Saudi Arabia sets $54m threshold for public-private partnership projects
Riyadh, Saudi Arabia - Saudi Arabia has revised the regulations of its Privatization Law, setting the minimum limit for a...Economy
UAE is the most popular destination for global workers, says report
Dubai, UAE – The United Arab Emirates is the most popular country for international talent seeking employment visas, a report...Business Economy Global
UAE aid ship in Mogadishu to deliver drought relief
This initiative comes as part of the directives of the UAE President to provide humanitarian support to the Somali people...The initiative comes as part of the directives of the UAE President to provide humanitarian support to the Somali people
Authorities distributed relief aid to families and those displaced in their areas and camps
Saudi Arabia allows holders of all types of visas to perform Umrah
The ministry stated that those who qualify to perform Umrah also include holders of US, UK and Schengen visasThe ministry stated that those who qualify to perform Umrah also include holders of US, UK and Schengen visas.
The system allows people to obtain a tourist visa, valid for a period of 12 months, upon arrival at one of the Saudi airports
Egypt looks to borrow $2.5bn in loan to bolster economy
The country's struggling economy needs to urgently secure more foreign currency in its $400 billion economy to plug gaping deficits.The country is looking to garner $41 billion to pay for its current account deficit and maturing debt by the end of 2023
Saudi Arabia, the UAE and Qatar have pledged more than $22 billion in deposits and investments in the struggling economy
RAK Chamber members’ exports in Q2 2022 totaled $447m
The Ras Al Khaimah Chamber of Commerce and Industry issued its statistics for the second quarter of 2022, which showed...The report also showed that the number of certificates of origin issued by the chamber totaled 5,871.
A total of 326 plots were sold for $446 million, while 1,567 apartments and villas were purchased for $849 million
Dubai records $2.6bn real estate transactions in week
A total of 2,433 real estate transactions worth $2.6 billion (AED9.7 billion) were conducted during the week ending 12th August,...A total of 2,433 real estate transactions worth $2.6 billion were conducted during the week ending 12th August, 2022
A total of 326 plots were sold for $446 million, while 1,567 apartments and villas were purchased for $849 million
ADDED launches incubators program for entrepreneurs
The Competitiveness Office of Abu Dhabi, part of the Abu Dhabi Department of Economic Development, has officially launched the 'Abu...The program aims to support individuals who wish to turn their ideas into innovative commercial opportunities
This incubator program is part of the 14 initiatives under the 'Abu Dhabi Innovates'.
Dubai Airports win Gold Stevie Award for Great Employers 2022
Dubai Airports has been named the winner of a Gold Stevie Award in the Most Innovative Workplace Redesign During COVID-19...Dubai Airports wins Gold Stevie Award for initiatives during the pandemic to protect the health and wellbeing of employees, customers and guests.
This included the redesign of the Dubai Airports workplace with the installation of onsite testing and vaccination facilities.
Saudi youth programs aim at raising manpower in economics, public policy
Saudi Arabia has launched new youth programs aimed at raising the number of qualified manpower in the field of economics,...The programs seek to reduce the gap between the skills required in the field of economy and the requirements of the labor market.
This initiative included the launch of the "Scholarship Advantages" program for students who have been accepted for scholarships in economics, public policy and social sciences.
Abu Dhabi non-oil foreign trade $33.75 billion in first half of 2022
The value of the trade-in commodities from normal metals and their products increased to AED24.51 billion, with a growth rate...Exports during the first six months of this year increased to 26 percent, at a value of AED49 billion and 479 million, compared to AED39.19 billion in 2021.
The trade with Saudi Arabia was the highest at AED28.63 billion, with a growth rate of three percent compared to AED27.90 billion recorded during the same period in 2021.
Ajman Chamber urges members to diversify investments
The ACCI witnessed the signing of a strategic partnership agreement to supply rosewater between Lavish Perfumes with Lecheq Farm Distillery...The Ajman Chamber of Commerce and Industry wants members to increase the volume of intra-trade.
The Chamber also wants members to strengthen international relations between business owners in Ajman and their outside counterparts
