GCC emerges as a cryptocurrency investment hub
Driven by government initiatives, economic diversification and a tech-savvy population, the region is becoming a prominent center for cryptocurrency investment,...
Business
Zero trust remains an ongoing cybersecurity evolution
Achieving Zero Trust Data Resilience is not an overnight task but a journey requiring organizational alignment, continuous adaptation, and the...
Opinion
Analysis
UNWTO optimism to cheer up MENA tourism
While the likes of Egypt, Morocco, Tunisia, and Jordan depend heavily on tourism for revenue, the UAE and Saudi Arabia...
- UNWTO Executive Director Zoritsa Urosevic has said that the ‘future is bright’ for the tourism sector
- Tourists ‘will come back’ and the industry will recover from the pandemic because it is ‘very resilient,’ she said
Business
Spotify, Anghami vie for local talent in MENA
Anghami is developing social features that will enhance the listening experience of friends and family members and create communities on...
- Anghami is developing social features that will enhance the listening experience of friends and family members and create communities on the platform
- In the MENA region, Spotify has come up with a local team that understands the needs of regional music creators and listeners
Business
AWPT wins $52.17m Makkah contract
The company will manage all components of Zamzam water well.
- The company will manage, operate, and maintain the project’s facilities, which include all components of the Zamzam water well
- The move comes in line with AWPT’s strategic plan and objectives as well as Vision 2030 to develop all aspects of water sector
Geostrategy
UAE, Norway discuss cooperation, eye better relations
The UAE and Norway have discussed cooperation in relations between the two countries, said local media reports. The UAE Minister...
- The two sides reviewed a number of issues related to the work program of the UN Security Council, which is chaired by the Kingdom of Norway this month.
- The UAE Foreign Minister and the Norwegian counterpart also discussed the developments of the COVID-19 pandemic and the efforts to contain the virus.
Business
Investcorp acquires Resa Power
Resa serves over 6000 clients across the US and Canada.
- Investcorp’s partnership with Resa will focus on continuing the Company’s organic growth, expanding geographically across North America.
- Resa provides maintenance and testing, systems integration, and related distribution services to clients across the renewables, commercial markets in North America.
Business
DAFZ unveils “Talent Pass” license
The Dubai Airport Freezone (DAFZ) has launched the ‘Talent Pass’ license for freelance work (self-employment).
- The initiative is expected to further vitalize the business environment in the free zone and strengthen Dubai’s position as a global destination for innovators and talent
- The ‘Talent Pass’ qualifies its holder to obtain a residence visa for three years
Business
SCC’s committee endorses Sharjah Free Zones policy draft
The Sharjah Consultative Council (SCC) has approved its recommendations on the policy of the Sharjah Ports, Customs and Free Zones...
- The meeting was chaired by Ali Mehd Al Suwaidi, Chairman of the Sharjah Consultative Council
- The members of the Council also discussed the provisions of the recommendations and addressed a number of topics
Business
Dubai Free Zones Council mulls facilitating business bank accounts for SMEs
A meeting of the Dubai Free Zones Council (DFZ Council) on Sunday discussed how to facilitate opening business bank accounts...
- These bank accounts will be facilitated in collaboration with the UAE Banks Federation.
- Council members also highlighted their readiness to support the Emirati Human Resources Development Council in Dubai, which DFZ Council joins as a member.
Business
Study to look at green hydrogen alliance between UAE, UK
A new research paper will explore potential green hydrogen collaborations between the United Arab Emirates and the United Kingdom.
- The report, sponsored by HSBC, will seek to uncover mutual opportunities to accelerate the development of the respective clean hydrogen markets of the UAE and the UK
- Research for the report will include stakeholder meetings and workshops to test and validate findings
Business
Close to 1800 hybrid vehicles to join Dubai Taxi Corporation
Dubai’s Roads and Transport Authority (RTA) has signed a contract for the procurement of 2,219 new vehicles to enhance the...
- The total number of hybrid vehicles in Dubai Taxi fleet jumps to 4,105 vehicles, which constitutes 71% of the total number of taxis operated by the DTC
- The Strategic Plan of the Dubai Taxi Corporation (2021-2023) encompasses 51 initiatives based on key pillars highlighted by increasing the market share of DTC taxis from the existi
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GCC emerges as a cryptocurrency investment hub
Driven by government initiatives, economic diversification and a tech-savvy population, the region is becoming a prominent center for cryptocurrency investment,...
Business
Company News
Latest News
Qatar partners with African Civil Aviation Commission to boost cooperation
Nairobi, Kenya--African Civil Aviation Commission (AFCAC) and Qatar have signed a partnership agreement to strengthen cooperation in the aviation field....
Business
Sustainable finance helps achieve net-zero emissions
"Together, we are working under the direct supervision of the Central Bank of the UAE to further advance sustainable finance...
Business
UAE stocks generate strong cash flows as IHC stands out
Abu Dhabi, UAE--UAE stocks generated strong cash flows on Monday as the International Holding Company (IHC) maintained robust performance and...
Business
Most Read
Economy
CBUAE foreign assets inch up to US$161.22bn in June
Abu Dhabi, UAE--The Central Bank of the United Arab Emirates (CBUAE) has revealed that its total foreign assets increased to...
- According to the apex bank, foreign securities were down to $45 billion from $46.56 billion at the end of June,, with other foreign assets up to $17.27 billion
- The monetary base, according to the CBUAE, grew by 0.1%, climbing from $169.20 billion at the end of May 2023 to $169.42 billion at the end of June 2023
Business
Sukoon Insurance sets up OIWSS
Aim is administration of Employee Money Purchase schemes.
- OIWSS has established a partnership with Intertrust Group.
- OIWSS will be the trustee and the operator of this scheme
Business
$61bn Broadcom-VMware merger cleared
The merger is expected to be completed by the end of Oct.
- The Competition and Markets Authority last month gave its provisional approval to the deal announced in May 2022.
- The CMA found that restricting product interoperability would cause the merged company greater financial losses than gains.