Abu Dhabi launches technology investment company MGX
ABU DHABI, UAE – The Artificial Intelligence and Advanced Technology Council (AIATC) announced on Monday the creation of MGX, a...
Business
Business
Dubai launches unified electronic platform for building permits
The Dubai Building Permit Development Committee has completed the unified electronic platform for building permits, which includes building permit services...
- The platform is set to provide distinguished services to consultancy offices and contracting companies, according to a statement.
- The window includes building licensing services of Dubai Municipality and Dubai Development Authority among others.
Business
UAE brings in new classification system for private sector
A new classification system for companies in the private sector came into force on Wednesday, according to the Ministry of...
- The new system depends on the extent of companies’ compliance with the law and Wage Protection System and workers’ rights protection
- The classification offers incentives to companies that commit to the prescribed laws and policies on promoting cultural and demographic diversity
Arts & Culture
Disney+ releases a sneak peek at the content line up for MENA region
Disney+ has finally unveiled an extensive sneak peek at the line-up for the Middle East and North Africa (MENA).
- Disney+ has finally unveiled an extensive sneak peek at the line-up for the Middle East and North Africa (MENA)
- Disney+ is the dedicated streaming home for movies and shows from Disney, Pixar, Marvel, Star Wars, and National Geographic, along with The Simpsons and much more
Interview
Are casinos a haven for money laundering?
Casinos often prefer to close their eyes to how clients finance their bets, allowing their tables to become conduits for...
- Martini said that casinos have been willing to turn a blind eye and not do extensive checks on their customers
- She said that dirty money earned from illegal activities can be brought into casinos and no one asks any questions
Business
Global chip shortage likely to last through 2023: US official
The global shortage of critical semiconductors is likely to last at least through next year and perhaps longer, US Commerce...
- Dozen of CEO's including chipmakers met with Gina Raimondo to discuss shortage and all agreed that ''possibly in early 2024 or before we'll see real relief''
- US Commerce Secretary repeated her call for Congress to act to provide funding for legislation that aims to stimulate domestic manufacturing of the computer chips
Business
UAE, Saudi Arabia set new halal economy goals for GCC
Beside halal food business, Islamic banking holds the largest share of the Sharia-compliant industry, says Nik Joharris Nik Ahmad, country...
- The expansion of the global halal industry has resulted in a steady increase in its market size from $3.2 trillion in 2014 to $5.6 trillion in 2021
- Stringent regulatory norms, including mandatory halal labeling and certification rules for food and beverages, are propelling the market growth
Economy
Jordan’s oil expenditure up by nearly 50 percent in Q1 2022
Jordan's oil bill went up by 49.1 percent in Q1 2022, compared to the same period in 2021, the Department...
- The value of the oil bill in Q1 2022 increased to JD761 million compared to JD510 million in the same period of 2021.
- Jordan’s crude oil import amounted to JD126 million, followed by gasoline with JD142 million and kerosene with JD9 million.
Business
ADX lists GFH Financial Group
The listing is set to expand GFH’s investor base and boost its share liquidity.
- This is GFH’s fourth regional listing with its shares already listed and actively traded on the Bahrain Bourse, Boursa Kuwait and the Dubai Financial Market
- The listing of GFH Financial Group on Abu Dhabi Securities Exchange brings the number of dual listings on the exchange to four
Business
Saudi Arabia, Seychelles to expand cooperation in tourism sector
Saudi Arabia and Seychelles will form a partnership to boost cooperation and exchange expertize in tourism sector which includes planning,...
- Saudi’s tourism ministry signed an MoU with the Ministry of Foreign Affairs and Tourism of Seychelles.
- The MoU aims at supporting the efforts of tourism institutions and associations via holding conferences.
Business
‘GCC businesses must adapt to latest digital changes’
Firms must have a specific and clear target list. What applies to real estate won't necessarily succeed in the automotive...
- Firms in the region must have a specific and clear target list. What applies to real estate won't necessarily succeed in the automotive sector, says 199X MD Khaled El Masry
- All industries must be online with right content that can target right audience. What applies to real estate won't necessarily succeed in the automotive sector, he adds
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Abu Dhabi launches technology investment company MGX
ABU DHABI, UAE – The Artificial Intelligence and Advanced Technology Council (AIATC) announced on Monday the creation of MGX, a...
Business
Company News
Waha Capital H1 2023 profit up 221%
Business
Latest News
Black Cobra signs MoU with OSTIM
Business
Saudi Jisr raises $30m investment from Merak Capital
Riyadh, Saudi Arabia - Jisr, the largest platform for digitizing human resources operations in Saudi Arabia, has closed an investment...
Business
Arab Development Establishment looks for JV partnerships in oil, gas sector
Abu Dhabi, UAE-- The Arab Development Establishment (ARDECO) has revealed that it is in talks with several international companies in...
Business
Most Read
Business
Endava to widen UAE operations
It will join the UAE's FDI program to expand footprint.
- It has a global workforce of more than 12,000 scattered all over the world in Europe, North and South America, Asia and the Middle East
- Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, said the UAE's partnership with Endava is a milestone for the NextGen FDI initiative
Business
Masdar City, ADAFZ sign MoU
The two free zones will collaborate to grow businesses.
- Masdar City Free Zone companies that establish operations within ADAFZ will have the opportunity to lease warehouse and manufacturing space
- The collaboration will help improve synergies and strategic partnerships between Abu Dhabi Free Zones and grow the free zone ecosystem in the emirate
Business
Fintech innovations reshape GCC’s banking landscape
The region's fintech growth, fueled by a tech-savvy populace, robust regulations, and digital adoption, is drawing global focus, heralding the...
- The GCC countries are rapidly emerging as a leading fintech hub, revolutionizing traditional banking and financial services across the region
- The region's fintech growth, fueled by a tech-savvy populace, robust regulations, and digital adoption, is heralding the future of financial services