of commercial space with 100 retail units
- There will also be over 280,000 sq ft of office spaces, more than 350 hotel rooms, and more than 1,200 residential and serviced apartments
Business
Dubai to develop as polyurethane innovation hub: Pearl
Pearl Polyurethane has appointed a new CEO as part of an ambitious growth plan to double the size of the...
- Pearl Polyurethane has appointed a new CEO as part of an ambitious growth plan to double the size of the Dubai-headquartered company
- Operating for over 25 years, the company has supplied polyurethane insulation foam systems for several trailblazing projects in the Gulf region
Geostrategy
UAE, Iraq moot bilateral business council
Iraq and the UAE already conduct trade that was worth around $15 billion in 2019.
- Abu Dhabi Chamber Chairman Abdullah Mohammed Al Mazrouei and Iraqi Ambassador discussed the setting up of this council
- Abu Dhabi Chamber Director-General Mohamed Helal Al Mheiri also attended the meeting
Business
Qatar Tourism and Clia announce partnership
The partnership should help Qatar broaden its appeal for visitors ahead of and beyond the 2022 Fifa World Cup.
- Qatar welcomed 207,000 cruise visitors to Doha in 2019-20
- It reopened its borders on July 12 to fully-vaccinated international travelers, and is expecting tourism to pick up
Business
Azizi Developments records 263% hike in broker registrations
The developer has strengthened and expanded its broker relationships following the introduction of its revamped channel partner strategy
- The developer has strengthened and expanded its broker relationships following the introduction of its revamped channel partner strategy
- Higher commissions, weekly commission pay-outs, and rigorous broker training and assistance have contributed to the surge in registrations
Research
UAE on way to become cashless economy by 2025
According to World Bank, the UAE has about 61 automated teller machines (ATMs) per 100,000 adults, much more than the...
- According to World Bank, the UAE has about 61 automated teller machines (ATMs) per 100,000 adults, much more than the world’s average of 43 ATMs
- The central bank digital currency (CBDC) could be launched in the UAE and Saudi Arabia in the next two to five years
Economy
UAE on way to become cashless economy by 2025
According to World Bank, the UAE has about 61 automated teller machines (ATMs) per 100,000 adults, much more than the...
- According to World Bank, the UAE has about 61 automated teller machines (ATMs) per 100,000 adults, much more than the world’s average of 43 ATMs
- The central bank digital currency (CBDC) could be launched in the UAE and Saudi Arabia in the next two to five years
Business
Oman: Sohar Port increases production capacity by 14%
Production capacity touched 545,000 tons in the port’s free zone, where 45 countries have investments.
- The port posted a 168% increase in handling vessel-mounted mobile goods by the end of the second quarter
- However, it dealt with 2.3% fewer standard container units within the same duration
Business
Union Properties posts a total profit of AED 32 million in H1
The company witnessed a positive shift in many business activities in the UAE in general and in Dubai in particular,...
- Contributing most to the positive results was revenues from customer contracts.
- Financing costs witness a significant decrease of 32 percent in H1 compared to the same period in 2020.
Bank plays crucial role in funding sustainable future
"We continue to capitalize on the promising opportunities in this market through innovative offerings and solutions, while strengthening our substantial...
Business
Company News
Novartis Q1 profit at $2.3bn
Business
Latest News
ADB operations cross $20bn
Economy
Sharjah posts $149 million in first half realty transactions
Sharjah, UAE -- Sharjah real estate sector recorded deals worth AED549.4 million ($149.5 million) for the first half of 2023,...
Business
200 digital companies participate in Dubai Chamber’s China roadshow
Dubai, China - The roadshow of Dubai Chamber of Digital Economy across five cities of China saw the participation of...
Economy
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Business
Multiply Group Q2 2023 profit is $108m
The group's public market portfolio stands at $9.1bn.
- The profit from Multiply Group’s operating entities witnessed a surge of 33.6% in Q2 2023, compared to the same period last year
- Multiply Group is seeing more value accretive acquisition opportunities emerge globally across its operating verticals and investment arm
Business
KNPC exports first shipment of 95 octane motor fuel to Europe
Kuwait City, Kuwait--The Kuwait National Petroleum Company (KNPC) has exported the first shipment of 95 octane motor fuel and low-sulfur...
- The deputy CEO of the company said that the first shipment was loaded on board the oil tanker Pacific Sarah from Mina Al-Ahmadi
- He said the shipment was dispatched in close cooperation and coordination with Kuwait Petroleum Corporation's international marketing sector
Business
Saudia Cargo signs deal with Jan de Rijk
It will enable Saudia Cargo to widen network in Europe.
- As per the terms of the deal, Saudia Cargo will use Jan de Rijk's extensive trucking network to shore up its operations in Europe
- Set up in 1971, Jan de Rijk Co, is a leading provider of European transportation, distribution services, and supply chain management solutions