TAQA, JERA sign pact with SATORP to develop plant in Saudi ArabiaÂ
ABU DHABI, UAE – Abu Dhabi National Energy Company (TAQA), together with JERA Co., Inc on Thursday announced that they...
Business
Abu Dhabi Chamber and UAEIIC team up to boost investment
Abu Dhabi, UAE--The Abu Dhabi Chamber of Commerce and Industry has signed an agreement with the UAE International Investors Council...
Business
Business
HDFC Bank of India to merge with parent, forming $237bn company
India's largest private bank will merge with its largest mortgage lender to form a $237 billion financial giant, both companies...
- HDFC Bank will absorb its parent company, the Housing Development Finance Corporation (HDFC), in what will be one of the country's biggest-ever merger deals
- The twin firms together manage assets worth 25.61 trillion rupees ($339 billion) and had a combined balance sheet of 17.87 trillion rupees at the end of last year
Economy
UAE announces $2m prize for startups in agritech innovation
The UAE has announced a prize of up to $2 million for startups that can offer technology innovations to transform...
- The FoodTech Challenge is organized by the UAE Ministry of Climate Change and Environment and Tamkeen.
- It is targeted at early-stage start-ups, ranging from international university-based research teams to individual entrepreneurs and small firms.
Business
Industries Qatar, Mesaieed Petrochemical Holding to establish PVC plant
Being the first PVC plant in Qatar, the project aims to position Qatar as a new regional player in the...
- Being the first PVC plant in Qatar, the project aims to position Qatar as a new regional player in the PVC production
- The plant will not only boost private sector industrial investments, but also provide a home-grown source of PVC
Business
76.5% of firms in Dubai recorded growth during Expo 2020: Report
Dubai Chamber of Commerce facilitated 1,500 bilateral business meetings between UAE investors and their global counterparts, and received 1,746 visiting...
- Titled, 'Business Integration for Growth, Digital Transformation and Global Partnerships' the report was developed by the Chamber in collaboration with Oxford Business Group
- Dubai Chamber of Commerce organized 98 events during Expo 2020 Dubai, which were attended by more than 25,000 participants from over 130 countries
Arts & Culture
Players with disabilities score in the video game world
Hardware accessories are rare for players who have limited use of their hands.
- Mortal Kombat-maker NetherRealm Studios added audio to help blind gamers identify objects in the game
- Visual or audio features added in the recent release of Last of Us Part II and Marvel's Guardians of the Galaxy help players with disabilities
Economy
UAQ signs agreements to support blue economy strategy
The emirate of Umm Al Quwain has signed a series of agreements to enhance cooperation and partnership to achieve its...
- In 2017, the World Bank defined blue economy as the ‘sustainable use of ocean resources for economic growth, improved livelihoods, and jobs’
- The aim of UAQ’s Sustainable Blue Economy Strategy is to enhance investment attractiveness while developing the natural, cultural, and human wealth
Economy
Jordan saw its GDP grow 2.2% in 2021 as compared to 2020
The numbers come from a quarterly statistical report released on Sunday by the Department of Statistics.
- The country’s GDP inched up by 2.6 percent in the fourth quarter of last year compared to the same period in 2020
- The construction sector expanded 6.1 percent in the reporting period, followed by the extractive industries at 5.6 percent
Interview
Empowering women with brands, drama therapy
Women from different countries across the Arab world face different challenges based on their situations, Kuwaiti Princess Sheikha Intisar tells...
- Kuwaiti Princess Sheikha Intisar Salem Al Ali Al Sabah remains optimistic about the road ahead for the Arab world
- She gives a royal touch to philanthropic and entrepreneurial initiatives to promote education, women empowerment and human rights in the region
Business
Saudi Venture Capital and Flat6Labs launch $40m seed fund
Saudi Venture Capital and Flat6Labs have teamed up to launch a $40 million startup seed fund.
- During the next three years, the fund aims to back startups with growth potential, and provide over 20 startups each year with seed capital
- The fund’s size, which is around SR150 million ($40 million), will be utilized in the investment of early-stage startups operating in the technology and innovation sectors within S
Business
France donates $5.5m to Jordan for a development project
The Jordan Education for Employment (JEFE) organization and the French Development Agency on Saturday signed a grant agreement worth 5...
- The refugees will be provided training and financial services as per the agreement
- Both parties on Saturday signed a grant agreement worth 5 million euros to launch the project
TAQA, JERA sign pact with SATORP to develop plant in Saudi ArabiaÂ
ABU DHABI, UAE – Abu Dhabi National Energy Company (TAQA), together with JERA Co., Inc on Thursday announced that they...
Business
Company News
Latest News
Global economic concerns hit GCC equity performance
Influenced by global inflation concerns and high rates, Gulf markets faced second consecutive monthly dip in September. Only Dubai and...
Market Report
Abu Dhabi’s non-oil economy up by 12.3 percent in second quarter
Statistical estimates published by the Statistical Centre Abu Dhabi said the construction sector grew by 19.1 percent in the second...
Economy
Saudi Arabia issues 162 licenses to companies relocating hqrs to the Kingdom
Riyadh, Saudi Arabia - Saudi Arabia has so far issued 162 regional center licenses to the companies relocating their headquarters...
Business
Most Read
Ubisoft banks on a reset with latest ‘Assassin’s Creed’
The latest entry in the wildly popular "Assassin" franchise is released Thursday, to be followed in December by a game...
- The latest entry in the wildly popular "Assassin" franchise is released Thursday, to be followed in December by a game based on the hit "Avatar" films
- Taking no chances, the group is launching "Mirage", set in ninth-century Baghdad, at 50 euros ($53) instead of the 70 euros often set for new titles
Business
Trump business empire under threat as fraud trial opens
Donald Trump intends to be present for the start of the trial on Monday morning as a civil fraud trial...
- Trump, in addition to the civil case, also faces several major criminal proceedings in the months ahead
- His children Eric, Don Jr. and his oldest daughter Ivanka are also likely to present their own testimony
Business
Dubai Chamber of Digital Economy to host global tech firms at Expand North Star
Dubai, UAE--Dubai Chamber of Digital Economy is all set to welcome the global business community to Expand North Star, the...
- The participants will assemble at Dubai Harbour from 15th - 18th October 2023, connecting the world's most sought-after startups with innovators and investors
- The event will host more than 1,800 startup exhibitors from over 100 countries and nearly 1,000 investors with a combined total of over US$1 trillion under management