China, Canada retaliate to Trump tariff war as markets fall
Washington, United States -- Mounting trade wars between the United States and its largest economic partners deepened Tuesday as huge...
Business
Stocks mostly rise, oil falls as Trump fans Ukraine peace hopes
London, United Kingdom -- Major stock markets mostly rallied and oil prices retreated Thursday on hopes for an end to the...
Business
Science
Environment Agency – Abu Dhabi issues marine water quality policy
ABU DHABI, UAE - The Environment Agency - Abu Dhabi (EAD) has issued a policy on sustaining marine water quality...
- The policy is part of EAD's efforts to maintain and sustain Abu Dhabi's marine waters and limit practices that can cause marine pollution.
- The policy aims to develop relevant legislative and regulatory frameworks and halt discharges that may have adverse impacts on the marine environment
Science
DEWA cleans beach, plants mangrove as part of 26th National Environment Day
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) participated in a campaign to clean the beach and plant mangroves...
- DEWA organized virtual environmental lectures in Arabic and English, in cooperation with Dubai Municipality.
- More than 250 DEWA employees and their families participated in the event.
Economy
Markets take a hit as US jobs fan rate worries
optimism was dealt a heavy blow Friday by data showing more than half a million new jobs were created in...
- The rally enjoyed through January has ended this month as investors contemplate a period of high borrowing costs aimed at bringing inflation down from multi-decade highs
- A softer tone from the Fed regarding its monetary tightening campaign had allowed market participants to entertain the possibility of a pause, or even a cut, later in the year
Economy
Average occupancy in Dubai hotels 73% in 2022, highest in world
The high occupancy was achieved despite a 16 per cent increase in room supply in 2022 compared to 2019.
- The high occupancy was achieved despite a 16 per cent increase in room supply in 2022 compared to 2019.
- Dubai’s hotel inventory at the end of December 2022 comprised of 146,496 rooms at 804 hotel establishments.
Economy
Dubai’s position as international events destination reinforced in 2022
The city also hosted the Skift Global Forum East, the first-ever international extension of the world’s flagship travel conference, the...
- The city also hosted the Skift Global Forum East, the first-ever international extension of the world’s flagship travel conference, the Skift Global Forum
- Expo 2020 hosted global business and leisure events across 2022 including Gulfood, the World Government Summit, Binance Blockchain Week, Gitex Global Dubai
Economy
Dubai receives 14.36mn international visitors in 2022
The latest data from the United Nations World Tourism Organisation (UNWTO) shows that global tourist travel in 2022 was 37...
- The latest data from the United Nations World Tourism Organisation shows that global tourist travel in 2022 was 37% lower than 2019
- The Middle East saw the strongest relative increase, with arrivals climbing to 83 percent of pre-pandemic numbers.
Economy
Middle East talent hunt pits UAE against Saudi Arabia
The two biggest economies of the region are leaving no stone unturned to hire the most talented professionals in order...
- Corporate groups are enticing chief executives from corporations in the West with an array of choices, including large joining bonuses and buying out extended notice periods
- Recruiters hiring for Saudi Arabia have a harder time though to convince professionals to relocate to the kingdom than do headhunters recruiting for the UAE
Economy
Preserving natural resources crucial for future generations, reiterates key UAE official
The UAE has a long and established history in the field of sustainability, which began with the initiatives launched by...
- Protecting and preserving natural resources for future generations is very important and the UAE is committed to achieve sustainability, says an official
- The UAE has a long and established history in the field of sustainability, which began with the initiatives launched by the late Sheikh Zayed Al Nahyan, he adds
Economy
Dubai’s government, private sector to discuss future at Innovation Talks
DUBAI, UAE - The Innovation Talks series will bring together heads and representatives of Dubai government departments, and experts from...
- The three-day Innovation Talks series will include keynote sessions and knowledge seminars.
- The series emphasizes the importance of innovation, especially in providing services and increasing the effectiveness of procedures.
Economy
Dubai Customs, Dubai Chambers discuss support for private sector
DUBAI, UAE - Dubai Customs and Dubai Chambers discussed supporting businesses and the private sector and enhance the emirate’s competitiveness...
- Dubai Customs, Dubai Chambers discussed their shared plans and strategies, including the electronic integration of services.
- They also discussed the development of new services to consolidate Dubai’s position as a major global economic hub in the next 10 years.
Most Read
Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
China, Canada retaliate to Trump tariff war as markets fall
Washington, United States -- Mounting trade wars between the United States and its largest economic partners deepened Tuesday as huge...
Business
Company News
Latest News
‘Tech solutions help make food practices sustainable’
UAE's launch of Food Innovation Hub emphasizes the government's eagerness to innovate and collaborate for sustainable food systems, WEF's Tania...
UAE witnesses 7% rise in youth green skills in 2023
“We will work to create about 135,000 jobs in the field of green transition worldwide, and therefore ensuring that there...
Economy
Protecting nature may avert $2.7trn global economic losses: World Bank
Dubai, UAE-- Protecting nature could avert global economic losses by 2030 of US$2.7 trillion per year, or 2.3 percent annually,...
COP28 UAE
Most Read
Business
PIF sets up agri and ecotourism firm Dan Company
RIYADH, SAUDI ARABIA - The Public Investment Fund (PIF) announced on Monday the establishment of Dan Company, specializing in agritourism...
- The company plans to develop unique tourism projects around cities across Saudi Arabia with attractive natural and farmed landscapes.
- Dan aims to involve local communities in imparting experience that enables visitors to fully interact with Saudi regional culture and traditions.
Geostrategy
Russia, Saudi say sovereign Palestine state vital for regional peace
RIYADH, SAUDI ARABIA – Russia and Saudi Arabia expressed concern on the present situation in Gaza and said that a...
- The two sides discussed the developments in Palestine and expressed their deep concern about the humanitarian catastrophe in Gaza.
- Russia and Saudi Arabia stressed on the need to stop military operations in the Palestinian territories, and the need to protect civilians.
Economy
Oman’s revenues drop by 17 percent in nine months of 2023
Muscat, Oman -- Oman's revenues for the nine-month period of 2023 declined 17 percent to 9.8 billion riyals ($25.45 billion),...
- During the nine-month period, the budget recorded a financial surplus of about RO 830 million, compared to a surplus of RO 208 million in the same period of 2022.
- Net gas revenues until the end of last October decreased by 43 per cent to reach RO 734 million compared to RO 3 billion and 51 million.