Ajman records real estate transactions worth US$195m in February
AJMAN, UAE – Director-General of Ajman’s Department of Land and Real Estate Regulation Eng. Omar bin Omair Al Muhairi said...
Business
Business
SACC picks board heads
It has also formed several panels that will function for three years.
- The SACC has said Mohammed Abdulaziz ‎Al Sarhan, an independent member, has been appointed chairman ‎of the Board of Directors‎
- It also announced the appointment of Raed Ibraheem Al Mudaiheem, another independent member, as the Vice-‎Chairman of the board‎
Business
Dubai sees weeklong real estate transactions worth $1.33bn
This was the result of a total of 1,724 transactions, according to figures released by the Dubai Land Department.
- A total of 139 plots were sold for AED784.14 million ($213.52 million) in Dubai
- In addition, 1,172 apartments and villas were sold for AED2.73 billion ($743.36 million)
Business
Fun sector: Leisure puts UAE economy at ease
Estimations by the Middle East and North Africa Attraction and Leisure Council (MENALAC) put the number of leisure centers in...
- The leisure and entertainment sector in the UAE is considered to be one of the most dynamic markets in MENA
- Around 400 leisure centers operate in the UAE, employing more than15,000 workers
Business
Jordan’s trade with US touches $1.384bn in 2021
Jordan was the first Arab country to sign a free trade agreement (FTA) with the United States in 2000.
- The President of the American Chamber of Commerce in Jordan (AmCham) Mohammad Batayneh said in a statement
- He added that Jordan's exports during the first 11 months of 2021 nearly reached $2.5 billion, compared to $1,120 billion in imports
Business
DEWA to sponsor Dubai Award for Sustainable Transport
Dubai Electricity and Water Authority (DEWA) will be the strategic sponsor of the 12th Dubai Award for Sustainable Transport. The...
- Saeed Mohammed Al Tayer, MD & CEO of DEWA highlighted DEWA’s support for all efforts to enhance sustainable transport in the UAE and abroad
- This consolidates Dubai’s position as a global capital for a green economy and achieves sustainable development to ensure a brighter future
Analysis
Disney takes on OTT platforms with MENA expansion
Netflix currently rules the roost in the Middle East. Therefore, the Disney+ expansion should be a clarion call for regional...
- The Disney launch covers almost all of the Middle East and good chunks North Africa
- In all, Disney+ is expanding to 42 countries and 11 territories in the EMEA region
Business
Applebees, IHOP in UAE soon
The first location is scheduled to open in Dubai later this year.
- Dine Brands International is set to open multiple Applebee's Neighborhood Grill + Bar and IHOP restaurants in the UAE
- The first location will open in Dubai later this year through an agreement with established IHOP Franchisee
Business
Saudi Arabia looks to increase trade exchange with Iraq
The Saudi Export Development Authority organized a meeting of a group of Iraqi and Saudi businessmen to discuss opportunities for...
- The volume of exports of foodstuffs and construction constitutes about 60% of the total volume of the Saudi exports to Iraq
- Saudi Arabia imports aluminum scrap as well as iron scrap and some foodstuffs such as dates and rice from Iraq
Business
Morocco: Overall port traffic up 11.6% in 2021
Moroccan ports have recorded a significant evolution of overall port traffic, which has risen from 172.1 million tons in 2020...
- The maritime and port sectors have overall shown great resilience to the Covid-19 pandemic
- The transshipment accounted for 41.9 percent of overall traffic, followed by imports of 33.3 percent
Business
Vaccine patents accord possible in weeks, says WTO
Developing countries lagging in vaccinating their populations have been pushing for waivers on the patents on Covid-19 vaccines.
- The vaccine accord will pe possible after the EU-African Union summit on February 17-18 in Brussels
- Access to vaccine can be improved by lifting as far as possible restrictions to their distribution, says French minister
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Russia’s largest bank launches new services in Iran
Tehran, Iran--Russia’s largest lender, SBERBANK, is presenting a new service that allows its clients to transfer money to the Islamic...
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...
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...
Business
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Business
Russia’s Sberbank launches new tourism-oriented services in Iran
Tehran, Iran -- Russia’s largest lender, SBERBANK, is presenting a new service that allows its clients to transfer money to...
- According to Sber, ruble transfers will be sent to the Iranian Pasargad Bank with the standard commission for international transactions of 1 percent. Â
- Last December, Russia’s second-largest bank VTB launched a similar service in Iran and later in May it opened a branch in the country.
Economy
Iran receives US$6.7bn foreign investment in May 2023 EXPO, says official
TEHRAN, IRAN - Foreign companies and governments committed some US$6.7 billion worth of investments during an exhibition that was held...
- The Iranian diplomat said that his country has an ambitious vision to diversify its economy away from crude oil revenues.
- He said that this includes expanding the transportation infrastructure in Iran to significantly increase its cargo transit revenues.
Economy
Global rice prices hit 15-year high after India curbs: FAO
Rice is a major world food staple and prices on international markets have soared in the wake of the Covid...
- The consumer affairs and food ministry said at the time that the move would "ensure adequate availability" and "allay the rise in prices in the domestic market".
- The ban was expected to hit African nations, Turkey, Syria and Pakistan, all of which were already struggling with high inflation, data analytics firm Gro Intelligence said.