UAE achieves milestone in combating financial crimes
“It highlights the collaborative efforts of various committees, entities, and national bodies, including the Central Bank and the National Committee...
Economy
Apple’s changes contradicts European rules, 34 firms complain
Brussels, Belgium - Changes Apple is making to its services in the European Union "make a mockery" of new antitrust rules...
Business
Geostrategy
Lebanon to get Jordan’s electricity via Syria by 2022
The process of supplying Lebanon with electricity is expected to begin in early 2022.
- The amount of electricity to be supplied Lebanon will be nearly 150 MW from midnight until 6 am
- Jordan will also supply 250 MW to Lebanon during the remaining periods
Science
Qatar plans to reduce 25% greenhouse emissions by 2030
The 25 percent reduction would equal to a dip of 37 Mat CO2 eq by 2030, according to national figures,...
- The reduction said to be part of the National Climate Change Action Plan to reduce emissions in Qatar
- The plan is expected to take Qatar closer to achieving its sustainable development goal by 2030
Economy
Saudi Arabia, Spain agree to build sustainable tourism
Saudi Arabia’s efforts to redesign the future of tourism accelerated this week with a string of major initiatives in Riyadh...
- Saudi Arabia’s efforts to redesign the future of tourism accelerated this week with a string of major initiatives in Riyadh this week
- Saudi puts tourism on the global stage for the first time at FII 2021, launching the Principles for Redesigning Tourism
Economy
Strong ties help UAE-China trade surge
According to the Chinese statistics, there are over 4,000 Chinese-funded enterprises in the UAE. In 2020, the bilateral trade reached...
- The UAE is an important part of China's Belt and Road initiative with the Chinese Foreign Minister Wang Yi referring to the gulf country as a "shining pearl."
- The China-UAE Industrial Capacity Cooperation Demonstration Zone is a major cooperation project to translate the vision of the leaders of the two countries into action
Business
Ras Al Khaimah set for healthy post-pandemic growth: S&P Global
The emirate is expected to see a growth of around 2.5 percent between 2021 and 2024.
- S&P Global estimated RAK's economic growth at 3 percent in 2021, with the first half of the year showing a strong rebound from 2020
- Real-estate transactions, mining volumes, cargo trade, and tourist arrivals are expected to be behind this growth
Economy
War-torn Libya welcomes first group of tourists in a decade
Libya had been mostly off-limits to tourists throughout the four-decade rule of Moamer Kadhafi
- Libya had been mostly off-limits to tourists throughout the four-decade rule of Moamer Kadhafi
- Tourism has been a tiny industry in Libya, whose economy has been dominated by oil and gas since the mid-20th century
Business
UK and Saudi Arabia sign pact to promote direct investment
Saudi Arabia and the United Kingdom signed a Memorandum of Understanding, which is aimed at the promotion of direct investment...
- British and Saudi companies will be established and expanded in both countries.
- Exchange of visits and expertise as well as sharing of rules and regulations in direct investment opportunities part of the MoU
Business
Sharjah-Sao Paulo Business Forum explores economic cooperation
A forum organized by the Sharjah Chamber of Commerce and Industry (SCCI) brought together more than 100 businesspersons from the...
- More than 100 businesspersons from the two countries attended the forum organized by the Sharjah Chamber.
- Sau Paulo state accounts for 30 percent of the entire Brazilian economy and has the largest manufacturers of sugar, juices, coffee, and fruits.
Business
ADNEC launches expansion plans in Abu Dhabi, London
The Abu Dhabi National Exhibitions Company (ADNEC) has announced plans to expand its facilities and infrastructure in Abu Dhabi and...
- Building the largest exhibition hall in the Middle East and North Africa region is part of the expansion plans.
- The company said the expansion plans boost its competitiveness and ability to attract and hold major international events.
Business
UAE and Blue Origin to explore space economy and space tourism opportunities
The UAE will explore investment opportunities in the space economy and space tourism services besides other related ventures with Blue...
- The two sides also discussed expanding the scope of R&D in space to develop emerging space technology in the UAE.
- Space sector provides more than 3,200 jobs, and over 57 space firms are currently operating in the UAE.
UAE achieves milestone in combating financial crimes
“It highlights the collaborative efforts of various committees, entities, and national bodies, including the Central Bank and the National Committee...
Economy
Company News
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Dubai’s RTA digital channels generate revenue of US$953m in 2022
DUBAI, UAE - Director-General and Chairman of the Board of Executive Directors of Dubai’s Roads and Transport Authority Mattar Al...
Business
Saudi Arabia should ‘review’ emissions targets: French minister
France's energy transition minister Agnes Pannier-Runacher left the world's biggest oil exporter early Sunday morning after meeting with her Saudi counterpart....
Geostrategy
UK to unveil new measures to support financial sector
Hunt, whose official title is chancellor of the exchequer, will lay out plans for an "entirely new kind of stock...
Economy
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Business
Jordan’s beekeepers make a fortune as demand for honey soars
The kingdom of Jordan prides itself on its 19 different types of honey, including citrus, eucalyptus and maple varieties, depending...
- Jordan's 4,000 apiarists have ramped up output of the sweet and sticky golden substance long praised for its anti-inflammatory and other health benefits
- Even if there is no scientific consensus that honey helps fight Covid, many of those infected have used it to soothe symptoms such as sore throats
Economy
Saudi Arabia and France sign MoU to deepen ties in energy sector
Riyadh, Saudi Arabia--Saudi Arabia and France have signed a memorandum of understanding (MoU) to cooperate in the field of energy,...
- The MoU mandates Saudi Arabia and France to ramp up cooperation in developing and sustaining supply chains for the energy sectors
- The joint statement said that addressing climate change and promoting sustainable supplies of energy were priorities of both countries
Geostrategy
Dubai Police records 65,942 ‘transactions’ at smart police stations in H1
Dubai, UAE-- During the first half of 2023 the Dubai Police has recorded some 65,942 smart transactions at its 22...
- According to the police, some 66,000 smart transactions were processed without any human intervention, including the lodging of 16,000 reports
- Major General Ali Ahmad Ghanim said residents and visitors expect top-notch police services that are both innovative and convenient