Iran and Russia to sign new contracts to develop oil, gas fields
Tehran, Iran-- Iran and Russia have agreed to sign new contracts on developing oil and gas fields, according to the...
Economy
Qatar and China entrepreneurs explore partnerships, JVs in tech and energy
Doha, Qatar-- Businessmen and entrepreneurs from Qatar and China have discussed opportunities to set up joint ventures and commercial partnerships...
Economy
Business
Zain to solidify 5G networks
Signs MoUs with Huawei, Nokia, Tata, BTAS and MSSP pact with Fortinet.
- The MoU with Huawei entails mutual cooperation for the full deployment of the 5G network within the SME sector.
- Zain's agreement with Tata Communications includes joint projects related to SD-WAN and global contact centers.
Business
DP World and Indonesia Investment Authority plan $7.5bn long-term investment
DP World and the Indonesia Investment Authority (INA) have signed an agreement to form a consortium and working team to...
- The investments would include inland terminals, cargo parks, feeder network systems, landside transport and industrial zones.
- They will also explore collaboration with the Indonesia Port Corporations (Pelindo).
Economy
UAE’s ADNOC reinstates full oil supplies in Dec
It will be the first time since the oil price crash in the second quarter of last year when the...
- It will be the first time since the oil price crash in the second quarter of last year due to the COVID-19 pandemic that ADNOC has not implemented any supply cuts
- Brent crude futures gained nearly 60% since the beginning of the year to hit a near three-year high on Monday
Economy
Qatar Tourism launches ‘Experience a World Beyond’
The promotional campaign can be seen across OOH, broadcast, print and digital channels across major cities.
- The promotional campaign can be seen across OOH, broadcast, print and digital channels across major cities
- The three main characters that represent Qatar and its experiences are Shaheen, Maha, and Lulu
Economy
Qatar Ministry of Transport signs pact with Qatar Rail
Under the agreement, the Ministry of Transport will support all the measures that promote public transit demand management, including the...
- Under the agreement, the Ministry of Transport will support all the measures that promote public transit demand management, including the railways
- The agreement comes in the context of the efforts of the Ministry of Transport to provide an integrated, world-class, multimodal transit system
Economy
Saudi Ministry of Transport signs MoUs with its Omani Counterpart
The signing ceremony was attended by the Minister of Transport and Logistic Services Eng. Saleh bin Nasser Al-Jasser and his...
- The signing ceremony was attended by the Minister of Transport and Logistic Services Eng. Saleh bin Nasser Al-Jasser and his Omani counterpart Eng. Saeed Al-Maawali
- The MoU is geared to benefit from the unique geographical location of the two countries and achieve the objectives of the national strategy for transport and services
Sunny but isolated, Cyprus toils to boost green energy
Cyprus hopes to boost its share of renewable energy to 23 percent by 2030 as part of its National Energy...
- Cyprus hopes to boost its share of renewable energy to 23 percent by 2030 as part of its National Energy and Climate Plan
- In October Cyprus also signed a deal with Greece and Egypt to transfer electricity through lines connecting the three countries
JNTO opens its first office in Dubai in bid to draw more GCC tourists
Japan aims to attract 60 million visitors annually by 2030 and it is looking to draw a large number of...
- Japan aims to attract 60 million visitors annually by 2030 and it is looking to draw a large number of them from the Middle East
- As many as 28222 tourists visited Japan from the GCC in 2019, marking an increase of 28 percent from last year
Business
Dubai Economy, Golden Radiant help DED licensed traders to widen reach
Traders holding Dubai Economy's DED Trader license can digitalize their businesses by using SingleCart App and a complete line-up of...
- Traders can digitalize their businesses by using SingleCart App and a complete line-up of the app's features to reach a larger number of consumers.
- The app is designed to help them handle in-store and online sales seamlessly from their smartphone.
Business
Transaction law changes will help raise UAE’s competitiveness ranking: CBUAE
Several amendments to the Commercial Transactions Law related to cheques will contribute to raising the UAE's ranking in the Global...
- Several amendments to the Commercial Transactions Law will come into effect in Jan 2022.
- The changes will also consolidate the principles of justice by striking a balance between the interests of the cheque beneficiary or bearer: CBUAE
Iran and Russia to sign new contracts to develop oil, gas fields
Tehran, Iran-- Iran and Russia have agreed to sign new contracts on developing oil and gas fields, according to the...
Economy
Company News
Eshraq to buyback shares
Business
Latest News
East Pipes, Banque Saudi Fransi ink pact
Funds will be used to finance working capital for projects.
Business
Middle East firms pay fortune for employee burnout
A TRENDS exclusive report takes a hard look at how tens of thousands of white-collar workers in Middle East are...
Economy
Egypt annual inflation surges to record 36.8 percent in June
The Egyptian pound has lost half its value against the dollar since early last year, shooting prices upward and adding...
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Business
Dubai Transport Authority’s digital channels record 10% jump in 2022 revenues
Dubai, UAE-- Dubai's Roads and Transport Authority (RTA) has reported a 10 percent increase in revenues for 2022 to $953...
- RTA reported 814 million digital transactions up from 676 million in 2021, a 20 percent growth rate, in addition to a 30 percent jump in the number of registered users
- Mattar Al Tayer, Director-General of RTA, said that the company was going ahead with its digitization projects in order to increase its global competitiveness
Business
EU, New Zealand ink deal to enhance trade by 30 percent in a decade
The European Union and New Zealand signed a free trade agreement which Brussels says can lift exchanges between the two...
- New Zealand Prime Minister Chris Hipkins said it "will generate substantive new economic opportunities. It's of huge benefit to both partners."
- "New Zealand is a key partner for us in the Indo-Pacific region, and this free trade agreement will bring us even closer together," the EU chief said from Brussels.
Geostrategy
Pro-Iran parties urge Iraq to clear energy dues with Tehran
BAGHDAD, IRAQ - A powerful alliance of pro-Iran factions in Iraq called on Sunday on Baghdad to pressure the United States...
- Iraq, ravaged by decades of conflict and international sanctions, relies on gas imported from its eastern neighbor for a third of its energy needs.
- To reduce their dependence on Iranian gas, Iraq has been exploring several possibilities including imports from Gulf countries like Qatar.