Vodafone sells Italian unit to Swisscom
British telecoms giant sold the business for US$8.7 billion.
Business
Former US treasury secretary says preparing buyout of TikTok
Washington, US - Former US Treasury Secretary Steven Mnuchin on Thursday said he is putting together a team of investors to...
Geostrategy
Business
Top oil producers to discuss high crude prices
Analysts expect that this meeting will decide to boost output by 400,000 barrels per day in March, in line with...
- The 13 members of OPEC along with their 10 allies convened by video conference to set output
- Russian invasion of Ukraine will halt export of natural gas to Europe and prices would be much higher
Business
Arab countries offer Iraq to set up industrial cities
Iraq signed the first agreement to build an economic city with Jordan.
- Iraqi ministry revealed that it has received several offers from Syria, Jordan, Saudi Arabia, Iran and Kuwait to build industrial cities in the country
- The first contract was signed in the holy Karbala for the construction of an industrial city specialized in petrochemicals and engineering
Arts & Culture
In food world, debate rages about recipe plagiarism
There have been calls on some food blogs to end plagiarism, with explicit instructions on how to correctly credit the...
- There have been calls on some food blogs to end plagiarism, with explicit instructions on how to correctly credit the work of another chef
- When chefs do look to the US courts for relief, the chances of getting recognition of their copyright or a monetary settlement are seen as remote
Business
Abu Dhabi Maritime to control ferry services functioning in Emirates
The organization is integrating the Ferry Operations Branch of the Integrated Transport Center under the scope of its services.
- The move will see Abu Dhabi Maritime manage and oversee the daily operation of the emirate’s two major ferry lines
- The organization will also drive the development of several key business areas associated with ferry operations
Geostrategy
UAE deputy PM attends ‘Arab Gulf Security 3’ exercise in KSA
Deputy Prime Minister and Minister of the Interior of the UAE Lt. General Sheikh Saif bin Zayed Al Nahyan attended...
- Participants in the exercise implemented security scenarios in detail, which has proven the success of this joint GCC mobilization
- Increasing the level of coordination, readiness, and preparedness among security forces were also discussed in the exercise
Dubai Academic Health Corporation embarks on four-pronged future plan
The Dubai Academic Health Corporation has agreed on four bases as a part of its strategic plans and future goals....
- The four bases of the strategy are Care, Learning, Discovery, and Giving and Stewardship.
- The strategy was discussed at the fourth Board of Directors meeting of the Dubai Academic Health Corporation.
Business
UAE and Australia discuss ways to strengthen bilateral relations
The deliberations were held during a meeting between Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International...
- Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, met with David Hurley, the Governor-General of Australia, at Expo 2020 Dubai.
- The two sides reviewed Australia's participation in Expo 2020 Dubai and the role played by this international event.
Videos
Eight biggest GCC sovereign wealth funds
Sovereign wealth funds across the world invest trillions of dollars into real estate, bonds and other assets. TRENDS takes a...
- More than $1.3 trillion of funds are managed by some of the biggest sovereign wealth funds in the GCC.
- These funds invest in global real estate, financial assets, bonds and private equities.
Business
Jazeera airways to buy 28 Airbus aircraft for $3.4bn
Jazeera Airways of Kuwait has placed an order for 28 Airbus aircraft worth $3.4 billion, according to media reports.
- The airline also signed another agreement to purchase two aircraft engines with an accumulated worth of $32.3 million to aid the firm’s operations
- The airline said that while there is no current financial impact on its operations, both agreements are anticipated to bring about a positive impact on the corporation
Business
Spend a night under stars in these trendy Dubai destinations
Overnight camping is one of the popular activities people indulge in during winters in Dubai. The city has several unique...
- Glamping or glamorous camping at the Damani Lodges or Sedr Trailers are exquisite options for a mountain escape, with barbecues and starry skies.
- Expo 2020 Lake is a must-visit destination for those looking for a camping adventure in the middle of the desert.
Vodafone sells Italian unit to Swisscom
British telecoms giant sold the business for US$8.7 billion.
Business
Company News
ADIB, ADIO to fund businesses
Business
PIF to set up pharma firm Lifera
Business
Latest News
Jordan-ASEAN Economic Forum to be held in March 2024, says ACC
AMMAN, JORDAN - Chairman of the Amman Chamber of Commerce (ACC) Khalil Haj Tawfiq said the Jordanian Economic Forum with...
Business
Data, rail, electricity key focus as G20 eyes EU-Middle East-India trade plan
Major G20 partners are set to unveil ambitious plans on Saturday to enhance trade among India, the Middle East, and...
Economy
Most Read
Business
Alif debuts in the UAE with Alif pay launch
Dubai, UAE - Alif, a Central Asian fintech leader, is expanding its presence into the United Arab Emirates (UAE) with...
- Among the services that Alif Pay will introduce in the UAE are "Send Now Pay Later," a payroll platform, a travel prepaid program, "Buy Now, Pay Later"
- According to data from the World Bank, outward remittances from the UAE reached an impressive $47.54 billion in 2021, with expectations of continued growth
Business
Dubai real estate sales up despite price rise since January 2020
Dubai, UAE – The Dubai Land Department (DLD) reported over 3,200 transactions worth AED 24.7 billion last week and this...
- Research show real estate transactions soared by 44 percent in the first six months of 2023 with nearly 60,000 units being sold.
- Several industry analysis indicate that the real estate sector in the emirate will observe growth of approximately 15 percent in 2024.
Business
Qatar realty market trading volume $277 million in August
Doha, Qatar -- Qatar real estate market recorded deals worth QR1.011 billion ($277 million) in the month of August 2023,...
- The real estate market index for the month of August revealed that the financial value of Doha municipality's transactions amounted to QR 290 million.
- Of the 10 most expensive properties sold in the month, Doha accounted for seven and Al Rayyan, Al Wakrah and Umm Salal one each.