SCC committee discusses issues related to Sharjah’s economy and tourism
SHARJAH, UAE - The Financial, Economic and Industrial Affairs Committee of Sharjah Consultative Council (SCC) held a meeting to discuss...
Business
Saudi holdings of US Treasuries surge to $131.9b in December 2023
ABU DHABI, UAE - Saudi Arabia’s holdings of US Treasuries reached US$131.9 billion in December 2023, up $3.8 billion month-on-month,...
Economy
Daewoo unit lands $634m Qatar fixed platform contract
Korean-origin Daewoo Shipbuilding & Marine Engineering has received an order worth KRW725.3 billion ($633.6 million) for a project in Qatar
Kuwait working on law to tap a $700-bn fund to help balance budget
Kuwait Investment Authority, which manages the fund, expects the fund's durability will not be affected by withdrawals
Dubai’s most expensive villa rental signed for $1.06 million
Dubai likely saw its most expensive villa rental deal, with a villa on Palm Jumeirah being rented annually for AED...
Hoping to defy Covid-19 anxiety, Egypt to restart flights to Africa
In a meeting with EgyptAir officials, the country’s civil aviation minister stressed for promoting the airline’s sales in light of...
Trade between UAE, Bahrain vaults 75% to $672 million in Q2
Only Saudi Arabia traded more with Bahrain, with the total value reaching $781 million during the quarter Oman was followed...
Expo 2020: Tickets on sale, 50 winners of a lucky draw to attend the opening ceremony
UAE residents above 18 who purchase Season Pass or Family Package before Aug. 15 eligible for entry into the raffle
UAE at Tashkent conference: infrastructure key driver for investment
UAE energy and infrastructure minister Suhail bin Mohammed Al Mazrouei praises Uzbekistan for attracting investment and developing the country's infrastructure
Halliburton wins chemicals services contract in Oman
Halliburton has signed a contract to provide production chemicals and associated services for a large international oil company in Oman
Ipsen expands into MEA with UAE headquarters
The French pharmaceutical firm has inaugurated its new regional headquarters in Dubai.
Versace opens new boutique at Galleria Al Maryah Island
Versace has opened a boutique at the Galleria Al Maryah Island, where it will showcase the Pre-Fall 2021 collection
SCC committee discusses issues related to Sharjah’s economy and tourism
SHARJAH, UAE - The Financial, Economic and Industrial Affairs Committee of Sharjah Consultative Council (SCC) held a meeting to discuss...
Business
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Tesla earnings rise to $2.7bn
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Business
GCC project awards surge by 86% to $49.7bn in Q2
The highest quarterly project awards value in over five years showcases the region's determination for diversification, and reflects the strength...
- The highest quarterly project awards value in over five years showcases the region's determination for diversification, and reflects the strength of GCC economies
- Saudi Arabia leads as GCC's largest projects market, while the UAE experiences a 127 percent surge, reaching US$12.2bn in the second quarter of 2023
Business
VMware takeover by Broadcom okayed
Broadcom is seeking to expand into the software market.
- The Competition and Markets Authority said the deal "would not weaken competition in the supply of critical computer server products".
- The CMA in March said the deal could harm innovation and drive up the cost of computer parts used by key clients including banks, retailers and telecoms.
Business
Turkey, UAE sign agreements worth over $50bn
Earlier this year, the two countries signed a Comprehensive Economic Partnership Agreement with the aim of boosting trade to $40...
- The non-oil intra-trade between the two nations amounts to over US$103 billion from 2013 to 2022.
- This includes imports valued at US$56 billion, exports exceeding US$35 billion, and re-exports totaling over US$12 billion.