WEF24: Geopolitical upheaval to affect global economy
Geopolitical tensions, including the Russia-Ukraine conflict, Middle East unrest, and China-Taiwan ties are key economic disruptors, says Bill Browder of...Economy
Norway’s sovereign wealth fund posts record US$213bn profit
Oslo, Norway - Norway's sovereign wealth fund, the world's biggest, said Tuesday it raked in a record profit of 2.2 trillion...Business Economy Global
7.1 GW of renewable energy under production in Saudi Arabia
Saudi Ministry of Energy has put forward renewable energy projects with a production capacity of 7.1 gigawatts (GWs), which are...The current production capacity of renewable energy projects is 700 megawatts.
Energy projects are covered under the National Renewable Energy Program (NREP).
Abu Dhabi Maritime to sponsor Abu Dhabi International Boat Show
The Abu Dhabi International Boat Show (ADIBS), organized by the Abu Dhabi National Exhibitions Company (ADNEC), has entered into a...Abu Dhabi Maritime has a mandate to implement effective maritime services and state-of-the-art infrastructure
The fourth edition of Abu Dhabi International Boat Show will take place this year from November 24 to 27.
‘Inflation a concern, equity markets favorable in GCC region’
A survey in the GCC region reveals that almost all the respondents believe that rising inflation will impact their cost...A survey in the GCC region reveals that people believe inflation will impact their cost of living by at least 10 percent
Over 66 percent of the respondents said that they continue to view equity markets favorably
Over 30,000 visitors attend Al Dhaid Date Festival in Sharjah
The 6th edition of Al Dhaid Date Festival came to a successful conclusion at Expo Al Dhaid, after four days...The Al Dhaid Date Festival drew over 30,000 visitors who explored and learnt about the best and finest types of dates
Sharjah Chamber of Commerce and Industry says it will spare no effort to promote and preserve the historical status of palm trees
Saudi Arabia’s overall exports in May 2022 was US$38.5bn
The Kingdom of Saudi Arabia’s overall merchandise exports increased by 83.4 percent in May 2022 compared to May 2021, the...Saudi Arabia’s overall merchandise exports increased by 83.4 percent in May 2022 compared to May 2021
The share of oil exports in total exports increased from 72 percent in May 2021 to 80.6 percent in May 2022
Russia assures Egypt of providing grains as per order
Russia's top diplomat reassured Egyptian leaders Sunday that their orders for Russian grain would be met as he began a...Foreign Minister Lavrov said that Russian exporters of cereals will fulfil their orders and provide grains to Egypt and other countries
Lavrov's visit comes hot on the heels of a landmark deal Russia and Ukraine signed on Friday with the United Nations and Turkey
Dubai most expensive city in Arab world
Mercer’s 2022 Cost of Living City Ranking ranks the emirate the 31st most expensive city in the world.Mercer survey is aimed at providing employers data to help them navigate compensation strategies for their mobile employees in the world.
Urkaine conflict, rising inflation and volatility of markets has affected the cost of living for most of the people in the world.
Dubai to provide 2,000 residential plots at Umm Nahad Fourth
The Higher Committee for Development and Citizens Affairs, chaired by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince...The Higher Committee for Development and Citizens Affairs approved immediate allocation of 2,000 residential plots at Umm Nahad Fourth area
The step comes as part of the Housing Program for Dubai Citizens to meet the requirements and needs of Emirati families
Center to combat financial fraud inaugurated in Saudi Arabia
A Joint Operations Center for Saudi Banks tasked with following up and monitoring cases of financial fraud that bank customers...The center brings together all Saudi banks under one roof to improve the customer experience and tackle confirmed cases of financial fraud.
The Center’s establishment came from from the Saudi Central Bank’s support for the stability of the banking sector, said SAMA governor.
DEWA says 287 11kV substations commissioned in H1 2022
Dubai Electricity and Water Authority (DEWA) has commissioned 287 11kV substations in Dubai in the first half of 2022. This...These 287 11kV substations are primarily in Al Merkad, Jabal Ali First, Saih Shuaib 2, Al Jadaf and Burj Khalifa areas
Building these substations included 177,875 working hours as per the highest quality, efficiency and safety standard
