Qatar awards $6bn in contracts for Al-Shaheen oilfield expansion
The four engineering, installation and procurement contracts will increase production at the Al-Shaheen oilfield -- the country's largest -- by...Business Economy
25,647 new economic licenses issued in Abu Dhabi in 2023, says ADDED report
ABU DHABI, UAE - The Abu Dhabi's “Business Activity Report” for the year 2023, issued by the Abu Dhabi Department...Business Economy
UAE Federal Tax Authority carries out 9,500 inspections in H1 2022
The Federal Tax Authority expanded its efforts in collaboration with various government departments, ministries and authorities to protect consumers from...During the first half of this year, the FTA carried out 9,948 inspection visits in local markets across the country
Inspections conducted H1 of 2022 increased by 104 percent compared to 4,878 inspections conducted H1 of 2021.
2.6% year-on-year rise in insurance sector assets in Q1 2022: CBUAE
The number of insurance policies increased Y-o-Y by 10.4 percent in Q1 2022 to 2.3 million policies compared to 2.1...The number of insurance policies increased Y-o-Y by 10.4 percent in Q1 2022 to 2.3 million policies compared to 2.1 million policies
Gross Written Premiums increased Y-o-Y by 4.6 percent in Q1 2022 to AED 15.8 billion mostly due to an increase in property and liability insurance premiums
A new ‘architectural openness’ is remaking Saudi streets
Local architects and engineers say such features have become a hallmark of renovation and newly-built projects across the capital Riyadh.Local architects and engineers say such features have become a hallmark of renovation and newly-built projects across the capital Riyadh
The result is a kind of visual marker of the more welcoming narrative Saudi officials are pushing for the traditionally ultra-conservative kingdom
Putin, Saudi crown prince discuss oil as global energy market gets volatile
Russian President Vladimir Putin and Saudi Arabia's Crown Prince Mohammed bin Salman spoke about the oil market in a telephone...The Saudi-led OPEC oil grouping has been cooperating with a number of other oil-exporting nations including Russia for several years to better control the oil market
The group, called OPEC+, introduced production cuts during the coronavirus pandemic that helped the oil market to recover from a crash in prices to below zero
Dubai Health Authority, Visa sign MoU to enhance health tourism
The Dubai Health Authority recently signed a Memorandum of Understanding (MoU) with Visa with the aim of enhancing Dubai's competitiveness...Visa cardholders would be given exclusive discounts on medical services by by members of the Dubai Health Experience
The cardholders will be able to choose a range of medical services, book appointments and plan their treatment itineraries
Testing of Barakah Nuclear Plant’s last unit successful
The Emirates Nuclear Energy Corporation has successfully completed the Hot Functional Testing on Unit Four, the last of its four...Emirates Nuclear Energy Corporation successfully completes Hot Functional Testing on the last of its four units of Barakah Nuclear Energy Plant
Results demonstrate that all systems perform in accordance with the highest quality and safety standards under normal operating conditions
Russia resumes critical gas supplies to Europe via Nord Stream
Russia on Thursday resumed critical gas supplies to Europe through Germany, reopening the Nord Stream gas pipeline after 10 days,...The German government had feared that Moscow would not reopen the pipeline after the scheduled work
Gazprom has cut flows to Germany via the vital Nord Stream 1 pipeline by some 40 percent in recent weeks
UAE, Korea discuss cooperation in food security, health, technology
Emirati exports to South Korea increased by 34 percent in 2021 compared to 2021, reaching $679 million.Emirati exports to South Korea increased by 34 percent in 2021 compared to 2021, reaching $679 million
The value of non-oil trade between the two countries in H1 2022 amounted to US$1.3 billion, a 19 percent increase compared to the same quarter last year
Jordan’s Tourism income up 242% in H1 2022
The number of tourists visiting the kingdom rose by 1.4 million to 1.9 million.The number of tourists visiting the kingdom rose by 1.4 million to 1.9 million
Data showed a rise in Jordanians' expenditure on travel last June by 61.8 percent
US seeks billions in Africa investment: aid agency chief
Washington wants to foster billions of dollars of investment in Africa, the head of its delegation to a US-Africa business...Albright was speaking at the US-Africa Business Summit in Marrakesh, an annual conference organized by private organization Corporate Council on Africa
The meeting will bring together African political and business leaders as well as decision-makers and investors from the US private sector
