Mawani completes Red Sea Gateway Terminal at Jeddah Islamic Port
Riyadh, Saudi Arabia - The Saudi Ports Authority, Mawani, announced the completion of the Red Sea Gateway Terminal at Jeddah...
Business
Google AI research hub in Paris to host 300 experts
The new hub part of a trend for big tech firms to base teams in European centers.
Business
Business
ADQ taps Etihad for services
The terms of the transaction were not disclosed.
- As part of the transaction, several of Etihad airline-support businesses will become part of a new ADQ aviation firm
- The move is expected to support the ongoing transformation of Etihad and the growth of civil aviation in Abu Dhabi
Business
Abu Dhabi Airport traffic likely to surge 400% over holiday season
From the period running December 22 to January 2, Abu Dhabi Airports estimates an average of 32,000 passengers and 102...
- From the period running December 22 to January 2, Abu Dhabi Airports estimates an average of 32,000 passengers and 102 flights per day
- Passenger traffic (59,000 per day) and flight numbers (149 per day) still remain down from the same period in 2019
Business
Iran accepts tea in payment for Sri Lankan $251 million oil debt
Iran has agreed to accept Ceylon tea in payment for a Sri Lankan oil debt valued at $251 million, Iranian...
- In 2016, Ceylon tea made up nearly half of Iranian consumption, but the proportion has declined in recent years.
- The barter deal will allow sanctions-hit Iran to avoid having to use up scarce hard currency to pay for imports of the widely consumed staple.
Business
UAE Innovates 2022 to launch on 1 Feb, will run alongside Expo
The UAE Innovates 2022, which is aimed at cultivating a culture of innovation within the public sector and engaging the...
- Innovation Month 2022 will also include the launch of the second edition of the UAE Innovates Awards.
- Activities during the month will include new programs, specialized workshops, and interactive sessions.
Business
Jordan and Saudi Arabia discuss ways to develop agriculture sector
Jordan and Saudi Arabia have discussed the ways to increase the exchange of crops and foodstuffs between the two countries....
- Jordan's Minister of Agriculture Khaled Hneifat met a delegation of the Saudi Ministry of Agriculture, Environment and Water.
- The two sides held also discussed the most important export obstacles and some procedures on the two countries' borders.
Business
AFZ registers 349 new companies in Q3 2021
The results of the operational performance analysis also reflect the Free Zone’s distinct position in the emirate's export and re-export...
- In its report, AFZ said that education was the fastest-growing sector in the Free Zone with 34 percent growth, followed by advanced technology and health
- The Free Zone also recorded a 12 percent growth in the number of new companies registered in the food and beverage sector
Business
Mubadala, G42 plan campus
The biopharma campus is expected to be set up in Abu Dhabi.
- The biopharma campus is expected to tap into global vaccine and therapeutic products to strengthen regional supply chains
- It is also expected to drive the UAE’s diversification and economic-growth agenda
Business
Qatar and Iraq discuss cooperation in transportation sector
Minister of Transport Jassim bin Saif Al Sulaiti, and Minister of Transport of the Republic of Iraq Nasser Hussein Bandar...
- The total number of passengers who used the Doha Metro during the FIFA Arab Cup 2021 exceeded 2.5mn with an average of 130,000 passengers daily.
- According to Qatar Rail, the Doha Metro operated 50,000 trips during the tournament, covering 885,000km, and the average time between trains was 2.5 minutes
Business
Saudi Ports Authority announces new direct shipping service to Djibouti
The Saudi Ports Authority (MAWANI) has announced a new direct shipping service connecting Saudi Arabia to Djibouti, through the container...
- The service will connect Jeddah Islamic Port to Djibouti through the container transport company, Transmar.
- Jeddah Islamic Port is one of the three Saudi ports included in the 2021 edition of Lloyd's List of Top 100 Ports.
Business
UAE an attractive work destination for GCC countries, says pension authority
The UAE is one of the most attractive Gulf Cooperation Council (GCC) countries for GCC citizens to work in, according...
- A total of 6,903 employees from GCC countries work in the UAE, out of the total 19,808 GCC employees working outside their countries.
- In the UAE, the insured is expected to pay 5 percent, public entities 15 percent and private entities 12.5 percent, and the rest of the 2.5 percent.
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Mawani completes Red Sea Gateway Terminal at Jeddah Islamic Port
Riyadh, Saudi Arabia - The Saudi Ports Authority, Mawani, announced the completion of the Red Sea Gateway Terminal at Jeddah...
Business
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Disparity remains as Saudis, Emiratis see wealth gains
The financial landscape of Saudi Arabia and the UAE is undergoing a significant transformation, with most adults in the region...
Economy
ADNOC Gas signs 5-year LNG supply pact with Japanese energy company
Abu Dhabi, UAE - ADNOC Gas, an integrated gas processing company, on Thursday announced a five-year liquefied natural gas (LNG)...
Business
Saudi economic support vital for progress in various sectors: Yemen PM
Aden, Yemen--Yemeni Prime Minister Maeen Abdulmalik affirmed that the economic support Saudi Arabia provides to Yemen represents a vital factor...
Economy
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Business
Saudi, Chinese companies, banks sign 12 pacts worth $1.33bn
Beijing, China - Saudi Arabian and Chinese companies and banks on Wednesday signed 12 agreements involving an investment exceeding $1.33...
- The two countries focused on strengthening partnerships in urban infrastructure, housing, real estate development, and financing
- Saudi Ministry of Municipal, Rural Affairs, and Housing is currently working with several Chinese companies on housing projects worth $800 million
Business
DWTC’s hospitality branch growth up
The division recorded 32% growth in H1 of 2023.
- Apart from proving its culinary strength with a 32% growth, the division recently won a big haul of medals at Emirates Salon Culinaire 2023
- Its kitchen recently received grade A rating from Dubai Municipality and certifications from Hazard Analysis and Critical Control Points
Business
GSA discusses cooperation with IIHF, ISU to boost winter sports in UAE
Dubai, UAE-- The UAE's General Sports Authority (GSA) and the International Skating Union (ISU) and International Ice Hockey Federation (IIHF)...
- The discussion between officials touched on ways to develop the rules and regulations for ice sports leading to the promotion of winter sports in the UAE
- Sheikh Suhail bin Butti Executive Director of the Sports Development Sector at GSA said that the UAE intends to host international winter sports championships