Roadmap out for environmental education, sustainable development at WEEC2024
ABU DHABI, UAE - The Abu Dhabi Roadmap, a high-level plan outlining global recommendations to bolster Environmental Education (EE) and...
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
Business
GCC hotel industry readies for a comeback
The Gulf hotel sector's investments, according to reports, have reached $27 billion. New hotel projects worth $3.5 billion in the...
- Hotel licenses in Saudi Arabia can now be obtained in just 10 days.
- Until March 2021, UAE had 1096 hotels with 181.3 thousand rooms.
Economy
Mena region needs water resilience: World Bank
Without water resilience, the MENA region may see a loss of 6-14 percent of the collective GDP by 2050, says...
- A drought can reduce the economic growth of a city anywhere in the world by up to 12 percent, says the World Bank
- The MENA region, it says, has over 60 percent of the population living in areas with high water stress, compared with 35 percent globally
Slow Covid vaccination to cost global economy $2.3trn
Emerging countries will bear the brunt of the losses from slow vaccination efforts, according to the Economist Intelligence Unit
- Emerging countries will bear the brunt of the losses from slow vaccination efforts, according to the Economist Intelligence Unit
- Covid, vaccination, economist, intelligence unit, global economy, study
Business
Women-only business package introduced in Masdar
Masdar City Free Zone offers opportunities for UAE women who constitute 70 percent of UAE university graduates and are also...
- The announcement comes ahead of Emirati Women’s Day on Aug. 28.
- A team of experts are available to assist aspiring women entrepreneurs.
Geostrategy
IsDB and OIC keen to boost cooperation
Both institutions will work toward supporting economic and social development in member countries.
- IsDB is organizing a forum in Tashkent on Sept. 2 on post-Covid 19 situation.
- Both institutions will work toward supporting economic and social development in member countries.
Business
Iran to set up real-estate stock exchange in H2
When established, it is expected to be Iran’s fifth major stock exchange.
- It will be under the purview of the Iran Mercantile Exchange or IME
- Such an exchange is expected to provide housing units for the underprivileged
Business
Chabahar port becomes permanent member of World FZO
The World FZO is a non-governmental, non-profit entity based in Dubai in the United Arab Emirates.
- Chabahar is Iran's only oceanic port on the Gulf of Oman
- It can from now on participate in the decisions and events of the World FZO
Economy
All projects under Saudi Vision 2030 ‘colossal’
The number and value of mega projects set to transform the country’s real estate landscape and showcase the kingdom’s vision...
- Nearly $300bn of the total spends dedicated to new infrastructure, according to consultancy firm Knight Frank.
- Inquiries for development consultancy and development management services have increased over the last six to 12 months.
Fighting in Syria’s Daraa displaces 38,000: UN
Clashes between the two sides since late July have marked the biggest challenge yet to the Russian-brokered deal that returned...
- Clashes between the two sides since late July have marked the biggest challenge yet to the Russian-brokered deal that returned the southern province to government control
- The Britain-based Syrian Observatory for Human Rights said that government forces are restricting the entry of goods into Daraa al-Balad
Oman lifts travel ban on India, Pakistan, Bangladesh
Fully-vaccinated passengers from 21 countries can now travel to Oman, according to a new circular issued by the country’s Civil...
- All those coming to Oman are required to present a Covid-19 vaccine certificate
- The certificate must contain a QR Code stating that they have received two doses of an Oman-approved vaccine
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Roadmap out for environmental education, sustainable development at WEEC2024
ABU DHABI, UAE - The Abu Dhabi Roadmap, a high-level plan outlining global recommendations to bolster Environmental Education (EE) and...
Company News
Latest News
UAE government unveils next generation of ‘future design tools’
Dubai, UAE--The UAE has unveiled what it calls as the next generation of future design tools, enabling government entities to...
Economy
UAE banking system maintained stable funding in Q1 of 23: CBUAE
Abu Dhabi, UAE--The Central Bank of the United Arab Emirates (CBUAE) has noted with satisfaction the persistent credit appetite of...
Economy
Dubai International Chamber opens new office in Johannesburg
Dubai, UAE - Dubai International Chamber, one of the three chambers operating under Dubai Chambers on Wednesday marked the official...
Economy
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Economy
Pakistan to hand over Karachi Port terminals to UAE
Dubai, UAE - Pakistan has taken steps to finalize a deal with the United Arab Emirates (UAE) for the handover...
- The decision was made during a meeting chaired by Finance Minister Ishaq Dar, held by the Cabinet Committee on Inter-Governmental Commercial Transactions
- To facilitate the negotiation process, a committee has been formed to establish a commercial agreement between the Karachi Port Trust (KPT) and the UAE government
Business
QSE unveils new trading system
It is expected to propel Qatar as an investment hub.
- The new platform aligns with the advanced financial market technologies deployed by exchanges like London Stock Exchange Group
- A multi-asset, multi-market, trading platform, it will provide wide support a range of asset classes including equity, fixed income, and derivatives
Economy
Gross banks’ assets up $1.03trn at end of April 2023: CBUAE
Abu Dhabi, UAE - The Central Bank of the UAE (CBUAE) announced on Tuesday that the Money Supply aggregate M1...
- Total Bank Deposits increased by 1.9 percent, rising from $626.47 billion at the end of March 2023 to $638.73 billion at the end of April 2023
- The Money Supply aggregate M2 climbed by 2.0 percent, from $485.57 billion at the end of March 2023 to $495.47 billion at the end of April 2023