15% increase in air traffic at UAE airports during COP28, says GCAA
ABU DHABI, UAE – Airports in the country witnessed a 15 percent increase in air traffic during the 28th Conference...Business Economy Aviation
Saudi Arabia, South Korea ink pact to manufacture vaccines, biotech solutions
Seoul, South Korea - Saudi Arabia and South Korea on Sunday signed a Memorandum of Understanding (MoU) to collaborate in...Economy
Oil-rich UAE to burn waste to make power
As the UAE has mushroomed from a desert outpost to a thriving business hub, waste has multiplied. So has power...The Sharjah facility, the first one to be built, will burn more than 300,000 tonnes of waste per year
The plant will also reduce UAE’s reliance on gas-fuelled electricity stations
Arab nations’ pledge bolsters COP26 message
The UAE, Saudi Arabia, and Egypt have made some strong climate-action pledges at or before COP26.The summit may not achieve its target of reducing carbon emissions by 45 percent by 2030
COP26 wants governments to adopt carbon emission targets through 2030
Dubai SME extends AED75.6 million in financial facilities to Global Village
The 25 kiosks were allocated for startups in the food and beverage (F&B) sector, chiefly restaurants and cafes, wholly owned...Under the agreement, 25 kiosks have been allocated for Emiratis within Global Village to launch and grow their business
Dubai SME, through its online registration portal, received more than 200 applications for Global Village
Three agreements signed in Dubai for self-driving solutions
The first agreement was signed between Careem and Kiwibot to develop food and grocery delivery robots.The first agreement was signed between Careem and Kiwibot to develop food and grocery delivery robots
Majid Al Futtaim and Yandex have partnered to explore the independent technology solutions to enhance the scope of the last-mile delivery of Carrefour orders
UAE accounts for 40% of Netherlands’ exports to GCC: Dutch minister
Tom de Bruijn’s comments came during a business forum hosted in Dubai as part of a high-level trade mission to...The forum was organised by the Consulate General of the Netherlands in Dubai in cooperation with Dubai Chamber
The UAE’s non-oil trade with the Netherlands has reached about $3 billion in 2020
‘Oil unlikely to hit US$100 in 2022’
The oil prices would average US$70 per barrel in 2021, Garbis Iradian, chief economist for MENA at IIF, tells TRENDS...Garbis Iradian, chief economist for MENA at Institute of International Finance (IIF), tells TRENDS in an exclusive interview that the prices would average US$70 per barrel in 2021
There are expectations of the US oil production recovery in 2022, which would increase the supply easing pressure of price
Zain to solidify 5G networks
Signs MoUs with Huawei, Nokia, Tata, BTAS and MSSP pact with Fortinet.The MoU with Huawei entails mutual cooperation for the full deployment of the 5G network within the SME sector.
Zain's agreement with Tata Communications includes joint projects related to SD-WAN and global contact centers.
DP World and Indonesia Investment Authority plan $7.5bn long-term investment
DP World and the Indonesia Investment Authority (INA) have signed an agreement to form a consortium and working team to...The investments would include inland terminals, cargo parks, feeder network systems, landside transport and industrial zones.
They will also explore collaboration with the Indonesia Port Corporations (Pelindo).
UAE’s ADNOC reinstates full oil supplies in Dec
It will be the first time since the oil price crash in the second quarter of last year when the...It will be the first time since the oil price crash in the second quarter of last year due to the COVID-19 pandemic that ADNOC has not implemented any supply cuts
Brent crude futures gained nearly 60% since the beginning of the year to hit a near three-year high on Monday
Qatar Tourism launches ‘Experience a World Beyond’
The promotional campaign can be seen across OOH, broadcast, print and digital channels across major cities.The promotional campaign can be seen across OOH, broadcast, print and digital channels across major cities
The three main characters that represent Qatar and its experiences are Shaheen, Maha, and Lulu
