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
ADNIC H1 net up 31.1 percent to $67m
Gross written premiums for the H1 of 2021 rise by 4.2 percent to AED 2.67 billion.
- Gross written premiums for the first half of 2021 increase by 4.2 percent to AED 2.67 billion.
- ADNIC’s net investment and other income increased by 58.3 percent to AED87.3 million for the six-month period.
Business
Drug firms urged to seek UAE advance nod for products
This will allow health authorities a pre-study of the file to issue the marketing approval in the UAE for innovative...
- Factories in UAE can start manufacturing procedures and apply for marketing approval for similar products
- Local manufacturers can market their products in the UAE soon after expiry of the protection period for innovative products
Business
New flights from Baghdad to Abu Dhabi
The inaugural flight of Iraqi Airways landed at Abu Dhabi International Airport on August 7.
- The inaugural flight, operated by Iraqi Airways using Boeing 737-800 aircraft, landed at Abu Dhabi International Airport on August 7
- Iraqi Airways will start by operating one flight per week and will then increase its number of flights to two a week
Business
Ajman Free Zone adds 867 companies in H1
Ajman Free Zone (AFZ) has registered a growth of 35 per cent in the number of new registered companies during...
- Health sector registers 84 percent growth in the number of new companies.
- 70 percent growth in Chinese retail market while the number of AFZ’s key partners rises to 48.
Business
Bahrain invites bids for BIA Cargo Express Village project
The request for proposal has come from the Bahrain Airport Company, with the deadline for submitting the bids being September...
- The work includes the construction, testing, and commissioning of Phase 1-A of the Cargo Express Village
- Bids will be open to only Grade A and Grade AA building contractors registered with the Bahrain’s Ministry of Works
Business
Dubai Economy issues 3,243 trader licenses in H1
Trader License enables freelancers and start-ups to conduct businesses online and across social networking accounts.
- Trader License enables freelancers and start-ups to conduct businesses online and across social networking accounts.
- Males account for 63 percent of the licenses issued and IT tops the list of activities.
Business
Aramco net income rises to $25.5 billion in Q2
Higher oil prices and a recovery in demand, easing of COVID-19 curbs, vaccination campaigns, stimulus measures, and accelerating activity in...
- The company announces a dividend of $18.8 billion.
- Higher oil prices and a recovery in worldwide demand, easing of travel restrictions drive the rise in income.
MG Cars unveils first ever all-electric SUV in Qatar
The electric car is capable of travelling for 335km NEDC on a single battery charge
- Stylish, compact SUV is first pure electric model from MG in the Middle East
- The electric car is capable of travelling for 335km NEDC on a single battery charge
Economy
Retail coffee prices rise as frost hits Brazil produce, freight costs go up
Arabica coffee on the ICE Futures US exchange has doubled in price over the last 12 months
- The Covid-19 which caused shipping logjams has also contributed to cost escalation by pushing the freight costs to record levels
- Arabica coffee on the ICE Futures US exchange has doubled in price over the last 12 months
Aramco likely to post bumper profit for Q2
Aramco is expected to post a bumper profit for the second quarter of this fiscal on the back of high...
- Bank of America predicts a net profit of $24 billion in the second quarter, up 16 percent from the previous three months
- JPMorgan estimates $23.7 billion, while Alrajhi Capital is expecting Aramco to report $25.3 billion
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
Company News
Latest News
Burjeel to operate Al Dhannah Hospital
Al Dhannah Hospital in Al Dhafra region is owned by ADNOC.
Business
Twitter to be renamed X
Its parent firm has been named the X Corporation.
Abu Dhabi Maritime signs MoU with ADNOC Distribution
It seeks to enhance emirate's coastal and marine locations.
Business
Most Read
Business
Twitter website replaces bird logo with X, rebrand yet to be finalized
The social media network's website showed the company's new logo, but its URL was still showing as twitter.com and the...
- Twitter has been using avian branding since its early days, when it bought a stock symbol of a light blue bird for $15.
- Musk changed his profile picture late Sunday to the company's new logo, which he described as "minimalist art deco,"
Infographics
Strong growth key to GCC’s FDI appeal
Saudi Arabia has reentered into this year's Kearney FDI Confidence Index, which ranks the markets likely to attract the most...
- The optimism stems from strong economic growth, which is expected by IMF to reach 3.6% in 2023, higher than the global average of 3.3%.
- The GCC region is especially ripe for FDI, as the high demand for oil and gas is expected to continue to spur the growth of economies in the region.
Business
PIF establishes company for developing Ajwa dates products
Riyadh, Saudi Arabia -- Saudi Arabia's sovereign wealth fund, the Public Investment Fund, announced Sunday it has established Al Madinah...
- MHC will focus on promoting and distributing Ajwa dates both locally and internationally in addition to other date varieties to meet growing global demand.
- The company will also contribute to the wider development of sustainable agriculture in the Madinah region through the adoption of the latest agricultural technologies.