Doctors play key role in enhancing healthcare system
“Emirati doctors play a key role in enhancing the healthcare system and promoting health and wellness throughout society. We look...
Business
Arts & Culture
Saudi Arabia launches 40% cash rebate for film productions
The program provides big support to local, regional and international film producers to shoot their works inside Saudi Arabia.
- The program provides big support to local, regional and international film producers to shoot their works inside Saudi Arabia
- The commission called on Saudi and international production companies that are planning to shoot in the oil-rich kingdom to apply for the incentive program
Business
Cloudflare of US sets up shop in Dubai Internet City
With the entry of Cloudflare, a top-rated American content delivery network, into its rapidly expanding zone, Dubai Internet City has...
- Cloudflare announced Dubai as its first office in the Middle East to support its growing EMEA operations
- In 2021, Dubai led the world in attracting foreign direct investment (FDI) with a record number of 418 greenfield FDI projects
Economy
Three Saudi ports make world records on CPPI 2021
The CPPI is an indicator produced by the Transport Global Practice of the World Bank.
- The CPPI is an indicator produced by the Transport Global Practice of the World Bank.
- The King Abdullah Port ranks first on the list of 370 global ports, while Jeddah Islamic Port ranks eighth
Economy
UAE to fund interest on home loans for its nationals
The UAE has decided to fund interest on home loans obtained by its nationals from banks "to ensure economic well-being...
- Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, has revealed that the UAE Cabinet has endorsed a new policy for UAE nationals home finance
- The minister made the remarks in a briefing organized by the Ministry of Energy and Infrastructure, represented by SZHP
Business
Only football fans with match tickets to enter Qatar
Qatar will only let football fans with match tickets enter the Gulf state during the World Cup tournament, officials said...
- Akbar Al Baker, who is also tourist minister, said Qatar's Hamad International Airport and the older Doha International Airport would double capacity
- Qataris and legal residents will also be able to enter but authorities have yet to announce how business people will be processed
Business
Qatar Airways, Airbus look to settle billion dollar paintwork battle out of court
Qatar Airways and Airbus both said they wanted to settle a bitter billion dollar dispute out of court after the...
- A London high court judge agreed Thursday to the airline's demand for a speeded up trial schedule
- Qatar Airways launched legal action last year seeking damages and a full inquiry into the defective surface
Business
Agreement signed for new payment channels and services on AjmanPay app
Ajman’s Department of Finance (DoF) signed a cooperation agreement with First Abu Dhabi Bank (FAB) and Magnati to support the...
- This agreement is in line with Ajman government’s strategy of fostering strategic partnerships between the public and private sectors.
- It also complies with DoF’s efforts to develop innovative financial services that offer customers the facility to save their financial data.
Business
UAE and India to expand ties in renewable power, sustainable finance
India was the second-largest trading partner of the UAE in 2021 as it accounted for 9 percent of the total...
- The UAE and India agreed to expand bilateral cooperation towards accelerated climate action and implementation of the Paris agreement.
- The UAE’s cooperation with India in the area of climate aims to support India’s ambition to achieve 450 gigawatts (GW) of renewable energy.
Business
ACWA, OQ, Air Products sign pact
A green hydrogen-based ammonia production facility will be built in Oman.
- The Joint Development Agreement signing follows a memorandum of understanding signed in December 2021.
- The firms said in a statement that the project would be based on integration of renewable power from solar, wind and storage.
Business
ENBD REIT rental income down 19.7 percent
Occupancy of its portfolio up 80 percent in the year ending 31 March 2022.
- The firm's property portfolio value stood at $356 million, down 1.1 percent year-on-year whilst Net Asset Value was $167 million.
- The firm has proposed a final dividend of $5 million or $0.02 per share for the six-month period ending 31st March 2022, a 13.6 percent increase from the same period of 2021.
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Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
Company News
Latest News
Kazakhstan’s BSG Technology to set up business in UAE next year
Abu Dhabi, UAE-- Kazakhstan's BSG Technology is looking to expand its operations into the Middle East, and begin operations in...
Business
Rise in EVs drives Middle East toward greener future
A transformative shift is unfolding in the region as more people transition from gasoline-powered vehicles to electric ones, an in-depth...
Business
Rise in EVs drives Middle East toward greener future
A transformative shift is unfolding in the region as more people transition from gasoline-powered vehicles to electric ones, an in-depth...
Business
Most Read
Market Report
Markets slump as US jobs data says labor market buoyant
The focus has been on US Treasury bond yields that have surged to levels not seen in over a decade,...
- Asian indices also ended mostly lower with Hong Kong leading the decline, falling nearly 2.7 percent as the market reopened after a holiday weekend
- Russia's currency meanwhile continued to weaken on signs the country's economy is facing slower growth and higher inflation as the Ukraine war drags on
Business
Air France-KLM to buy stake in SAS
Air France-KLM will buy 19.9% shares of SAS.
- The group, along with the Danish state, will invest $1.175 billion in the airline, with Air France-KLM investing $144.5 million to buy the 19.9 percent holding.
- SAS filed for Chapter 11 bankruptcy protection in the US, an option available because of its operations there, in July 2022 as it reeled from Covid travel bans.
Business
ADNOC, Fertiglobe to pilot cost-effective modular carbon capture technology
ABU DHABI, UAE – ADNOC and Fertiglobe on Tuesday announced the pilot deployment of the world’s first cost-effective modular CycloneCC...
- The CycloneCC technology is designed to improve the economics of point-source carbon capture within industrial facilities.
- Traditional point source carbon capture technology relies on feeding gas through large absorption and stripping towers.