Iraq now gas self-sufficient, paves the way for surplus exports
Iraq has now become self-sufficient in liquid gas and the surplus is usually exported abroad, strengthening the Iraqi economy.
Business
As ‘news deserts’ spread, US journalism fights on
Baltimore, United States - Baltimore Banner reporter Matti Gellman is first to leap in with questions during a recent press appearance...
Business
Business
Masdar City, DANA to develop beta site for agritech
Masdar City, DANA, beta site, agritech, pilot projects, greenhouses, net houses, open field farming, water scarcity, irrigation, greenhouse cooling, soil...
- Masdar City, DANA sign MoU to help contribute to agritech sustainability
- MoU to help UAE in meeting objectives as per National Food Security Strategy 2051
Economy
Ajman Free Zone stresses on SEZs in business growth
Ajman Free Zone stresses on the importance of Special Economic Zones and their impact on businesses from various perspectives.
- Ajman Free Zone highlights the importance of Special Economic Zones during a time of crisis
- The Free Zone discusses SEZs in driving up skill levels and technological advancements in a region
Business
Emirates Steel Arkan, ADU to set up UAE’s first specialized metallurgy lab
Emirates Steel Arkan Group, the UAE’s largest listed steel and building materials company, has signed a Memorandum of Understanding (MoU)...
- The laboratory will contribute to enriching the educational experience in this discipline and conducting advanced studies and research in metallurgy.
- Emirates Steel Arkan Group will offer comprehensive scholarships to 20 undergraduate Emirati students covering the four-year study.
Business
New twist in Twitter deal, Musk may withdraw the bid
Elon Musk threatened Monday to withdraw his bid to buy Twitter, accusing it of failing to provide data on fake...
- Twitter had failed to respond to Musk's valid inquiry about fake accounts, said Musk's attorney
- According to Musk, the real number of bots may be four times higher than Twitter estimates
Business
Brothers held in UAE on graft charges face extradition to S.Africa
Two Indian-born brothers who allegedly wove a web of corruption across South Africa have been arrested in Dubai and face...
- Dubai police confirmed the arrest of Atul and Rajesh Gupta after receiving a so-called red notice from Interpol
- They were accused of paying bribes in exchange for massive and lucrative state contracts and influence over ministerial appointments
Business
Jordan govt, SJIF ink $400m healthcare agreement
Jordan Prime Minister Khasawneh said the healthcare project serves as a launchpad for future investments mentioned in the Jordan Investment...
- Jordan Prime Minister Khasawneh said the healthcare project serves as a launchpad for future investments mentioned in the Jordan Investment Fund Law
- The project will be based on a BOT model, as ownership of the project will be transferred to the Jordanian Government after the end of the investment period
Business
Apple unveils message recall, other ‘wish list’ features
Apple opened Monday its first in-person developers conference since the onset of the pandemic with chips, maps and a way...
- Apple chief Tim Cook and his team showed off coming innovations during a keynote presentation
- No updates, however, were forthcoming on a rumored virtual reality operating system or hardware.
Business
More MENA businesses now swipe virtual credit cards
Local lenders are offering more services online to cater to a young, tech-savvy consumer base, speeding up the transition of...
- The region's digital payments business has been booming as local lenders move more services online to serve tech-savvy youthful consumers
- MENA's high concentration of fintech and digital payments technology has increased the use of virtual cards
Business
Jordan’s exports from Jan-May 2022 hit $478 million
Amman Chamber of Commerce (ACC) said that the total value of exports during the January-May period 2022 amounted to JD339...
- Number of Amman Chamber of Commerce certificates of origin issued during the past five months of 2022 reached 10,879.
- ACC issued 2, 269 certificates of origin to export goods to Saudi Arabia and 1508 certificates to the UAE.
Business
Qatari businessmen to explore investment opportunities in Egypt
The Qatari Businessmen Association discussed investment cooperation with Mohamed Abdel-Wahab, CEO of Egypt’s General Authority for Investment and Free Zones....
- Chairman of the Qatar Businessmen Association's Board of Directors Sheikh Faisal bin Qassim Al-Thani stressed upon economic cooperation between the two countries.
- He said there are multiple mutual economic opportunities between Qatar and Egypt to develop their cooperation in the trade and investment sectors.
Iraq now gas self-sufficient, paves the way for surplus exports
Iraq has now become self-sufficient in liquid gas and the surplus is usually exported abroad, strengthening the Iraqi economy.
Business
Company News
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Dana Gas logs $83m net profit
Business
World Investment Forum 2023 ends with call for greater private and public investment
Abu Dhabi, UAE – UNCTAD's 8th World Investment Forum came to a close on Friday in Abu Dhabi with a...
Economy
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Business
Lebanon national carrier halves flights amid fears of Israel war
BEIRUT, LEBANON -  Lebanon's national carrier on Friday said it was cutting more than half of its flights as tensions along...
- Only eight of the Middle East Airlines company’s 22 planes would operate as of next week, with the rest of the fleet relocated to other airports.
- Other airlines, including Swiss International Air Lines and Germany's Lufthansa have already temporarily suspended Beirut flights,
Business
DCT signs MoU with Microsoft to transform Abu Dhabi tourism
Dubai, UAE -- The Department of Culture and Tourism - Abu Dhabi (DCT Abu Dhabi) and Microsoft have signed an...
- Activities under the MoU will also drive growth, foster innovation and enhance knowledge among DCT Abu Dhabi employees.
- The MoU spans across the optimization, automation, and modernization of IT and security infrastructure and will be enabled by Microsoft’s cloud computing platform Azure.
Business
Air Arabia launches non-stop flights between UAE’s Sharjah, Egypt’s Giza
SHARJAH/ ABU DHABI, UAE - Air Arabia announced the launch of a new route operating between Sharjah and Giza city...
- The non-stop flights will connect Sharjah International Airport with Giza and will have a frequency of five weekly flights.
- British Airways announced that it will launch daily flights from London to Abu Dhabi next year.