Business
MYCRANE expands to India
The Dubai firm has appointed an exclusive pan-India franchisee.
- The franchise partnership agreement was between MYCRANE and Sahil Freight Express Pvt Ltd was signed at Expo 2020 Dubai
- The crane market in India is expected to grow strongly in the coming years due to the expansion of roads and metro railways
Business
Moro Hub breaks ground for largest solar data center in region
The center will offer digital products and services using Fourth Industrial Revolution technologies, such as cloud services, the Internet of...
- The data center will be implemented by Moro Hub, a subsidiary of Digital DEWA, the digital arm of DEWA
- The carbon-neutral green data center will use 100% renewable energy with a capacity exceeding 100 megawatts
Business
Covid-19 rules shuttering Hong Kong aviation: Qatar Airways chief
Under Hong Kong's rules, if an airline brings in too many infected passengers on a particular route, it is banned...
- Qatar Airways CEO Akbar Al Baker took issue with a border-control rule that temporarily bans airlines that have brought in infected passengers
- Last month, British Airways announced it was suspending Hong Kong flights after crew members were required to quarantine following a positive Covid-19 test among the staff
Business
Tributes pour in as UAE businessman Majid Al Futtaim passes away
Tributes pour in as the death of the leading Emirati businessman Majid Al Futtaim was announced on Friday. Al Futtaim,...
- Sheikh Mohammed bin Rashid Al Maktoum hailed him as 'one of Dubai's most important' business leaders
- In April 2021, Forbes’ 35th Annual World Billionaires named Majid Al Futtaim among the world's top 10 richest Arabs
Business
Ajman Free Zone partners with AlHabbai
One of the pact's aims is easing access to residence visas.
- Providing more competitive features and choices for medical examinations part of the partnership.
- AFZ committed to exploring and establishing partnerships with various sectors to deliver unified and efficient services to investors, said the director general.
Business
Emirates receives its 123rd, and final, Airbus A380 superjumbo jet
Emirates today received delivery of its 123rd Airbus A380 superjumbo jet. The aircraft, registered as A6-EVS, is also the final...
- Emirates said it was the first airline to announce an order for the A380 at the 2000 Farnborough Air Show, when the aircraft was still marketed as the A3XX.
- The aircraft received features the airline's latest cabin products including Premium Economy, said the CEO.
Business
Aldar-ADQ grp to buy SODIC share
The Abu Dhabi based consortium will focus on identifying growth opportunities and guiding the company’s long-term strategy.
- The Abu Dhabi based consortium will focus on identifying growth opportunities and guiding the company’s long-term strategy
- The consortium’s objective is to advance SODIC’s position as a leading national developer by scale and reputation
Business
Saudi index shines, UAE stocks ripple
Global cues and local developments could not dampen the overall improvement.
- For Tuesday's eleventh consecutive trading day (December 14, 2021), the Dubai Stock Exchange index increased 0.9 percent.
- A 2.3 percent loss in First Abu Dhabi Bank's share on Monday (December 13, 2021) dragged down the index by 0.4 percent.
Interview
Jordan eyes investments with ICT growth
Investment opportunities also exist in IT solutions for Jordan's financial sector and enterprise solutions and emerging applications. In addition, Jordan...
- Jordan's ICT sector generates 75 percent of the region’s Arabic internet content
- Jordan offers a competitive proposition for investment in content applications and e-learning with fairly priced broadband internet tariffs
Business
Etihad launches WorldPass for frequent travelers from UAE
Etihad Airways has announced a new travel solution aimed at corporate and frequent travelers booking from the UAE, said local...
- Etihad WorldPass is available for travel between the UAE and select destinations including the GCC, India, Pakistan, UK and Ireland.
- WorldPass guests can have unlimited free rebooking and cancellation, and the booking portfolio can be self-serviced and self-managed.
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Company News
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Chinese firms look to expand business in Ras Al Khaimah
Ras Al Khaimah, UAE - Chinese companies are seeking business opportunities in the Ras Al Khaimah Economic Zone (RAKEZ) as...
Business
Struggling Lucid weighs down PIF’s robust US equities show
Dubai, UAE -- Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), reported 9.6 percent growth in its US equity holdings to...
Business
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Business
Riyad Capital okays 2.5% cash dividend
The SAR 0.25 per unit dividend will be paid to Riyad REIT Fund's unitholders.
- The distribution represents 2.19 percent of net asset value (NAV) as of June 30, 2023.
- Riyad REIT is a closed-ended Shariah-compliant real estate investment traded fund.
Economy
Bahrain supports AI tendering platform, Procural, to create jobs
Manama, Bahrain - Tamkeen, a semi-autonomous government agency, tasked with developing Bahrain's private sector has decided to support the Bahrain-based...
- The support will enable Procural to enhance its ability to use cloud-based technology and Artificial Intelligence (AI) to match vendors with buyers
- Procural offers a range of features that include cloud-based infrastructure, customizable approval workflows, automated purchase orders, and real-time budget tracking
Business
4.4m travel by SAR in H1 2023
Train trips in H1 2023 rose 46 percent compared to H1 2022.
- The volume of minerals and goods transported over SAR networks during the second quarter of the year exceeded 6.34 million tons.
- The total volume of goods transported by SAR H1 2023 rose to over 12 million tons, a 13 percent increase compared to the previous year.